Bellevue Towers closed its 300th home this week, which puts the downtown condominium property within reach of receiving final Fannie Mae approval for the entire project.
Achieving final Fannie Mae approval will lead to increased financing options for potential buyers, such as lower down payments and more flexible qualification criteria, according to Realty Trust, the brokerage firm representing the property.
Bellevue Towers is offering reduced prices on select homes throughout June to reach the required sales goal. To date, 66 homes have been sold this year.
Remaining homes include studio and one-bedroom condos priced from the $300,000s, two-bedroom residences priced from the $600,000s, and penthouses priced from $2 million.
Here is a sample list of pricing:
|Plan||Suite||Bed/Bath||SF||New Price||Original List||Reduction||%|
|XX3||330||1 BR + S/1 B||1176||$399,000||$604,000||-$205,000||-34%|
|PP5||514||1 BR + S/1 B||1049||$364,000||$549,000||-$185,000||-34%|
|J3||2402||2 BR + D/2.5 B||2119||$979,000||$1,649,000||-$670,000||-41%|
|L4||2806||2 BR + D/2.5 B||2147||$824,000||$1,219,000||-$395,000||-32%|
|F4||3311||2 BR + D/2.5 B||2144||$1,021,500||$1,571,500||-$550,000||-35%|
See a full pricing list that includes special Fannie Mae pricing here.