Friday, July 21, 2006

First Loss at the Downtown Condo Tower The Grande #1603

Here's the first known loss at The Grande, this unit is in the South tower as has changed hands three times. The second buyer lost $84,380 on the unit.

Resale Price: $573,000
Cost: $623,000

Loss@6% Sales Expenses: $84,380
Percentage Loss: 13.5%

Resale Date: 5/5/2006
Purchase Date: 12/13/2004
Holding Period: 1.40 Years

Cost Details: view
Sale Details: view

1 comment:

Anonymous said...

I actually would have assumed this building to have gone negative sooner. It is so over the top expensive and there isn't much you can walk to around it.