2 Br Condo Deal at the Grande North

Posted on December 20, 2008 | by Denny Oh

If you’ve been waiting for prices to drop so you can buy into a great building, here you go.  A 1,325 square foot, 2 bedroom, 2 bath condo is now available for $699,000.  This is a short sale and the price has been approved by the bank.

This Grande condo is on the 21st floor, with west, south and easterly views.   This unit was sold in January of this year for $980,000!  That’s almost a 30% decrease in one year! Granted, the guy who bought it overpaid by about $100K, but who cares…this unit is about 20% below today’s market value.

The most recent comparable sale was last month, for the same exact unit, only on the 13th floor, for  $654,900.  Unit 2105 is 8 floors higher and is only $40K more!  Plus, I’m sure you can buy 2105 for less than the $699,000 asking price.

Unit 2305, the same unit but two floors higher, sold in March of this year for $870K.  I’m telling you this is an incredible investment.

Let me know when you’d like to see it.  I’m here for Christmas!

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