 
Diehard
Member
Username: Diehard
Post Number: 197
Registered: 03-2005
| | Posted on Tuesday, November 13, 2007 - 4:35 pm: |    |
I was talking to a friend over the weekend who's looking to buy a loft downtown. She wasn't having any luck searching through real estate listings, which really surprised me. I know we've had threads on this before, but how about helping me compile a list for her to check out? Much thanks. |
Raptor56
Member
Username: Raptor56
Post Number: 181
Registered: 05-2007
| | Posted on Tuesday, November 13, 2007 - 4:50 pm: | |
Forget Realestate listings, use Google!
http://www.google.com/search?h l=en&q=detroit+loft
Stuberstone Lofts
Merchant's Row
Sixth Street Lofts
http://www.modeldmedia.com/fea tures/loftdesign.aspx
Lofts at Rivertown
http://www.theloftsatrivertown .com/
http://www.modeldmedia.com/fea tures/lofts101.aspx |
Mikie
Member
Username: Mikie
Post Number: 111
Registered: 06-2006
| | Posted on Tuesday, November 13, 2007 - 4:56 pm: | |
Here's a link to the thread I started a few weeks ago. It has a lot of good suggestions for properties to look at.
I decided to take a suggestion from a few people to use a realtor that is familiar with the area which I would also highly recommend. Happy hunting!
https://www.atdetroit.net/forum/messages/5/117454.html
[Moved^ to this thread by admin] |
Lo_to_d
Member
Username: Lo_to_d
Post Number: 20
Registered: 07-2007
| | Posted on Tuesday, November 13, 2007 - 5:26 pm: | |
http://www.detroitnewurbanism.com/
(Message edited by lo_to_d on November 13, 2007) |
Lefty2
Member
Username: Lefty2
Post Number: 670
Registered: 07-2007
| | Posted on Tuesday, November 13, 2007 - 6:46 pm: | |
http://www.theloftwarehouse.co m/ |
Developer
Member
Username: Developer
Post Number: 15
Registered: 01-2006
| | Posted on Tuesday, November 13, 2007 - 8:25 pm: | |
www.ResearchLofts.com |
Jt1
Member
Username: Jt1
Post Number: 10766
Registered: 10-2003
| | Posted on Tuesday, November 13, 2007 - 10:48 pm: | |
Diehard - While not downtown this is a great location, from what I hear a cool building with social residents, close to downtown and close to Belle Isle. Have your friend go after the foreclosed deal:
http://realestateone.com/conte nt/PropertyDetail.asp |
Imperfectly
Member
Username: Imperfectly
Post Number: 258
Registered: 06-2004
| | Posted on Tuesday, November 13, 2007 - 10:52 pm: | |
www.citylivingdetroit.com |
Jt1
Member
Username: Jt1
Post Number: 10768
Registered: 10-2003
| | Posted on Tuesday, November 13, 2007 - 10:53 pm: | |
Another one. While not downtown it is Lafayette Park and people rave about living there.
Foreclosed: 1450 Sq ft, 2 car garage - $50K. I think it may be a co-op so there are probably co-op or association fees but the Lafayette Park people I know are absolute freaks about living there.
http://realestateone.com/conte nt/PropertyDetail.asp |
Baliad
Member
Username: Baliad
Post Number: 76
Registered: 08-2005
| | Posted on Tuesday, November 13, 2007 - 10:57 pm: | |
we're looking to sell our loft in Midtown, you can read an article about it in modeldmedia here: http://www.modeldmedia.com/fea tures/loftdesign.aspx
lemme know... |
Wordonthestreet
Member
Username: Wordonthestreet
Post Number: 154
Registered: 11-2003
| | Posted on Wednesday, November 14, 2007 - 6:41 am: | |
Check out: http://www.austinb2.com
Austin was my Realtor two years ago. |
Long_in_the_tooth
Member
Username: Long_in_the_tooth
Post Number: 75
Registered: 01-2007
| | Posted on Wednesday, November 14, 2007 - 8:12 am: | |
If Corktown interests you.....
check out: www.grinnellplace.com
The realtor is O'Conner Development |
Ndavies
Member
Username: Ndavies
Post Number: 2884
Registered: 10-2003
| | Posted on Wednesday, November 14, 2007 - 9:53 am: | |
She won't find anything in the CBD available today. There are no completed for sale lofts in the CBD at this point in time. Lots of future stuff and Many rentable units, but nothing that can be bought and moved into today.
Everything currently for sale in the CBD is still under construction.
You need to cross over into Brush park, Lafayette Park or Corktown to be able to buy a move in ready unit. |
Jt1
Member
Username: Jt1
Post Number: 10771
Registered: 10-2003
| | Posted on Wednesday, November 14, 2007 - 9:59 am: | |
Looks like I copied the links wrong. The rivertwon one is listing number: 27178875 and the lafayette park one is listing number: 27184679 |
Scdetroit
Member
Username: Scdetroit
Post Number: 4
Registered: 08-2007
| | Posted on Wednesday, November 14, 2007 - 10:15 am: | |
I can vouch that there are some great deals at the Lofts at Rivertown. Quite a few folks purchased multiple units several years back thinking they could flip them quick. Well, when the market dropped and all of these folks' adjustable rates jumped in the last couple years, several units have gone into foreclosure and the banks are pricing them well below what they were originally purchased for. I'm also a resident in the building and am trying to sell my place because I've had a job transfer, but can't compete with the foreclosure deals. Wish I was a buyer right now. I've really enjoyed living here, and would recommend that your friend take a look at this building.
