Payday loan business owner buys in Ft. Lauderdale

Edgar G. Santos-Hill bought a two-bedroom, one bath at 1205 SE 11th St. in Fort Lauderdale for $615,000 from Michael Metz on March 13.

Metz paid $645,000 for the property in Aug. 2005.

The 1,853-square-foot home, which was built in 1968, was listed for as high as $674,000.

Santos-Hill founded and managed Calima Financial, a Fort Lauderdale based payday loan business.

The property is located in the Rio Vista community, which has roughly 1,000 homes and is next to downtown Fort Lauderdale.

Home sales in Fort Lauderdale are down 39 percent so far this year. The median sales price is also down, going from $342,000 in 2007, to $280,000 so far this year.

BlockShopper Metrics started tracking home sales in South Florida in 2001.

Address: 1205 SE 11th Street
Buyer(s): Edgar Santos-hill
Seller(s): Michael Metz
Sale date: 2008-03-13

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