Signature Place condos selling quickly in St Petersburg Florida
April 29th, 2010 categories: Signature Place
The Signature Place condos are selling quickly in downtown St Petersburg, Florida. The recent condo auction at Signature Place started a buzz that hasn’t stopped. At the end of 2009, approximately 100 condos out of 245 had sold and closed since the start of closings in June 2009. Right now there are only 21 tower condos left at Signature Place and 16 “city” units. We’ve also found that the Signature Place condos for rent have been renting quickly. Contact The Simms Team at ALVA International,Inc. for more information on Signature Place condos for sale or for rent.
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Signature Place: Going Once, Going Twice, SOLD!
March 7th, 2010 categories: Signature Place
Signature Place condos in downtown St Petersburg Florida
The Signature Place auction was held this afternoon and must be deemed a success. The space was Standing Room Only, all the units were sold, plus an additional 10 units that were added, and all of them sold above the minimum bid.
Depending on the floor plan, units sold from 22% to 73% over the minimum bid. Winning bids ranged from $174,000 for an 859 sq ft unit to $742,000 for a 2,319 sq ft unit. The average price per square foot also was a wide range, from $200/sf to $320/sf. Comparing the winning bids to the last asking prices, they ranged from 25% less to 53% less.
The most popular plan appeared to be the H plan, the long narrow plan in the northeast corner of the building. With 1,829 sq ft the average sale price was $515,250 which is $276/sq ft. The average price was 63% above the minimums set.
Additional units were being sold individually, at prices determined by the auction – none to be sold for less than the winning bids, adjusted by floor. This was still going on when I left, so I don’t yet know how many more sold then.
We should know prices on the remaining unsold units on Tuesday morning, when sales will be handled in the normal manner. Call your agent, or us, for more information.
The SIMMS Team at ALVA International, Inc. (727) 898-2582 at 238 Beach Drive NE in downtown St Petersburg.
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Signature Place Auction Day Checklist
March 5th, 2010 categories: Signature Place
Signature Place condos common area overlooking Tampa Bay
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Signature Place Auction Day Checklist
____ 1. Make sure you have submitted your yellow Auction Registration card by Saturday, March 6th.
____ 2. Bring a certified check made out to yourself for $7,500.
____ 3. Bring a personal check. This should be left blank and will be used as your deposit – the difference between 10% of your successful bid and the $7,500.
____ 4. Bring photo identification: driver’s license or passport.
____ 5. Bring your preapproval letter from one of the three approved lenders, if you plan to have your contract subject to financing.
____ 6. Be at the Hilton Bayfront Hotel by noon on Sunday, March 7th. Better to be there by 11:30 am and get the order of the condos being auctioned, so you can finalize your bidding strategy.
Suggestions:
Review the Signature Place condo docs.
Review the Signature Place purchase agreement.
Preview the condos you’re interested in to check out whether flooring coverings have been installed and which colors and finishes were chosen for the kitchen, as well as checking how the floorplan “feels”, the view, and the size and shape of the balcony. (You can e-mail Rob Johnson to get a link to photos of all the units)
Attend the Signature Place Practice Auction on Saturday, March 6th, 2010 at 4:30 pm at the Hilton St Petersburg Bayfront.
ALVA International, Inc. at 238 Beach Drive NE, St Petersburg, FL 33701 will be open on Saturday, March 6th from 10 am to 4 pm. Stop by if you have any questions for The SIMMS Team.
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Signature Place auction is Sunday – get ready
March 4th, 2010 categories: Signature Place
Signature Place condo in downtown St Petersburg Florida
Your Signature Place auction registration form (the yellow card) must be given to Signature Place by Saturday if you plan to attend the auction on Sunday. This form is in addition to the Visitor Registration you would have signed to enter Signature Place and in addition to a Broker Registration Form, if you have a real estate agent representing you.
You cannot just show up on Sunday and decide to attend the auction, even if you have your checks with you.
