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525 11th Ave #1410


San Diego, CA  92101
General Info
Area:   Downtown Real Estate
Neighborhood:  East Village
Community:  Park Blvd West
Zoning:  Single Family Residential
Use:  Condominium
Parcel Number:  5351231350
Sales History
DatePriceHeldReturnAnnual
09/16/2004$363,890n/a-   -   
Additional Resources
Nearby Homes For Sale
AddressPrice
Hard Rock #634$175,000   
Smart Corner$317,000   
Icon #506$299,000   
Park Terrace$322,000   
Smart Corner #204$141,000   
Smart Corner #817$232,000   
Smart Corner #416$319,900   
Smart Corner #1316$360,000   
Smart Corner #1307$380,000   
Smart Corner #1809$170,000   
Park Terrace #607$295,000   
Smart Corner$219,000   
Park Terrace #1107$550,000   
Icon #341$389,000   
Gaslamp City Square$300,000   

Nearby Properties
AddressSales DatePrice
525 11th Ave #140512/23/2004$500,000
525 11th Ave #140612/7/2004$400,000
525 11th Ave #14079/17/2004$443,855
525 11th Ave #14087/13/2005$615,000
525 11th Ave #14099/10/2004$403,059
525 11th Ave #141111/28/2007$382,500
525 11th Ave #141211/4/2004$529,850
525 11th Ave #14149/10/2004$338,204
525 11th Ave #14162/14/2006$355,000
525 11th Ave #15019/10/2004$425,563
Tax Assessment
Land Value:  $112,200
Improvement Value:  $258,967
Net Value:  $371,167
Est Property Tax:  $4,640
Media

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 Discussion

EP 9/1/2007 2:34:23 PMReply

Nearly a twenty percent drop from the original developer price. It's only been on market for ~60 days and the seller writes, "Want it sold this week!" Nice poker face.
 
Smith 9/1/2007 3:04:36 PMReply

They should at least put some decent pictures up of the unit. I think I was in this one when the building first opened. I do like the DH Horton complexes as they seem pretty nice and were developed as condos. Incidentally the new place DH Horton has going into Hillcrest, I think it's called Atlas is starting to look very similar to Park Boulevard West. I do like the top floor lofts that they put into most of their projects.
 
EP 9/1/2007 4:44:43 PMReply

Have to agree about the pictures - shots of the trolley and the Gaslamp sign? I'd hate to imagine that the place looks worse than the now infamous http://www.sdlookup.com/Photos.aspx?plid=722185.

No matter how low some of these places go, until the HOA fees correct as well, I'd be hard pressed to stop renting.
 
Anonymous 9/1/2007 5:01:01 PMReply

You're right EP. You and me both. I'll keep on renting and banking the difference. If the ownership premium is $1000/month, that's $12,000 per year and growing for me.

Unless I can be reasonably be assured of $12,000 per year appreciation, I won't be buying.

Property taxes and HOA alone are $1000/month for any reasonably decent condo downtown. I have no problem renting and letting somebody else support my lifestyle. Let them have pride (and risks) of ownership.

 
Anonymous 9/1/2007 5:03:26 PMReply

List Price: $299,900
MLS#: 076054685

I'm willing to be bet that such a unit in this building will eventually go lower than $200k.
 
Anonymous 9/19/2007 2:55:00 PMReply

List Price: $299,900
MLS#: 076074358

This unit keeps on going on and off the market with different relists.
 
CYB 9/19/2007 3:36:48 PMReply

Enter the transparency. When informed consumers can see your tricks, you lose your power as sellers, brokers.

Get ready for a long, long sit. A "huge" price reduction means you listed it too high, reconsidered and brought the price down. It doesn't mean you paid a fool's price when you bought in, and are now taking enormous losses.

I will take that bet, and raise you some...
Let's see a 1/1 right on top of trolley noise, in the poorer part of the East Village, with great South facing views of I-5, industry, and empty lots, in a short building that's soon to lose its "views" to other developments, and photos that scream "Don't look inside the apartment," well, what's not to love.
I'll say $150,000 in early '08.
 
Brian 12/18/2007 4:42:57 PMReply

List Price: $319,000
MLS#: 076095135

Wow, new listing and a price increase!
 
Brian 5/22/2008 10:29:48 AMReply

Now off the market.

Status: Not Active
Price: $319,000

 
Brian 5/22/2008 10:39:36 AMReply

And back on.

List Price: $319,000
MLS#: 086037216
 
Brian 8/31/2008 11:15:53 PMReply

And now removed.
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