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Edgewood building now open at Charlestown

55 new apartments, selling briskly!

Created date

April 23rd, 2013

For months, Edward and Margaret Serp relied on drawings, floor plans, and virtual tours to envision their new home at Charlestown. But now that the renovations on the community s new Edgewood residence building are complete, the Catonsville couple is eager to call it home. This month, Edward, a retired civil engineer, and Margaret, a former teacher, will be amongst the first new residents to move into Charlestown s recently reconstructed Edgewood building. The hardest part was not being able to actually walk through our apartment in person since it was under construction. We had a general idea what to expect after seeing other apartments and floor plans, but it s not the same thing, says Edward. First come, first served The Edgewood building opened mid-April and features 55 new apartments: 5 one-bedroom, 12 one-bedroom with den, and 38 two-bedroom. Buyers can also choose from 12 new floor plans with features based on resident feedback such as open layouts, stainless-steel appliances, and granite countertops. Many Charlestown priority list members, like Edward and Margaret, have already reserved their apartment of choice. Priority list members are contacted periodically when an apartment of interest becomes available; they are given the right of first refusal according to their priority list date. That s exactly how the Serps learned about the apartments at the Edgewood early on. We looked at Charlestown years ago and joined the priority list knowing we would eventually move, says Edward. The whole concept of worry-free living appealed to us, and the fact that there are provisions for continuing care if a health crisis would develop in the future. We received some information about the new building in the mail and decided to come take a look. The Edgewood building caught our attention because we enjoy spending time outside and really liked the idea of having a screened porch. The Edgewood features both wooded and courtyard views and is centrally located near Charlestown s Our Lady of the Angels Chapel, the Terrace Room Caf (currently being renovated), and the performing arts center, where residents can watch movies and attend live theater and musical performances. The new apartments are part of an ongoing effort to modernize the community, which celebrates its 30th anniversary this year. Other updates include an expanded fitness center with state-of-the-art exercise equipment; a group fitness studio with low impact floors, mirrors, and balance bars; an expanded 6,000-square-foot aquatics center with a 75- by 30-foot pool; and a salon and day spa with a massage room. Charlestown has been the widely acknowledged leader in retirement living in the area since we opened 30 years ago, says Vinson Bankoski, associate executive director at Charlestown. The completion of this modernization project further solidifies our position. This project is the fruition of years of planning and development, informed by ideas and feedback gathered from both current and prospective Charlestown residents. The end result: great new spaces, amenities, and services that are the most contemporary, innovative, and relevant in the marketplace. Perfect timing The Edgewood opening coincides with positive news from the Maryland Association of Realtors (MAR), which reports the number of homes sold in February increased by 3.1%, up more than 100 units from February 2012. MAR also reports that average home prices grew by 6.3% and median prices rose by 5.6% during the same period. Edward and Margaret sold their house of 22 years in record time. We didn t even have a chance to put our house up for sale, says Edward. While we were interviewing [real estate agents], another [agent] who had heard we were planning on selling contacted us and asked if they could show our house before it went on the market. We agreed, and it sold! MAR President Carlton Boujai says the data for February are extremely encouraging for the spring market. We foresee the continuation of an improving real estate market, says Boujai. The shrinking inventory is a clear indicator of a robust market. He goes on to note, In February, the inventory declined to 6.3 months, compared to 8.3 months in February of last year. According to MAR, six months of inventory is widely considered an indicator of a healthy market. For more information about the exciting new changes taking place at Charlestown, to schedule a tour of the new apartments in the Edgewood, or to learn how to become a Charlestown priority list member, call 1-800-790-0216.