Harbor Club Condo Bubble Unit Deal

Posted on February 8, 2011 | by Denny Oh

In the last 12 months, only one “bubble unit” has sold at the downtown San Diego Harbor Club condos.  This was a 24th floor foreclosure in the Harbor Club that was listed at $775K, which was way below the market price.  It sold in 7 days for $850K…sadly, not to my client.  The only other bubble unit that has sold recently, was a combined unit on the 23rd floor, where someone had combined a 1 bedroom with a bubble unit that my clients purchased back in December of 2009.

Aside from that, there are two bubble units currently on the MLS – one just below $1.3M and the other just below $1.4M.  However, there is one more available…which is not on the MLS.  The property was purchased at auction and will be listed around $700K.  It’s on the 9th floor and has been remodeled.  It sold in 2005 for $975K(sold for $750K in 2002).

The unit can be seen now, but can’t be purchased for about 4 months – there’s an IRS lien on it which can’t be removed for 120 days.  Please let me know if you’re interested and I can set everything up.

Click here to see what’s for sale in the Harbor Club condos in downtown San Diego.

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