Friday, December 23, 2005
Condos At Gallery Place
$599000 - Gallery Place Metro/China Town ( located in downtown, Washington, DC )
"Santa is brining a gorgeous 2 bedroom, 2 full bath condo to a deserving girl or boy for the low, low price of $599000. A steel for this area! Located on the eight floor, with views of 7th and H st from every window! city living at its best. Enjoy all of the surronding shops and DC`s best restaraunts. Oh by the way the metro is located outside the building. It cant get any better then this call Tom 301-512-8945 with any questions! Have a happy holiday Get in to this unit in early January! Special financing availble! 777 7th"
The google map link on the Craigslist site does not even work. The word steal is spelled 'steal.'
Is 599K a 'Low price' for a 2br 2ba condo, 1,100 sq ft? Sure it is a spanking new condo downtown, but it is 600K. The monthly costs ( 30 yr fixes, solid credit, tax deductions, property taxes, amd condo fees) are over $4,000 a month. Yikes. It is a condo. There is a huge amount of newly constructed condo and condo under construction occuring in the city of Washington, DC. Prices are already falling for condo units. A friend of mine owns a 1br condo in DC and is having a real tough time selling, despite having lowered the price twice.
Will it sell at 599K?
The price is inline with other newly constructed 2br 2ba condos in downtown DC for sale. However, there is a condo glut in DC. The inventory for condos is building. The seller better hope for a quick sale otherwise they won't get the 599K.
Posted by David at 3:07 AM