Thursday, July 3, 2014

The Georgekopoulos' at Nautilus Cove

July 7 update, additional Georgekopoulos units have come onto the market, as of tday:

$131,900 106 Cape Cod Dr MLS #: 621802
$124,900 1601 Cape Cod Dr MLS #: 621800
$116,600 306 Lighthouse Rd MLS #: 620922
$111,500 513 Lighthouse Rd MLS #: 621809

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The convoluted history of the Georgekopoulos purchases here at NCC is too long to do more than bump up the site an older post and update the info that the below 2 units are now back on the market as of 7/2/14


MLS#:  621800  #1601 CAPE COD DR THEODORE P GEORGEKOPOULOS  List Price:  $120,900

MLS#:  621802 #106 CAPE COD DR  THEODORE GEORGEKOPOULOS  List Price:  $131,900


If you want more info you can input the name GEORGEKOPOULOS into the sites white search bar at the top right of this site and it will bring up all references to that name.

Misc Info FYI:  In a May 15, 2014 ruling the Court of Appeals of Ohio, EIGHTH APPELLATE DISTRICT, COUNTY OF CUYAHOGA, reversed the earlier convictions of George Georgekopoulos, Pete Georgekopoulos, see:  http://www.supremecourt.ohio.gov/rod/docs/pdf/8/2014/2014-ohio-2049.pdf

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#1601 was sold 2/28/13 for $71,500 to Theodore Georgekopoulos. This unit is a 3/2 and was originally purchased by Joshua Simmons 2/5/07 for $169,900.  The current sale price is 43% of the original 2007 price.  Other than foreclosure sales the only other unit recorded as selling so far in 2013 was #708 (a 3/2) for $93,000 to the condo developer (at 56% of Original sale price), regular readers will be familiar with why the relatively high price was paid for #708.

The Georgekopoulos' own various other Bay County properties and at least one condo in Palm Harbor, Pinellas County, Florida, there Theodore Georgekopulos owns a condo he  purchased 6/1/05 for $191,600 from Palm Harbor Development, LLC.
The Georgekopoulos' now own 6 units at NCC under 2 personal names (George and Theodore) and one company name (Elite Enterprises - George Georgekopulos). The brothers George G and Pete G were in the news in Ohio last year for various gambling arrests, for details see: http://georgekopoulos.blogspot.com/  Last summer, shortly after the Ohio arrests, the 5 NCC units were all put up for sale, however, the prices were unrealistically high, none sold and now all have been removed from the Realtor's inventories.
Bay County Properties are:

1601 LIGHTHOUSE RD, NAUTILUS COVE CONDO
502 LIGHTHOUSE RD, NAUTILUS COVE CONDO
106 CAPE COD DR, NAUTILUS COVE CONDO
205 CAPE COD DR, NAUTILUS COVE CONDO
210 CAPE COD DR, NAUTILUS COVE CONDO
513 LIGHTHOUSE RD, NAUTILUS COVE CONDO
   (purchased under the name 'Elite Entertainment')
301 NAUTILUS ST, SEACLUSION BEACH
1505 FOSTER AVE, PANAMA CITY
17545 FRONT BEACH RD, 2305 EMERALD ISLE CONDO
308 KENTUCKY AVE, LYNN HAVEN
401 MISSOURI AVE, LYNN HAVEN

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Misc Info FYI:  

In a May 15, 2014 ruling the Court of Appeals of Ohio, EIGHTH APPELLATE DISTRICT, COUNTY OF CUYAHOGA, reversed the earlier convictions of George Georgekopoulos, and Pete Georgekopoulos.

 see:  http://www.supremecourt.ohio.gov/rod/docs/pdf/8/2014/2014-ohio-2049.pdf