Monday, July 31, 2006

325 S Sierra Ave #38, Solana Beach, CA 92075

Solana Beach isn't immune to the price declines.

Thanks to an Anonymous poster for point this property out.

Resale Price: $750,000
(Range priced: $725,100 - $774,900)
Cost: $800,000

Loss@6% Sales Expenses: $95,000

Purchase Date: 09/08/2005
Loss%: 11.88%
Holding Period: 10 months and counting...

Bedrooms: 2
Bathrooms: 2
Square Feet: 1230

Purchase Details: view


Anonymous said...

Are you assuming the resale price is just the middle of the asking range?

Mr. Brightside said...

That is correct. Even if it sells at list, which is unlikely, it'll still have a substantial loss. I'll update this post when/if the unit sells.

Anonymous said...

A Notice of Default was filed against the property on 5/19/06.