The Ellington Lofts Auction

[dcmorrison12]

I checked out the Ellington Lofts today since they are putting on this auction on may 9th. The prices are insanely cheap [[I know, it's just a starting bid, but still) - most are going for 50 to 60 % off the original price. The lofts are fantastically beautiful with magnificent views of the city. You can get a two bedroom corner loft, with spectacular views and a great patio for 115,000 starting bid. The economy is bad and with the 25 remaining lofts that are up for bid, only about 10 people have pre-registered to attend the may 9th auction. If the number stays that low, you'd have a great chance of getting the lofts as cheap as the starting bid.

[buildingsofdetroit]

I checked out the Ellington Lofts today since they are putting on this auction on may 9th. The prices are insanely cheap [[I know, it's just a starting bid, but still) - most are going for 50 to 60 % off the original price. The lofts are fantastically beautiful with magnificent views of the city. You can get a two bedroom corner loft, with spectacular views and a great patio for 115,000 starting bid. The economy is bad and with the 25 remaining lofts that are up for bid, only about 10 people have pre-registered to attend the may 9th auction. If the number stays that low, you'd have a great chance of getting the lofts as cheap as the starting bid.

I've seen a couple of those auctions around town. I know the Riverfront condos just did one.

[LodgeDodger]

I checked out the Ellington Lofts today since they are putting on this auction on may 9th. The prices are insanely cheap [[I know, it's just a starting bid, but still) - most are going for 50 to 60 % off the original price. The lofts are fantastically beautiful with magnificent views of the city. You can get a two bedroom corner loft, with spectacular views and a great patio for 115,000 starting bid. The economy is bad and with the 25 remaining lofts that are up for bid, only about 10 people have pre-registered to attend the may 9th auction. If the number stays that low, you'd have a great chance of getting the lofts as cheap as the starting bid.

Did you find out the association fees for the Ellington? Just curious.

[dcmorrison12]

it ranges, depending on what loft layout you want. They are a bit high - anywhere from 200 to 400 a month, but you get a free covered/guarded parking spot in a parking structure [[which connects to the building by an enclosed walk way on the 2nd floor), the public spaces are cleaned twice a week and look spectacular, it helps pay for security, and there is a fitness room that you can use.

[LodgeDodger]

it ranges, depending on what loft layout you want. They are a bit high - anywhere from 200 to 400 a month, but you get a free covered/guarded parking spot in a parking structure [[which connects to the building by an enclosed walk way on the 2nd floor), the public spaces are cleaned twice a week and look spectacular, it helps pay for security, and there is a fitness room that you can use.

Thank you, dc. $200-400 isn't as steep as other places in town. Those are nice condos.

[Ocean2026]

For $115k you can buy just about any house you want. Remember last month's median price was $5816 to say its a buyer's market is an understatement.

So its 50% off what it was a couple of years ago? Big Deal There's a building on Jefferson and many in Brush that go for 15% of their 2005 price.

[LodgeDodger]

For $115k you can buy just about any house you want. Remember last month's median price was $5816 to say its a buyer's market is an understatement.

So its 50% off what it was a couple of years ago? Big Deal There's a building on Jefferson and many in Brush that go for 15% of their 2005 price.

Uhhhh...you've never been inside these buildings on Jefferson and in Brush Park, correct?