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bmorescottamanda

414 Water Street

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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)

ren_mid.jpg

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construction pics

Photographs%20414%20Balto%2029.jpg

Photographs%20414%20Balto%2028.jpg

Photographs%20414%20Lockwood%2029.jpg

Photographs%20414%20Lombard%2028.jpg

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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.

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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

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

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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.

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

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