If you are still looking for a condo in this last quarter of the year and trying to beat the year end deadline, here is a quick update on some of the condos on the market:
The Decatur on First Hill has less than 30 homes left and is around 80% sold. The seller is offering a 3% credit at closing. On top of that, there are also offering a 2/1 interest rate buy down with Cobalt Mortgage. Interest rates start from 2.25%. With the credit at closing and buy down, in most situations, the homes are selling at ~35% off original asking prices. The Decatur is FHA approved.
1 BR units priced from $189,950
2 BR units priced form $269,950
There are still some homes available at Trace North and they have made some price adjustments. Here is their current price sheet. The average price reduction is ~15%. The building is around 90% sold, and Trace Lofts is 95% sold. The last two homes' prices were reduced by as much as $110,000.
Open One bedroom, 703 square feet
was $369,950, now $324,950 ($45,000 reduction)
Two bedroom , 1,154 square feet
was $699,950, now $589,950 ($110,000 reduction)
Eleven Eleven East Pike has sold 17 homes with 10 homes left. The seller is offering a Smart Car credit of up to $14,000 with a Smart Car parking space. One bedroom homes are priced from $239,950.
More condos update to come. Stay tuned.
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