How Many Condo Parking Stalls Do You Need, And Why Would You Need Them?

How Many Condo Parking Stalls Do You Need, And Why Would You Need Them? How Many Condo Parking Stalls Do You Need?

How Many Condo Parking Stalls Do You Need? This lady has three parking stalls. How Many Condo Parking Stalls Do You Need, And Why Would You Need Them? Does she have three because she needs the space? Note the storage units on both sides. No one is likely to ding her car when loading or unloading storage are they? Her car is in nice shape, so that’s a good reason, right? Maybe she just likes it this way. May we call this reason 1

Mind you purchasing an extra stall in a condominium building can be a difficult quest, in some buildings a costly one. In American Towers you can only own one stall but it’s easy to rent one. That may work. In both Canyon Road Towers and Zion Summit each unit has one parking space attached to the original condo declarations.  You can find them on line at their website. Both of these buildings have several extra stalls with actual tax ID numbers. Where those in the original declarations cannot be legally transferred to another person, the deeded ones can be sold to another owner of those buildings. What should they sell for I am often asked? The answer is that depends. One answer I usually give is don’t sell. With that advice being rejected a few times I have seen them go from $5,000 to $50,000. In one building Kathleen and I lived in we paid $25,000 for an extra stall.

Why do I say “don’t sell”? Having sold a lot of condo’s, lived in 5 in our married life, and having showed many times more than I have sold I am confident that you greatly reduce the numbers of people that would by  your condominium should you not have that extra parking stall. There are in fact numerous potential buyers where having one stall is the only reason they won’t buy your unit. (It’s very much like those whose dog is part of the family and your building doesn’t allow pets.)

Resale value then becomes the biggest reason to have a second stall after your own need should you need it for your own use. Having plenty of room to park your car, well that might be listed as number three.

Larry Cragun – Windermere Real Estate

Residential and Condominium professional.

 

 

Posted on April 26, 2018 at 5:27 pm
Larry Cragun | Category: American Towers, Canyon Road Towers, City Creek Condos, Condominiums, Zion Summit | Tagged ,

Six Popular Downtown Salt Lake City Condominiums

Six Popular Downtown Salt Lake City Condominiums. There are more and I have links to many on this site and more coming. But I call these the “big six” because I find them the most popular with my buyers.

I number these on the map from 1 to 6 and they are as follows:

  1. Zion Summit
  2. Canyon Road Towers
  3. American Towers
  4. Trevi Towers
  5. 3 City Creek Properties
  6. Parc Gateway

Two additional good options on smaller buildings is 1- Terrace Falls is on the street behind Canyon Road Towers, (on 3rd ave) and is also a good option.  Click here for info and search on Terrace Falls: Terrace Falls – 158 E 3rd Ave – Click Here

and 2- Garden Towers which is next to Canyon Road Towers: Click here Garden Towers – 141 E 2nd Ave – Click Here

Below the photo are links to commentary and the ability to quickly search for listings that are currently for sale in these properties. When clicking those links the search results will possibly include nearby condos of similar details.

Posted on April 5, 2018 at 8:28 pm
Larry Cragun | Category: American Towers, Canyon Road Towers, City Creek Condos, Condominiums, Terrace Falls, Trevi Towers, Zion Summit | Tagged

Condominiums, Condos, & Temple square and City Creek

Condominiums, Condos Temple square City Creek. Many buyers are looking to be an easy walk to Temple Square and City Creek. Hopefully this article will help you analyze the possibilities if  you too are in the mode to live near Temple Square and or City Creek. In a separate article I will give a statistical report on these properties.

I will address six properties. These are the closest in. Thee are City Crest, The 3 developments abutting City Creek Mall, Canyon Road Towers, Zion Summit, Garden Towers, and Terrace Falls. All of these are a close walk to Temple Square.

Most but not all of my business comes from downtown Salt Lake City. So far this month I sold a condo in Draper and a home in South Jordan but my marketing focus is condominiums. There is an advantage in dealing with someone who is experienced in condominiums. They are a different transaction with different issues than a home, a little more tricky I would describe it.

I hold a lot of open houses on my listings which brings me a lot of questions. Besides the features and conditions from one condo and building to another a question always arises about the LDS Church. Is a non Mormon going to feel funny or shunned is a common worry. What Ward will I go to is an LDS members question. Understand that it is a Federal crime for an agent to push to or away from a home based on religion, as well as other factors. As it is a common concern and question I  will here give my experience to these questions.

Condominiums, Condos, and Temple Square

Note that a lot of people want to live near Temple Square that are LDS. Almost as often people want to live in these six buildings for other important reasons. City Creek shopping and employment for example. The miles of walking trails and the parks are  two others.

OK,  here are some general comments on the buildings in the featured photo, going from left to right. All are secure buildings with secure parking.

City Crest. This building has the fewest units of the six. Currently there are no units for sale.  In the last 12 months 3 units sold here. The prices were  $267,00 for   12 59 square foot condo, $265,000 for a 1389 sq ft unit, and $277,500 for a 1380 sq ft unit. It and the City Creek properties are the shortest walk to both Temple Square and City Creek Mall. Will not last ! Great opportunity to own an updated SW corner unit in City Crest. Located 1/2 block from Temple Square or shopping at City Creek. The lobby is small and not as impressive or enjoyable as all of the other buildings of these six. The LDS members attend church at the Joseph Smith Memorial Building.

