Possible 155K loss on UTC condo conversion…… – Piggington's Econo-Almanac

This topic has 4 replies, 3 voices, and was last updated 16 years, 10 months ago by SmellsFeeshy.

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July 6, 2007 at 7:17 PM #9463

bubble_contagion
Participant

In early 2004 I went to look at The Venetian condo conversion in UTC. A few days ago I found the brochure for Phase 1, scanned a section and placed it here:

http://home.san.rr.com/bstruck/romano_info.jpg

The MLS has two of the “Romano” units for sale at $370K vs. up to $525K from the brochure. I was told that some long time renters had bought. Ouch.

MLS ID# 076043884

MLS ID# 076051273

July 7, 2007 at 9:29 AM #64464

CMcG
Participant

Wow. Looks like a pretty place, though.

July 7, 2007 at 9:29 AM #64523

CMcG
Participant

Wow. Looks like a pretty place, though.

July 13, 2007 at 11:12 AM #65672

SmellsFeeshy
Participant

Pretty maybe, but the location is horrible. Right off Nobel Dr. which is one of the busiest streets in UTC. The Venetian is one of the conversion complexes in UTC that always seems to have 10+ units on the MLS at any given time. Definitely seems like a lot of flippers bought in. I certainly wouldn’t want to be an owner living there.

July 13, 2007 at 11:12 AM #65734

SmellsFeeshy
Participant

Pretty maybe, but the location is horrible. Right off Nobel Dr. which is one of the busiest streets in UTC. The Venetian is one of the conversion complexes in UTC that always seems to have 10+ units on the MLS at any given time. Definitely seems like a lot of flippers bought in. I certainly wouldn’t want to be an owner living there.
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