Sunday, October 15, 2006

Downtown Condo at Diamond Terrace #607

Diamond Terrace is in the Ballpark District near Petco Park.

This small studio has lost $50,000+ in just on year and is listed as a short sale on the MLS. A short sale in the real estate market is defined as a sale that is taking place for less than what is currently owed. The bank ends up park of the sales process as it will be taking a loss at closing and has to agree to the sales price.

Type: Listed on MLS(#068080946)

Resale Price: $295,450
(Range priced $285,000 to $305,900)
Cost: $329,000

Loss@6% Sales Expenses: $51,277
Loss%: 15.59%

Purchase Date: 12/19/2005
Holding Period: 10 months and counting...

Bedrooms: Studio
Bathrooms: 1
Square Feet: 467

Purchase Details: view

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