Monday, January 29, 2007

Lender Owned Pacific Beach Condo - 4600 Lamont - The Plaza #314

This unit was built back in the 70s and has been on the market for awhile.

The price cut history shows a methodical price reduction from an optimistic price that was more than the unit last sold for in early 2004 to the current price. The sales history at sdlookup.com is also particularly interesting on this property.

Price Reduced: 09/27/06 -- $293,900 to $284,900
Price Reduced: 10/02/06 -- $284,900 to $279,900
Price Reduced: 10/24/06 -- $279,900 to $267,900
Price Reduced: 01/26/07 -- $267,900 to $249,900

Type: Listed on MLS(#066076476)

List Price: $249,900

Cost: $289,000
Loss@6% Sales Expenses: $54,094
Loss%: 18.72%

Purchase Date: 03/19/2004
Holding Period: 34 months and counting...

Bedrooms: 1
Bathrooms: 1
Square Feet: 653

Purchase Details: view

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