Thursday, July 05, 2007

Downtown Condo at Atria #422

Atria is the former 101 Market Street Apartments which was converted into condominiums by Hammer Ventures back in the boom days. I am not sure how involved Hammer is in the project at this point. I would imagine that many of their conversion projects are under significant financial stress.

This unit is listed below the developer price from about two years ago. It's a unique unit as there are not many three bedrooms downtown. That said for over $700,000 there much better values to be had in the downtown marketplace.

Type: Listed on MLS(#076051448)

List Price: $729,000

Cost: $762,080
Loss@6% Sales Expenses: $76,820
Loss%: 10.08%

Purchase Date: 09/22/2005
Holding Period: 22 months and counting...

Bedrooms: 3
Bathrooms: 3.5
Square Feet: 1496

Purchase Details: view

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