[globalgrl]

Anyone have any knowledge of these? They appear to be a good buy right now.
Does anyone know the HOA fees on 1 bed/ 1 bath?
On that subject is there anywhere to find a master list of HOA fees?
It would help while doing internet searches but realtor.com does not seem to list them.
thanks!

[007 license to sell]

Sedona is a condo conversion, The HOA's run $175.00 a month, It is located close to the strip which makes it a desirable location for a vaction home or a rental.

[laker51]

Does anyone else have any info/opinions on this community as a whole?

Thanks

[Soundman123]

Originally Posted by globalgrl

Anyone have any knowledge of these? They appear to be a good buy right now.
Does anyone know the HOA fees on 1 bed/ 1 bath?
On that subject is there anywhere to find a master list of HOA fees?
It would help while doing internet searches but realtor.com does not seem to list them.
thanks!

Do what I did, forget the cheap condo conversions. Apply the $175 HOA to a monthly mortgage in a community with lower HOA dues and discover you can actually afford a real house.

[hockeygirl4]

Exactly! I was looking at condo conversions when I decided to buy instead of rent, and I am happy that I found a townhome community with $76.00 HOA fees a month. When you decide to move again, the value of the house/town home, whatever is going to be much better than a condo conversion. Condo conversions are much harder to sell because some are still renting as well and a lot of people are not going to buy something in a rental/apartment like community imo.

[laker51]

Thanks for the input regarding condo conversions. As for the Sedona complex specifically... How is the complex?.. the neighborhood? current value for the money? General input/advice/knowledge regarding this specific complex? Thanks in advance

[Spraynard Kruger]

I used to rent there prior to the condo conversion. I found the apartments to be well built, well designed and the grounds kept up very nicely. The bottom floor apartments feature 9 foot ceilings and there are vaulted ceilings on the second floor units. The grounds are nice and a lot of money went into modifying each unit and the grounds prior to putting the apartments up for sale. I would have NEVER considered it a good buy though, especially for a primary residence.

There are few garages and basically, they are glorified apartments. For some perspective, they were selling the one bedroom apartments for over 180K during the boom.

The neighborhood directly east is nice residential and runs into the established area of Rancho Las Palmas, which is an older master planned community.

Other than that, Las Vegas Blvd is salt and peppered with time shares, budget suites and other motels that cater to weekly/monthly. With those establishments come a level of crime. The area is also dotted with a decent amount of public housing. Its average. The LVMPD crime reports for that area indicate an average amount of crime in my totally unscientific opinion (I track crime as a hobby). Its much higher than where I live now, though.

I would be concerned about the occupancy rates and the number of owner-occupied units and what will become of the once touted "South Strip" that was the apple of many an investor's eye.

I dont really like the area much anymore, personally. It's like unprotected sex....gambling.

[laker51]

Originally Posted by zendrive

I used to rent there prior to the condo conversion. I found the apartments to be well built, well designed and the grounds kept up very nicely. The bottom floor apartments feature 9 foot ceilings and there are vaulted ceilings on the second floor units. The grounds are nice and a lot of money went into modifying each unit and the grounds prior to putting the apartments up for sale. I would have NEVER considered it a good buy though, especially for a primary residence.

There are few garages and basically, they are glorified apartments. For some perspective, they were selling the one bedroom apartments for over 180K during the boom.

The neighborhood directly east is nice residential and runs into the established area of Rancho Las Palmas, which is an older master planned community.

Other than that, Las Vegas Blvd is salt and peppered with time shares, budget suites and other motels that cater to weekly/monthly. With those establishments come a level of crime. The area is also dotted with a decent amount of public housing. Its average. The LVMPD crime reports for that area indicate an average amount of crime in my totally unscientific opinion (I track crime as a hobby). Its much higher than where I live now, though.

I would be concerned about the occupancy rates and the number of owner-occupied units and what will become of the once touted "South Strip" that was the apple of many an investor's eye.

I dont really like the area much anymore, personally. It's like unprotected sex....gambling.

Very detailed. Thanks for the input.

[Spraynard Kruger]

Originally Posted by laker51

Very detailed. Thanks for the input.

I think I should stress what others have said. I rented there because of the great location and I needed ease of access to McCarran at the time. It's a fantastic location with a Las Vegas Blvd address.

When I lived there, I was young and loose, full of juice...single and ready to mingle. Grocery stores weren't very close at the time and there was little in the way of shopping. That's changed quite a bit since then. I didn't need much in the way of groceries anyway. My fridge was full of condiments and beer 70% of the time.

Just from a personal perspective, it didn't suit my lifestyle to want to buy or live in an area like that much longer. I'm a single family home kind of person.

The area surrounding the apartments are in various stages of the real estate life cycle and it seems as if the south strip is suffering an identity crisis, to me anyway. I am more sensitive to design and civic issues than strictly dollars and cents. That's my bias.

Who knows? Maybe in X years a casino builder will just NEED that spot for a major resort and want to buy everyone out for millions. Thats your pipe dream of the day.

[Willy702]

Convenient location but that's about it. Better to rent or buy in Silverado Ranch just 5 minutes to the SE of there, far nicer area and more amenities close by.