Thursday, September 28, 2006

Yet another Downtown Condo at Acqua Vista #105

Here's another unit at Acqua Vista that's listed for a loss. This is a new listing so again it's interesting that people are coming out with their first price that's less than they paid. This is the only practical approach if you need to sell.

For new readers of this blog Acqua Vista is a newer building in downtown's Little Italy neighborhood. It was developed as a rental property and was converted into condos before the building was completed.

Type: Listed on MLS(#066082919 )

Resale Price: $555,777
(Range priced $530,777 to $580,777)
Cost: $594,000

Loss@6% Sales Expenses: $71,570
Loss%: 12.05%

Purchase Date: 10/14/2005
Holding Period: 11 months and counting...

Purchase Details: view

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