The Mills is located on Cortez Hill, it was designed and developed as rental apartments but was converted into condominiums almost at the exact high in the market.
I used to watch people queue up on Saturday mornings for the various sales phases. At this point every single property at this project is probably underwater relative to original developer cost. While the Mills is low grade housing the studios there like this property have the distinction of being the worst design of any condos built during the large development wave. This is all in my opinion of course but if you've seen these unit you'll probably agree.
Type: Listed on MLS(#066098986)
List Price: $239,000
Loss@6% Sales Expenses: $70,840
Purchase Date: 08/19/2004
Holding Period: 28 months and counting...
Square Feet: 450
Purchase Details: view