350 West Ash is a condominium project in downtown San Diego. It's an office building that was converted into condos.
This unit has already been resold. It was owned for slightly less than a year and assuming 6% cost to sell lead to a loss of $70,318 to the owner.
Resold Price: $380,000
Purchase Price: $427,518
Loss @6% Sales Expenses: $70,318
Resale Date: 5/31/2006
Purchase Date: 6/16/2005
Purchase Details: view
Resale Details: view
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2 comments:
I'm sure this person lost more than 16.44% as the unit was vacant for awhile as I live in the area and noticed it listed for sale.
Whoever bought it has torn up the floors, I wonder if they are making it retail space?
I will say that I enjoy the postings about actual properties. So often people are discussing aggregate numbers that are not very useful as it doesn't really prove anything other than maybe more luxury properties closed versus entry level units.
Reading about property bought in 2004 or 2005 that has sold for less in 2006 is as clear an indication I need that San Diego real estate is going down in value.
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