There are totally 14 units sold at the Chandler – 450 E Waterside, located at the Lakeshore East neighborhood. There are 9 one bedroom units, and 5 two bedroom units, sold price is between $244,000 and $855,000. Unit 405 sold by owner priced at the $244,000 with a parking space included. One short sale unit 906 closed at the $292,000. One short sale one plus den unit closed at the $340K and one short sale two bedroom unit closed at $430K. So the distressed property closed percentage over the regular sales is 21%. Since all the distressed properties are short sales not foreclosures, then we learned that buyers like to buy at this building as the units get to close before the foreclosure processed. This would help to keep the price at a better level for the building.
Currently there are 6 units for sale, from one bedroom to three bedroom units, priced at $349,000 and $999,900. One of the current units for sale is a short sale unit, which is a two plus den.
Chandler has a renter ratio of 42%, which is getting higher if you want to get a mortgage. But it is workable for most lenders no matter you are an investor or homeowner, just need to put down around 15%.
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