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Old 12-30-2007, 09:25 PM
 
8 posts, read 32,416 times
Reputation: 14

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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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Old 12-31-2007, 08:06 AM
 
Location: East Tennessee
3,928 posts, read 10,654,864 times
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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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Old 12-31-2007, 09:41 AM
 
Location: Riverview, FL....for now.
1,404 posts, read 5,284,313 times
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Quote:
Originally Posted by ijehan View Post
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.
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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Old 01-02-2008, 06:15 AM
 
Location: Lakeland, FL
523 posts, read 2,678,801 times
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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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Old 01-02-2008, 03:01 PM
 
Location: Tampa, FL
27,798 posts, read 28,015,381 times
Reputation: 14611
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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Old 01-03-2008, 11:05 AM
 
8 posts, read 32,416 times
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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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Old 01-04-2008, 09:06 AM
 
Location: Tampa, FL
27,798 posts, read 28,015,381 times
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Mind sharing details (ie association fees, taxes, insurance costs) for us in the market for condos?
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Old 01-05-2008, 02:46 PM
 
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The tax is $150/month and HoA is $240. I have no clue on insurance
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Old 01-05-2008, 04:10 PM
 
Location: Tampa, FL
27,798 posts, read 28,015,381 times
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Likely insurance is in the HOA. Often it is. Thanks.
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Old 01-05-2008, 04:13 PM
 
8 posts, read 32,416 times
Reputation: 14
HoA clearly mentions that Insurance is not included in HoA
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