The Grande Short Sale

Posted on October 9, 2012 | by Denny Oh

A new listing just come up at The Grande South and it’s the large, 1,944 sqft E plan.  This in my opinion, is one of the best layouts of all condos downtown.  It’s a 2BR+Den/2BA condo with two balconies.  It’s on the west side of the building and has views to the north, west and south.  This new Grande South condo is on the 30th floor, which is plenty high (you want to be above about the 20th floor to tolerate the Holiday Inn and about the 25th for it to be a complete non-factor).

This new listing is a short sale though, but short sales are moving much faster than they used to.  Based on the tax records, there are two loans, totaling about $1.75M.  The property was originally purchased for $1,677,500 from Bosa in 2004 and has only had one owner.  Listed at $1.4M, this looks like it could be a great deal.  The last comparable unit was #2801 in the Grande North, which closed in May ’12 for $1,450,000.  Unit 1506 (same orientation of floor plan as this new short sale) sold in the Grande South in July ’12 for $965K, but has far lesser views.

With a lack on inventory, I’m guessing this will get multiple offers.  If you’d like to be one of them, or have any questions, please call Denny Oh at 858-243-2092 or [email protected]

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