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Brian
Posts:2210
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| 07/18/2008 2:13 PM |
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RE #1603
1) The public records show that it's owned by a biotech executive.
2) He might be getting deployed... But that's not the reason he's selling.
3) #1603 was originally immediately listed for sale at $969,000 after the owner closed on the purchase back on 01/16/2008. It looks like the millionaires at Electra don't have that much staying power after all. It's only been 6 months so the prices are tumbling faster than I expected.
4) The decor of this unit is cheesy Realtor staging. Not the home of a military officer.
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Brian
Posts:2210
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| 07/20/2008 11:25 AM |
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#4303 Running out of wherewithal?
Looks like a good deal for the 43rd floor. But I think that prices will drop so more.
MLS#: 088033058
Days on Market: 76
Listed: 05/05/2008
MLS-088033058-700_W_E_St_4303_San_Diego_Ca_92101
Listing Price Changes
Price Reduced: 07/20/2008 from $1,599,900-$1,999,900 to $1,499,900-$1,999,900
Price Reduced: 07/14/2008 from $1,999,900-$2,149,900 to $1,599,900-$1,999,900
Parcel Number: 533-532-12-57
Property Location: 700- E ST WEST #4303
Purchase Price: $1360500
Living Area: 1590
Bedrooms: 2
Bathrooms: 2
Document Date: 4-21-2008
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Brian
Posts:2210
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Brian
Posts:2210
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Brian
Posts:2210
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Brian
Posts:2210
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| 07/21/2008 1:24 PM |
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It's interesting that #1804's listing at $895,000, is clearly turning #1704 into a knife catcher.
That put #1704 (inferior unit, 1 floor below) under water.
Parcel Number: 533-532-10-70
Property Location: 700- E ST WEST #1704
Purchase Price: $898179
Living Area: 1488
Bedrooms: 2
Bathrooms: 2
Document Date: 2-29-2008
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#1404, purchase at $863,451 on 01/25/08 is going underwater soon.
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Brian
Posts:2210
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| 07/21/2008 1:32 PM |
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#1804, at $895,000 also submerges the listing of #1004 at $925,000.
#1004 might as well give up.
MLS-086006069-700_W_E_St_1004_San_Diego_Ca_92101
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It's a dog eat dog world out there. The seller are jumping ship and undercutting each other. And Bosa is undercutting the flippers.
What kind of building will be left in this free for all?
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Brian
Posts:2210
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92101Resident
Posts:140
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| 07/21/2008 1:50 PM |
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Posted By Brian on 07/21/2008 1:32 PM #1804, at $895,000 also submerges the listing of #1004 at $925,000. #1004 might as well give up.
MLS-086006069-700_W_E_St_1004_San_Diego_Ca_92101----------- It's a dog eat dog world out there. The seller are jumping ship and undercutting each other. And Bosa is undercutting the flippers. What kind of building will be left in this free for all?
This seller paid $719K for the unit and are now trying to sell for $899K.
I think that the asking price is very out of line but what would you (Brian) do if you owned this unit? just let it go back to the bank?
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Brian
Posts:2210
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| 07/21/2008 2:03 PM |
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92101Resident, in light of #1804 listing for $895,000, #1004 has no choice but to lower the price to something like $799,000 if they really want to sell now and get out unscathed. That will give still give them a cushion to cover the transaction and carrying costs.
Otherwise, #1004 might just be chasing the market down and down.
In depends what #1004 wherewithal is. How much cash in the bank do they have? How many other investment properties they have? How much do they need the profits from this unit?
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Brian
Posts:2210
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| 07/21/2008 2:28 PM |
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#4203. Huge price catcher at Electra. There's one born everyday.
Parcel Number: 533-532-12-54
Property Location: 700- E ST WEST #4203
Purchase Price: $1825000
Living Area: 1590
Bedrooms: 2
Bathrooms: 2
Document Date: 4-17-2008
Compare to #4303 (superior unit 1 floor above) now listed for $1,499,900-$1,999,900
MLS-088033058-700_W_E_St_4303_San_Diego_Ca_92101 |
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Brian
Posts:2210
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| 07/27/2008 9:45 PM |
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Posted By Brian on 05/24/2008 2:39 PM Goingup? I'll be watching the foreclosure list to see which one of our privileged millionaire buyers end up getting their "pride" repossessed. #2503 List Price: $925,000 Purchase: $1,051,500 closed 1/29/28 Minimum loss = $126,500 + 4 years of opportunity lost on 15% deposit + transaction costs + carrying costs = Pride of ownership + bragging rights to a losing investment..... And you don't even get to live in it.
MLS-086008246-700_W_E_St_2503_San_Diego_CA_92101
Look at the price reduction. Will this one be the first foreclosure?
I smell desperation at Electra.
Price Reduced: 07/27/2008 from $925,000-$895,000 to $800,000-$875,000
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GThatch
Posts:18
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| 07/29/2008 11:21 AM |
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Unit 1205
The listing recently expired upon reaching 180 days. Now it's back on the market with the DOM odometer magically reset to zero. Another realtor with zero ethics who I wouldn't trust to feed my dog, let alone sell my property.
