Union Square Condos – Tax Free Renaissance Zone Condos
Union Square Condos are located at 600 Broadway NW in one of those old buildings that just exudes character and coolness. Union Square was once Grand Rapids’ primary high school and has been recently rehabbed into a cool downtown Grand Rapids condo development. The developer managed to preserve a lot of the old features like the old gymnasium hardwood floors (where you can still see the old basketball paint), the old slate chalkboards and those large classic school clocks that we all remember can still be found in some of the condos.
Union Square condos have many unique floor plans with interesting use of space. These downtown condos have large windows, 12 to 16 ft ceilings, 12 inch oak window sills and original trophy cases are some of the features that can be found. Common areas included in the association fees are a really cool pool/hot tub area on the roof, over-looking the freeways. In fact, if you are from the Grand Rapids’ area, you have probably seen Union Square at the junction of US 131 and I-196. There is a well equipped fitness center and parking garages as well as a relaxing common room with some games and flat screens.
One of the benefits to the owners of a Union Square condo is the tax break. Union Square are in one of downtown Grand Rapids’ Renaissance Zones which means that city and state income taxes are waives as well as property taxes. There is also a Neighborhood Enterprise Zone which adds a property tax break until 2019. There is only one condo eligible and that is Union Square Condos. That can mean a good savings to qualified buyers and if you are a first time buyer that qualifies, there is a $7500 tax credit if you purchase before June 2009. The tax free benefits begin to phase out this year, meaning that you are responsible for 25% of your taxes this year. 25% is added each year until you are back to paying all of your taxes.
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Union Square condos offer 1, 2 and 3 bedroom condos with 3 story penthouse condos available. Some of the condos under the pool area have the option of adding a private deck with pool access. Most of the condos have nice packages of appliances, flooring and counters.
*Prices from $110k – 1, 2 and 3 Bedrooms including penthouse condos available
*From ~550 Sq/ft
*Association fee: depends on unit
*Coverage: Trash Pickup, Yard Care, Water, Sewer, Snow Removal, Insurance, Heat
*Features Incl: Secure entrance. Exposed Brick, Loft Style, In Unit Washer/Dryer Hookups, Fitness Center, Patio/Deck, Roof Top Deck, Pool, Hot Tub and Tax Free Living.
Union Square Condos Listings
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