Saturday, April 07, 2007

Downtown Condo at Treo #805

This unit at Treo is listed below its last sale price from almost three years ago.

Type: Listed on MLS(#076013055)

List Price: $480,000
(Range priced $465,000 to $495,000)
Cost: $515,000
Loss@6% Sales Expenses: $63,800
Loss%: 12.39%

Purchase Date: 06/17/2004
Holding Period: 34 months and counting...

Bedrooms: 1
Bathrooms: 1
Square Feet: 871

Purchase Details: view


PL Willy said...

Mr. Brightside:
What do you think the rental value is on this unit? $1500 a month? This is another unit headed below $200,000 based on rental value?

Anonymous said...

I'd say maybe not this very same unit, but other units just like it in a couple of years. :)

Mark in San Diego said...

With county vacancy rates up, I would say downtown rents will be falling, not going up. A number of new rental properties will be on the market in a few months, putting increased pressure on pricing.