Lucera Condo – $199k

[equalizer]

Robert Griswald (Property manager – used to have a radio program on sat kogo) said to never buy a 1 bedroom unit if have a choice. My observation from living in UTC area for a dozen years confirms that advice. I lived in Lucera back in late 90’s in a 2bedroom top unit. Pretty nice place, but the living room is so tiny because the fireplace took up so much space. The bedrooms are nice sized. The 1 car garage is terrible. Odd thing is that there seemed to be room to build more garages, but that would never happen now.

For those looking for 2 car garage, look at Las Palmas complex across from the Vons.

[Anonymous]

Absolutely don’t every buy a one bedroom condo, historically a bad investment and will get killed in down marketet. Although this 200k is a milestone,we haven’t seen nothin yet. I guarantee with within two years we’ll see two bedrooms at Lucera for under 200k.

[Anonymous]

Absolutely don’t every buy a one bedroom condo, historically a bad investment and will get killed in down marketet. Although this 200k is a milestone,we haven’t seen nothin yet. I guarantee with within two years we’ll see two bedrooms at Lucera for under 200k.

[Anonymous]

Absolutely don’t every buy a one bedroom condo, historically a bad investment and will get killed in down marketet. Although this 200k is a milestone,we haven’t seen nothin yet. I guarantee with within two years we’ll see two bedrooms at Lucera for under 200k.

[Anonymous]

Absolutely don’t every buy a one bedroom condo, historically a bad investment and will get killed in down marketet. Although this 200k is a milestone,we haven’t seen nothin yet. I guarantee with within two years we’ll see two bedrooms at Lucera for under 200k.

[Anonymous]

Absolutely don’t every buy a one bedroom condo, historically a bad investment and will get killed in down marketet. Although this 200k is a milestone,we haven’t seen nothin yet. I guarantee with within two years we’ll see two bedrooms at Lucera for under 200k.

[equalizer]

I dont think the 2bedroom could go that low since it means price would go back to 1999 levels!

[equalizer]

I dont think the 2bedroom could go that low since it means price would go back to 1999 levels!

[equalizer]

I dont think the 2bedroom could go that low since it means price would go back to 1999 levels!

[equalizer]

I dont think the 2bedroom could go that low since it means price would go back to 1999 levels!

[equalizer]

I dont think the 2bedroom could go that low since it means price would go back to 1999 levels!

[sdnerd]

Doubtful 2bdrms will fall below $200k. Comparable rents are $1,800-2,000. Rents would have to fall significantly, or we’d have one major over-correction.

Last 2bdrm sold was $300k, with highs of around $450k I believe. The last 1bdrm sold for $230k, highs of around $340k.

They will come down some more, but I think the price reductions will start moving up the ladder with the lower end slowing down.

Fireplace comment spot on – if you rent or buy a unit, get one without the FP. Very significant space difference.

I had the 1 vs 2 bedroom debate before I purchased. I chose 1 bdrm as it allowed to have much lower monthlies, allowing me stockpile a horde of cash. Easier to sell a 2 bedroom, but you can always rent the cheapest unit in a complex. Pros & Cons.

[sdnerd]

Doubtful 2bdrms will fall below $200k. Comparable rents are $1,800-2,000. Rents would have to fall significantly, or we’d have one major over-correction.

Last 2bdrm sold was $300k, with highs of around $450k I believe. The last 1bdrm sold for $230k, highs of around $340k.

They will come down some more, but I think the price reductions will start moving up the ladder with the lower end slowing down.

Fireplace comment spot on – if you rent or buy a unit, get one without the FP. Very significant space difference.

I had the 1 vs 2 bedroom debate before I purchased. I chose 1 bdrm as it allowed to have much lower monthlies, allowing me stockpile a horde of cash. Easier to sell a 2 bedroom, but you can always rent the cheapest unit in a complex. Pros & Cons.

[sdnerd]

Doubtful 2bdrms will fall below $200k. Comparable rents are $1,800-2,000. Rents would have to fall significantly, or we’d have one major over-correction.

Last 2bdrm sold was $300k, with highs of around $450k I believe. The last 1bdrm sold for $230k, highs of around $340k.

They will come down some more, but I think the price reductions will start moving up the ladder with the lower end slowing down.

Fireplace comment spot on – if you rent or buy a unit, get one without the FP. Very significant space difference.

I had the 1 vs 2 bedroom debate before I purchased. I chose 1 bdrm as it allowed to have much lower monthlies, allowing me stockpile a horde of cash. Easier to sell a 2 bedroom, but you can always rent the cheapest unit in a complex. Pros & Cons.

[sdnerd]

Doubtful 2bdrms will fall below $200k. Comparable rents are $1,800-2,000. Rents would have to fall significantly, or we’d have one major over-correction.

Last 2bdrm sold was $300k, with highs of around $450k I believe. The last 1bdrm sold for $230k, highs of around $340k.

They will come down some more, but I think the price reductions will start moving up the ladder with the lower end slowing down.

Fireplace comment spot on – if you rent or buy a unit, get one without the FP. Very significant space difference.

I had the 1 vs 2 bedroom debate before I purchased. I chose 1 bdrm as it allowed to have much lower monthlies, allowing me stockpile a horde of cash. Easier to sell a 2 bedroom, but you can always rent the cheapest unit in a complex. Pros & Cons.

[Author]

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