The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (60035)	9/27/2006 3:51:40 PM
From: Les H	Read Replies (2) of 306849

CLASS EXERCISE Two adverts for rentals in a condo conversion they planned to sell for $ 250-280K per unit. $ 1045/mo for 1br realtor.com $ 1225/mo for 2br realtor.com I would expect condo fees and association dues running at least $ 350/mo. Condo fee includes water, gas heat, and cable service. Occupant responsible for other utilities, electric and phone service. Real estate taxes for expected sale price $ 250/mo. What do you reckon the units are worth?

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