This Mission Valley condo is an example of a major value reduction from its last sale in 2004. The sales history shows a sale in June of 2003 for more than the low end of this range priced listing. It's quite expected for a basic condominium like this one to depreciate fairly quickly as the rent versus buy analysis is very easy to apply to a small one bedroom condominium in a non-premium location.
Thanks to Chris for pointing this property out via email
Type: Listed on MLS(#076003679)
List Price: $182,938
(Range priced $150,000 to $215,876)
Loss@6% Sales Expenses: $86,538
Purchase Date: 08/03/2004
Holding Period: 30 months and counting...
Square Feet: 667
Purchase Details: view