When I saw "The Duke" condo project in South Scottsdale going up, and then their insane $500,000+ price tag, I knew I had to start a blog to warn others about the housing ponzi scheme unfolding in Arizona and beyond. Two years have gone by though and still these units are on the market. Amazing. Even after getting the real estate editor at the corrupted Arizona Republic to write a fluff piece a few weeks ago
This architectural disaster, an unliveable nightmare of urban living, in a crackden infested neighborhood in Scottsdale, is the single worst condo development I've ever seen. Ever.
Imagine being the fool who'd pay a cool half a million for one of these disgusting housing bubble eyesores, only to have it now "worth" $358,000 - the going price this weekend.
The only problem though if you buy at the firesale is that $358,000 turns into $100,000 really quick - the true value I'd say for one of these units. On a good day.
Here's the firesale details - get out there HP'ers and "buy with confidence"!!!
The Builders of The Duke Scottsdale are ceasing Arizona development.
For one day only, Saturday, Oct. 14th, remaining units will be sold at or near builder cost. Homes originally priced at $499,000 will be offered from $358,000! Developer will accept the highest offers at or above listed prices for one day only!
Qualified Buyers must pre-register to attend this invitation only sale. Event is one day only, Saturday October 14th, 9am to noon! Inspect units on-site Wed 10/11, Thurs 10/12 and Fri 10/13 from 1-6 pm at: The Duke-Scottsdale - 7047 E. Earll Drive
Here’s your opportunity to buy with complete confidence. These stylish urban-home condos offer two bedrooms + den, private garage, café-style entry patios, and modern, hip design. Ready for immediate occupancy!
To pre-register call: 480-425-9300
October 12, 2006
Posted by blogger at 10/12/2006