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San Diego, CA 92101
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| General Info | | Location: San Diego > Downtown | | Neighborhood: Columbia | | Community: The Grande | | Zoning: Single Family Residential | | Use: Condominium | | Parcel Number: 5334711526 | | Square Feet: n/a | | Bedrooms: n/a | | Bathrooms: n/a | | MLS Listing | List Price: $848,500 | | MLS#: 086025693 | | Tax Assesment | | Land Value: $188,700 | | Improvement Value: $754,800 | | Net Value: $943,500 | | Est Property Tax: $11,794 | |
| Sales History |
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| 04/15/2005 | $925,000 | 6m | 32% | 70% | | 10/07/2004 | $702,000 | n/a | - | - |
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Nearby Properties |
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| 1199 Pacific Hwy #2703 | 10/4/2005 | $658,000 | | 1199 Pacific Hwy #2704 | 4/15/2005 | $945,000 | | 1199 Pacific Hwy #2705 | 9/27/2004 | $918,600 | | 1199 Pacific Hwy #2706 | 10/8/2004 | $1,625,000 | | 1199 Pacific Hwy #2801 | 10/25/2004 | $885,000 | | 1199 Pacific Hwy #2803 | 10/21/2004 | $503,000 | | 1199 Pacific Hwy #2804 | 6/5/2006 | $949,000 | | 1199 Pacific Hwy #2805 | 7/1/2005 | $1,285,000 | | 1199 Pacific Hwy #2806 | 4/15/2005 | $1,500,000 | | 1199 Pacific Hwy #2901 | 10/14/2004 | $900,000 |
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Nearby Listings For Sale |
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| 1199 Pacific Hwy #1802 | $889,000 | | 1199 Pacific Hwy #2704 | $849,900 | | 1199 Pacific Hwy #1602 | $879,000 | | 1199 Pacific Hwy #3305 | $1,199,000 | | 1199 Pacific Hwy #2805 | $999,999 | | 1199 Pacific Hwy #3701 | $1,699,000 | | 1199 Pacific Hwy #3902 | $1,525,000 | | 1199 Pacific Hwy #1703 | $469,900 | | 1199 Pacific Hwy #2802 | $848,500 | | 1199 Pacific Hwy #1903 | $485,000 |
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| Brian 4/22/2008 10:03:13 AM | Reply |
List Price: $996,500
MLS#: 086025693 | | | |
| | Brian 4/23/2008 1:17:18 PM | Reply |
Per the listing description, "Seller is a licensed re/max agent"
Our re/max agent has been collecting rent but not paying his property taxes which are now due in the amount $11,256.59.
So they want you to buy the condo for $1 million and pay:
$650 HOA
$1000 Property taxes
$1650 Total HOA & Taxes
Rent is $3,900 so that would leave you with $2250 to pay your $1 million mortgage. And they call that a "great investment opportunity"?
I wonder how any "great investment opportunities" this re/max agent has sold his clients.
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Description
Seller is a licensed re/max agent, waterfront living with pamoramic views up to la jolla, great city views as well. Northeast corner of south tower, tiger wood kitchen, maple floors throughout, no carpet. Large balcony to barbecue that steak and lobster, olympic sized pool, for laps in the am, jacuzzi, barbecue area, club h
Jaw dropping views, if you want drama, this is it. 300' up and views all around, bosa did it right in the quality of finish and material used in the construction of this tower. Fitness center, sauna, steam room, locker room, guest suite for rent, 24 hour guards, party room with pool table, and flat screen for game day. This is luxury living at its finest. Seller can wrap loan if buyer has trouble getting financing. No fees or appraisal needed. Currently rented at $3,900 and tenant does not want to move, so great investment opportunity as well.
| | | | Brian 4/23/2008 1:28:34 PM | Reply |
I love this quote from the description: "Seller can wrap loan if buyer has trouble getting financing."
OK, you have trouble getting financing.... so you go out and buy a $1 million property.
| | | | jpinpb 4/23/2008 1:34:20 PM | Reply |
That is a good one. Um. Red flag. Trouble financing = you can't afford it.
Great stuff, Brian. | | | | Brian 4/23/2008 1:40:31 PM | Reply |
The quote below is what this re/max agent says about himself. His name shall be uttered here because it's against the rules but if you're smart you'll find it yourself.
Goingup? and other are claiming that experience real estate professionals have made millions. Why does his guy use some of his millions (if he has them) to pay the "small fees" it takes to keep that luxury condo, and pay the property taxes he owes (think of the school children, and teachers, and firemen counting on the property tax revenues).
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I have been active in the real estate market in San Diego since 1979. I am a licensed Broker and have received recognition with Re/Max as the 216th largest producer out of some 103,000 agents. That puts me in the top 1%. I am also in the Top 100 agents list for Re/Max of California and Hawaii.
I have sold and purchased 60 homes over the last 24 years for myself and practice what I preach. I maintain my retirement portfolio in Real Estate and help my clients with their income properties as well.
San Diego has proven to be an excellent investment over the last 26 years as values have quintipled. The Union Tribune reported this year that San Diego values have risen between 30 and 40% for the last 7 years downtown. This is phenomenal but no surprise as San Diego continues to produce new jobs year after year. The balance between homes available and the demand for those homes remains consistently at about 4 to 1. This coupled with low interest rates continues to fuel a very hot market.
I would like to help you and share my wealth of experience and knowledge so that you too may enjoy home ownership in San Diego and the added wealth that it will build for you.
I am here as your private consultant so please contact me now to build your future.
| | | | jpinpb 4/23/2008 1:50:35 PM | Reply |
Clearly having a little trouble practicing what he preaches. Realtors like this need to be humbled and this market is going to do it.
Brian, try to resist consulting w/him. For the love of god. | | | | Brian 4/23/2008 2:04:19 PM | Reply |
Here's a related thread.
http://www.sdlookup.com/Forums/General/tabid/57/forumid/270/postid/20022/view/topic/Default.aspx
| | | | Brian 10/7/2008 9:23:17 PM | Reply |
List Price: $868,500
MLS#: 086025693 | | | | Brian 10/7/2008 9:56:55 PM | Reply |
The broker/realtor should have known the market better.
http://www.scottmaurer.com/Default.aspx?Refresh=0
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