A Great Investment: The Wasiks’ New Rowhouse

by on January 25, 2012 » Add the first comment.

“You can step out your door and be right where you want to play… A bike and a good pair of shoes and you can pretty much do anything you want.”
-Owner Chris Wasik

You probably won’t find a better value than a rowhouse in South Main, and the recently-completed Wasik home illustrates this perfectly. Neighbored on one side by the Herzer Rowhouse and on the other by 1010 River Park Road, the two attached walls of a rowhouse such as this translate to a lower cost-per-square-foot and an enhanced investment value; the total budget (including land) for a 2-bed, 2.5 bath rowhouse like the Wasiks’ starts in the high $200,000s (view our rowhouse lots, starting at $80,000).

“If it weren’t for the rowhouse option, we wouldn’t have been able to do it,” owner Chris Wasik told me. “You can buy properties elsewhere in the area for less, but you’re not getting the same quality, the location or the river. You can step out your door and be right where you want to play. You practically don’t even need a rental car if you can get from the airport; a bike and a good pair of shoes and you can pretty much do anything you want.” Hiking, biking and recreational kayaking are the Wasiks’ favorite outdoor activities.

For the Wasiks, who live near West Palm Beach, Florida, the fact that a rowhouse on River Park Road ‘penciled out’ as a good investment sealed the deal. “The stock market has been so-so at best in terms of investment alternatives,” said Chris. “We believe in what South Main is doing, we like what South Main is doing. Especially being in on the front end…. as a general rule, it’s always better to be in on the front end of a development from an appreciation perspective.” Chris also plans to have the home ready as a vacation rental for the summer high season, a time when South Main Vacation Rentals have very strong occupancy.

And then of course, there is the emotional piece of the equation, which runs deep for the Wasiks. Chris used the words “love” and “beautiful” frequently in referring to Buena Vista and the surrounding area. “The area is just absolutely beautiful, I love it. I have to keep stopping and looking out the window, reminding myself to stop and enjoy it. It’s kind of an undiscovered gem… I keep wondering why there aren’t more people there,” Chris said, adding that he likes it that way.

The home itself is a classic 2-bedroom Kenny Craft design, with a floorplan similar to 910 South Main Street. For a 1280-square-foot home, the first floor is full of light from the south-facing windows and feels very open and social, with a nice black granite breakfast bar and a powder room featuring a unique granite sink. “Having two attached walls goes really far in making the home economical” Kenny told me. With 20 feet of street frontage, features like the balcony and river rock foundation detail are still affordable within a budget like this.

With two kids in college and one already graduated, Chris and Susan Wasik hope to retire to Buena Vista, but for now they’re content to have a vacation home in an “ideal location” which they can rent when they’re not around. “It’s far enough from the city to be small town, but close enough to ‘get your Costco fix.’ I walked it off,” said Chris, “and we’re 100 steps to the bank of the river… you can’t beat that.” We couldn’t agree more. Welcome to the neighborhood, Wasiks!

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