Twenty-One Turtle Creek Condominium

Even after all that has transpired, the mortgage company involved with this property still wants to reinstate the mortgage, but unless the homeowner can buy back the property from the people who bought it from the HOA, the mortgage company is powerless to help. What started out as a $4,000 debt - which could have been paid in a timely fashion - has now escalated to $25,000 for the homeowner to recover his property.

21 Turtle Creek Condominium is the Northern-most highrise on Turtle Creek Boulevard before entering Highland Park.

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available at 21

Information you should consider when purchasing a home at
Twenty-One Turtle Creek Condominium

Particulars of my home

• 1 Bedroom

• 1 Bath

• Approximately 780 sq.ft.

• High Floor

• Southern View

Disclosure

The following items are not unique to this particular unit. However, no representation is made as to whether the following items are typical of other units in the building.

If you want to buy at 21, the unit offered is priced to reflect the condition of the building and the unit.

Original 2 pipe heating and air conditioning system (for entire building), balconies (which do not meet safety standards), and original windows (which provide no insulation and leak water during inclement weather) will be replaced or renovated with a special assessment expected to be approximately $25,000 for this unit - For a total of $11Million to $13Million to the community.

The owner makes no representation that the assessment will not be a larger amount, once a plan is completed and contracts signed. At this time the Association does not have a commitment from a bank to loan the money for the renovation, so each homeowner may be required to pay their assessment at the time the renovation is started.

It is estimated that upgrading the elevators will cost at least $1.5 Million. This is not included in the $10Million to $13Million renovation to the heating and cooling, balconies, and windows.

The roof on the building is nearing the end of its useful life. A new roof is another multi-million dollar expense.

The cost of renovating the domestic plumbing (for kitchens and bathrooms) is not included in these estimates, nor is the cost to refurbish the elevators - which still operate on a 1960's era vacuum tube control system.

This disclosure contains all items about which the owner is aware. Prospective buyers are encouraged to contact the 21 management office (214.522.7646) or the homeowner's association with further questions about this property.

Please note that the Association has the power to place liens on units at 21 and has foreclosed on homeowners for past due monthly fees and assessments. It is recommended that you contact the building management prior to purchasing this unit if you are concerned that you maybe foreclosed upon at the time of the special assessment for the renovations if you do not have the funds available.

Air conditioning is not adequate to cool the unit. Supplemental window units are not allowed by the Condominium Association.

Original windows (1963) are single pane and leak heat in winter and AC in summer.

The owner cannot speak to the experience of other homeowners at 21. The following items pertain to the time during which the current owner has lived in the unit:

• The heating / ac unit in the bedroom has only flooded the bedroom twice. Both times permanent staining was left on the carpet.

• The heating / ac unit in the living room has only flooded the living room once, but the carpet staining was not permanent and could be cleaned.

• The owner has never suffered any health problems due to breathing in mold, fungus, or other airborne pathogens (from the heating and cooling system and air returns) or feces (from the toilet leaks).

• The toilet in the bathroom one floor above has had a leaky seal and leaked toilet water into this unit only three times.

• The seal on the toilet in this unit has leaked twice, leaking toilet water into the apartment below only twice.

•  While this unit is not on the top floor, the roof of the building has only leaked into this unit once of which the current owner is aware.

• The main drain in the kitchen sink has only leaked twice into the common area (hallway) and into the unit. The most recent leak permanently damaged carpeting in the living room. The carpet has not yet been replaced.

The unit is entitled to one parking space in the underground parking garage.

Twenty-One Turtle Creek Condominium has the largest grounds and gardens of any high-rise on Turtle Creek.

The main power transformer for the building has only gone out twice. Both times the unit and the building were without power for several days.

The elevators in the building still use the original vacuum tube controls. Many parts to repair the elevators must be scavenged, causing at least one of the elevators to be down for multiple days at a time.

The owner cannot be held responsible for damages or expenses incurred by the new owner if the new owner's move-in is delayed due to the freight elevator being down.