9
« on: April 05, 2017, 08:56:19 PM »
Thanks for chiming in, everyone! My theories were along the lines of what Cliffjumper suggested. We don't have the alluring gardens of many of the buildings in the historic district, and the lack of elevator could be a turnoff. I was also wondering if being zoned for 212 as opposed to 69 might be a flag for some couples with young kids. I hadn't actually considered the noise issue with the school abutting our back yard, though I can imagine this would be frustrating for anyone who worked from home. I was also wondering if the fact that the buildings are individually managed (as Dodger mentioned) might be a concern for some people. When we do have an assessment, I'm guessing the cost per apartment is higher since there are only 10 units per building.
That said, we pay pretty close attention to the listings in the neighborhood and are shocked that the 2 bed/1baths going up for sale now are often priced at a 50% or greater premium compared to what similar units in the Colonials go for. We don't have a flip tax and maintenance in our building is right in line with others on a per-square-foot-basis. Our building, while more than a century old, is in great shape, and as others have mentioned we love the layout of our apartment. I guess I better check out some of the open houses this weekend to see for myself how all these new listings compare!