Weekly Update                                              REMAX 1st CHOICE
Issue #107                                                             June 21, 2011

   WeLoveLofts.com    

 

To my Loyal Loft Loving Friends and Clients,    

 

I am pleased to have the best assistant in the world working with me for the summer.  My daughter, Juliette, has joined the WeLoveLofts.com team and is doing the work of two people.  She has taken on the task of updating the site, going through every listing to make sure that they are current and correct. 

 

I got a call from the owner of a huge loft on Chestnut St in downtown Providence last night.  He has requested that we have a convesation about listing his loft for sale.  More to come next week...

 

We closed Unit 8 in Ropeworks Lofts last week.  The buyer was a working artist and dean of the fine arts department in a local University.  I have gotten calls since the closing, its too bad that there isn't another one of those units for sale.

  

We have three great rentals that have become available over the last week.  See below for info on Unit 302 in Geneva Mills, Unit 502 in Bayley Lofts, and Unit 405 in Mile Square Lofts.

 

I listed a cute home in Reservoir Triangle last Friday, using the most recent pending and sold comps as a basis for pricing.  Within five days, we are in a situation of multiple offers.  I guess that there is something to be said for pricing a property appropriately and listening to your realtor.  I'm going to list another great opportunity in East Providence tomorrow, so if that is your thing, give me a call.

  

OK, Unit 304 in Mile Square Lofts.  Listed for $139K.  Can I get an offer for $100K to submit to the bank?  This unit is currently rented for $1250 per month and the tenants are willing to stay, but understand if they have to leave at the end of their lease.  This is a singular, wonderful, opportunity and I can't understand the reluctance of buyers to make an offer.  Maybe someone can explain the problem to me.

  

Please call me when you are ready to start looking for a Loft or other type of home.  It is a gift to be able to help clients find homes that they love.

 
John

  

Links to Blogs
 

I've been having some fun with my WeLoveLofts Blog. I can't say that it 100% is a loft blog, but it's 100% me.  Check it out, but please don't hold what I say or post against me.

 

WeLoveLofts Blog

 

The Jeanne Risica Fund for Art Education was created yesterday at The RI Foundation.  To read more about this fund and to make donations, please click on the link below:

 

Jeanne Risica Memorial Blog 

 

Unit 502 in Bayley Lofts for RENT

Loft for rent for $1250 per month.  This place has incredible light from the huge mill windows, wonderful open feel with very high ceilings and a balcony to grow a few plants aqnd drink your coffee in the morning.  Don't wait, the lofts in Balyley typically rent quickly.     

 

 

 

Mile Square Lofts Unit 304 price drops to $139,000

Unit 304 in Mile Square rocks. I'm not sure why someone hasn't made an offer on this loft, but let me say it again...1900 SqFt two bedroom loft for $139K.

This one makes especially good sense for an investor, as the current tenants want to stay!

Click on the link below for the full listing:

Unit 304 in Mile Square Lofts

 


 

 


 

 


 

 

Weekly updates
PORT125 Cory's LaneMayflower$1,100,000ActivePrice Change $975,000
LINC2 School St325$167,000ActiveLeased
SMTH21 Higgins St102$169,900ActivePrice Change $164,500
EGRN25 Water St305$199,900ActivePending
EGRN25 Water St307$199,500ActiveNew Listing
BURR265 Sayles Ave4$79,800ActivePending
BRIS345 Thames St503N$1,799,000ActiveNew Listing
ESID555 South Main St233$225,000ActiveWithdrawn Terminated
PROV589 Atwells Ave3B$128,500ActiveNew Listing
Woon63 Blakeley St104$137,500ActivePending
Good luck in your search.  I am usually available to help you find the home that you dream about. 

Sincerely,

John Risica
In RI   401-439-3634
In MA 617-755-5564