Another $100,000+ Loss on Downtown Condo at City Walk #320

City Walk was built in 2003 and is downtown's Marina District.

This may have been flipper unit as the property was relisted nine months after the closing. Below is the price cuts that the unit has undergone.

Price Reduced: 12/14/05 -- $860,000 to $839,500
Price Reduced: 03/21/06 -- $839,500 to $819,500
Price Reduced: 04/24/06 -- $819,500 to $795,000
Price Reduced: 06/21/06 -- $795,000 to $765,000
Price Reduced: 07/17/06 -- $765,000 to $750,000

Type: Listed on MLS(#050071897 )

Resale Price: $750,000
Cost: $810,000

Loss@6% Sales Expenses: $105,000
Loss%: 12.96%

Purchase Date: 02/24/2005

Holding Period: 18 months and counting...
Bedrooms: 2
Bathrooms: 2
Square Feet: 1332

Purchase Details: view