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
Saturday, April 01, 2006
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I just looked this one up on the MLS, they must have dropped their price again, because I show it as a list price of $755,000. Also, this one pays $383/month in HOA fees. That's a lot of money down the drain as this one drops in value. Ouch.
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