Tuesday, December 19, 2006

Luxury Downtown Condo at Harbor Club #2304

Harbor Club is a twin tower development in the Marina District on the border with the Gaslamp Quarter. This project is often referenced as the one that was developed and ended up vacant with condos sold at auction during the last real estate market downturn.

This unit has recently endured a price cut which has generated a large loss.

Type: Listed on MLS(#066064731)

List Price: $1,399,000

Cost: $1,490,000
Loss@6% Sales Expenses: $174,940
Loss%: 11.74%

Purchase Date: 12/22/2005
Holding Period: 12 months and counting...

Bedrooms: 2
Bathrooms: 2
Square Feet: 1572

Purchase Details: view

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