Comments on: No One Is Looking At Condos

By: Ross

Ross — Thu, 14 May 2009 23:09:07 +0000

Yes normally. And co-op's often have a central boiler/heating system, so their HOAs often include heating too.

By: Ross

Ross — Thu, 14 May 2009 16:09:07 +0000

Yes normally. And co-op's often have a central boiler/heating system, so their HOAs often include heating too.

By: uwp

uwp — Thu, 14 May 2009 06:07:19 +0000

Don't HOAs for a co-cop include taxes?

By: elizabeth

elizabeth — Wed, 13 May 2009 15:09:54 +0000

I think I saw that co-op with the exposed brick that was two-level (on Summit maybe?). The top one was beautiful. The one below it wasn't as great, but they both went quickly.

I've also looked at both units at that place on 13th. No parking (as I recall), which is a bummer for that location. And the building hallway is dark and narrow and smells like cigarettes. But this co-op has lots of potential if you are willing to put some elbow grease into it. I don't think it would be a bad investment over the long run.

I live in an apartment in a well-maintained historic building on the Hill that is much larger and nicer (with a view and a short walk to Volunteer Park) for $1185 a month. It is hard to make the move from such a great apartment into a smaller and less aesthetically pleasing condo for a similar monthly cost...but I know it is time.

By: Other Chris

Other Chris — Wed, 13 May 2009 13:22:06 +0000

Bingo. But you get the pride of ownership!

By: The MD

The MD — Tue, 12 May 2009 20:21:58 +0000

once you add in taxes (roughly going to be $133/month) and HOAs (probably around $200/month), plus your Mortgages P&I at $762.63/month (20% down at 6% over 30 years), you're pushing $1,100/month for a dumpy studio.

By: uptown

uptown — Tue, 12 May 2009 19:52:01 +0000

Even at 6% (the overnight average was 5.05%) a 30 year mortgage would have a monthly payment of only $763.

By: Apple Mac Computers

Apple Mac Computers — Tue, 12 May 2009 15:10:20 +0000

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By: mike2

mike2 — Tue, 12 May 2009 14:37:28 +0000

For the Co-op, with 20% down you're looking at close to $1200/month for a small 1 bedroom with no parking. Is that really a good deal?

By: Matt

Matt — Tue, 12 May 2009 14:25:58 +0000

I've seen unit at 1136 13th. It's a terrible space, even at that price… Floors are all different wood, noticeable water damage on the other parts of the floor, wierd lighting. Its been on and off the market for nearly a year.