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FirstBank Puerto Rico, acting as servicer for the State Employees Association (A.E.E.L.A.), is foreclosing on a three-bedroom condominium apartment in the First Plaza 254 Condominium, Río Piedras. The estate of María Milagros Esteban Ríos owes $63,208.56 plus 4% annual interest and late fees. The property secures a loan originated at $65,250. A subordinate mortgage to the Puerto Rico Housing Finance Authority for $44,900 was recorded after the foreclosing lien and will survive the sale, as will any unpaid property taxes. The auction will proceed in three rounds starting September 22, 2026, with minimum bids of $65,250, $43,500, and $32,625. Investors should verify title status, subordinate lien amounts, estate composition, occupancy, and HOA fees before bidding.
Apartamento 503, Condominio First Plaza #254 · 00925 · Puerto Rico
Apartment 503 is located on the fifth floor of the First Plaza 254 Condominium at Calle de Diego 254, Río Piedras, San Juan. The unit measures 985.43 square feet (91.60 square meters). Boundaries: north 41 feet with exterior condominium elements, south 36 feet with apartment 502 and access hallway, east 25 feet 5 inches with exterior condominium elements, west 25 feet 10 inches with apartment 504 and access hallway. The unit has three bedrooms with closets, two bathrooms, kitchen, and living area. Main entrance faces south. Includes 2.68% interest in general common elements and 27.89% in limited common elements, plus one single parking space (8 feet by 18 feet) marked with the apartment number. Recorded at folio 55, volume 1,534 of Río Piedras Norte, finca 41,014, Property Registry of Puerto Rico, Section II of San Juan.
| Round | Date | Time | Price | vs last sale | Status |
|---|---|---|---|---|---|
First auction | Sep 22, 2026 | 10:00 AM | $65,250 | −40% | current round |
Second auction | Sep 29, 2026 | 10:00 AM | $43,500 | −60% | upcoming |
Third auction | Oct 6, 2026 | 10:00 AM | $32,625 | −70% | upcoming |
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View pricingThis sample combines multiple recorded sources, including any likely auction transfer inferred from a public record dated within nine months after a scheduled auction. Transactions below $25,000 are excluded from market statistics. Directional confidence. Use this sample as market context. It is not a complete sales ledger. Sample refreshed Jul 2026.