Readers of this site will be familiar with the Acqua Vista story; designed and built as rental grade housing, converted at the near top of the boom, units selling for less than orginal price.
The MLS listing describes this condo as having $40,000 in upgrades. The pictures verify this as the usually drab Acqua Vista kitchen has been upgraded and the unit has wood floors. The loss below does not include any upgrades, just dollars in dollars out assuming 6% sales expenses.
Type: Listed on MLS(#066057486)
Resale Price: $507,938
(Range priced $485,000 to $530,876)
Loss@6% Sales Expenses: $92,538
Purchase Date: 01/27/2005
Holding Period: 20 months and counting...
Square Feet: 938
Purchase Details: view