Saturday, April 01, 2006

Palermo #339

Purchased on 5/25/2005 for $370,000 this unit is listed for $355,000

Assuming a sales price of $350,000, 6% transaction costs this unit nets a loss of $41,000

MLS Number: 066020896

Purchase History: view

The Mills #405

Currently for sale, MLS #066026210

Listed at $765,000

Purchased from the developer for $795,661 on 10/7/2004.

Based on the pictures on Zip Realty the unit is vacant. Since I live downtown I observed this unit for rent for a long time so let's assume it's been vacant for almost two years.

Simply based on a sales price of $760,000, 6% sales costs the loss for the unit not including mortgage, hoa and taxes is $81,000.

Purchase Details: view

Welcome to my blog

This blog has been created as a place to monitor price or value losses for San Diego properties and focuses on downtown San Diego.


Mr. Brightside