Stroupe Has Letter Confirming Enso to Reduce Prices

Stroup Group got the smoking gun on Enso doing the right thing and dropping prices for those who have already signed a purchase and sale:

Greetings from the Enso team,

We would like to take a moment to provide you with an Enso update.

With Enso nearing completion, we are committed to working with you to make it possible to close and move into your new home. As a result, we will be offering all our Enso pre-sale buyers who purcahsed in 2007/08 and early 2009 a reduced purchase price on the home you already have in contract. We also will be reducing home owner assessments based on lower anticipated operating costs forecast in an updated budget.

Starting in mid-June, our sales team will contact you with more details about the reduction. Because we will be working closely with each of our pre-sale buyers, the closing time frame for your Enso home will take a bit longer than otherwise planned. Thank you for you patience during this process.

For planning purposes, we currently expect homeowner orientations to begin the first week of August, and anticipate first closings to begin late in August and continue through September. In advance of closing, you will receive a 30-day closing notice that will include your proposed homeowner orientation and close date as well as more detailed information on the closing and move-process.

Thank you again for your commitment to Enso and being part of the South Lake Union community. If you have any questions, please do not hesitate to contact our sales team at 206-264-4966.

Best Wishes,
The Enso team

Here’s a scan of the letter.

About Matt

Matt , Urbnlivn's publisher, has a love for lofts with industrial features and new construction condos that is only eclipsed by his passion for outdoor sports and urban living. Phrases such as “polished concrete” and “exposed brick” are music to his ears. You can also find Matt on Twitter or skiing.

  • Chris

    I wonder what the reduction in HOAs will be. Enso's $.72/sqft always seemed high. Rollin was supposed to be $.52 (incl cable which Enso doesn't), O8 at ($.55 not incl the fitness center), and Escala at $.79!

  • http://www.poormansheli.com/ nitsuj

    While I don't agree that letting someone who agreed to pay at X price buy for X-Y is 'doing the right thing' I do have to give it up for them for trying something that most wouldn't

  • anonymous

    I would love it if they did the same thing for people who bought at Veer during the pre-sale process, which I did. It was the same time as the Enso pre-sales. Plus Vulcan has dropped prices on unsold Veer units, much in the same way they are lowing prices at Enso.

  • SB

    While I realize all real estate is an investment, I also bought at Veer in pre-sale AFTER the pre-sale started with Enso. Shouldn't Veer buyers receive this same benefit? Anyone who purchased a Vulcan property (Enso, Rollins, Veer) should get a fair shake if Vulcan is extending the courtesy it is to Enso (since Rollins went to apartments), Rollins (buyers there are getting all their money back and steep discounts at Enso or Veer). Everyone who purchased a unit in these buildings supported the vision of a vibrant community in SLU. Veer is the only property getting left out….

  • Ross Jordan

    Real estate generally shouldn't be thought of as an investment. It's an expense. The sooner people start realizing that, the more rational decisions will get.

  • Shay

    It will be interesting to see what reductions Enso offers and if they will be similar to the prices of condos that were on their website. If its less than a 20% reduction – I think they are wasting their time.

  • Chris

    I wouldn't say it's a steep discount, it's $6000 in closing costs.

  • Shay

    It will be interesting to see what reductions Enso offers and if they will be similar to the prices of condos that were on their website. If its less than a 20% reduction – I think they are wasting their time.

  • Chris

    I wouldn't say it's a steep discount, it's $6000 in closing costs.