Silver Lining: Indoor Exercise I’ve certainly had prospective Buyers pass on a single-family home because they didn’t like the feel of the neighboring houses or block. What’s the equivalent for a condo? I just showed a Minnetonka condo that was so far from the elevator — I’d guess about 250 feet, or literally a 2...Read More
“Top 10” Luxury Condo Listings: Minneapolis, Wayzata Tie (5 Apiece) No, the Twin Cities doesn’t have anything rivaling the four-story, 24,000 square foot condo at 220 Central Park South, just purchased by Citadel’s Ken Griffin. On the other hand, the most expensive condo currently for sale in the Twin Cities won’t set you back $238 million(!),...Read More
Better Than Blueprints: The “Jumping-Up-and-Down” Test One of the issues that can come up for downsizers moving from a single-family home to multi-family housing (condo or townhome) is privacy — specifically, noise. I don’t know about townhomes (see below), but I do know a surefire, albeit not-so-scientific way to test how quiet a given condo...Read More
The Condo Association Fee Stealth Subsidy Question: When does a $300,000 condo on the 2nd floor with a view of a parking lot pay the same monthly association fee as a $600,000 top-floor unit with skyline views? Answer: when both units are the same size, and the condo association fees are determined by square feet....Read More
On Tour Today 11 a.m. to 1 p.m.: Lake Calhoun Condo Where: 3150 West Calhoun Parkway #402. What: stunning, Contemporary-influenced Condo overlooking Lake Calhoun and Minneapolis skyline. Over 2,700 FSF with two (huge!) Bedrooms and two Baths. When: listed yesterday (July 30). How much: $999,000. Who: listing agent — Ross Kaplan; Broker — Edina Realty...Read More
Shadow Inventory . . . in the Same Building There’s been much talk of “shadow inventory” that wanna-be Sellers are poised to put on the market once conditions strengthen. We’re about to find out, because there are increasing signs that the lower end of the market is stabilizing, if not rising. In the meantime, the...Read More
