The Wade Condos

Have the Wade Condo’s come up on here before? Not a huge place, but was the only true condo around being built in 2018. https://620wade.com/
Pretty building.




Cheapest ones is $825,000
https://www.zillow.com/homes/for_sale/condo,apartment_duplex_type/2089393950_zpid/2018-2018_built/35.798072,-78.647945,35.795227,-78.652559_rect/17_zm/

7 Likes

It is concrete between floors just FYI. It is nice. Not in love with the location personally.

1 Like

Likewise. I’d hate to live on Wade Ave. Also I’m not a fan of the style. Too antebellum.

Certainly understand the location not being as sexy as the new fairweather. I would not underestimate the demand for living on the north side of downtown though. I bet they sell all of these. I am also really interested to see the net gain in Tax money for the city with this one. Let’s say the average sales price is $900,000 on 29 units. With our Raleigh property tax rate .009.% we are talking ~$239,000/year or new tax revenue each year for an area that doesn’t need any new infrastructure. Pretty good deal.

8 Likes

Yes. This is the value proposition for infill development. Grow revenues faster than we grow infrastructure so that we can maintain the infrastructure while slowing taxation growth.

4 Likes