More Model Unit News from South Bend and Mishawaka

by Nick Molnar on January 27, 2010

Eddy Commons model is nearly ready, but there is news about the model units at other condo and townhome developments in South Bend and Mishawaka Area. Here is a quick roundup:


Irish Crossings

The model unit at Irish Crossings is available for sale. It’s waterfront, furnished, and comes with many upgrades. Asking price is reportedly $455,000, lower than the base price plus that of the included upgrades and furniture.

Riverwalk Townhomes

The model unit at Riverwalk Townhomes, listed for sale at $349,900, is now also available for lease.

Stonebridge Villas

The builders of the Stonebridge Villas are now offering detached villas, a departure from their original plan with four units per building. The detached villas start in the mid $200s and peak above $300,000 for the largest model with upgrades.

{ 3 comments… read them below or add one }

Irish Eyes January 31, 2010 at 2:13 am

The Riverwalk Townhomes are very nice…..but let me get this straight, none have sold??? If that is the case, then it won’t be long before the bank owns them. Very unfortunate, very unfortunate.

Reply

Outside the Box February 4, 2010 at 12:37 am

The photos of the Stonebridge Villa detached home look great. The website shows what looks like a small fire pit and water wall in the yard of the detached villa, which I really like. My concern with the development would be ability to resell over the next 5 years if a person needed to move for some reason because the development still has a phase 2 to complete. I hope Mishawaka does not soak the owners on property taxes like they did to The Forest. There are a couple $200,000-300,000 units in The Forest with $7,000-10,000 taxes.

Irish Eyes: I think Riverwalk and Ironworks could gain some traction if the downtown would ever get a grocery store, gym and dry cleaner. The purpose of high density living in a low cost area is convenience in my opinion.

I wish all developers success in 2010. Let’s hope for improvement in the unemployment number as this will bring confidence and the willingness to take a risk and buy a new home.

I heard a sad but true comment recently. “Why take a $8,000 first time home buyer credit now when you can buy a home for $17,000 less in a few months?”

Reply

Outside the Box February 4, 2010 at 12:40 am

Also, if the Stonebridge developer is reading this, would you ever consider gating the neighborhood like Knollwood Villas from 9pm to maybe 7am? This might add some perceived value to buyers at a reasonable cost to the developer.

Reply

Leave a Comment