Excellent Conditions
Address: 2036 3rd. St #7, 90814 Asking Price: $150,000 Year Built: 1960 Size: 1 beds, 1 baths, 707 sq. ft. $/Sq. Ft.: $212 HOA Fee: $104 Purchase price: $278,000 Purchase date: 4/2007 MLS#: Y901921 On Redfin: 30 days Down Payment: $30,000 Monthly Payment: $900 Income Requirement: $43,000 Description: Cute condominium, excellent conditions, second floor. Nice living room with balcony. Short Sale. "Excellent conditions"? You mean, like, for sailing? Calling this a short sale is being generous. Assuming the bank approves this price (won’t happen), it will be "short" $128,000 , less whatever meager down payment the renter coughed up (sorry, but we have to stop calling people who made interest-only payments to live in houses for a year or two “owners.” They rented money from banks and will walk with no equity, therefore they are renters ). A one hundred and twenty eight thousand dollar loss on a 700-square-foot apartment? Cripes! I don't know what this lady was think...