Breeze I am very familiar with Lucera. This entire complex was a conversion that was completed back in 04 I believe. I had some clients who tried to sell last year in the low 400’s and they were living in denial and refused to go lower then that. I hesitate to think where they are at in life now.
The units are okay. One thing that is kind of funny is that when you look on the MLS there are different sq ft ranges for the 2/2 models, you see 848, and some 925 but I believe ALL of them are 848. The tracks are right below the complex and I believe there are plans to put a trolley station in right there as well. Don’t quote me on that. Due diligence is the key. Interior wise the units are okay, the granite counters and stainless steel appliances that are all 3 years old now. Kitchens are a little thin, there is a small dining area and there are no laundry rooms. The standard layout has a stack right off the dining area if I remember right in what most likely used to be a hall closet. The “amenities” are nothing great, yes there is a pool, no it is not huge. Location wise the complex is right there at Nobel near the 5. Parking wise most all of the units have detached garages for parking.
It will be interesting to see how low they go. The lowest price I see is unit 1203 at 319k (7130) and then 7180 unit 5312 for 325. Since they will be short sales it will be up to the lender. I doubt they would take 259 but it never hurts to ask.
Craigs is not bad for rental figures, I found it to be more accurate then people have portrayed it to be but I guess that is me. I always advise any future landlords to take a 5-10% margin into account for safety. If this is a home not a rental for you I would pass as the entire complex has a very apartment type feeling.