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Signature Place adds 6 condos to their St Petersburg auction
March 3rd, 2010 categories: Signature Place
Signature Place pool and gardens
Signature Place has added 6 condominium units to those being auctioned on March 7th, bringing the total to 41 auction condos at Signature Place St Petersburg. The minimum bids are similar to the earlier offered units and add those in the middle and upper size ranges. The minimum bids on the additional units range from $215,000 for a 2 bedroom 2 bath unit with 1,018 sq ft to $405,000 for a 2 bedroom 2.5 bath unit with 2,319 sq ft.
Contact The SIMMS Team for additional information. We are in Signature Place several times a week, and sometimes several times a day. We have photographs of over 30 of the units so that you can see the floor finishes and cabinet selections as well as the views from the units.
You cannot just walk into the auction on March 7th. You must be preregistered. Further, if you want to retain your right to be represented (at no additional cost to you since the fee is paid by the Seller) be sure your agent is with you when you walk into the building and/or register.
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Signature Place – FAQ 2
February 25th, 2010 categories: Signature Place
Signature Place condo in St Petersburg Florida
The Signature Place auction on March 7th of 35 condos really has downtown St Petersburg buzzing. Whenever we’re showing the units to clients and prospective buyers we find the halls busy and the elevators constantly in motion.
A frequently asked question is: “Is there a 10% buyer’s fee charged at the auction in addition to the purchase price?” No. Although that is not unusual at an auction, at the Signature Place condo auction there is no buyer’s premium charged.
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Signature Place St Petersburg FAQ 1
February 19th, 2010 categories: Signature Place
Signature Place St Pete outside garden and pool area
There’s been a lot of buzz in St Pete since the announcement of the auction of 35 units at Signature Place. We get several calls each day, so I thought I’d start answering a few of them online.
How much are the maintenance fees.?
Maintenance fees are generally 44¢ per square foot – so, for example, a 1,200 sq ft unit would have a maintenance fee of $528/mo.
Is that figured on the air conditioned size or does it include the terraces?
It’s based on the air conditioned size of the unit.
For more information on Signature Place or on the Signature Place auction on March 7th, please contact The Simms Team, ALVA International, Inc. in downtown St. Petersburg … or stop by our office at 238 Beach Drive NE – we’re the red awning just across from the Museum of Fine Arts.
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35 condos at Signature Place to be auctioned March 7th
February 9th, 2010 categories: Signature Place
Signature Place condos in downtown St Petersburg
35 condos at Signature Place, a new condominium in downtown St Petersburg Florida, are set to be auctioned March 7th, according to the St. Pete Times. The auction is scheduled for 1 pm at the Bayfront Hilton. Initial bids range from $135,000 for an 859 sq ft 1 bedroom condo to $430,000 for a 2,400 sq ft 3 bedroom condo. – about 2/3 less than the original asking prices. It will be an absolute auction. The auction company says the auction will re-calibrate real estate prices and unite buyers and sellers.
The Signature Place sales office will be open 7 days a week – I don’t know yet what the prices will be between now and the auction.
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VIP reception at Signature Place
June 15th, 2009 categories: Signature Place
This week Signature Place had a VIP reception for a couple of hundred people – to show off the new building. Guests were able to see the common facilities and actually enjoy them as food stations and beverage stations were set up in various parts of the building and the gardens.
Music was playing from a balcony overlooking the pool area.
3 furnished models were available on the 18th floor. Signature Place has several floor plans to choose from, with some unique designs. No doubt you’ll want the impossible – the master bedroom from this one, the balcony from that one, the kitchen cabinets from the other one, etc.
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Signature Place – H unit
May 31st, 2009 categories: Signature Place
Now that the sales team has moved into the Signature Place condo tower in downtown St Petersburg, you can see the 3 models by appointment, as well as any remaining units. Some of the floor plans have sold out entirely – primarily those with the most direct east views to the bay. This H plan is one of the larger plans, one that’s interesting and unusual.
Typical for the building, there is floor to ceiling glass to take advantage of the water views and the city views. This particular H unit has a huge amount of glass in the dining/living area, here viewed from the kitchen which is open to the fabulous view. Note that there’s also a long wall to display your art. The balcony on the east is large enough to share with your friends for dinner outside.
Signature Place has a great website where you can check out views as well as floor plans. If you’d like to have Buyer Representation, please contact The Simms Team at ALVA International, Inc., 238 Beach Drive NE in downtown St Petersburg.
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