Wednesday, May 02, 2007

Downtown Condo at Union Square #3207

Union Square is in the East Village. It's a relatively nondescript complex in the rougher part of East Village. There was a lot of flipping going on when the complex was complete so there are likely to be a lot of units that are now underwater. This unit is listed below its last sale price from January 2005.

Type: Listed on MLS(#076023998)

List Price: $439,000
(Range priced $439,000 to $439,000)
Cost: $470,000
Loss@6% Sales Expenses: $57,340
Loss%: 12.20%

Purchase Date: 01/19/2005
Holding Period: 28 months and counting...

Bedrooms: 2
Bathrooms: 2
Square Feet: 1061

Purchase Details: view


2 comments:

Anonymous said...

union square was cheap when it was sold , that particular unit probably sold new for 290k. then some sucker paid 470k....haha.

Blue Cross San Diego said...

Wow, that's a big loss. Is it still for sale?