2200 Westlake Condominium Deal for $249,000

 

Deal Snapshot:

• Value: $350k or $617/sq ft.
• List: $249,000 or $408/sq ft.
• 30% Discount to Active Listings

House Details:

• 1 Bedroom
• 1 Bath
• 610 sq. ft.
• Year Built: 2007

2200 Westlake Condo | 910 Lenora Street #1404

Short sale condo has been PENDING since December 2008. Pending status is where there is an offer on the property from a potential buyer, but the seller, in this case the bank, has not accepted that price nor rejected it. For this case, the bank wants back-up offers.

There is nothing active below $312,000 in this complex and that is priced at $513/sq ft.

There are another 14 active listings on other condos in this complex. The average dollar per square foot for those 14 actives is $571/sq ft.

Recent comparables or comps find two sold condos in the last six months sold for $617 per square foot.

This property is being sold for $408 per foot almost a 30% discount from active listings and a 34% off recent comps.