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Old 05-28-2009, 11:19 PM
 
1 posts, read 4,949 times
Reputation: 10

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So I have been planning my move downtown from West O for the past few months and I guess I need to know more about the market. I have been looking for a nice 2 bedroom condo with good views (I think that's all apart of living in the heart of downtown!) but have run into a few strange things.

I really like the views from 1600 Farnam condos and was interested in maybe buying until I saw what I think are crazy disparities in units! I've seen what looked like an old carpeted apartment for 175k and a completely renovated 775 sft unit for 164k...what's the deal? The property values must really be up and down. Then I saw in another post that these were converted from apts a few years ago.

Now I'm seeing a ton of rental offers on craigslist for 1600 condos ranging from $750 to $900 for virtually the same size!

What's going on with this building? Why is everyone trying to get out or rent out? Is there something I'm missing? Maybe I'm blinded by the view?

Should I stay or should I go? I'm now thinking of the Renata at Brandeis...but for a $1225 rental I'll be looking at a brick wall!
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Old 05-29-2009, 12:02 AM
 
Location: Downtown Omaha
1,362 posts, read 4,192,724 times
Reputation: 526
I'd take 1600 over the Renata in a heartbeat.
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Old 11-03-2009, 08:46 AM
 
1 posts, read 4,598 times
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The Farnam 1600 is almost full. Recently there were only 6 units for sale out of 80. Also, the ratio of rented units vs owner occupied units is limited by the condo association.
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Old 11-03-2009, 10:11 AM
 
3,284 posts, read 2,851,559 times
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1600's are very small (from what i've seen) kind of like the paxton. I wasn't impressed.
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Old 11-03-2009, 04:18 PM
 
Location: Omaha Nebraska and dreamland when I am sleeping
3,096 posts, read 6,460,433 times
Reputation: 524
not sure.


would like to see them do something with 16th street in general.


too many boarded up buildings or empty buildings on 16th street
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Old 11-04-2009, 03:14 AM
 
Location: Omaha: the land cab rides!
49 posts, read 143,796 times
Reputation: 16
Quote:
Originally Posted by billiefan2000 View Post
not sure.


would like to see them do something with 16th street in general.


too many boarded up buildings or empty buildings on 16th street
a lot of areas of the city could use some business development too.
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Old 09-06-2010, 01:59 PM
 
1 posts, read 3,858 times
Reputation: 11
I understand what people are talking about but when it comes to city livin people need to consider what floor they are renting on, what direction their windows are facing & the over all security of the property. Floor level, view and paid security does increase the price of two different apartments that may share the same street or square footage. I have lived at Farnam 1600 before and the quietness that the inside of the building provided was wonderful, the security of being able to park my car in a secured garage connected to my apartment gave me peace of mind & the view I had was towards the city. So, a few extra dollars for all that was an expense I was willing to pay while living in the city. This is not New York or LA. If the price of the city is to expensive then do what 85% of the employees of Omaha do & buy or rent a house 10-15 miles away from the city & drive to work. City living and Farnam 1600 was a pleasure for me & my friends.
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