If you blinked, you missed the opportunity to buy a Watauga House condominium downtown.
The place 222 Polk Ave., where a dozen or so state legislators rented while in session and John Jay Hooker resided for years, was converted into condos in the past week. And the 25 units were gone in a flash. Today, several of the deeds on individual units were recorded already. Buyers paid $139,500 or $149,500 for units.
A partnership that owned Watauga as apartments restructured just last week to do the conversion. Aaron White, Hunter Connelly and Michael Simmons, all of whom have been involved with converting downtown buildings into residential such as The Exchange Lofts, created an entity that basically meant they sold the apartments to themselves. The price: $3.3 million, according to property records.
Connelly said the sold the units as is, leaving any redecorating to the new owners. “We didn’t expect pre-sales to go so quickly,” he said. But Connelly said the sales prices are right in line with what sells quickly downtown.
While half the residents were legislators, Connelly said none bought a unit. “We didn’t really market to that segment,” he added.