Five Bargain Condos For Sale in Lakewood
Local realtors say that now is the time to buy a condominium.
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The Carlyle, at 12900 Lake Avenue, has a couple units for sale — one for $139,900 and the other at $135,000. Local realtors say its a buyers' market for condominium sales.
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ian king
6:19 pm on Tuesday, September 4, 2012
The realtors' perceptions of the condo market may be true. I had a friend visiting from Chicago and she couldn't believe a condo she saw at the super deluxe Meridian Condo Building on Lake Avenue. She said a comparable condo, if you could find it in Chicago would be at least $ 500,000! The one she looked at with a Lake Erie view, private balcony, plus indoor and outdoor swimming pools, tennis court, and a 24 hour gym was under $200,000! -- with indoor parking space included! She said the Meridian Condo Building seemed like it was a hotel with all its amenities, including a 24 hr. doorman!, and wish she could relocate here just to live at the Meridian! Based on my friend's glowing praises about the real estate bargains in Lakewood, I think Lakewood's powers that be should aggressively advertise Lakewood's affordability and its Lake Erie/Big City of Cleveland proximity. We often forget how beautiful Lakewood is and how great our cost of living is compared to so many other cities in the USA.
Susan Kaminski
2:40 pm on Wednesday, September 5, 2012
Ian, I had family members from Chicago (downtown dweller) and Dallas visit recently and they, too, remarked about the low prices for condos and homes in Lakewood.
I don't think $300+K for the townhouses is such a bargain, however.
A note of caution to anyone thinking of purchasing - find out any major repairs or updates that owners will be assessed for. I know of a building that had extensive underground garage repairs and the assessment per owner was quite steep. Not sure how to find that information out but it's a good question to ask.