A description of the loft I have for sale is on the classified ads here on DetroitYes (East Riverfront Loft for Sale). A YouTube video is also available in the classified posting.
Happy hunting! |
Diehard
Member
Username: Diehard
Post Number: 198
Registered: 03-2005
| | Posted on Wednesday, November 14, 2007 - 2:05 pm: | |
We used to live at the Rivertown Lofts, when it was rental only. We moved out when we bought our house in EEV. Had we only known they'd go condo, we probably would've jumped at the chance to own the place. Especially if we could've gotten one of the top floor units with a deck. |
Jt1
Member
Username: Jt1
Post Number: 10780
Registered: 10-2003
| | Posted on Wednesday, November 14, 2007 - 2:13 pm: | |
Diehard - I believe that the one I listed is a top floor with a deck. Not positive.
Here is the exact listing for the foreclosed one:
http://www.realestateone.com/c ontent/PropertyDetail.asp?list ingNumber=e27178875 |
Iheartthed
Member
Username: Iheartthed
Post Number: 2187
Registered: 04-2006
| | Posted on Wednesday, November 14, 2007 - 3:17 pm: | |
^$99,000? Really? Wow.
That's the building near Belle Isle right? |
Jt1
Member
Username: Jt1
Post Number: 10783
Registered: 10-2003
| | Posted on Wednesday, November 14, 2007 - 3:18 pm: | |
Yep. I was considering looking into it but am a little unclear on the tax part, especially if it is NEZ and it would be a second property.
Being thqat close to Wendys could be dangerous. |
Diehard
Member
Username: Diehard
Post Number: 199
Registered: 03-2005
| | Posted on Wednesday, November 14, 2007 - 6:21 pm: | |
Amazing. I could have one of those double-decker lofts (which I couldn't afford as a renter), for less than what I owe on my home now, nine years later.
Yes, the real estate biz is seriously farked right now. Probably the first time in history that it sucks to own a home. |
Bobj
Member
Username: Bobj
Post Number: 2806
Registered: 11-2003
| | Posted on Wednesday, November 14, 2007 - 6:27 pm: | |
A friend of mine was trying to talk his wife into selling their home and renting a few years ago - they didn't do it. he reminded me of that over the weekend and how much further ahead he would be financially - not to mention the new air conditioner unit he had to buy. |
Rfrankt
Member
Username: Rfrankt
Post Number: 7
Registered: 03-2007
| | Posted on Wednesday, November 14, 2007 - 7:07 pm: | |
hipcityDETROIT has a great new construction condo project in Brush Park. They also have an upcoming rehab/new construction project on Mack, directly across from the Detroit Medical Center.
Check out www.hipcityDETROIT.com |
Renfirst
Member
Username: Renfirst
Post Number: 109
Registered: 12-2006
| | Posted on Thursday, November 15, 2007 - 12:34 am: | |
I remember reading a thread where an appraiser indicated he noticed a lot of foreclosure lofts in the city...
December will get you deep deep discounts, the banks are looking to clear as much Michigan inventory as they can. |
Mackinaw
Member
Username: Mackinaw
Post Number: 3998
Registered: 02-2005
| | Posted on Thursday, November 15, 2007 - 12:58 am: | |
Details about this Mack Ave. project, please. What do you know about that? |
Rfrankt
Member
Username: Rfrankt
Post Number: 8
Registered: 03-2007
| | Posted on Thursday, November 15, 2007 - 9:53 am: | |
hipcityDETROIT will rehab two vacant homes on Mack, between John R and Brush, along with constructing a nine unit new condo building on the open lot next to 248 Mack. There will be (11) rehab units. This project has received approval from the Historic District Commission and is in the permitting process. |
Bostonedisonrocks
Member
Username: Bostonedisonrocks
Post Number: 25
Registered: 03-2007
| | Posted on Thursday, November 15, 2007 - 3:37 pm: | |
pick up a copy of the Detroit MONITOR - available at most restaurants & super mkts in the city -- it is a great resource for Lofts and other Real Estate. |
Rjlj
Member
Username: Rjlj
Post Number: 421
Registered: 11-2003
| | Posted on Thursday, November 15, 2007 - 3:51 pm: | |
Through Graduate Purchase Assistance (G.P.A.), the Michigan State Housing Development Authority (MSHDA) will offer a loan at approximately 2% below the market interest rate to graduates who have earned an associate's, bachelor's, master's, or doctoral degree within three years prior to applying for the loan. For more information, visit http://www.michigan.gov/mshda/ 0,1607,7-141-7559_9637-169884- -,00.html |
