I think the new homes at The  Montgomery may be an overlooked gem. Here’s why:

 The sweet price point - units start in the $400K range

Close-in location– Steps from downtown, these units can command extraordinarily high rents from professionals who want to walk to work.

Historic building - Great facade, cool lobby.

Builder is ready to deal - They are offering all kinds of incentives on upgrades and financing.

With all the new homes on the market, I think The Montgomery has gotten lost in the shuffle. They also didn’t quite know how to market the property– and can’t figure out if the homes will appeal more to pied-a-terre buyers or full-time urban dwellers.

The only serious drawback is the lack of parking. I’m finding though, that many of my younger buyers are quite content to go carless. And if this is a pied-a-terre and you only stay part-time, it’s probably worth the price discount to just rent a space while you’re in town.

This entry was posted on Wednesday, March 26th, 2008 at 8:58 pm and is filed under New Construction. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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