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Hi, I am looking at buying a condo built in 1985. By average how much is the life of a condo buildin

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:1

till how many years does the value of a property keep increasing? This condo is already 224 yrs old. Can I expect the value to go up for 3 years atleast?

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April 28 - Irving

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Linda Strasberg, "L Strasberg"
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Linda Strasberg, "L Strasberg"

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Just out of curiosity...what did it sell for when it was built...was it ever foreclosed on and if so for how much did it sell when it was put on the market then...and what is the current asking price?

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May 23

Michael Russell, "real estate mike"
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Michael Russell, "real estate mike"

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if you're asking about the old condos in North Irving I've seen some I wouldn't touch at any price and then there are some on Oconner that are upscale and nice that were built in the early 80's that are always in high demand. usarealestatemike@yahoo.com

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May 23

droopyd
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I've seen buildings that were already falling apart after 20-25 years - so you really need to assess the quality of condo construction on a case-by-case basis.

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April 28

Laura Wunder, "Laura Wunder"
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Laura Wunder, "Laura Wunder"

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Where is the condo? What is around it? Is it a sought after location? Is it well maintained? So many questions to ask when judging the appreciation of a condo. Time wise, 1985 wouldn't scare me at all. Buildings last 100+ years.

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April 28

Jeff Kessler, "TXHomeRebates"
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Jeff Kessler, "TXHomeRebates"

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It really depends on what type of construction and how well it was built. If it is located in a nice area, built well and maintained then the condo should go up.
It won't matter that it is 25 years old. The place could last 100 years.
J.

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April 28

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