As you know by now, I have a job outside of writing this blog. I help people buy and sell condos/homes just like many other brokers in our city.
I think I do a pretty good job keeping UCS informative without using it as a platform to consistently plug my own business. On that note, from time to time, I like to post when I list a new property for my sellers. I will be posting a “Just Listed” on a special property tomorrow. I’m meeting my photographer in the morning and will monitor final walk through before we go “Live” tomorrow afternoon. This particular property is in a building very familiar to most of you. The Cosmopolitan.
The unit sits on the 24th floor and has an amazing view through the wall of windows. It’s just over 1300sf and is in great condition (3 years old). I won’t share to much more, but I will tell you that it is going to be listed at a very good price. In order to justify why I think its priced well, I pulled a report tonight with the following parameters:
- Status is ‘Active’
- 2 bedroom
- Between 1200-1450sf
- 2005 or new construction
- Concrete & steel or quality construction
The list was narrowed down to 12 units(see below):
- 4 units at 2200 Westlake
- 4 units at Enso
- 2 units at Olive 8
- 1 unit at Marselle
- 1 unit at The Cosmopolitan
Here is the list of the units:
Now let me make my point.
This 24th floor unit, hitting the market tomorrow, will be almost $100 less per square foot than active inventory shown above. Also, close to $140,000 less then the average asking price of comparable units (see list above). In addition, this 24th floor 2 bedroom unit will be a minimum of 9 floors higher than the units pictured below. So, in a long way of making my point, it should be quite obvious that this unit is going to be a pretty good deal. In fact, the pictures below were taken from the unit. As you can see, you are looking “down” at the other available units. I’ve highlighted 8 of those units below. It shows the unit number, price and cost per square foot at the current asking price.
Interested in seeing it? You have two choices; either pay attention to when it goes live tomorrow, or contact me for more info or to schedule a private showing.