Downtown San Diego Condos: Is this an Icon unit?

Part of our job as Downtown San Diego real estate agents is to preview properties in buildings such as Icon.  Icon is located in the East Village of Downtown San Diego, and is one of the few buildings that offers a good view into Petco Park.  Our previous posting regarding Icon's views will show you the good about the building.

During our preview of Icon, here is one of the units we viewed.

Icon Courtyard

Doesn't look so bad does it?  Great location for a courtyard view....

Wait until you see the unit's condition.   It is amazing. View from Icon unit

Let's view the interior condition of the unit because it is most interesting.

Icon unit kitchen or lack therof

Someone gave this Icon kitchen the "stripped bare" lookThe bathroom is no different.

Don't wait to take a shower in this Icon unit bath

As you can guess, someone lost this unit to foreclosure.  Not only did they take their belongings when they left, they also took everything including the kitchen sink.  While I can understand the anger and frustration over losing a unit, it is hard to justify the destruction of this unit.  When you lose you lose and it is just unfortunate that someone felt the need to be so destructive.

Now, with all that being said, this is a perfect unit for a remodel and for an investor purchase.  We have a group of investors who look for units exactly like this unit.  Hard to believe, isn't it.  However, we spoke to one of our investors and they now have an all cash offer on the table.  We will find out in a few days whether the bank is ready to move on from this unit or continue to keep this shell in their inventory.

This is a series of articles by Sharyn and Victoria Crown, Downtown San Diego real estate agents.

Downtown San Diego Condos: Icon

We previewed units at Icon today.  Icon is located on 10th and 11th in the East Village.  As you can see from the roof top deck, Icon has some fantastic views.  Both Icon and The Legend appeal to downtown San Diego condo owners who also want to "live" the San Diego Padres life.

Icon Rooftop views

Icon Petco Park View

Westerly views

 Right now, Icon has 18 units listed in the Multiple Listing Service for sale.  Prices bounce all over.  The low end of pricing is $199,000 and the high end is $639,000.  When sold several years ago, these same unit prices would have been $336,500 to $740,00.  This is an average of 14% - 41% price reductions.   Keep in mind these are just the asking prices.  Sales prices since May 1, 2010 range from $265,000 - $639,000, still below the majority of original sales prices. 

Wait until you see our next post about one of Icon's more unique units.  This unit is so unique, it is missing the sinks, the shower, the toilets and a variety of items in between.

This is a series of Downtown San Diego condo stories by Sharyn and Victoria Crown, Downtown San Diego real estate agents.