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rbarz

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Posts posted by rbarz

  1. This is the same thing that I looked at and debated 15 years ago!  It turned out to be not much different then and I think it is the same now.   Each time the area has a "resurgence" it gets stalled by another area. Freedman' Town, 1st ward, Washington corridor, and now 3rd ward will stall it.   If you're looking long term it won't matter in my opinion... If one takes off the others will be dragged up with it. 

  2. On 6/11/2016 at 6:00 AM, UtterlyUrban said:

    I am actually surprised to see gold-tone faucets in the bathroom.  Those have been "out" for a long time now, I think.  I wonder if the design trend is reversing?

     

     

    The trend was said to be reversed a couple of years ago in the upper end of the market, but there are still a ton of polished stainless and stainless fixtures and silver tones must still be the most popular. 

     

    All good fixtures are brass on the inside.  It is highly unlikely that these are not coated in something... raw and polished brass is still not on trend although they are still produced.  

     

     

  3. I am pretty sure this "advertising" is getting rid of everyone that would buy this home.  

     

    I know I would be extremely afraid of attempting a flip on a home that now has a video out there showing what it looked like.  After it is flipped, any buyer coming across it would be uninterested immediately and I wouldn't be surprised if it invited unwanted consequences from a buyer that saw the video after closing.  

     

    Every home I have flipped, I have wanted to put before and after photos out there, which I have done, but never with the really scary ones...  This one is a close call.  But I still wouldn't want to close without all advertising being scrubbed from the net.

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  4. I have been by, I think $1.25M is the average price because they have units priced lower.

    The floor plans are pretty good, but it is not a surprise they haven't sold many. They were not really finished with what details were being offered when I visited about three weeks ago. For example, the sales office did not know what cabinets where being offered or if the fixtures were going to match the ones in the renderings. I did speak with an architect whose firm is involved in the project and she did know what was being selected and it was quite a surprise at the level of finishes included for the price (Eggersman Level 5). We will have to wait and see if that officially makes it to the sales office.

    A Conceirge seems like a waste to me. The buildings I have had units in that had only one person working no matter what you called them were always a waste of money. The only time a staff seemed to benefit the residents is when there is Valet and porters. A guarantee this building will not have a 24 hour Conceirge and if it does to start like all the older Randal Davis properties then it will change once the residents take over the HOA.

  5. Let me throw in my two cents:

     

    Arche_757 might work in the industry, but he obviously isn't running things at his company, because he is not privy to the actual cost of construction (in 2014 or 2015).  No offense, but it looks like where he works charges $225, and no one knows the difference.  I have friends that are architects and they are unaware of what a "regular" home costs and only know what their builders are charging.  

     

    You can expect to pay $135/sf for a non-custom cookie cutter type home (with ok finishes you see everywhere) and upwards of $350/sf for you to sit down with an architecture firm and get a supremely built full custom home with great finishes.  There is room on both sides of those numbers.  You can be your own GC and skimp and plan everywhere and get close to $105/ft or you can go crazy and get the highest end finishes with outrageous things like hand forged cabinet pulls, automation, solar, quad-pane windows etc etc for $1000/sf. 

  6. It is still the same 7 years later!

     

     

    Check out the Zillow Mortgage App, which happens to be a good, quick calculator to figure out mortgage/tax/insurance payments.  It has an affordability calculator and its default setting is shocking to me...  

     

    For example:

    Income: $80,000/yr

    Down Payment: $60,000

    Interest Rate: 3.125%

     

    "You can afford a home up to $405,710.  This home should fit comfortably within your budget"

     

    You can add monthly debt to the calculator to bring the price down, but it seems out of touch.  Maybe it is on purpose, because it is to Zillow's advantage to have people looking for homes or maybe all of the U.S. is out of touch...  

     

    When I entered all of my information in to the calculator to determine what price home it thought I should budget, the "affordability" was 40% higher than a price I would even consider looking at!

     

     

     

     

  7. There has been a lot more interest in mid-century modern in the last few years.  This building must be trying to capitalize on that movement.  

     

    From the Realtor:  "Referencing the simplicity & functionality of the Bauhaus movement... " 

     

    What worries me is that renderings normally look better than the real thing...  What if this rendering looks better!?!

  8. How has the building been selling?  Is it worth nearly double the price to be in a "new" remodeled building instead of the 3 older ones right down the street?  WIllowick, Inwood and I forget the name of the other, but they all have "remodeled" lobbies.  

     

    There are just four generalized listings on HAR ranging from $1.4M to $4.4M.  Does anyone know how many have been "sold" so far?

     

     

  9. For the square footage offered, this building is cheaper than all of the other ones currently planned or under construction.   Please correct me if I am wrong!  

     

    1400 California is $500/sf for penthouse and around $300/sf for the other units.  Everyone else seems to be $450 to $500 or more per square foot for non-penthouse units.  

     

    Not that I think it is worth it, but here is a $300/sf unit probably on the 3rd floor.  

     

    http://www.har.com/1400-california--3ne/sale_77976441

     

     

  10. I met up with a developer, who is building a home in the flood zone A. I asked about the flood insurance and what kind of premiums i would expect. He said the slab of the home was above the 100yr BFE and with the home came a certificate of elevation stating so. I looked up an elevation certificate from the FEMA website, (this is where i am confused) it asks for the Flood zones in section B8. What Flood Zones are applicable when building in Zone A with the home above the BFE? Zone A and X? Has any one had an elevation certificate done with this specific situation?

    If your BFE is above the 100 year than it is either in the 500 year or out of the floodplain all together.

    Flood Insurance will not be required by your mortgage if your BFE is above the 100year and FEMA (I believe) only offers insurance to those within the 100yr Floodplain or floodway. Your normal insurance carrier can offer you flood when above the 100yr and the rates are much much lower. (I.E. for $200k inside 100yr its about $1000/yr through FEMA compared to $200/yr outside the 100yr through Nationwide).

  11. I met up with a developer, who is building a home in the flood zone A. I asked about the flood insurance and what kind of premiums i would expect. He said the slab of the home was above the 100yr BFE and with the home came a certificate of elevation stating so. I looked up an elevation certificate from the FEMA website, (this is where i am confused) it asks for the Flood zones in section B8. What Flood Zones are applicable when building in Zone A with the home above the BFE? Zone A and X? Has any one had an elevation certificate done with this specific situation?

    If your BFE is above the 100 year than it is either in the 500 year or out of the floodplain all together.

    Flood Insurance will not be required by your mortgage if your BFE is above the 100year and FEMA (I believe) only offers insurance to those within the 100yr Floodplain or floodway. Your normal insurance carrier can offer you flood when above the 100yr and the rates are much much lower. (I.E. for $200k inside 100yr its about $1000/yr through FEMA compared to $200/yr outside the 100yr through Nationwide).

  12. Hello

    Save the sawdust that doesn't contain paint. Dig out some of the bondo. Mix the sawdust with carpenters glue (clear) and fill the hole. It will match very well. Note that it doesn't stain well but it is great for natural finishes.

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