Just to add a few more details: if youâ€™re interested in parking it is leased at $300/mo. HOA dues are $673/mo!
This is also a TIC. TIC loans are a lot less attractive right now since these rates are quite a bit higher when compared to conventional loans.
If youâ€™re not familiar with TIC financing, a buyer has to bring in at least 20% down & loan terms are typically for 3-5 years. The advertised rate per the MLS of 5.75% is if one comes in with 30% down and also buys down the rate by 1 point. A point is 1% of the loan amount.
Iâ€™d crunch the numbers with your mortgage broker to see what finance costs would be for a TIC vs. a condo.
If needed, Iâ€™m happy to make recommendations to excellent brokers that I work with.
Cheryl Bower, Realtor , GRI, ABR
Zephyr Real Estate
It is still on the market. The mls listing number is 354230 and it's been on the market for 37 days. There is an open house this Sunday from 2-4 as well.
Feel free to contact me at email@example.com if you have any questions about the property or would like an appointment to view.