West End Condos Auction

Because of the upcoming auction (see blog below and/or link), I stopped by the West End condos today to see them for myself. I have to say, I was impressed. The quality of the construction seemed top notch.

Fireplaces and whirlpool baths make these condos very comfortable living spaces. Many have long entry ways with travertine floors. The two and three bedrooms are actually big enough to get turned around in. Big square patios and floor to ceilings windows help make the space feel even bigger. About half of the units have views of the downtown. From the 6th and 7th floors to the 3rd floor, all views are unobstructed.

The various floorplans are named after French impressionist painters (at least the ones I recognize). The units right on top of each other will match, so 605, 505, 405,305, and 205 will all have the floorplan ("Chagall"). However, each unit is unique with distinctive granite, cabinets, and flooring combinations.

These are expensive units, with asking prices for 2 bedrooms ranging from $525,000 (or $279 a square foot) to $760,000 ($354 a sq. foot) and 3 bedrooms going for $695,000 ($299 square foot) to $948,000 ($375 a sq. foot). One bedroom units are available on the 8th floor for $385,000 ($263 square foot) to $595,000 ($383 a square foot).

Less than 10 units have sold, which is why they are going to auction....What prices the auction will bring on December 5th is anyone's guess. This is not an "absolute" auctions so the developer can decide not to sell them if the prices don't meet minimums. However, they do plan to sell all 45 units, so this could be a rare opportunity to get a great deal on a beautiful condo on West End.

To participate in the auction, you must be pre-registered in advance. Bring a cashier's check for $5,000 and be prepared to put 5% down. Closings will be by the middle of January. If you have any questions or would like to look at the condos, feel free to contact me at 615-545-8611 or jeff@jefffulmer.com. You can also find me through my web-site, http://www.jefffulmer.com/.