Thursday, September 07, 2006

Downtown Condo at City Walk #423

The MLS listing markets this listing as a "Short sale!" which in the real estate business means the property is selling for less than is owed on it.

It's interesting to note that the property was originally purchased from the developer from $415,456 in February 2003.

City Walk is located in the Marina District downtown and is a low rise building, it's only a few years old.

Type: Listed on MLS(#066076942)

Resale Price: $612,500
(Range priced $575,000 to $650,000)
Cost: $650,000

Loss@6% Sales Expenses: $74,250
Loss%: 11.42%

Purchase Date: 06/13/2005
Holding Period: 15 months and counting...

Bedrooms: 1
Bathrooms: 1
Square Feet: 1330

Purchase Details: view

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