Oct
15

Charleston Condos Draw Dozens of Applicants

By
October 15, 2008

By David Slade – The Post and Courier

Hoping to purchase a new condominium on the Charleston peninsula for as little as $112,500, at least 60 people showed up Tuesday morning at the Galliard Auditorium to learn how to get one.

The city has 42 condos for sale in a compact new development called The Cottages at Longborough, and is offering them to middle-income, first-time home buyers. Those who have not owned a home in at least three years count as first-time buyers.

The offering attracted a wide range of applicants, from parents with young children to married couples approaching retirement age. Some came in nurse’s scrubs, Sheriff’s Office uniforms and the work clothes of city parking garage attendants.

“It’s a great opportunity,” said Trischia Khouri, a systems analyst at Medical University of South Carolina, who currently rents an apartment for herself and her 12-year-old son. “I drove by them the other day, and they’re beautiful.”

The condos are at 10th and Alberta streets, in a popular neighborhood a few blocks north of Hampton Park where single-family homes can sell for five times the price of the city’s condos.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.charleston.net/news/2008/oct/15/affordable_city_condos_draw_dozens_appli57850/

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