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
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3 comments:
Are you assuming the resale price is just the middle of the asking range?
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.
A Notice of Default was filed against the property on 5/19/06.
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