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On the Real Estate Scene
by Jim Brewer
ONE OF THE GREAT SUCCESS stories amidst much gloom and doom
on the real estate scene is the Condominiums at 1800 Jefferson
Park Avenue. Marketed exclusively by Real Estate III, of the
227 units offered for sale, about 170 have been sold.
“The Condominiums at 1800 Jefferson Park Avenue has been
a very successful project,” said Jeff Gaffney, Real state
III Chairman. “The location and the desirability of being
so close to UVA, the Hospital and the Grounds, along with attractive
prices, has been the catalyst.”
Kelly Crafaik, Head of the Sales Team at 1800 JPA, states that
the condition of the units has been another factor contributing
to impressive sales results. “We are selling renovated
units at ‘as is’ prices,” she emphasized. “We
have redone the interiors from top to bottom and the buyers
understand the value they are getting.” Kelly also said
that the investor interest in 1800 Jefferson Park Avenue remains
strong. “Investors are still buying,” she said. “Many
are buying, saying, ‘I’m going to live here while
I’m here, but for me, this is an investment in my future’.”
A factor contributing to the desirability of 1800 Jefferson
Park Avenue is the new $200 million-plus South Lawn Project
now underwayat UVA. The huge expansion by the University on
the South Lawn translates into more professors at UVA and an
ever increasing student enrollment...
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