by bryan | Oct 15, 2011 | light rail apartments and rentals, Light Rail Condo and Townhouse, News & Information
Downtown Phoenix move has saved couple lots of money, time [Editors Note: 44 Monroe is one of may upscale living spaces to live along light rail. You can find more about Live, Work and Play at LightRailConnect.com] Courtesy of Emily Gersema – Sept. 29, 2011 The Arizona Republic A year ago, the Helgesons were celebrating a makeover of their Queen Creek home by TV star designer Nate Berkus. This year, Jessica and Cody Helgeson have turned that southeast Valley home into a rental and are celebrating their recent move to a high-rise in downtown Phoenix, 44 Monroe. Moving downtown has saved them hundreds of dollars a month in gas, reduced their headaches, eliminated their long commutes and improved their social lives, they said. The switch from suburban to urban life has its price. They lost nearly 800 square feet of space and a lush green yard. Do they miss it? “We haven’t really,” said Cody Helgeson, 26. “We had a yard that was all landscaped, but at the same time, we were paying a gardener to come out every week.” “Here we have Civic Space Park,” he said. “It’s not even a block away.” 44 Monroe in Phoenix The Helgesons are among an influx of new tenants at the 202-unit, 34-story building at First Avenue and Monroe Street. The tower once intended for condos is around 75 percent full, rebounding from a slump that began with the housing-market crash a few years ago and foreclosures tied to the bankruptcy of lender Mortgages Ltd. A year ago, a new company in Chicago, ST Residential, bought the tower out of foreclosure and opened...
by bryan | Sep 6, 2010 | Light Rail Business, Light Rail Condo and Townhouse, News & Information
Landmark Towers Market Snapshot (9/1/2010) Landmark Towers is a condominium project situated at 4750 N. Central Ave, Phoenix 85012. Built in 1963, the Landmark offers 16 floors (13th Floor does not exist, of course) of condo residences with either 14, 15, or 16 units per floor, for a total of 244 condo units. Typically, the average configuration is 2 Beds and 1-2 Baths. Current HOA dues are estimated at $0.66/SF per month. This includes exterior maintenance, roof repair, roof replacement, blanket insurance policy, water, sewer, garbage collection, pest control, air conditioning/heating, electric, gas, common area maintenance, street maintenance. Amenities: pool, clubhouse, recreation center, community laundry, concierge, near bus and light rail. Pets are o.k. up to a certain size, check with management. Interesting Comment: When the fire alarm sounds, the elevators automatically go to the basement, and all residents must walk down the stairs. If a resident is in a wheel chair, the fire department must carry him/her down the stairs. Condo SF Overview: Condo Size # of units 442 SF 31 units 602 SF 28 units 702 SF 125 units 788 SF 29 units 825 SF 1 unit 980 SF 30 units Market Snapshot as of 9/1/2010 Active Listings MLS reports 23 current Active Listings, with a low list price of $19,900, the average list is $43,643, and the high list topped off at $79,000. Respectively, the List Price/SF is $45, $64, and $100. The MLS also reports that the Landmark has 4 listings designated at ‘AWC’ (Active with contingency), probably waiting for a short sale to be approved. And, 8 listings are ‘Pending’ status, with...
