Thursday, February 01, 2007

Hillcrest Condo at The Egyptian #409

The Egyptian is a recent condominium community located in Hillcrest on the border with North Park in the old Egyptian theater.

This is the second Egyptian condominium to make this list as unit #410 is also listed at a loss. This development was built by Citimark which puts out an excellent product so this loss is pretty much market forces driven.

Type: Listed on MLS(#066095991)

List Price: $559,000
(Range priced $549,000 to $569,000)
Cost: $617,539
Loss@6% Sales Expenses: $92,079
Loss%: 14.91%

Purchase Date: 07/19/2005
Holding Period: 19 months and counting...

Bedrooms: 2
Bathrooms: 2
Square Feet: 1431

Purchase Details: view


Anonymous said...

This guy is clearly a flipper. Kinda fun to see the flippers go flop.

Anonymous said...

$505/month HOA...ouch.

Anonymous said...

anon 12:29,

How is it clear this guy is a flipper? He held the property 19 months. Maybe a job transfer? Divorce?