414 Water Street

[bmorescottamanda]

70% of the condos at 414 Water St are already sold and it's not even topped off.

[urbanvb]

414 Water Street

Located in the Charm City district in Baltimore, the 414 Water Street condos and luxury residence

homes are now selling in the pre-construction phase of this real estate property development

project that will take approximately two years to complete. (31 stories)

construction pics

[bmorescottamanda]

They start at as low as 210,000.

[urbanvb]

They start at as low as 210,000.

That's an amazing price. I can see why 70% is already sold. I wonder what the maintenance fees are though.

[bmorescottamanda]

That's an amazing price. I can see why 70% is already sold. I wonder what the maintenance fees are though.

PURCHASE ANALYSIS*

100% Financing: Conventional 30-year Fixed

Purchase Price $208,900.

Downpayment $0.

Loan Amount - 80% 1st Mortgage @ 7.5% $167,120.

Loan Amount - 20% 2nd Mortgage @ 9.25% $41,780.

Monthly Analysis

1st Mortgage - Principal and Interest $1,169.

2nd Mortgage - Interest Only $344.

Estimated Monthly Real Estate Taxes * $153.

Estimated Condominium Fee ** $298.

Total Estimated Monthly Payment

$1,964

[urbanvb]

Great. How many sq feet can one expect to get for that amount of money?

[Baltimore]

Great. How many sq feet can one expect to get for that amount of money?

Looks like the base 1 bed, 1 bath is 662 sq. ft.

http://www.414waterstreet.com/floors.html

[bmorescottamanda]

Web site for the floor plans.

http://www.414waterstreet.com/floors.html#

[RobtheWrecker]

And for that money you are just steps away from Baltimore's infamous Red Light district "The Block".

What is interesting about that building is that when the initial parking garage was constructed it was layed out wrong. The building actually encroachs about 2 feet into the adjacent property to the north. That has got to be pretty expensive 2 feet of real estate.

[krazeeboi]

Anyone have any recent construction pics?

[bmorescottamanda]

It won't let me put the pictures on this page but here is the web site. It's the pictures from the construction start to now.

http://www.baltimoreguy.com/photogallery/0...to%20Album.html

[urbanvb]

That's a great find and it shows off Baltimore's density.

[bmorescottamanda]

I heard that 85 to 90% of them are already pre-sold now.