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http://www.sdlookup.com/MLS-090059719-3437_Los_Mochis_Oceanside_CA_92056
Another property is just sold in the complex. The sales history is really interesting:
12/31/2009 $105,000 4y 1m -63% -21% 11/14/2005 $285,000 1y 4m 147% 92% 06/24/2004 $115,303 3y 3m -6% -2% 03/06/2001 $122,500 6y 12m 83% 9% 03/11/1994 $66,900 4y 2m -20% -5% 12/14/1989 $83,500 6m 19% 38% 05/26/1989 $70,000 n/a – –
I do not understand why 2004 price is lower than 2001 and then doubled in 2005. My guess is that the owner could not afford the HOA fee or special assessment and got take over by the HOA.