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April 19, 2021

Just Sold: Marina Tenancy-in-Common

4LR

We just closed escrow on my one-bedroom TIC at 1890 Jefferson #203. Representing a ten percent interest in a nine-unit building, this property was popular with buyers looking for a premium Marina location near the water and Chestnut Street.

TICs are a bit more complex than condos, but we successfully navigated the ownership transfer process and the buyers and my seller clients couldn’t be happier.

We listed the property for $825,000 and received two offers after 30 days on the market. I’m pleased to report we closed at the asking price with no major delays.

Congratulations, everyone!

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