Saturday, August 26, 2006

Flipper Couple takes Double Loss on Downtown Condos at Portico #505

Same exact story as Portico unit #406 except this unit cost more so the loss is bigger.

As noted in the #406 entry my records show that this and unit #505 are owned by the same couple.

Type: Listed on MLS(#068068385)

Resale Price: $335,000
Cost: $375,000

Loss@6% Sales Expenses: $60,100
Loss%: 16.03%

Purchase Date: 03/28/2005
Holding Period: 17 months and counting...

Bedrooms: 1
Bathrooms: 1
Square Feet: 728

Purchase Details: view


Sven said...

I got one for you Brightside. This one is a REO foreclosure (so it's the bank losing the money, not the individuals, who might be in bankruptsy now). It was purchased last year for $365,000, and it is being listed right now by the bank for $299,900.

Address is: 5170 Clairemont Mesa Blvd #2

Anonymous said...

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