Friday, December 08, 2006

Downtown Condo at doma #111

Doma is a CityMark building on Kettner Boulevard in Little Italy.

This large luxury unit is listed as a corporate relocation on the MLS. This probably indicates that some or all of the loss is being taken by a large company rather than the individual that purchased the unit. This is a good example of how some property will be for sale regardless of market conditions.

List Price History:
Price Reduced: 08/23/06 -- $769,900 to $749,900
Price Reduced: 09/26/06 -- $749,900 to $699,900

Type: Listed on MLS(#061053971)

List Price: $699,000
Cost: $797,500
Loss@6% Sales Expenses: $140,440
Loss%: 17.61%

Purchase Date: 09/22/2006
Holding Period: 3 months and counting...

Bedrooms: 2
Bathrooms: 2
Square Feet: 1754

Purchase Details: view


Sven said...

Hey Brightside, I figured you would want this listing. I only cover PB in my blog, so I didnt want to include it.

6552 Avenida Wilfredo, La Jolla, CA 92037

Very nice, 10k sqft lot in La Jolla with a beautiful 3 bdrm house on it was purchase and later sold this year for a reasonable loss (Which grows substantially with holding costs and a commission).

Mr. Brightside said...

Thanks sven,

I'll keep an eye out for the sales data to come across. It's not on or the county website yet.

What is your blog address? I don't think I've ever seen it.

Sven said...


Sdlookup and the assessors site don't have this updated yet, but zillow does.

11/17/2006: $1,805,000
04/21/2006: $1,850,000

So much for the theory that only the cheaper places are losing equity.