This bank owned mid rise penthouse has been price cut almost down to the original developer price.
Currently listed at $549,000 this unit once sold for a whopping $810,000.
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Market analysis, news and reviews of specific properties that are for sale or have sold at a loss.
4 comments:
Wow! Thanks!
Mr. Brightside:
As prices continue to fall, my search for a downtown condo is becomming more serious.
Besides price, one factor that concerns me is noise. I've heard that different neighborhoods have different noises.
For example, I've heard about the "ding-ding-ding" of the trolley track crossings. Somebody also mentioned ambulance/fire routes. Also, I've heard about noisy bar patrons spilling into the streets in the wee morning hours.
What information/opinions can you give me on the subjective subject of downtown noise?
Thanks!
Hi ronw,
It's funny you posted this as I was just thinking about this issue myself. With prices coming down you can actually start thinking about buying again. It might be a tad premature but knowing what you want can take some time not to mention only a small fraction of the condos are priced well.
I'm also very sensitive to noise. I'd avoid anything by the trolley or train line and any units that are near the entrance of a building as you end up with of commercial traffic noise, dogs fighting with each other as they come and go with their owner and this is also where most of the late night noise comes from. You could get unlucky and get a loud neighbor. Buying in a cement building can help mitigate that. The top floor is always attractive as well as another source of volatility is the neighbor about putting in a cheap wood or tile floor.
Lot's of issues to think about. :)
I'd say thats a lot more then 25%
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