The funny thing is that they are leaving the list price at $669,000, when Unit 1705 (same floor plan) closed a few weeks ago for $619,000.
Another seller/realtor whose integrity matches their level of intelligence. |
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Brian
Posts:2210
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| 07/29/2008 1:30 PM |
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Here's the link to #1205. Let's monitor the progress.
Listed $669,000
Puchased: $569,500
700_W_E_St_1205_San_Diego_Ca_92101
http://www.sandiegometro.com/2001/mar/booze.html
Big City Chefs, a new food service company in town, is out to make staying home almost like an evening out. The company sends professionally trained chefs into the kitchens of busy executives, professional athletes, those with special dietary needs and just plain ol' folk who deserve a break and want a little pampering. The brainchild of two college buddies from Berkeley, David Fischbein and Tom Stiebner, Big City Chefs plans on taking the concept nationwide once the San Diego operation is well under way.
Here's how it works; qualified chefs with either cooking school or three years' professional experience are interviewed, accepted and insured by Big City. They are outfitted with business cards, food containers, labels and access to the Big City Web site which will be interactive so that chefs can manage their clients and accounts online. They are then matched with clients, who also have been prequalified by Big City.
Cooking preferences, location and client load factor into the pairings. Clients can choose from menu selections predesigned by the chef or create their own. The chef will do all the shopping and then use his or her own equipment to cook dishes for anything from an evening dinner party to enough freezable entrées for two weeks.
The best part is that when all the cooking is done, the chef does all the dishes and promises to leave the kitchen spotless. For more information, call (866) 321-CHEF or click on www.bigcitychefs.com.
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Brian
Posts:2210
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| 08/02/2008 9:29 PM |
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#1905 is another domino to fall.
Description
Bom, just fell out of escrow. 19th floor, east-facing, city view with some coronado bridge water view from balcony. Bamboo flooring throughout, including both bedrooms. Owner is a licensed real estate agent. Please no high heels.
http://www.sdlookup.com/MLS-086028355-700_W_E_St_1905_San_Diego_Ca_92101
Parcel Number: 533-532-11-05
Property Location: 700- E ST WEST #1905
Purchase Price: $674400
Living Area: 1161
Bedrooms: 2
Bathrooms: 2
Document Date: 4-15-2008
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GThatch
Posts:18
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| 08/03/2008 9:14 PM |
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Brian -
How do you find the owners of a property? I can only find the sales data on the SD recorder's website.
thanks |
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Brian
Posts:2210
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| 08/05/2008 10:34 AM |
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Posted By Brian on 07/20/2008 11:25 AM #4303 Running out of wherewithal? Looks like a good deal for the 43rd floor. But I think that prices will drop so more. MLS#: 088033058 Days on Market: 76 Listed: 05/05/2008
MLS-088033058-700_W_E_St_4303_San_Diego_Ca_92101Listing Price Changes Price Reduced: 07/20/2008 from $1,599,900-$1,999,900 to $1,499,900-$1,999,900 Price Reduced: 07/14/2008 from $1,999,900-$2,149,900 to $1,599,900-$1,999,900 Parcel Number: 533-532-12-57 Property Location: 700- E ST WEST #4303 Purchase Price: $1360500 Living Area: 1590 Bedrooms: 2 Bathrooms: 2 Document Date: 4-21-2008
Now off the market after a reduction. $1,499,900 to $1,899,900.
When will it come back again?
It looks like this flipper is another case of had-to-buy-to-protect-the-15%-deposit.
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Brian
Posts:2210
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| 08/05/2008 1:58 PM |
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#4303 is back on the market the same day it was pulled off, with the same broker (Mc Millin Realty).
Price: $1,499,900 to $1,899,900
Reset DOM.
MLS#: 080054667
Days on Market: 0
Listed: 08/05/2008
MLS-080054667-700_W_E_St_4303_San_Diego_Ca_92101
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CaliforniaDreamin'
Posts:2
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| 08/05/2008 5:32 PM |
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| What ppsf would consitute a fair purchase offer? |
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Brian
Posts:2210
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| 08/06/2008 5:12 PM |
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Posted By Brian on 06/19/2008 12:51 PM Update on #3703 " Priced to reflect seller's motivation" I guess that 2004 Bosa price for the few and the proud was not so amazing after all. Will this unit become an REO? Time will tell. list: $1,185,000 Minimum Loss: $44,900 + 4 years of opportunity lost on 15% deposit + transaction costs + carrying costs = Pride of ownership + bragging rights to a losing investment..... And you don't even get to live in it.
http://www.sdlookup.com/MLS-080041087-700_W_E_St_3703_San_Diego_Ca_92101Parcel Number: 533-532-12-33 Property Location: 700- E ST WEST #3703 Purchase Price: $1229900 Living Area: 1389 Bedrooms: 2 Bathrooms: 2 Document Date: 2-29-2008
Reduced to $1,160,000
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