Saturday, April 01, 2006

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

1 comment:

Anonymous said...

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.