Tuesday, December 12, 2006

Large Loss on Luxury Downtown Condo at ParkLoft #301

Parkloft is a mid-rise building one block from Petco Park in the East Village.

This unit has changed hands twice and is getting close to the original developer pricing of $629,900 from March 2003 based on the sales history at sdlookup.com

Type: Listed on MLS(#066095388)

List Price: $700,000

Cost: $800,000
Loss@6% Sales Expenses: $142,000
Loss%: 17.75%

Purchase Date: 06/10/2004
Holding Period: 30 months and counting...

Bedrooms: Loft
Bathrooms: 2
Square Feet: 1696

Purchase Details: view


Anonymous said...

Unforturally,the current condo market in that area of Petco Park, . when they had over developed the area, along with a copule of more (1,000 condos) which are on the planning board. Anybody that paid more than $400 per square foot, for the condo with no view, they have paid to much.

Anonymous said...

It's actually somewhat shocking to see the price retrace so close to what the first buyer paid back in 2003.

Thanks to Brightside and the SDLookup.com people for making this information come to light!

Anonymous said...

Check out this one. I don't think anyone ever lived there....