Looking for condos for sale in Lafayette Square? PREA Signature Realty just listed a new condo for sale in Lafayette Square at 1303 Missouri - Unit C located 1 block North of Lafayette Park. This condo in Lafayette Squarehas been recently updated with new flooring, carpeting, HVAC and water heater and is in move-in ready condition.
This condo in Lafayette Square is ideal for a young professional or first-time home buyer who is interested in purchasing in Lafayette Square. Here are a few benefits of purchasing now:
$8,000 Federal First-Time Home Buyer Tax Credit - Pay down your mortgage, use to pay your first 10 mortgage payments, make improvements to the property, or purchase new furniture or appliances.
Cheaper than Rent-Assuming a 3.5% down payment, a 30 year fixed rate loan, and interest rates at 5%, your monthly mortgage payment would be approximately $750 per month. The current average rental rate for condos and apartments in Lafayette Square is $1.00 per sq. ft.. At 931 sq. ft., this condo would rent for $931 per month. By purchasing, you save $2,160 per year compared to renting.
Tax Benefits - Although you will pay interest on your loan and will be responsible for the payment of real estate taxes ($1,134 per year), you able to deduct these items on your federal and state income tax returns.
Wealth Building - Lafayette Square is an established neighborhood with a history of price appreciation over the past 15 years. In 2008, contrary to national and regional trends, Lafayette Square saw an increase in median sales price of 8%. Although historical appreciation trends may not continue in the future, real estate has been shown to be a key component in building wealth.
Low Maintenance - Unlike single family homes, condominiums with an adequate capital reserve can offer two major benefits - low maintenance and predictable expenses.
PROPERTY FEATURES
This condo for sale in Lafayette Square offers the following features and benefits:
Bedrooms: 2
Bathrooms: 1
Sq. Footage: 931 sq. ft. (per city tax records)
Parking: 1 Off-Street Assigned Parking Space
Exterior Facade: Brick
Living Room: 13.6' x 15', Windows with Eastern Exposure, Wood Burning Fireplace with Mantel, and Pergo Wood Floors
Dining Room: 12.9' x 11.4', Windows with Eastern Exposure, Open Floor Plan, Mirrored Ledge, and Pergo Wood Floors
Kitchen: 8.8' x 8.7', Eat-In Breakfast Bar, Double Bowl Ceramic Sink, Dishwasher, Microwave, Stove, and Refrigerator, White Cathedral Cabinets, Red Laminate Countertop, Pantry and Ceramic Tile Floor.
Master Bedroom: 13.9' x 11.6', Newer Carpeting and Pad, and Large Wall Closet
Guest Bedroom/Office: 13.6' x 11.6', Pergo Wood Floor, Large Wall Closet and Access to Deck
Bathroom: Full Bath with Shower/Tub, Ceramic Tile Floor, and New Toilet.
Systems: Newer HVAC and Water Heater
Windows: Some Window Treatments and Some Storm Windows
Deck: Semi-Private Wood Deck
CASUAL LIFESTYLE
The condo for sale is located just South of Downtown St. Louis and minutes from Downtown St. Louis or Clayton in the historic Lafayette Square neighborhood. Here are some of the benefits of this great location:
Public Transportation - Located on the Convention Center bus line and within walking distance of the Metro Station at Union Station
Interstate Highways - Central Location with Easy Access to Highways 44, 55, 64 and 70
Hospitals - Minutes from St. Louis University Hospital, Barnes-Jewish and the Washington University Medical Campus
Universities- Short drive to the college campus of St. Louis University, Harris Stowe State College, Fontbonne, Webster University, Washington University, and the St. Louis College of Pharmacy
Arts and Entertainment - Short drive to Grand Arts District, Fox Theatre, CitiGarden, Washington Avenue Clubs, The Landing, and Soulard
Restaurants- Walking Distance to Lafayette Square restaurants such as Vin de Set, 1111, Ricardo's, 33 Wine Bar, Bailey's Chocolate Bar, Arcelia's, Sqwires, and more
Dog Park- Soulard
Park - Walking Distance to Lafayette Park
Neighborhood Events- House Tour, Christmas Parlor Tour, Summer Concert Series, Movies in the Park, Tour de Lafayette Bike Race, Perfectos Baseball, Health and Wellness Fair, and Much More
Farmer's Market- Walking Distance to Soulard Market
Fitness - Fitness trails in Lafayette Park, bike lanes on Park and Lafayette, 1 block West of Lafayette Pool & Tennis Club, and short walk or run to local fitness clubs
Airport - 16 miles to Lambert St. Louis International Airport
Lafayette Square offers a great, new lifestyle. Whether you enjoy reading a book, having a class of wine or walking tree lined streets looking at great examples of Victorian architecture, Lafayette Square has something for everyone.
Interested in purchasing a townhome in Lafayette Square? Contact Ryan Shaughnessy at PREA Signature Realty at 314-971-4381.
Need more information on City Living?Visit our neighborhood blog at www.LafayetteReport.com.
PREA Signature Realty is a full service brokerage located at 1709 Park Avenue in the Lafayette Square neighborhood of the City of St. Louis. PREA Signature proudly serves the following city neighborhoods: Lafayette Square, Soulard, Benton Park, Benton Park West, Downtown Loft District, Forest Park Southwest, Central West End, Tower Grove East, Tower Grove South, Compton Heights, Shaw, The Hill, Dogtown, Carondelet, Holly Hills, St. Louis Hills, Dutchtown, and the Other Historic Neighborhoods of the City of Saint Louis, Missouri.
The opinions expressed herein represent the opinions of the author only and do not reflect the opinions of PREA Signature Realty. All photos and written content were produced by PREA Signature Realty. All Rights Reserved - PREA Signature Realty (2009). This content may not be reproduced or reprinted, except for Active Rain re-blogging, without express written permission of PREA Signature Realty.
I like the way you have your listing advertised. It covers all areas of why its beneficial and a good choice for the consumer. Looks like a great condo. Have a great night.
Ryan - This has got to be one of the best presentations I've seen to market a listing. I've used OneTrueMedia for family photos but never thought of using it for a listing. Very nice!!!
Donna - Thanks. I am using new platforms for video and photos. OneTrueMedia just happens to be the first that I tried. I have 3 or 4 more to test drive.
Janice - Video segments are just off of my cell phone. The video is edited by clip in OneTrueMedia and I use their effects to hide the flaws in the video. Pretty easy.
A Blog for New Home & Other Sales Professionals and for Sellers and Buyers Interested in City Living
PREA Signature Realty proudly serves the communities of Lafayette Square, Soulard, Benton Park, Benton Park West, Downtown Loft District, Forest Park Southwest, Central West End, Tower Grove East, Tower Grove South, Compton Heights, Shaw, The Hill, Dogtown, Carondelet, Holly Hills, St. Louis Hills, Dutchtown, and the Other Historic Neighborhoods of the City of Saint Louis, Missouri.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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Great new listing. Good luck for a speedy sale!