This older Clairemont Mesa condominium is listed on Foreclosure.com 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!
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2 comments:
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%.
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.
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