Cashing in on the great condo bust

Great bargains abound, but you have to shop carefully.

1 of 3

San Francisco

Price: $499,000
Rooms: 2 bed, 2 bath
Sq. ft.: 1,200
Taxes: $5,750
Dues/Mo.: $200

Buyers will face slightly higher interest rates on this condo because the building has a tenant-in-common status. But it's located in a desirable area near Golden Gate Park, and similar properties sold for $625,000 during the boom, says local realtor Anthony Koutsos.

By Sarah Max

NEXT: Sarasota

Last updated February 25 2010: 5:22 PM ET

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