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San Diego, CA 92101
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| General Info | | Location: San Diego > Downtown | | Neighborhood: Cortez Hill | | Community: Discovery | | Zoning: Single Family Residential | | Use: Condominium | | Parcel Number: 5340241805 | | Square Feet: n/a | | Bedrooms: n/a | | Bathrooms: n/a | | Tax Assesment | | Land Value: $105,000 | | Improvement Value: $315,000 | | Net Value: $420,000 | | Est Property Tax: $5,250 | |
| Sales History |
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| 09/15/2005 | $420,000 | 2y 9m | 53% | 16% | | 11/21/2002 | $275,000 | 3m | 38% | 211% | | 08/09/2002 | $199,000 | n/a | - | - |
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Nearby Properties |
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| 850 Beech St #214 | 5/13/2005 | $428,900 | | 850 Beech St #301 | 6/7/2007 | $425,000 | | 850 Beech St #302 | 3/30/2004 | $368,100 | | 850 Beech St #303 | 3/5/2004 | $500,000 | | 850 Beech St #304 | 4/28/2005 | $595,000 | | 850 Beech St #306 | 4/14/2006 | $519,000 | | 850 Beech St #307 | 9/9/2005 | $520,000 | | 850 Beech St #308 | 12/15/2004 | $560,000 | | 850 Beech St #309 | 8/10/2006 | $490,000 | | 850 Beech St #310 | 8/16/2002 | $259,000 |
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Nearby Listings For Sale |
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| 850 Beech St #615 | $370,000 | | 850 Beech St #105 | $368,000 to $388,888 | | 850 Beech St #212 | $222,500 | | 850 Beech St #403 | $470,000 | | 850 Beech #417 | $265,500 | | 1441 9th #1204 | $623,000 | | 850 Beech St #405 | $319,900 | | 850 Beech St #1206 | $530,000 | | 850 Beech #214 | $215,000 | | 850 Beech #2201 | $822,900 |
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| Downtown fan 3/5/2008 2:45:51 PM | Reply |
From the description: "Less expensive than paying rent at today's interest rates!".
hmmm... $300K mortgage at 5.5% is a monthly payment of $1700, plus HOA, which is not a tax deduction of $600/month = $2300 / month. This is before property taxes and insurance! Definitely not cheaper than renting a 1 br at Discovery.
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| | jeff 3/12/2008 10:30:48 AM | Reply |
Certainly a comp killer for this building. Current price 220-250k - almost half what was paid in 2005. | | | | Brian 4/14/2008 10:54:13 AM | Reply |
List Price: $323,000
MLS#: 088007871
3 years of investing in "ownership premiums" and still $100k loss after transaction costs. | | | | View this topic in the full forums to upload pictures and report abuse. |
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