Work Downtown, But Don't Think You Can Afford To Live Downtown? Think Again!
Check out these great buys! All are priced below $200,000! Features include:
- 1 Bedroom
- 1 Bath
- 1 Parking Space
- Cable TV Hookups
- Central Air
- In-Unit Laundry
- All this…priced below $200,000!
Union Point: $159,900
"Urban Living Redefined!" The lofts at Union Point are the Beerline's first mixed use hi-rise featuring 71 lofts, shops and cafes! Take advantage of affordable pre-construction pricing. Nine foot ceilings, private balconies, storage locker and underground parking included. Kitchen's feature hardwood floor's, stainless appliances, Corian and maple cabinets. Assn exercise room and clubroom. Estimated occupancy fall '05. Click here for more information on Union Point>>>
The Flatiron: $164,900
"The Flatiron"-The Park East corridor's first new consturction condo project, this mixed used brick and glass design is comprised of thirty-eight unique floor plans. Underground parking and balconies. Ground level retail, public corner plaza and one two story live/work unit. Superb downtown location combined with competition winning design! Reserve yours today!! (Occupancy November'06). Pet friendly. Two dogs OK. Click here for more information on The Flatiron>>>
Cobblers Lofts: $168,900
Rare offering! This is one of just a few units with private enclosed patio and seperate entrance. Large one bedroom condo with southern exposure and oversized windows that allow sunlight to stream in. Living room and dining room combo with twelve-foot ceilings, exposed brick and ductwork add to the charm of this wonderful unit. Kitchen has lots of cabinets, counters, and a breakfast bar. Master bedroom has double closets. Indoor assigned parkingspace included. Walk to Downtown, Water St., Resturants, and Lakefront. Come live the good life! Click here for more information on Cobblers Loft>>>
Please contact David Ray for more information on these units or other affordable condos in and around downtown Milwaukee.
Dream Big! 30th Floor of the New Kilbourn Tower!
Kilbourn Tower: Unit 3000
This full-floor open unit with two balconies is waiting for buyer build-out. Create the home of your dreams complete with the most unbelieveable views in Milwaukee!
Features:
- Top floor unit – full floor open unit
- No Bedrooms, Baths, Rooms...yet. Buyer to build out. Create the home of your dreams!
- Over 6,000 square feet of living space!
- Unbelievable 360 degree views of city and lake.
- Perfect downtown location: Watch lakefront fireworks, walk to Summerfest or Jazz in the Park, and easy access to freeway.
- 2 balconies
- 3 Parking Spaces
- Cable TV Hookups
- Central Air
- In-Unit Laundry
- One of Milwaukee's finest condo units, priced at $2,450,000.
Click here for more pictures and information about this amazing condo.
Or, enjoy the same neighborhood and similar views for much less.
The Knickerbocker on the Lake: Unit 803
Southeast corner on the top floor of the Nationally Registered Knickerbocker. This official two bedroom could also be a spacious one bedroom plus den with french doors leading to the living room. Seller has completely updated with gorgeous hardwood floors, stainless appliances, some new light fixtures, sparkling tile bath and new fixtures, new carpet, euro-blinds, in-unit laundry. Freshly painted with delicious color. One of two only units in the building with central air (arranged by special permit in 2004). Enjoy daily views of the lake and the city.
Features:
- Top floor unit
- Bedrooms: 2
- Baths: 1.00
- Fabulous views of city and lake
- Cable TV Hookups
- Central Air
- In-Unit Laundry
- All this…priced at $208,900
Click here for more pictures and information about this smashing condo.
For more information, contact David Ray at 414.226.4761 X124, dray@shorewest.com, or DavidKnowsDowntown.com.
Bubble Talk & Rate Outlook--What You Can Expect
Kevin Kowalke, Mortgage Consultant & Co-Owner of KLM Mortgage, Inc.
Bubble talk
We will enter the fifth year of the anticipated housing bubble. Yes, for the past four years the media has beat the drum on a looming housing bubble. But all the media bubble hype has only served to hurt those buyers who were scared off from purchasing a home earlier and now see how much more those homes cost.
So is there a bubble? The simple answer is no. But some areas may cool a bit after a torrid run up, especially in the top tier of their price category.
However, a healthy jobs market and low mortgage rates will sustain a solid overall Real Estate market. Don't look for a bust in prices…just a slower rate of appreciation. I expect most of the country to see home prices appreciate by 4% to 7%.
But remember, unlike stocks, home prices do not have specialists or market makers. So many people pay or ask too much for their home. It is funny to see someone buy a home for tens of thousands over the asking price and then wonder why their home has not appreciated. Moreover, some purchase their home for say $200k and then try to sell it a year later for $300k. When no one bites, they say the market is soft. Bottom line, buy your home smart or sell your home reasonably.
Rate outlook
Rates will rise a bit due to some inflationary pressure, but not too bad. Keeping rates at good levels will be continued foreign demand and asset reallocation. Our bonds look pretty good to foreigners, who are offered lower returns in their home country. And the Dollar has been stronger and may offer some bonus returns as the greenback makes further gains against most major foreign currencies. In fact, foreign buying accounts for almost half of bond purchases in the US.
As our population ages, more assets will be reallocated from riskier stocks that provide growth to safer bonds, which provide preservation. These factors should keep fixed rates between 6% and 7%, with an average of 6.5% for the year.
Overall, it looks like 2006 will be a great year. But the busier we get, the easier it is to neglect the more important things in life…including ourselves. To help ensure a great year ahead, take the time to take care of yourself. Make YOU a priority. Hit the gym, get a massage, and have fun. What good is your fortune if you aren't able to enjoy it? I wish you the best from the whole KLM Mortgage Group family for a wonderful 2006!
Kevin Kowalke
Mortgage Consultant
KLM Mortgage Group, Inc.
7119 West North Avenue
Wauwatosa, WI 53213
Phone: 414/453-7620
"The Area's Leading Expert at Turning Renters Into
Homeowners and Homeowners Into a Financial Success."
JSOnline: 2006 expected to be big year for commercial real estate
JSOnline has an interesting and pertinent article about Milwaukee's real estate outlook for 2006. While focusing on commercial real estate, the article also has exciting things to say about downtown real estate in the coming year: "In downtown Milwaukee and its nearby neighborhoods, developers expect the strong demand for housing to continue."
The article goes on to mention developments such as:
- Terraces at River Bluff
- Park Lafayette
- A plan for 140 condos and 26,800 square feet of retail space on 2 acres bordered by N. Milwaukee, N. Jefferson and E. Lyon streets and E. Ogden Ave.
- A proposal for 175 condos and 184,800 square feet of retail space, on 2 acres bordered by N. Broadway, N. Milwaukee St., N. Water St. and E. Ogden Ave.
- A 38-unit condo development, with 2,700 square feet of retail space for a 10,200-square-foot parcel at N. Water, N. Jefferson and E. Pleasant streets.
Click here to read the entire article on JSOnline.
JSOnline: City hopes Manpower spurs growth
JSOnline offers an interesting article about Manpower's move downtown and the impact this might have on further development in downtown Milwaukee:
"Manpower Inc.'s new downtown headquarters will be the centerpiece of a $94 million office complex overlooking the Milwaukee River, which will help spur creation of nearby housing and retail businesses, city officials said Thursday."
This is exciting news for those who live downtown and others who are planning to move to Milwaukee's growing downtown. As more offices open, this brings more commercial development and more residents seeking to live close to work and all the amenities that can be found in and around downtown Milwaukee.
Read more on JSOnline.com.
