Treo is a mid-level quality high rise condo in the Columbia District.
This example of our market in decline is yet another example of property selling for less than it was purchased for in 2004.
Type: Closed Sale
Resale Price: $800,000
Cost: $914,000
Loss@6% Sales Expenses: $162,000
Loss%: 17.72%
Resale Date: 06/08/2006
Purchase Date: 10/14/2004
Holding Period: 20 months
Bedrooms: 3
Bathrooms: 2
Square Feet: 1629
Purchase Details: view
Resale Details: view
Thanks goes out to downtown sideliner for helping to find this property
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4 comments:
I'd be really suprised if his remodel cost even 10k, nevermind the 160k more that he is trying to get for the unit. I think he's going to find out the hard way that prices aren't going in that direction.
what's the name of the sdg&e building with the condos on top? i saw a photo of it in San Diego magazine, and it looked stunning. Is it sold out, or vacant? any foreclosures yet?
PowaySeller: I thought those were rentals. I read a story about Sempra fixing those units up. (but nothing about them being sold)
PowaySeller, It's Electra and is sold out.
It won't be complete for another 1.5 years or so.
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