06/25/09 Good Deal in the Third Ward!

When we find a good deal on a condo in the downtown area, we will highlight it here. This will be a unit, sometimes more than one, that we consider to offer special value based on a price change, added amenities, or anything else that makes the unit stand out from the rest.

There is some uncertainty about the market but there are also incentives for buying now. Interest rates are still at historic lows. There is a good initial selection of units across all price ranges, plus motivated sellers. The $8,000 first time buyer tax credit can now also be used as part of a down payment. To qualify for the tax credit, closing must occur before Dec.1 of this year. Plan ahead, keepingĀ  in mind that a dedicated search for the most appropriate condo can take time and that financial institutions take months to finalize some deals, after an accepted offer and before closing.

Here are two recommended 1 BR, 1 BA units both at Warehouse 525 in the Third Ward. Each unit is newly built out in a converted warehouse and features granite counter tops, stainless steel kitchen appliances, hardwood floors, and large windows, in-unit laundry and balcony.525-ext-from-320-zoom-from-west-large1

The big plus is that one indoor, heated parking space is now included in the price of $199,900. This is a legitimate $25,000 value. The parking garage will be in an apartment building, now under construction, right next door, to the left side of this photo. There will be an enclosed, secure passageway linking the parking garage and the 525 building.

Call Paul for an private appointment to view the units and tour the building. 414-807-7599.

You can see more at www.warehouse525.com.