If you watched any college football through Comcast on Saturday afternoon, you might have caught a new ad announcing price cuts on select condos at Eastgate Village, New West Realty‘s mixed-income development in Bronzeville.
According to New West’s Web site, a few of Eastgate Village’s two- and three-bedroom condominiums have seen cuts of $86,000 to $100,000. A two-bedroom / one-bath originally listed in the $280s is now priced in the $180s, representing a 34-percent reduction, while a three-bedroom / two-bath listed in the $380s is now priced in the $290s, or 22 percent lower.
The site doesn’t give any details beyond that, but there are a couple of homes on the MLS that match up with both the bed and bath counts and the original prices of these discounted units. Presuming they’re the same homes (or similar, at least), the two-bedroom is a first-floor unit with a gated patio, while the three-bedroom has 1,450 square feet and a “huge balcony.” The listing also mention a “great rent-to-own opportunity,” which is probably the 75-percent escrow plan announced in April.
Beyond these homes, New West has listed eight other two-bedroom condos ranging in size from 823 to 1,288 square feet and in price from the $220s to the $350s (all of which appear to have FHA approval), and two two-bedroom townhomes with 2,259 to 2,543 square feet, priced in the $530s and $540s.
Eastgate Village was originally planned as a four-phase, 300-unit development bounded by 25th and 26th streets, Prairie Avenue, and Dr Martin Luther King Dr. To date, two phases have been completed.