Price Reduction!

Posted on October 29, 2013 | by Denny Oh

MLS_first113_06I just reduced the price on my 2br/2.5ba condo at The Lodge in Banker’s Hill to $499K, which is only $434/sqft.  The last three two bedroom sales at The Lodge were considerably higher, at $472, $508 and $541/sqft.  Here are a few reasons why I like this property:

  • New Construction – The Lodge was built in 2006 – most of the surrounding buildings were built between the 60’s and 90’s
  • Really low HOAs – $367/mo – you’d be closer to about $600 if you were downtown
  • Dual master floor plan – each bedroom has its own bathroom
  • Great Location – The Lodge is located in downtown, technically, but is in what most people consider Banker’s Hill.  It’s quieter, cleaner and closer to Mission Hills and Hillcrest.

Aside from that, the condo is in great shape and is just a good property in general.  If you haven’t noticed, San Diego is still growing (especially downtown) and as prices keep rising there, people will look to the more affordable areas like The Lodge.  I think this is a great investment and should do well in the future.  Having a dual master townhome with 2.5 bathrooms is a huge plus as well.  And yes, there are two gated parking spaces with this unit (and a gym).

Let me know if you’d like to take a look at this great condo! Denny Oh 858-243-2092 [email protected]

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