Saturday, April 28, 2007

Downtown Condo listed below 2003 pricing at Pacific Terrace #404

Pacific Terrace is located at the edge of the Marina District near the Gaslamp Quarter. It's a relatively small project.

This unit is range priced just below the orginal developer price and the first resale price from 2003 which is quite notable.

Type: Listed on MLS(#076033488)

List Price: $275,000
(Range priced $260,000 to $290,000)
Cost: $347,000
Loss@6% Sales Expenses: $88,500
Loss%: 25.50%

Purchase Date: 08/14/2003
Holding Period: 44 months and counting...

Bedrooms: 1
Bathrooms: 1
Square Feet: 606

Purchase Details: view

1 comment:

bub said...

A reassessment

Sagging market begins to affect property taxes


"Acqua Vista, a downtown condo tower, is one of several developments where assessor valuations on lower-floor units may be reduced."