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What does misc think of this condo I want to buy
12-07-2023, 10:08 PM
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#31
- bigcat3655
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Originally Posted By TugOfPeace⏩
Then the taxes. Sorry, $1600, not $1700. Still a lot before even 1 penny towards the mortgage.How you getting $1700? It's $1090 HOA fee.
12-07-2023, 10:13 PM
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#32
- TugOfPeace
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Originally Posted By bigcat3655⏩
$473 taxesThen the taxes. Sorry, $1600, not $1700. Still a lot before even 1 penny towards the mortgage.
$250 utilities
$167 management fee
$673 HOA fee
in reality the HOA fee is $673, I assume the management fee is some BS charge but idk. it doesn't really seem that egregious to me.
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12-07-2023, 10:13 PM
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#33
- Onlinedatingcel
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Year Built 1951
Is this good or bad? Seems kind of old where I'm from.
Is this good or bad? Seems kind of old where I'm from.
12-07-2023, 10:15 PM
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#34
- ispy
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looks alright. hoa is kinda high, though it says that everything's included? also looks like it's a recent full renovation, so you wouldn't have to deal with the headache of doing it yourself. probably also a big plus if you can rent a parking spot from them without having to sit on a long wait list.
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12-07-2023, 10:40 PM
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#35
12-07-2023, 10:53 PM
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#36
- TugOfPeace
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Originally Posted By Hmatt330⏩
Lived there nearly 10 years, it's a great place.bro i want to move to chicago for the affordable real estate. you recommend?
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12-07-2023, 10:56 PM
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#37
- 6gorillion
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Originally Posted By TugOfPeace⏩
aren't the winters brutal?Lived there nearly 10 years, it's a great place.
12-07-2023, 10:59 PM
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#38
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Originally Posted By 6gorillion⏩
I like the coldaren't the winters brutal?
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12-07-2023, 11:12 PM
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#39
- Sevenlionz
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Mirin extremely hard. Aesthetic condo like that overlooking water in a big city is top tier
12-07-2023, 11:16 PM
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#40
12-07-2023, 11:25 PM
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#41
- broseidon
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Holy ****. I thought everyone was going to be like WTF at that HOA fee but it sounds kinda normal?
$1100 a month for HOA fee blows my mind. I live in one of the most expensive cities in CO and they are like $400 here or so.
That looks sweet but those prices are insane. My house is worth over 4x that and thats what I pay in property tax and no HOA.
$1100 a month for HOA fee blows my mind. I live in one of the most expensive cities in CO and they are like $400 here or so.
That looks sweet but those prices are insane. My house is worth over 4x that and thats what I pay in property tax and no HOA.
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12-07-2023, 11:28 PM
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#42
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Originally Posted By broseidon⏩
There are simply no properties with that kind of view without an HOA fee.Holy ****. I thought everyone was going to be like WTF at that HOA fee but it sounds kinda normal?
$1100 a month for HOA fee blows my mind. I live in one of the most expensive cities in CO and they are like $400 here or so.
That looks sweet but those prices are insane. My house is worth over 4x that and thats what I pay in property tax and no HOA.
$1100 a month for HOA fee blows my mind. I live in one of the most expensive cities in CO and they are like $400 here or so.
That looks sweet but those prices are insane. My house is worth over 4x that and thats what I pay in property tax and no HOA.
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12-07-2023, 11:45 PM
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#43
- OrdoAbchao
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If you can easily afford it maybe, but that HOA of $850 is rough. Looks like a shiit tier "fitness center" and no pool for the building. The price is great but that is because the HOA seems high (I could be completely wrong for gold coast/streeterville area) and you can never get rid of that HOA. If you have a poorly run board and an old building you could be looking at HOA increases consistently and possibly large special assessments in the near future. That is always a big turn off for me knowing that even if you pay your mortgage off you will probably still owe over $1,200 a month for the place.
I have probably an even smaller 1bed/1bath place in Logan Square (with no view but very close to the blue line) and the HOA is $200 a month and a special assessment of $164 a month for one more year. I can live with paying less than $500 in guaranteed HOA fees once it is paid off but I don't think I'd be comfortable owing much more than that monthly. It's a tough call, but that location is HNNNNNGGGGin the summer. If you have a good agent they should have a better breakdown of comps in the area.
I have probably an even smaller 1bed/1bath place in Logan Square (with no view but very close to the blue line) and the HOA is $200 a month and a special assessment of $164 a month for one more year. I can live with paying less than $500 in guaranteed HOA fees once it is paid off but I don't think I'd be comfortable owing much more than that monthly. It's a tough call, but that location is HNNNNNGGGGin the summer. If you have a good agent they should have a better breakdown of comps in the area.
What are you on about mate?
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