Saturday, July 17, 2010

We made an offer!

We've been waiting to see a particular condo in the building downtown in which we want to live. A few months ago our friends, Carol and Hillary, bought one on the 12th floor. We were invited to their house warming and were very impressed with the building, location, floor plan and it's connection to the sky way.
Carol and Hillary, being the community building types they are, sponsored a "17 stack" party. All of the condos ending in 17...517, 617, all the way to the top at 1917,..have the same floor plan and they are called "17 stack". At the party they discovered that two would be coming up for sale...517 & 1517.
We've looked at 517 twice and really like it. However, we were hoping to see 1517 before we were forced to make an offer on 517. Today was the day we got to see 1517 (15th floor). It has views to the east, north and west.
It has been vacant 6 months since the owners moved to an assisted living facility. Today we met their two sons at the condo. We had a very positive conversation with them and learned that they now have power of attorney and are ready to sell. When we asked the price we were pleased to hear that it was significantly less than we'd anticipated. So we made an official offer to purchase and expect to have a response in a few days.
The condo needs a lot of work. It's not been updated in the 20 years they lived there. One of the owners used a motorized wheel chair and that took a toll on the walls, doors and woodwork. Possession date will be negotiated around the renovation work.
The condo building is called The Crossings and is not new...it was built in 1981. It is at Washington and 2nd Ave. S. so it's right downtown. It is three blocks to the river, one to the library and three blocks to the light rail stop and I don't care how far it is to Twins Stadium.
So that's our news for the day!

1 comment:

Anonymous said...

Congratulations! By the way, 10 blocks.

-Neil