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Saturday, August 30, 2014

Eastside Property: Get ready to spend more for a Monterey Hills condo

Photo from Redfin.com

It was not too long ago when the  condominium complexes of Monterey Hills had and ample supply of units priced in the $200,000 range.  But condos in that price range are becoming harder to find as asking prices above $300,000 become more common. In fact, last year, a total of eight condos sold for above $300,000, according to Redfin.  Sales of $300,000 + condos got off to a strong start this year, with three sales reported so far. What do you get in this price range?

A new listing that popped up on Valentine’s Day in the Eaton Crest complex looks a bit bland. But the 32-year-old unit, a flip that sold for $264,500 in mid December, includes two bedrooms, two baths, den, balcony and skylight in 1,255-square-feet of space, according to Redfin. How much? The asking price is  $359,000.

One comment

  1. Don’t buy it if you don’t like the price.

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