UPDATE
Nothing has sold in this complex since March of 2010. It also appears that there is an active or future special assessment that will be $10,000 +. I do not have the condo documents on me to verify the financials of this building however these would need to be reviewed to still call this a great deal.
The special assessment can always be factored into the purchase price or paid by the seller. It is important to see if the assessment looks to be a 1 time thing or the start of snowball effect created by poor budgeting.
#408 1800 14A St SW
Modern 947 sq ft top floor 2 bedroom, 2 bathroom loft located on the corner of 17th avenue and 14th st SW. 16.5 ft ceilings, 420 sq ft patio (with additional secure storage), in suite laundry, heated parking stall and fireplace.
-Foreclosure priced at $259,900. Just came on the market. City Assessment is 320k.
-I have been in this complex before and the landscaping is remarkable. Everything from water fountains to gated access gives this property a very prestigious feel.
Anyone want to go take a look?
Check it out:
http://abmls.mlxchange.com/Pub/Email...11&s=ALB&t=ALB
-Developers website:
http://www.prismdevelopments.com/con...ella-vista.htm