Unit 2801 at the Grande South(www.1199PacificHwy.com) is currently on the market, with a list price of $779,900. It’s a bank owned condo(aka REO, foreclosure) and should be sold pretty quickly now. It was originally purchased from Bosa Development for $885K in 2004 and the comps suggest it’s worth about $850-900K. The best part about this, is the views from this north west facing condo at the Grande South are very well protected!
As you can see in the CMA above, there have been 4 recent sales(in the last 6 months) of the same floor plan. The prices range from $680K for an 8th floor condo, to $910K for a 32nd floor unit. A 19th floor unit sold for $835K and one on the 29th sold for $850K.
Additionally, an 18th floor condo is currently in escrow, set to close for about $800K next month and a 20th floor unit that will probably close in a few months for about $900K(both according to the listing agents).
Aside from that, you have the choice of two other similar condos on the 31st and 30th floors of The Grande at $934K and $947K respectively. And I can tell you from 7 years of experience, 2-3 floors is not going to make much of a difference at these levels(and in my opinion, certainly not $150-160K difference).
So to recap, here’s what we have:
For all you people looking for a deal…hear you go. Click here to see what’s currently for sale at The Grande condos.
Or, if you’re looking to take advantage our downtown’s incredibly low inventory and sell now, call me today. Denny Oh 858-243-2092 or [email protected].