Discovery is a 199 unit high rise condominium in the Cortez Hill neighborhood downtown.
On the one hand this entry is "only" a $40,000 loss however this unit happens to be a very good comparable to the Cortez Blu unit featured in this entry.
Both units have only one parking spot, don't have a view (if anything the Cortez Blu unit has a slight view). Discovery does have nice amenities so let's be fair and give it a 10% price advantage.
As noted in the prior entry the Cortez Blu unit was offered at $350 a square foot. At $385 per square foot this Discovery unit is worth $473,500! Clearly a substantial discount to the unit's current list price.
Type: Listed on MLS(#066061752)
Resale Price: $595,000
Loss@6% Sales Expenses: $40,700
Purchase Date: 08/30/2004
Holding Period: 25 months and counting...
Square Feet: 1230