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Grove Street Development Complete

11/15/2017

1 Comment

 
The Grove Street Development Projects all SOLD. 
  • The address of 2113 E 22nd St, National City, CA 91950 SOLD for $510,000.00 on August 1, 2017
  • The address of  2133 Grove St, National City, CA 91950 SOLD for $500,000.00 on August 11, 2017
  • The address of  2134 Prospect St, National City, CA 91950 SOLD for $500,000.00 on Nov 11, 2017
The Gross sales were $1,510,000.00, which was $265.000.00 higher than we had predicted based on After Build Appraisals which came in at an estimated selling price of $1,245,000.00. 

Our contractual relationship ended after 1.5 years working with the investors on this journey.  The projects were a huge success in the sales price, build-outs.  The hard money lenders were paid back in full as was the General Partner who formed an SPE Partnership on behalf of the six investors who were facing foreclosure when we were hired to find solutions to their problems. 
1 Comment
Martin link
5/28/2022 04:46:24

This was a lovely blog post

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    Jinean Florom Author

    Just a small town girl with real estate bred in her bones. 

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