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Hello Ming & Chris,
I live walking distance from Parkway Village and it is a lovely, well maintained complex. I've seen every sized dog imaginable, so pets are allowed and there does not appear to be a "height limit." I have a few friends who live there and know of listed and For Sale By Owners available if you would like to take a look.
There are approximately 109 buildings comprising 564 owner occupied units, 35 investor sublets, 76 unsold shares for a total of 675 apartments. The complex was constructed in 1946 and converted in 1983. There are 475 private street parking spaces: $15 for one car tag, $35 for two (have to park off complex for the third car, owners only get two spots). You can get in for 10% down 90% financing and there is no Flip Tax. To afford a unit your household income would have to be approximately $60,000 and above.
A two bedroom garden apartment for $225,000 (average appraisal $250K) at 10% down would run somewhere in the nature of $1050 for maintenance and $1100 - $1200 for mortgage. The Maintenance fee includes fuel, landscaping (lots of lovely open spaces) a portion of the $16,359,609 mortgage (at 8%), etc. There are a few non-refundable application related fees you would need to be aware of: $800 for the application fee and then $350 to processing with an additional $100 for the credit report and income verification. They do also have a $500 move in deposit, which is refundable.
My friends love living over there. You should visit and see for yourself if you think the area may be worth your while. I'd be more than happy to show you around my neck of the woods. I hope the information given is somewhat useful for you. Enjoy your day.
Regards, C.
Thu May 22 2008, 12:15
Fair Housing and Equal Opportunity