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Subject: electra #1802

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Author Messages
ScottSD
Posts:162

06/11/2008 4:12 PM Alert 
seriously.  what a clown.  look at the price history.


 http://www.sdlookup.com/MLS-086023202-700_W_E_St_1802_San_Diego_Ca_92101

"Best offer over $789,000 good until 06/15/08."


i remember when it was best offer over $814,000 good until june 1st.  his attempt to make this seem like an exciting opportunity has clearly failed.  why would anyone buy now when he's just going to drop the price again tomorrow?
92101Resident
Posts:140

06/11/2008 7:59 PM Alert 
It's a beautiful unit but still way overpriced so perhaps a few more "major" price reductions and then it might be worth looking at! We are somewhat looking for a place in 92103 & 92101 so frankly I want it but only if the rent Vs purchase makes good sense!
ScottSD
Posts:162

06/11/2008 9:07 PM Alert 
few buildings in 92101 will come close to making sense in that regard. at least few buildings worth living in. discovery, cortez blu, aria, parkloft. you can get a unit in all of those for low 300's ppsf if you do a little digging. and they're all well built and very nice. though of course each his its issues (no amenities in cortez blu, litigation at parkloft, etc).
LanaY
Posts:4

06/11/2008 9:58 PM Alert 
This is really ridiculous :)

Price Reduced: 06/04/2008 from $814,000 to $811,000
Price Reduced: 05/29/2008 from $815,000 to $814,000
Price Reduced: 05/27/2008 from $816,000 to $815,000
Price Reduced: 05/27/2008 from $817,000 to $816,000
Price Reduced: 05/25/2008 from $818,000 to $817,000
Price Reduced: 05/23/2008 from $819,000 to $818,000
Price Reduced: 05/22/2008 from $820,000 to $819,000
Price Reduced: 05/21/2008 from $821,000 to $820,000
Price Reduced: 05/20/2008 from $822,000 to $821,000
Price Reduced: 05/19/2008 from $823,000 to $822,000
Price Reduced: 05/17/2008 from $825,000 to $823,000
Price Reduced: 05/15/2008 from $826,000 to $825,000
Price Reduced: 05/14/2008 from $827,000 to $826,000
Price Reduced: 05/01/2008 from $847,000 to $827,000
Price Reduced: 04/12/2008 from $865,000 to $847,000
[b] [/b][b] [/b]
wilson
Posts:538

06/11/2008 10:22 PM Alert 
i plan to make a full-price offer in 800 weeks.
jeff
Posts:27

06/12/2008 1:14 PM Alert 
50+ Electra units for sale, and just 6 have closed in all of 2008. Ouch!

The seller might try including more than just one picture of the actual unit - the rest are just pictures of the common areas.
coqui74
Posts:17

06/12/2008 3:52 PM Alert 
Oy - and $730 assoc fees?
Brian
Posts:2210

06/14/2008 11:17 AM Alert 
I expect #1802 to be the first foreclosure at Electra.
List: $799,000

Minimum Loss = $44,200
+ 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.

Here's the sales history for #1802.

Parcel Number: 533-532-10-74
Property Location: 700- E ST WEST #1802
Purchase Price: $843200
Living Area: 1215
Bedrooms: 2
Bathrooms: 2
Document Date: 1-17-2008
Brian
Posts:2210

07/12/2008 9:11 AM Alert 
Now off the market. If they can't sell in the summer, they won't be able to sell this winter.

Status: Not Active
Price: $799,000 to $789,000
MLS#: 086023202
Days on Market: Not active
Listed: 03/27/2008

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 Forums  >  Condominium Communities  >  Electra  >  electra #1802
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