Biltmore Square

1701 E. Colter Street, Phoenix, AZ, 85016

Biltmore Square was one of the last apartment conversions to sell in late 2005. Buyers were literally lined up around the building waiting to buy these condos and it practically sold out in a day...no joke.

Biltmore Square is a modern building, less than ten years old, with OK architecture, great amenities (gym, landscaping, pool, etc), many of the condos have great views, and the location is excellent for the price range. There are a lot of short sales and foreclosures in the development so be careful if you are thinking of buying there. Yes, the short sales and foreclosures can mean great deals for buyers today but there is also instability in the community.

We are NOT saying not to buy there. We ARE saying to consult an expert (i.e. the agents at WeKnowUrban.com) before doing so.

If you would like to learn more, see floor plans or a site map, or tour the site, give us a call or shoot us an e-mail and we’ll take care of you.

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Comments

I have lived in this community since August of 2009 and have had nothing but problems with everything. The HOA is dead awful and the neighbors are extremely rude and noisy! I would not recommend this community to anyone!! In fact, steer as far away from it as possible. The only perk - moving out in August!!

#7 - Justin - 03/23/2010 - 10:37

only problem with this place is financing. Tons of great units available but if you don't have cash forget it. Owner occupancy ratio is WAY too low to get any standard loan. Good luck finding a lender who will do a loan on this property unless it's a homepath foreclosure.

Lots of riff raff living here too since so many rentals.

#6 - brandon adamson - 02/20/2010 - 18:20

I'm going to look at a couple of units. Remember that most of the original buyers were speculators that got burned. It doesn't mean that it's a bad place. I was told that the HOA has an account with 700k in it.

Condos have been hit very hard but prices for this location are very close to bottom at this time. It's a great location and close to a lot of nice shopping.

#5 - John - 01/14/2010 - 11:29

noise

I rented a condo at the biltmroe square for over a year. When I lived there noise was somewhat of an issue, there was a loud stereo one floor down and there was a lot of noise from the freeway being so close to the condos.

#4 - matt - 06/17/2009 - 12:50

Brian,

Your statement echos conventional wisdom. In general apartments are not built as soundly as condos. In the case of Biltmore Square we have not heard anything negative about the condo community. If you are interested in buying there we know a number of people living at Biltmore Square and we would be happy to get their opinions of noise and general quality of construction. Let us know yoiur needs by clicking the 'contact us' button at the top of the page and we'll get back to you directly.

#3 - Will Daly - 05/28/2009 - 02:28

What is the opinion on apartments converted to condos? I hear many negatives that the buildings are simply not of the same quality and therefore risky. Any thoughts especially as pertains to the Biltmore Square condos?

#2 - Brian - 05/27/2009 - 23:14

We haven't confirmed this yet but we heard that the HOA at Biltmore Square is EXTREMELY solid financially; to the tune of $600,000 some odd. I don't even know if this is possible but if it has even 1/3 that amount I would consider it to be pretty solvent. Does anyone have any documentation on the status of the HOA?

#1 - Will Daly - 05/04/2009 - 00:37

Will Daly showed us several available units in November 2008. We have been watching the development closely over the past 4 months. We have seen prices drop in both sales and rentals, and units staying on the market (sales and rentals) for several months. We like the location of the development best, and the amenities next-best. The materials in the kitches and bathrooms leave much to be desired. Of greatest concern is the number of bank-owned units and the development\\\'s overall financial stability. Overall we are still considering investing, but we are continuing to watch the market. Thanks to Will and WeKnowUrban for keeping us posted.

#0 - Alena Gerst Dailey - 03/13/2009 - 14:14

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