Condo Auction Priced Below Mn Mls Listings
Own a Minneapolis condo for less than half the prices listed in the mn mls. The 27 story condominium building called The Skyscraper Condominiums offers great city views in the 248 unit tower of glass and top class building. It resembles a bedecked jewel of mirrors that reflect the buildings around it with two crowns at the top. Imagine the mirror carpet of snow revealed from all sides of the glass tower in the Minneapolis winters. It appears, in the distance, as part of the panoramic view of the city yet on clear sky spring days, its color turns as blue as the sky itself.
26 units are up for auction at less than half the mn mls listings due to the recession that has hit hard in most American cities and especially in mid-western cities. According to some of the auction representatives, the auction sale will show that there is a change happening in the economy for the better and that there is a demand for penthouses in the condo downtown market of Minneapolis. Still, current condo owners of the property worry of a fallout in property values should the auction fail to bring in enough new tenants. With prices as low as these others forecast that there may be more investor owned condos than tenants in the building.
Bids start at $125,000 for a one-bedroom condo on the 22nd Floor. Top bids are $450,000 for a three-bedroom-den penthouse. Bids at auctions usually go higher than their starting prices. Actual auction prices are expected to be sold at 40% below list price. This could be the exceptional offer of the year to investors who can turn around and sell the properties still for far below downtown condominium values that are listed in the Minneapolis mls. Moreover, the properties offered for auction are on the highest floors of the building which usually command much higher prices and have the best views too.
There are over 30 buildings in the Minneapolis region that are considered the tallest buildings in the metropolitan twin city. The first building of skyscraper proportions was built in 1906 and is 14 floors high. It is Minneapolis City Hall. Many of the newer and tallest buildings were constructed in the 1970's and the 1980s. The tallest building in Minneapolis is the IDS Building. It is a glass structure like The Skyscraper Condominiums, but it is has 57 floors or twice the number of floors as The Skyscraper. The IDS building completed construction in 1973 and is 792 feet tall or 241 meters high. Tall buildings continued to be constructed in the 1990s and in the new millennium. The Skyscraper Condominiums are part of the new construction phase and face of Minneapolis since it started skyscraper construction one hundred years ago. The building sets the standards of the mid-western city as it exemplifies the citizens, culture, nature, and commerce that have become typical of beautiful downtown Minneapolis architecture. The Skyscraper Condominiums also serves as a compliment to the IDS building either in the skyline view of the city or closer up.
26 units are up for auction at less than half the mn mls listings due to the recession that has hit hard in most American cities and especially in mid-western cities. According to some of the auction representatives, the auction sale will show that there is a change happening in the economy for the better and that there is a demand for penthouses in the condo downtown market of Minneapolis. Still, current condo owners of the property worry of a fallout in property values should the auction fail to bring in enough new tenants. With prices as low as these others forecast that there may be more investor owned condos than tenants in the building.
Bids start at $125,000 for a one-bedroom condo on the 22nd Floor. Top bids are $450,000 for a three-bedroom-den penthouse. Bids at auctions usually go higher than their starting prices. Actual auction prices are expected to be sold at 40% below list price. This could be the exceptional offer of the year to investors who can turn around and sell the properties still for far below downtown condominium values that are listed in the Minneapolis mls. Moreover, the properties offered for auction are on the highest floors of the building which usually command much higher prices and have the best views too.
There are over 30 buildings in the Minneapolis region that are considered the tallest buildings in the metropolitan twin city. The first building of skyscraper proportions was built in 1906 and is 14 floors high. It is Minneapolis City Hall. Many of the newer and tallest buildings were constructed in the 1970's and the 1980s. The tallest building in Minneapolis is the IDS Building. It is a glass structure like The Skyscraper Condominiums, but it is has 57 floors or twice the number of floors as The Skyscraper. The IDS building completed construction in 1973 and is 792 feet tall or 241 meters high. Tall buildings continued to be constructed in the 1990s and in the new millennium. The Skyscraper Condominiums are part of the new construction phase and face of Minneapolis since it started skyscraper construction one hundred years ago. The building sets the standards of the mid-western city as it exemplifies the citizens, culture, nature, and commerce that have become typical of beautiful downtown Minneapolis architecture. The Skyscraper Condominiums also serves as a compliment to the IDS building either in the skyline view of the city or closer up.
