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850 Beech St #105


San Diego, CA  92101
General Info
Area:   Downtown Real Estate
Neighborhood:  Cortez Hill
Community:  Discovery
Zoning:  Single Family Residential
Use:  Condominium
Parcel Number:  5340241705
Sales History
DatePriceHeldReturnAnnual
02/10/2010$367,0005y 1m-38%-9%
01/05/2005$589,0002y 3m35%14%
10/02/2002$435,000n/a-   -   
Additional Resources
Nearby Homes For Sale
AddressPrice
Smart Corner #204$141,000   
Aloft on Cortez Hill #518$415,990   
Aria$490,000   
Aloft on Cortez Hill #442$344,990   
Smart Corner$317,000   
Vantage Pointe #224$493,000   
Cortez Blu #202$335,000   
Smart Corner #817$232,000   
Smart Corner #416$319,900   
Smart Corner #1316$360,000   
Smart Corner #1307$380,000   
Smart Corner$170,000   
Alta #2006$977,000   
1047 5th Ave #1805$999,900   
Solara Lofts #507$349,900   

Nearby Properties
AddressSales DatePrice
1568 9th Aven/an/a
850 Beech St #1013/27/2006$800,000
850 Beech St #1027/23/2002$435,000
850 Beech St #1038/22/2002$395,000
850 Beech St #1043/7/2007$600,000
850 Beech St #2017/3/2003$349,500
850 Beech St #2021/12/2005$435,000
850 Beech St #2035/26/2004$612,000
850 Beech St #2047/12/2002$299,009
850 Beech St #2056/14/2004$550,000
Tax Assessment
Land Value:  $147,900
Improvement Value:  $452,880
Net Value:  $600,780
Est Property Tax:  $7,510
Media

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 Discussion

Anonymous 10/16/2007 8:44:14 PMReply

List Price: $569,888 to $599,888
MLS#: 076065683

See comment by Smith for #211.
 
Anonymous 10/16/2007 8:53:04 PMReply

Here's the link over to unit 211.
 
Brian 11/13/2007 2:26:08 PMReply

List Price: $539,888 to $579,888
MLS#: 076065683

I don't think this place will sell unit we get closer to 2002 prices.
 
Brian 1/26/2008 11:40:21 AMReply

First installment of property taxes in the amount of $3,730.38 is defaulted.

Look for the NOD and eventual foreclosure.

List Price: $469,888 to $499,888
MLS#: 076065683
 
Brian 4/14/2008 11:00:32 AMReply

List Price: $439,888 to $479,888
MLS#: 076065683

Buy and hold for the long term, they said. You'll never lose.

3-years of "investing in your future" and paying "ownership premiums" and what do you get? $150k loss + transactions costs + lost opportunity costs.

The April 10th installment of taxes has not been paid either. Total taxes in defaults are now $7,470.76.

 
jakob 4/14/2008 11:13:55 AMReply

Brian, what happens to unpaid taxes on a sale? Is the new owner now responsible?
 
Brian 4/14/2008 12:30:59 PMReply

Jakob, property taxes are specific liens against the property and are first priority. They get paid even before the banks who hold the notes get paid.
 
Brian 4/14/2008 12:32:38 PMReply

This listing is very interesting because it may be the first at Discovery to go below the original "amazing-once-in-a-lifetime-never-to-drop-below" price offered by the developer.
 
GThatch 10/7/2008 8:45:54 AMReply

Now below Bosa's 2002 sales price.

Brian - nice call
 
Brian 10/30/2008 1:15:15 PMReply

List Price: $408,000 to $428,888
MLS#: 076065683
 
Brian 11/6/2008 1:05:16 PMReply

List Price: $398,000 to $418,888
MLS#: 076065683
 
Brian 11/13/2008 8:41:56 PMReply

List Price: $388,000 to $408,888
MLS#: 076065683
 
surferX 2/10/2009 8:19:00 PMReply

talk about chasing the market down
Price Reduced: 11/26/2008 from $378,000-$398,888 to $368,000-$388,888
Price Reduced: 11/20/2008 from $388,000-$408,888 to $378,000-$398,888
Price Reduced: 11/13/2008 from $398,000-$418,888 to $388,000-$408,888
Price Reduced: 11/06/2008 from $408,000-$428,888 to $398,000-$418,888
Price Reduced: 10/30/2008 from $428,888-$448,888 to $408,000-$428,888
Price Reduced: 10/09/2008 from $430,888-$450,888 to $428,888-$448,888
Price Reduced: 10/06/2008 from $439,888-$479,888 to $430,888-$450,888
Price Reduced: 01/29/2008 from $469,888-$499,888 to $439,888-$479,888
Price Reduced: 01/23/2008 from $479,888-$529,888 to $469,888-$499,888
Price Reduced: 01/15/2008 from $519,888-$559,888 to $479,888-$529,888
Price Reduced: 01/08/2008 from $529,888-$569,888 to $519,888-$559,888
Price Reduced: 12/26/2007 from $539,888-$579,888 to $529,888-$569,888
Price Reduced: 11/07/2007 from $559,888-$589,888 to $539,888-$579,888
Price Reduced: 10/20/2007 from $569,888-$599,888 to $559,888-$589,888
Price Reduced: 09/15/2007 from $580,888-$620,888 to $569,888-$599,888
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