Initially for sale in July 2008 for $110,000, 6715 Park Edge Dr #C is now listed at less than half that price – $49,900! This condo is located a few blocks south from the Beltline & Gammon Rd, essentially across the street from Elver Park. This is just a couple minutes from West Towne Mall and everything else in that area of the west side of Madison. It has 2 bedrooms, 884 total sq ft, 1 car attached garage, a fireplace. The only thing it doesn’t have is laundry. But seriously, it’s a 2bed condo in Madison for less than $50,000. And it could be yours for $650/month, including taxes, insurance, condo fees, etc! Here’s how:
Mortgage payment: $250 (after paying $2,500 down payment)
Homeowners Insurance: $40
Condo fees: $160
TOTAL: $650 monthly payment!
(These are estimates, but I would actually guess the complete total would be a little less than $650/month)
Plus you might be entitled to the $8,000 or $6,500 homebuyer credits! So maybe you would want to put down 20% ($10,000). With the lower mortgage payment and no PMI to pay, you would be at about $565/month.