Sunday, May 20, 2007

$100K Plus Loss on Downtown Condo at Metrome #305

Metrome is in the East Village/Ball Park District. This development sold a lot of units at the market high which has lead to a fair number of losses at the complex.

This large one bedroom unit is listed well below the developer price from 2005.

Type: Listed on MLS(#078035143)

List Price: $425,000
(Range priced $400,000 to $450,000)
Cost: $510,700
Loss@6% Sales Expenses: $111,200
Loss%: 21.77%

Purchase Date: 08/26/2005
Holding Period: 21 months and counting...

Bedrooms: 1
Bathrooms: 1
Square Feet: 994

Purchase Details: view


Anonymous said...

At $402/sf, it's still way overpriced. Glad to see the flippers loose their asses.

Anonymous said...

$100k loss!!! Gee that's a bummer. Well, at least it's funny.

Anonymous said...

gone from MLS.. i wonder what it closed @