With only 27 developer owned condos remaining in the 332 unit Encore development, pricing and incentives are being offered to sell the building out by mid-year.
The only high-rise condo project in SoBro (south of Broadway district), the Encore is now almost 92% sold out with a few choice one and two bedroom condos remaining. Strategically, the developers did themselves a great service by leaving several condos available on higher floors that feature excellent views of Titans Stadium, the Cumberland River and the downtown skyline. With FHA condo financing available to buyers, prices near their lowest levels since opening in 2008 and quite a few incentives available, I suspect the Encore will sellout by the end of summer 2011.
Encore Condo Sellout Incentives
1 parking space per bedroom
Hardwoods added to the hallway and living rooms to match kitchen hardwoods
All appliances including the refrigerator, washer and dryer (value $2,700)
$2,000 California closets credit
$4,000 seller paid closing costs
6 months of seller paid HOA dues
Condos for Sale in the Nashville Encore
See all Nashville MLS Search Results Encore tract.
(all data current as of 9/2/2014)
$525,000 : 301 Demonbreun Street #2010, Nashville2 beds, 2 full bathsListed with Metropolitan Brokers
$495,000 : 301 Demonbreun St Unit 1414, Nashville2 beds, 2 full bathsListed with ResultsMLS.com
$469,900 : 301 Demonbreun - Unit 1220, Nashville2 beds, 2 full bathsListed with Parks
$339,000 : 301 Demonbreun St Unit 1215, Nashville1 bed, 1 full bathListed with Benchmark Realty, LLC
$314,900 : 301 Demonbruen St. Unit 1506, Nashville1 bed, 1 full bathListed with Keller Williams Realty Mt. Juliet
$309,900 : 301 Demonbreun St Unit 1415, Nashville1 bed, 1 full bathListed with Summit Property Management, LLC
$304,000 : 301 Demonbreun St Unit 1317, Nashville1 bed, 1 full bathListed with Fridrich & Clark Realty
$280,000 : 301 Demonbreun St Unit 1812, Nashville1 bed, 1 full bathListed with Weichert Realtors, The Andrews Group
$279,900 : 301 Demonbreun St Unit 1411, Nashville1 bed, 1 full bathListed with Village Real Estate Services
$199,000 : 301 Demonbreun St Unit 407, Nashville1 bed, 1 full bathListed with Felts Jackson Waggoner Real Estate Services
Listing information deemed reliable but not guaranteed. Read full disclaimer.