City Creek Properties: There are three buildings in this development. All are very high end luxury and priced accordingly. Many have incredible views. Here is a write up of one that is currently for sale: The best of City Creek. Stunning southeast-facing unit in SLC’s newest high rise; panoramic valley & mtn views. Fitness room, club room; access to nearby event room & pool. Just steps to shops, restaurants, arts & entertainment. Landscaped walkways with creek, waterfalls & fountains. The prices here are up to and over $500  per square ft. The LDS Ward is the 14th Ward attending church at 142 West and  200 North, close to the Conference Center.

Canyon Road Towers: Built in 1 976 and has 184 units. The prices here are usually determined by size, condition, and view. Some of the views are spectacular. Many need updating, and some have a smaller floor plan with a galley kitchen.  Check the market report for current prices. There are a few 3  bedroom units in this property which is rare in downtown Salt Lake and they are they are in high demand. This building is an easy walk to Temple Square and City Creek, fairly level all the way and almost as close as City Crest. LDS members also attend church at the Joseph Smith Memorial building. It has an indoor swimming pool and tennis courts.

Zion Summit. This is a twin tower building rising high above the LDS Conference Center. I recently had three closing there and currently  have two listings. People who live here love it. It is a very social building with seemingly something going on almost weekly. I think that is  one reason why many so many love living here here. Most units have amazing views, especially those facing South over the city. There are a couple of features that hold some people back:  1- there is a common washer dryer serving each floor. The units can be remodeled to provide a washer but not a dryer. 2- Most are one bedroom units which some agents market as a two bedroom. The tax records call these units two. These are about 1200 square feet so for being a one BR they are large. The LDS Ward is the 14th Ward attending church at 142 West and  200 North, close to the Conference Center.

Garden Towers is a small development, under 40 units. Like Terrace falls the units can be larger in size than Canyon Road Towers or Zion Summit. Their is an assortment of sizes but most are at least 1400 square feet. None  are on the market at this time and four were sold in the last 12 months. The LDS members attend church at the Joseph Smith Memorial Building.

Terrace Falls is just a little farther away in location. These units are usually more expensive than all other buildings except the City Creek properties. They are larger, most over 2000 square feet which sets them apart. If you like projects Terrace falls has the most amazing shop for common use. These LDS members attend church at the Stake Center  just up the hill.

The feedback I have received from clients that are non LDS is that they love living in these properties. All are welcome. I even sold one in Canyon Road Towers to the Baptist Church to place a missionary couple. It has to be obvious being so close to the LDS Temple and the Family History Centers that that is the motivation for many. It is not the motivation for all.Downtown Salt Lake City is just a great place to live.

I encourage you to contact me if you are interested in Condominiums, Condos, & Temple square and City Creek.

Larry Cragun – Windermere Real Estate

Residential and Condominium Professional

Posted on January 23, 2018 at 7:29 pm
Larry Cragun | Category: City Creek Condos, Condominiums

City Creek Properties (3)

The 3 properties built around City Creek Mall are:

Richards Court:

99 WeRichards Court’s 10-story reflects the first-class feel of the City Creek neighborhood. Incorporating traditional features with inspiring views of Temple Square gardens and the Wasatch mountains, residents are connected to the downtown landscape. design with open plan for entertaining, Nine-foot ceilings in living/dining areas (approximate). Elegant hardwood flooring in entries, hallways, kitchen and living areas. Gas fireplaces, Solid-core wood entry doors Open kitchen plan for casual dining and family gatherings with Solid-slab granite countertops with stylish tile backsplash, Under-cabinet lighting and full-extension drawer and cabinet pull-outs with “soft close” hardware. Luxurious Bathrooms with Slab marble countertops, Kohler®plumbing fixtures, faucets & cast-iron deep soaking tub. Porcelain tile bathroom floors with ceramic tile surrounds. Frameless European-style glass shower enclosure. Elegant lobby welcome you and your guests, Social Room with catering kitchen & fireplace for gatherings or meetings. Fitness Room with state-of-the-art exercise equipment. Two high-speed elevators in each building. Main entry intercom system direct to your home. Conveniently located trash chutes & Bicycle storage. LEED Gold certified from the U.S. Green Building Council, for sustainable design, construction, and operation and sustainable features like efficient energy and water use. Card access to residential lobbies, Controlled-access underground parking with assigned parking spaces & 2 owner storage units, Closed-circuit cameras at building and garage elevator entrances. Fire sprinklers and smoke alarms in all living and sleeping areas. Carbon monoxide detection system in parking garage. Private 415 sqft patio, this unit is the only condo that has direct access to the private garden terrace.

99 West:

LEED certified residential high rise right in the heart of the City Creek Development. These unique units include the only wrap around balcony on the 99 West building providing stunning panoramic views of the city! Perfectly situated to provide stunning views of the city, Temple Square, the beautiful Salt Lake valley, and majestic mountains on all sides. Located within steps of Temple Square, Abravanel Hall, the new Eccles Broadway-style theater, Vivint Smart Home Arena and an assortment of new and classic restaurants and shops, including City Creek Shopping Center. Enjoy the luxurious living, privacy, and prime location of this amazing 99 West Building right in the middle of downtown Salt Lake! LEED-certified buildings are resource efficient. They use less water and energy and reduce greenhouse gas emissions, and save money.

The Regent

SLC’s most contemporary high rise with 11′ floor to ceiling windows! City & Mountain views. 2 Parking spaces and 1 large storage unit / Fitness room, club room, event room & pool in the building. Just steps to shops, restaurants, arts & entertainment. Landscaped walkways with creek, waterfalls & fountains.

Click here to see what in these properties is currently for sale.

Posted on January 19, 2018 at 7:26 pm
Larry Cragun | Category: City Creek Condos | Tagged , ,