Enso offers special pricing on select units
Enso just announced special “pre-opening” pricing on several units to entice potential buyers. All of the units are either one-bedroom or one-bedroom plus den that are now being offered between $350,000 to $499,000. With the homes ranging in size from 687 to 979 square feet, that’s around $500 per square foot. The pricing is available to purchases under contract by May 22, 2009.
#504 – $350,000
#1004 – $375,000
#1304 – $385,000
#710 – $435,000
#910 – $445,000
#1310 – $474,000
#1009 – $485,000
#1309 – $499,000
Additionally, Vulcan is offering a few other incentives – up to $8,500 in closing costs, no homeowner dues until December 2010 and will donate $500 to a SLU non-profit organization in the buyer’s name.
Vulcan sent an update letter to Enso buyers a few days ago notifying them about the special incentive they’re implementing in order to facilitate more sales. My guess is that Enso will need to conform to FNMA’s 70% presold requirement and this is a push to get them there. Vulcan did reiterate its commitment to its top-tier condo development and is aiming for the temporary certificate of occupancy by May 25th.
View available Enso condos for sale.
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Would it kill Enso to update their website? The last update was Summer, and it’s a broken link.
If you didn’t look closely, you would assume this project was dead in the water as opposed to getting ready to finish.
What were the prices before? How much of a drop?
Vulcan won’t divulge prior pricing but I’ve heard from a credible source it’s about 20%. But, I can’t confirm it.
I just looked at my May 2006 posting on Enso and the lower-level one-bedrooms started in the low-$400s and the upper-level one+den started in the high-$500s. I’m not sure how much prices have fluctuated in the meantime, but that puts it around 20% when compared to its initial 2006 pricing. Keep in mind, these are not permanent reductions.
None of these really have a den. the x10 series has a very large entry way that you could put a desk in if you really wanted. The x01 floor plans are the 1bd + den ones.
Also, Enso dues are stupidly high at $.72/sqft! So unit 710 would cost you $637/month! 18 months of no home-owners dues is 11k in savings.
Ok, so I found some previous pricing:
#504 -$460,000
#710 -$585,000
#1304 -$525,000
This means that the total “savings” on #1304 is…. $170,000.
So…. that looks like up to 25% in price reductions. Wow…