Since its grand opening in late July, thirteen condominium homes have been sold by Westminster Development Company at DeBaliviere Place West formerly known at Nina Place. The community of comprehensively renovated condominiums is located in the 5800 block of Waterman Boulevard in the city's Central West End.
"We are thrilled with the reception our models have received," said Rich Emerson, sales manager for the community. "People from all walks of life—both single and married—have decided that DeBaliviere Place West has what they're looking for in city living."
Emerson said that the community's convenient location and the exceptional affordability of its homes have driven sales. "The location is ideal, with Forest Park and the heart of the Central West End both within walking distance," said Emerson. The homes are also incredibly affordable. City of St. Louis financing incentives combined with prices ranging from the low- to mid-$70,000s make DeBaliviere Place West uncommonly attractive for first-time home owners."
DeBaliviere Place West offers two display models situated in a pair of brick six-family buildings located at 5803 Waterman Boulevard and 5817 Nina Place. The single-level plans have from 1,000 to 1,300 square feet with two bedrooms and two baths. All have a formal living room, separate dining room, sunporch, concealed laundry area with hookups, and a wood deck.
"The interiors of the buildings have been completely gutted. All systems and interior finishes are brand new," said Emerson. "Exteriors have been faithfully restored to their original turn-of-the-century elegance, right down to the art glass sidelights and art glass front door panel found at each building entrance."
Standard features include a woodburning fireplace with a decorative mantle and slate surround, nine-foot ceiling heights throughout, wall-to-wall carpeting in entertaining areas and bedrooms, and mini-blinds. Kitchens boast Euro-style cabinets with built-in cooktop ranges, dishwashers, double-bowl stainless steel sinks with disposals, and no-wax sheet vinyl flooring. Bathrooms feature steel porcelain steel tubs, ceramic tile surround, custom cabinets and vanity tops, and designer fixtures. A private storage area is provided in the basement. Each owner also enjoys secured off-street parking. Building entries are electronically monitored as are the private entries to each condominium. Residents also benefit from the private security service supplied by the DeBaliviere Place neighborhood and are eligible for membership to the nearby DeBaliviere Place Swim and Tennis Club.
To keep heating and cooling costs low, the condominiums are packed with energy-saving features. Roofs are insulated to a factor of R-40, sidewalls to R-13, and basement ceilings to R-11. Windows are double-glazed thermal break units with tilt-in for easy cleaning. A high-efficiency gas-fired furnace and air conditioning system, with a set-back thermostat, is included.
While the community's grand opening continues, homes will be priced from $73,500. Price increases are planned for later in the year.
Purchasers are eligible to receive up to $7,500 in For Sale Incentive Program (FSIP) funds to buy down interest rates or to apply toward closing costs. Buyers can also gain 95 percent 30-year fixed rate loans through the Federal Housing Administration (FHA). "With these incentives and roughly a $2,000 down payment, mortgage payments for principal and interest work out to just a bit more than $500 per month," said Emerson. "Owning at DeBaliviere Place can truly be less expensive than renting."
In addition, buyers will pay minimal property taxes for the first 10 years of ownership and enjoy 50 percent property tax abatement for the following 15 years.
The sales office, located at 5817 Nina Place, is open daily from noon to 6 p.m.
Original newspaper source
Originally published in The Times of Skinker-DeBaliviere, September 1988.
Read this article in the original newspaper issue.
