Maria Walley, Realtor
high rise condos | Cincinnati Condo Connection

Eden Park Condo with River Views at Edgecliff

 

 

Check out this beautifully renovated condo in Eden Park.  The cabinetry and appliances are sleek European designed and very neutral.  This gorgeous building as built in 1966.  This unit was formerly a three bedroom condo which was converted to a two bedroom condo to make a larger living space.  The floor plan is very open with plenty of storage space.

Living at the Edgecliff is like living at a spa.  Take a walk or run in the park designed by Fredrick Law Olmstead, the landscape designer for Central Park in New York. After you’ve finished, go to the hair salon at the Edgecliff for a pedicure or other spa treatment and then you can bask in the sun at the pool. When you’ve had enough of the pool you can head upstairs to take a nap or watch the sunset and then pop down to Le Bar A Boeuf, Jean Robert de Cavel’s restaurant downstairs for a lovely French dinner.

Call Maria Walley for a private showing. (513) 235-3996.  Or email mwalley@comey.com

This unit is agent owned.

Rare 3 Bedroom Edgecliff condo in Eden Park

The three bedroom condos are sought after and don’t come on the market very often.  This 17th floor condo just came on the market. It has a beautiful view of the Ohio River and the Kentucky Hills.  It has lovely built in cabinetry throughout the condo.  It comes with all of the amenities of the Edgecliff such as doorman, pool, Le Bar A Boeuf Restaurant, fitness room, guest suite and party room.  The HOA also includes heat, water, air conditioning and trash.  Call Maria Walley today to book a private showing (513) 235-3996 or email mwalley@comey.com

Columbia Tower Condos Best Value East Walnut Hills

5 minutes from downtown and close to East side neighborhoods, this East Walnut Hills midrise building offers amenities, security, convenience and views.  This 1 bedroom 1 bathroom condo is offered at $79,000.  The building has a gorgeous pool with a river view and a gym.  See listing page for more details about the unit.

 

See Columbia Tower page for more information about the condo community.

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See listing page for more detail.

Large Double Condo at The Edgecliff in Eden Park

This condo was previously 2 one bedroom condos combined into one stylish 2 bedroom condo with an open floor plan and gorgeous master suite.  It also has a double balcony (44 feet long) that overlooks Eden Park in East Walnut Hills.

This luxury condominium is perfect for entertaining.  It has an open kitchen with an island and a separate bar area. It comes with two garage spaces and a storage unit.  The Edgecliff Private Residences has abundant amenities including a French restaurant by Jean Robert de Cavel, Le Bar a Boeuf. 24 hour concierge, fitness center, guest suite, party room and onsite management.  There is also a hair salon and doctor’s office for the resident’s convenience.

 

Edgecliff Private Residences #1108- 1 Bedroom, River & City Views $170,000

River view condo at the Meridian #701

Is it Better to Buy a Condo Pre-construction or as a Resale?

This is often a topic of concern.  I’ve heard many people state that condo values do not go up because condominiums are commodities.  It’s not that simple.  The same rules apply to single family homes.  LOCATION. LOCATION. LOCATION.  Got that?

New Construction

The Value of New and Choice

I’ve found that a lot of people really value the newness of new construction.  They love choosing their finishes and living in a unit that no one else has lived in. You have the opportunity to pick the best view, floor plan and all of your finishes.

The Developer Needs You

Those first few buyers can often negotiate a bit more than later buyers.  The developers typically need to presell a certain percentage of units (70%) to get financing for the project.  While they are not inclined to reduce prices in a good market, they are often happy to give you some upgrades just to book the sales.  They know that the first few are the hardest to sell, once they have sold a good percentage of them other buyers will hop on the train and buy too.

Lock in Pricing

In an upward moving market, you are purchasing tomorrow at the market price today.  I’ll gladly pay you for a condo tomorrow.

Discounted HOA Assesments

If you aren’t there that long, this may be a good thing.  The developer wants to sell unit and is not worried about putting the funds away today for problems that may develop 20 years from now.  HOA payments will increase with time. They always do.  Expect them to increase at the rate of inflation.  It’s just good planning.

Tax Abatements

Many cities including Cincinnati offer generous tax abatements for new construction.  10 to 15 years at reduced prices.  Leed Certified is the best but any tax abatement can save you a lot of money over the years.

Construction Noise & Mess

New construction can go on for years.  Are you ready to live with the noise, dust and construction workers? Think about this if you are retired and home all day or if you work from home.

Who Controls the Building?

New construction is more complexity.  How long will it take and when will the homeowners get control from the developer. The goal is for the homeowners association to run the building, but all new buildings are run by the developer until certain milestones have been met by the developer.

New Construction has More Complexity

How long will it take and when will the homeowners get control from the developer. Will it sell out or will it maintain it’s pricing?  Will the developer have the financial wherewithal to complete the project?  Low inventory today means less to worry about but that wasn’t always the case.

Reasons to Buy a Resale Condo

Location and View

Often the best locations and views are the older buildings.  Most cities were developed a long time ago and people still want to be near downtown or to have views of water and minutes.  River view and ocean view condos were usually built long ago.  Park views are also sought after and the more established a park is the more expensive homes near it. There are always exceptions to this especially in newly revitalized cities.

Discount

Resales may have dated interiors or are being sold under a bit of distress.  People get old and move to assisted living and sometimes their families are left to sell the units and aren’t as emotional as the owner.  If you are willing to renovate, you can often get a very good deal and a good view.

The Community is Already Established

Once the building has been inhabited for a while, the community is established.  They have institutional knowledge, a  board and management with knowledge of the building.  It can take a while to establish boards and processes. In a resale you can tell if the building is a quiet building made up of retirees and professionals or a rowdy building with young professionals and students.  Some buildings are more social than others.  It’s helpful to know which type of community you are seeking.

Size matters

New construction for the most part tend to be smaller units with higher SF costs. The exception is the luxury market.  In Cincinnati, many of the new construction seem to be either 3,000 plus SF and over $1 million dollars or 1,000 SF and $300,000-400,000. Developers need to make money and are making smaller and smaller condos.  Micro condos and one bedroom condos are becoming more prevelant.

Better Quality Building

Older buildings are often built better.  Older condos were often made of better materials by better craftsman.  Some new buildings can be pretty but not so well made.  Take the time to learn about the developer. I’ve known more than one buyer who bought new construction only to find out that they can hear the neighbors walking above them.  Consider a newly developed older building for the best of both worlds.