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Wednesday, November 9, 2011

Homebuying & Rehab Opportunities in Old North

With interest rates at historic lows and home prices more affordable than in almost any other time in the past few decades, now is a great time to buy a house - and Old North St. Louis has a few that can accommodate a variety of interests and needs.  According to a number of sources (including this report on CBS News’ MoneyWatch, this article in the Wall Street Journal, and a report on CNN/Money that listed St. Louis in the Top 10 Cities for Homebuyers), low interest rates and lower home prices have made mortgage payments more affordable than renting in many places.

If you’re in the market for a new house with architectural features that reflect the historic character of Old North - and within easy walking distance of the neighborhood grocery co-op, a landmark restaurant/candy store/ ice cream parlor, a one-of-a-kind coffee shop, and several new retail establishments at Crown Square, then the home at 1319 North Market is worth checking out.  And, the home is now listed at only $125,000.  For details on all this house offers, click HERE for a downloadable flyer.  Or to visit the webpage for the house created by Dawn Griffin of Circa Properties, click HERE .

If you’re looking for an old, historic tax credit eligible shell that could be rehabbed to suit your creative desires, ONSLRG also has several historic properties that the organization purchased from the City’s Land Reutilization Authority and stabilized for future redevelopment.  Click HERE for a downloadable listing of these properties with recent pictures of current conditions and images of what these cool, old buildings could look like after rehab.  (These images and the marketing materials were produced by two of our summer interns, Annie White and Angela Kress, students at Washington University’s Sam Fox School of Design and Visual Arts).

If you’re looking for a historic home that’s already in move-in condition, there are a few of those around the neighborhood, as well, and you can find locations, list prices, realtor contact numbers, and other details by clicking HERE for the November edition of the Available Properties list.  ONSLRG’s Community Development Specialist, Matt Fernandez, regularly updates our Available Properties Listing, which can be downloaded from the Real Estate pages of our website or picked up at the ONSLRG office.

Call Matt at 314-241-5031, ext. 101, or send him an email (matt AT onsl.org) to find out how to make an offer on any of the properties owned by ONSLRG, to get more information about the home-buying process in Old North, or to learn more about any of the properties on the list.

This entry was posted on Wednesday, November 9th, 2011 at 3:41 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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WHAT'S NEW IN OLD NORTH

Welcome to the Old North St. Louis Restoration Group's blog. What's New in Old North chronicles the dramatic transformation under way in the neighborhood of Old North St. Louis. As a neighborhood just north of Downtown St. Louis, Old North is becoming a dynamic urban village of new and historic homes, a landmark eating establishment, beautiful community gardens, and a diverse, friendly, and engaged community.

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