We’re still looking for the inside scoop on the number of units that have actually sold at The Lansing (email tips@socketsite.com). We did, however, notice that there are at least six units currently listed by the developer. And while only two of the units (#302 and #305) show a history of being reduced (by $41,000 (5.5%) and $62,300 (8.1%) respectively), we’re confident they’re not alone. Either that, or for once it’s actually cheaper to live on the higher floors of a building (#305 was originally listed at $745,000 while #405 was just listed at $725,000).
We also couldn’t help but note that unit #303 closed for $755,000, while the unit above (#403) closed for $720,000, and the unit above that (#503) is currently listed for $725,000. And while #202 closed for $735,000, the unit above (#302) is currently listed for $699,000. Once again, we’re willing to bet that this is not exactly a reassuring trend for many recent buyers (in fact, some might say it’s actually troublesome).
∙ Even More Value At The Lansing! [SocketSite]
EXCLUSIVE TO THE LANSING.
The Lansing is also now offering a permanent buy-down program. This program will buy down the rate by 3pts, at no cost to the buyer. It will effectively reduce the interest rate anywhere from 6.50% to 5.25% for a 3yr Interest Only, from 7.00% to 5.75% for a 7yr Interest Only, or for those buyers who prefer a 30yr Fixed Rate, all the way down to 6.250%.
Over the course of the loan term, it will save the buyer anywhere from $24,000 to $123,000. A great savings, and at NO COST to the buyer, this adds even more value to The Lansing.