Saturday, August 26, 2006

5170 Clairemont Mesa Blvd #2, San Diego 92117

This older Clairemont Mesa condominium is listed on as fully foreclosed.

This unit is currently owned by Wells Fargo which presumably was the lender on the property.

Type: Listed on MLS(#061055067)

Resale Price: $299,000
Cost: $365,000

Loss@6% Sales Expenses: $83,940
Loss%: 23.00%

Purchase Date: 04/19/2005
Holding Period: 16 months and counting...

Bedrooms: 2
Bathrooms: 2
Square Feet: 1058

Purchase Details: view

Thanks to Sven for finding this unit and posting it in the comments of another post!


Anonymous said...

I drove by this unit this morning. Judging from the outside appearance of the building and location, this condo would be fairly valued at between $140,000 and $160,000. I believe that condo conversions are currently overpriced by at least 30% and as much as 50%.

Anonymous said...

These are not condo conversions. They were originally built as condos, many of them updated. They are very nice and the building is in rather good shape. A reasonable price in todays market for these is right around $300,000.