Based on the pictures and the late 2005 closing date this condo has never been lived in. This is also interesting as most of examples of price decline are units purchased from flippers who bought from the developers. This unit was only changed hands once.
The loss figure below does not include negative cash flow, cost of staging and also assumes an unlikely full price offer.
Resale Price: $385,000
Loss@6% Sales Expenses: $19,300
Square Feet: 716
Purchase Date: 10/25/2005
Holding Period: 9 months and counting...
Purchase Details: view