Park Place is a high rise Bosa building in downtown's Marina District.
This is the third showing on the list for Park Place.
Park Place is one of downtown's premier buildings in one of the best neighborhoods so this should give you a pretty good indication of the price peformance of higher end units since 2004.
Type: Closed Sale
Resale Price: $800,000
Cost: $850,000
Loss@6% Sales Expenses: $98,000
Loss%: 11.53%
Resale Date: 08/11/2006
Purchase Date: 10/28/2004
Holding Period: 22 months
Bedrooms: 2
Bathrooms: 2
Square Feet: 1227
Purchase Details: view
Resale Details: view
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3 comments:
Seeing losses on properties purchased in 2004 is pretty significant. It means the drop is just that much more. It'll be interesting to see if the prices drop all the way to 2001 levels.
Logically, it should drop back to 2001 levels plus 3% annual inflation.
If the property was purchased in 2005 instead of 2004, the loss would be even more.
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