Friday, July 21, 2006

Downtown Condo Sells for less than 2004 Value - Marina Park #425

This is a fairly old complex in the Marina District. Since the units are quite old I suspect that the unit was upgraded before the losing resale. I can't confirm this speculation however. This unit is very noteable as the resale price is LESS than what the property sold of in September 2004.

Resale Price: $560,000
Cost: $609,000
Loss@6% Sales Expenses: $82,600

Resale Date: 05/26/2006
Purchase Date: 09/24/2004
Holding Period: 20 months

Purchase Details: view

Resale Details: view

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