Short Sale Condo Deal at M2i

Posted on May 18, 2009 | by Denny Oh

M2i is one of downtown San Diegos best loft style buildings.  Developed by City Mark in 2005, M2i has two different addresses but is essentially one building.  Located at 1050 Island and 527 10th Ave, the seven story building is bound by 10th and 11th Avenues and Market and Island.

With a total of 230 condos in the two buildings, M2i offers low HOA dues, a great East Village location and a contemporary feel.  Most units are lofts, meaning that there are no interior walls that define bedrooms.  Instead, the units are large open spaces which allows the owner to create their own functional space.  Many people have built out bedrooms, or have installed sliding panels to create pseudo walls.

This deal is in the 527 10th Ave condo and is a top floor, 1,187 square foot, 1Br/2Ba condo. This unit has not been  built out and even though its listed as a 1 bedroom, its a true loft.  This condo has 14 ceilings, a walkin closet and large bathrooms.  This condo is a short sale and is listed from $280,000“320,000. This condo should be priced somewhere around $500,000, and will surely get multiple offers.

I am not the listing agent on this condo “ I just think its a great deal!  My guess is that this condo will get plenty of offers and will eventually sell for more than the current asking priceit just depends on how many people are interested and what the bank agrees to.

If youre interested in this great condo deal, please give me a call.  This unit will not last and youll need to act fast.  Id be more than happy to send you some comps, but if youre looking to buy, act now and ask questions later.

Click here to check out more great condo deals in downtown San Diego.

Click here to search all condos for sale at M2i

Denny Oh 858“243“2092 [email protected]

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