lender owned condos in downtown phoenix
Bank owned Condos making Downtown Phoenix affordable
January 8, 2010 by Lyle Plocher · 1 Comment
During the crazy days of 30 and 40 % annual appreciation in our local Real Estate market, just a few years ago, living in a Downtown Phoenix condo or loft was reserved primarily for the wealthy who were buying units as second homes, with a few owner occupants who worked downtown and a few empty nesters mixed in to the equation.
For those individuals who currently work downtown and are still interested in walking or biking to work, Condo living has actually now become affordable due to the beating that local real estate values have taken in the last few years.
As an example, Lender owned loft units at the Orpheum Lofts are currently being offered at the $100,000 price point. With a 20% down payment and even with the steep HOA Dues there, an owner occupant could be looking at a total monthly outlay for housing of under $1200. For many professionals working in Downtown Phoenix, that is affordable.
Other downtown complexes such as the Summit at Copper Square, Stadium Lofts and Artisan Parkview are presenting the same kind of affordable, lender owned purchase opportunities.
To find out more about current properties on the market in Downtown Phoenix, contact Lyle Plocher at lyle@urbanconnectionrealty.com or 602 373 3725
lender owned condos in downtown phoenix
Lender owned unit at Orpheum – only 3% down required
July 11, 2009 by Lyle Plocher · Leave a Comment
This 7th floor loft unit at the Orpheum in Downtown Phoenix, is just new to the market. This is a 1 bedroom, 1 bath corner unit with interior features that include exposed brick walls and exposed a/c ducting and concrete ceilings. The Orpheum Lofts were converted to residential units in 2005, originally the Phoenix Title & Trust building, dating to 1935. The renovation included a brilliant art-deco lobby.
This unit is Lender owned with special 3% down financing.
Asking Price is $122,400
For more details or to arrange a private viewing, contact Lyle Plocher at 602 373 3725 or lyle@urbanconnectionrealty.com
Listing is courtesy of Re/Max Professionals
