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12-30-2007, 10:25 PM
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Junior Member
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Join Date: Dec 2007
8 posts, read 11,237 times
Reputation: 12
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Buying Townhome in Temple Terrace
I am considering moving to Tampa and planning to buy a brand new townhome in Temple Terrace. The community is "Townhomes at Wexford". The builder is quoting a non-negotiable price of 175K for a 3BR/2.5 bath, 1800 sq feet home. I want to know if that is a resonable price to buy as market is shaky and I am new to the area. We would like to reside for 1-2 years and then mayble rent the place out. Wondering if there is a good prospect of renting in that area.
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12-31-2007, 09:06 AM
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Real Estate Agent
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Join Date: Sep 2007
Location: A Cypress Tree Swamp in Carrollwood
2,443 posts, read 1,696,044 times
Reputation: 3053
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I've seen Wexford a couple of times. IMO, I think the price point reflects the remote location. My Jan 2007 price and availability sheet has a range of $177,800 - $201,400 for standard options, so prices have come down a little. And if I remember correctly, most of the units will be owner occupied for a period of time which would keep investors to a minimum. Please verify.
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12-31-2007, 10:41 AM
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A future Mrs!
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Join Date: Oct 2007
Location: Brandon, FL.
1,118 posts, read 882,412 times
Reputation: 191
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Quote:
Originally Posted by ijehan
I am considering moving to Tampa and planning to buy a brand new townhome in Temple Terrace. The community is "Townhomes at Wexford". The builder is quoting a non-negotiable price of 175K for a 3BR/2.5 bath, 1800 sq feet home. I want to know if that is a resonable price to buy as market is shaky and I am new to the area. We would like to reside for 1-2 years and then mayble rent the place out. Wondering if there is a good prospect of renting in that area.
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You can get a larger 3.2 townhome here in Brandon for less than that. I believe they are going for around $150,000 and around 2000 some odd sq. |
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01-02-2008, 07:15 AM
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Senior Member
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Join Date: Dec 2006
Location: Lakeland, FL
511 posts, read 799,381 times
Reputation: 94
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You must be new to area, I would not live that close to Wexford low income apts and the Casino. My sister moved out of wexford apts due to afraid for her 13 to play out there outside.
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01-02-2008, 04:01 PM
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Senior Member
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Join Date: Jul 2007
Location: Tampa Bay
1,356 posts, read 1,095,245 times
Reputation: 263
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Zillow - Real Estate Valuations, Homes for Sale, Free Real Estate Information has comparable prices and recent sales. Recommend you plug in the address on Zillow and see what homes have been selling nearby. I find the price of the condo/townhown isn't the big problem - its the mandatory homeowner's association fees that can sometimes be $300-400/mo.
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01-03-2008, 12:05 PM
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Junior Member
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Join Date: Dec 2007
8 posts, read 11,237 times
Reputation: 12
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The final offer is 172K +5K seller incentives. They would like to keep renters to < 10%. They claim that this area has good renters prospect as it is close to MacDill AFB.
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01-04-2008, 10:06 AM
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Senior Member
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Join Date: Jul 2007
Location: Tampa Bay
1,356 posts, read 1,095,245 times
Reputation: 263
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Mind sharing details (ie association fees, taxes, insurance costs) for us in the market for condos?
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01-05-2008, 03:46 PM
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Junior Member
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Join Date: Dec 2007
8 posts, read 11,237 times
Reputation: 12
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The tax is $150/month and HoA is $240. I have no clue on insurance
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01-05-2008, 05:10 PM
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Senior Member
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Join Date: Jul 2007
Location: Tampa Bay
1,356 posts, read 1,095,245 times
Reputation: 263
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Likely insurance is in the HOA. Often it is. Thanks.
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01-05-2008, 05:13 PM
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Junior Member
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Join Date: Dec 2007
8 posts, read 11,237 times
Reputation: 12
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HoA clearly mentions that Insurance is not included in HoA
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