The Royal Arms Condos-
The Royal Arms Condos are located between NW 23rd Avenue and the Pearl District right on the Streetcar line. The location is excellent being blocks from either the happening Pearl district or NW 23rd Avenue. Shopping, groceries and restaurants are all close by and a car is not necessary if you choose to call the Royal Arms condos home.
In the past few years the condos at Royal Arms have gone through extensive renovations including new kitchens, flooring, bathrooms and more. Most of the condos here are true one bedroom condos with separate living spaces. The renovations here opened up the living spaces and kitchens creating great room style living. The mix of old and new in this building is wonderful with classic white subway tile and modern kitchen cabinets and finishes.
As mentioned before the building has a great location, just west of the Pearl District in NW Portland on the streetcar line. The address of the building is 1829 NW Lovejoy. It is a short walk (5 blocks) to NW 23rd ave. and the Pearl District is only a few block away. The building has a walk score of 97.
The building was built in 1915, so it does not have some of the amenities of modern buildings like under ground parking or in-unit laundry facilities, but they have done the best they can with a 100 year old building. The kitchens and bathrooms have been remodeled and the lobby has received a major facelift. There is laundry on the main floor and there is a parking lot next door that offers relatively cheap parking to residents of the Royal Arms Condos.
Currently there are 4 condos for sale in the Royal Arms ranging from $164,000 up to $327,500 with an average price of $528 per square foot. The average size of condo for sale is 515 square feet and all of them are one bedroom units. The average market time is 20 days on the market. There is one condo pending sale at this time in the the Royal Arms at $189,900. In the last 2 months 2 units have sold here ranging from $203,000 up to $270,000 with an average price of $452 per square foot with an average market time of 8 days. Just several years ago the prices in this building were averaging in the $300 a foot range so you can see the prices have increased greatly.
Overall, the Royal Arms is a great building if you want a close in NW address that is accessible to public transportation and all the area has to offer. The condos themselves are small and clean with lots of updates which makes living here worry free.