why is this place so cheap?

Asked by kellinakao, San Diego, CA Tue Feb 26, 2013

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This question was asked from this property: http://www.trulia.com/property/3078165536-835-Felspar-St-San…

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6
Patrick Park, Agent, San Diego, CA
Sat Mar 2, 2013
It is for a 1/8 ownership which provides roughly 6 and a half weeks per year of usage to each owner...Call me at 619-813-8233 for further questions...I am in the office all day .
Cordially,
Pat Park
0 votes
Jamie Tian, Agent, Los Angeles, CA
Tue Feb 26, 2013
Hi,

It says in the description of the property: "LIST PRICE REFLECTS 1/8TH OWNERSHIP. YOUR OPPORTUNITY TO PURCHASE 1/8, 1/4 OR 3/8's OF A NEWER, FULLY FURNISHED FRACTIONAL OWNERSHIP WITHIN 2 BLOCKS OF THE BEACH! TENANTS IN COMMON DEEDED INTEREST".

Feel free to contact me at (310) 717-1321 or JamieTian@RodeoRE.com with any questions or concerns.

Best Regards,

Jamie Tian
Rodeo Realty
(310) 717-1321
JamieTian@RodeoRE.com
DRE #01920120
Web Reference:  http://www.JamieTian.com
0 votes
Patrick Park, Agent, San Diego, CA
Tue Feb 26, 2013
835 Felspar St is a fractional ownership listing with the list price of $100,000 being for 1/8th ownership or roughly 6 1/2 weeks per year (1 week every 8 weeks) so time can vary, not a set time of year. There is 1/8th to3/8th's ownership currently available. It is fully furnished and equipped, located less than 2 block to the beach. The condo fees are $225/month for 1/8th ownership. Please let me know if you would like additional information or I can answer any specific questions. Thank you for your inquiry
0 votes
John Juarez, Agent, Fremont, CA
Tue Feb 26, 2013
Kellinakao,

I guess that you did not read the information in the link that you provided because it would have answered your question.

What is being advertized is a fractional ownership. The buyer will own a 1/8 interest in and use of the property.
0 votes
Sinead McAll…, Agent, Oceanside, CA
Tue Feb 26, 2013
Hi Kellinakao,
It is a timeshare. I would be happy to work with you and find you some similar available homes. Message me back with what you are looking for.

Thanks!
Sinead McAllister
Broker/Realtor
McAllister Homes Real Estate
858-205-5215
brokermcallister@gmail.com
http://www.McAllisterHomes.com
0 votes
Eric Polansky…, Agent, San Diego, CA
Tue Feb 26, 2013
The list price reflects only 1/8 interest for sale. The other 7/8 is not for sale.So your getting a million dollar property and only the use of 1/8.
0 votes
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