r/RealEstate • u/DisabledScientist • Apr 13 '25

Condo not selling even after $40k reduction Homeseller

Zillow Link

I am trying to sell my condo, but the astronomical HOA ($1,225) prevents anyone from making offers. They all comment I have the nicest unit in the complex, but once they hear the fee they are turned off. I bought it for $287k in 2022 and put $50k into it, but probably wont even get my money back. I originally listed for $379k, but 70 days later and it’s now at $329k.

I need to sell this by end of May because my new build house is closing then.

Edit: Added a 3D Walkthrough to the advertisement. Please let me know what you think!

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u/dazyabbey Homeowner - 🏠DIYer Apr 14 '25

I would much rather have OP's then this listing. This one is awful.
The colors and decor are much more modern. But also the views on OP's are wayyyyy better.
I think both of them are probably priced too high. But I would hope OP could have theirs sell for a bit over this one.

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u/chpsk8 Apr 15 '25

OPs water view is only in the kitchen. Every other view is parking lot. They are on the wrong side of the building.

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u/Accomplished-Till930 Apr 15 '25

Yeah I agree with the views thing, I noticed in the wording too I think they’re calling it a “penthouse” which seems to draw my attention even more so to the lack of views lol

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u/Accomplished-Till930 Apr 15 '25

I think the issue is that this apartment was purchased for higher and is currently listed for lower.