La Vita is the tallest building in Little Italy and was completed right around the high in the market. The one bedrooms there are all virtually identical short of view and granite color which creates a nice situation for market watchers to gauge the value of these units.
This unit has generated a huge loss for a model one bedroom condo. I know there were several units like this that were flipped when the building was opened so I'm certain there are more distressed properties in La Vita.
Type: Listed on MLS(#078045642)
List Price: $362,250
Loss@6% Sales Expenses: $94,485
Purchase Date: 03/24/2006
Holding Period: 15 months and counting...
Square Feet: 706
Purchase Details: view