Advice about condos at 234 Holliday St and 414 Water St 21202 (Baltimore: foreclosures, purchasing)

[fallenapple]

Hi All,

I saw some ads for purchasing condos at 234 Holliday St and 414 Water St. Both had properties in the buildings that had been foreclosed. I was wondering whether there were problems with either development that had caused the devaluation, or whether anyone had experience living there?

Thanks!

[boomtownfunlover]

I'd be curious to know the present ocupancy rate at Water Street.

[KLynch10]

Water St was built at the height of the crash... Which is why there are foreclosures. Not a ton to do right there unless you love Power Plant Live or the Inner Harbor, but it's an easy walk to Little Italy and Harbor East. There will also be a residential renaissance downtown in the next few years which will lead to a lot more retail.

[Miss Crabcakes]

I believe the Holliday St condos were also sold during the height of the crash. I know a tenant there. Nothing wrong with the building. All of the tenants tend to be upper middle class. They just bought at the wrong time.

[picardlx]

414 Water: I wouldn't want to be so close to that trash on Baltimore st. You might have to end-up passing by those clubs every night after a long day's work; I say no, but that's just me.

[fallenapple]

Thanks Guys!