Gorgeous waterfront view condo with 2 bedrooms and 2 baths! Desirable Sorrento “C” model is blessed with wonderful estuary and pool view. Has extra large deck perfect for gracious entertaining. Has been recently updated with new carpeting and bathroom vanities. Only 20 of this most popular all level model in complex.
This condo is on the 13th Floor –“Club Level” location. Club level units feature exclusive card controlled elevator access, and additional upgrades not available on lower levels. Stunning views! Enjoy resort-style living + a fabulous commuter location. BART, the Ferry, Amtrak, and easy highway access are all within reach. Oakland’s free B-line shuttle stops right outside the lobby door. Walk Score of 95! Pier Porrino, Realtor® with Caldecott Properties represents the seller.
Click to see enlarged data
Attached is a summary comparing The Sierra, a condo building in Jack London Square, with other comparable buildings in the area that do not have pending litigation. The comparison is for 2007 (arguably the height of the market) with 2010 (through 11/4/2010). The data shows that values at The Sierra declined 54-55%, while the other buildings declined 17-25%. The impact of the litigation which was filed in 2009 more than doubled the negative impact of the declining market. This represents a negative impact of ~$150,000/unit. This figure likely outweighs the potential upside of the litigation by 5-10x.
Please feel free to contact me to discuss this data or the impacts of pending litigation.
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Andy Read
Caldecott Properties
aread@caldecott.com
5251 Broadway
Oakland, CA 94618tel: 510.594.2400 x 222
fax: 510.594.2424
www.Caldecott.com
DRE License #01356611
caldecottproperties
East Bay Real Estate: Caldecott Properties 