2400 McCue Condominiums

[liowkc]

What do you guys think of 2400 McCue Condominiums?

I understand that they are situated directly in the center of Uptown/Galleria. are a resort style condo property development of in-town homes.

Must be pretty expensive I suppose.

[plato]

Yes, It is certainly expensive being central, chic and highly desirable location plus so many nearby amenities such as restaurants, retail shopping districts,and several public parks.

[admin]

I think the 2400 McCue Condominiums is a great project, however, disagree about it being expesive. That projects units run between 180k and 300k which seems very afordable especially considering that it has a prime location.

I know that the 2400 McCue Condominium project is billed and marketed as a resort style project but its front fasade reminds me of a modern version of Belgium architecture. It doesn't really feel like a resort until you get into the central commons area. Anyways that is just my two scents on the project.

Quick link back to the Houston real estate forum home page.

[tabjohnson]

2400 McCue is a condo conversion, meaning that the building was built as rental apartments, and then resold as condos. It ranks as one of my favorites in the Galleria area. It is of recent construction, so there should not be a lot of deferred maintenance issues. That said, I would advise buyers to investigate the financial status of the Condo Association, and also the percentage of renters vs owner occupied units that exist in the building. If there are too many renters, certain mortgage financing is unavailable, which makes buying and reselling difficult.

The property itself is gorgeous and if you can get one of the upgraded units, the finishes are superb. The developer charged about $15k for the upgrade package, so if you see big price variations for the same size units, upgrades might explain it. Quite a few of the units at 2400 McCue were sold to investors, which might explain the high foreclosure rate in the building.

[admin]

Originally Posted by tabjohnson

2400 McCue is a condo conversion, meaning that the building was built as rental apartments, and then resold as condos. It ranks as one of my favorites in the Galleria area. It is of recent construction, so there should not be a lot of deferred maintenance issues. That said, I would advise buyers to investigate the financial status of the Condo Association, and also the percentage of renters vs owner occupied units that exist in the building. If there are too many renters, certain mortgage financing is unavailable, which makes buying and reselling difficult.

The property itself is gorgeous and if you can get one of the upgraded units, the finishes are superb. The developer charged about $15k for the upgrade package, so if you see big price variations for the same size units, upgrades might explain it. Quite a few of the units at 2400 McCue were sold to investors, which might explain the high foreclosure rate in the building.

Hi Tom,

Thanks for taking the time to comment.

@Everyone - Just wanted to let you all know that Tom here is one of the best agents in the whole metro area. He specializes on the South side of Houston.