Monday, July 17, 2006

Downtown Condo at Acqua Vista #519

Purchased for $436,412 on 8/27/2004. This unit has been for sale for almost a year. This is the second known unit at Acqua Vista to go negative. I do think that at this point in the market virtually the entire complex is worth less or barely breakeven compared to where the units originally sold.

Current Price: $424,000

Purchase Price: $436,412

Loss @6% Sales Expenses: $37,852

Purchase Date: 8/27/2004

MLS#: 054060443

Purchase details: view


Anonymous said...

I saw a couple of units at AV a year ago... They are horrible.

Mr. Brightside said...

I've been in AV numerous times, I'm always amazed at how low budget the building is - even crazier is that many of the buyers and their real estate professionals don't know that the building was intended to be rentals.