2010 January | UrbanCondoSpaces | Seek. Live. Urban.

How To Buy A Short Sale

January 16, 2010 By jeff Leave a Comment

If you haven’t noticed the incredible amount of short sales on the market, I would venture to guess that you have not been looking for a new home. Since the begining of 2009, I have noticed more and more short sales hitting the market. It boils down to a few different contributing factors:

1. Unemployment
2. Loss of assets (Stocks, 401 plans, retirement savings)
3. Investors that over levered and are willing to “give” up.
4. Simply; a homeowner is underwater and their home is worth less than what they paid for it.

Short sales by definition are “A property sale negotiated with a mortgage company in which a lender takes less than the total amount due”. This is an opportunity for both the bank and the owner to avoid foreclosure. What I am suggesting is to embrace these sales. It is an chance of a lifetime to get an unbelievable deal on the purchase of your home or condo. Short sales can represent discounts of up to 35-%40! The caveat is evaluating the property and doing the initial research to make sure you buying a short sale that fits the category of success. Or put a little more simply, the home that gives you the best chance to close.

The advice I would give you would be to understand ahead of time what type of short sale it is. The most important ways to evaluate the property is by asking the listing agent these exact questions:

1. Do you have bank approval for the price that you are currently listed at today?
2. Does the owner have more than one lien that needs to be removed?
3. Have you received any other offers?
4. Do you have a negotiator that will be handling the file?
5. Who is responsible for paying the short sale negotiator?

Sometime in the future I will explain the importance of these questions in greater detail. If you have any questions or need further assistance, please feel free to contact us at info@urbanimg.com

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Filed Under: Buyer Tools, Home, How To Buy A Short Sale, The UCS List Tagged With: "featured", 5 Good Questions for buying short., Buying, Short Sale

Hjärta Condos Back On in Ballard

January 15, 2010 By jeff Leave a Comment

I just talked to a contact over at Matrix and they are announcing a re-opening of the Hjärta project in Ballard. Their message on twitter says the following:

After a hiatus Hjarta Ballard is reopening for SALES tomorrow. FHA approved with two new furnished models. www.hjartaballard.com

Hjarta is a located in Ballard at 1563 NW Market St. With a focus of being a LEED certified project, Hjärta boasts the importance of being “built green”. In terms of how that benefits the owners, the following statement can be found on their website; “Hjärta owners are experiencing up to 30% reduction in energy bills compared to most other condos.

A few of their common features include:

Rooftop Garden
Community Room
Yoga Studio
Workout Facility

Hjärta is a steel and concrete project of 8 floors, 79 units and contains 1, 2 and 3 bedroom plans. They have four finishes including the “Retro, Classic, Pacific and the Peninsula. Built by Pryde-Johnson who also built the Florera in Greenlake this project has had its fair share of uncertainty. Now with their sights on selling out the project, it will be interesting to follow their success.

[mappress]

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Filed Under: All Condos, Ballard, Hjärta Condos Tagged With: "featured", Ballard, Condo, Hjärta, Seattle, Steel and Concrete

A Studio In Seattle = Square Peg In Round Hole

January 14, 2010 By jeff 4 Comments

For some reason in the last 4-5 years developers decided that buyers would warm up to a studio. I want to go on the record and say it is a waste of time, money and resources. Studios work in Boston. Studios also are popular in New York. Seattle is not a market for a studio. I’m sure a few of you will argue with me and I can understand why. I already know what you will say:

1. It allows a lower price barrier of entry.
2. It serves a minimalist that doesn’t need the space.
3. They allow developers to make more money on the 1, 1.5, and 2 bedroom units.
4. I own one, don’t offend me (Owning as studio is ok, building more studios in Seattle is not)

I can see the points above and consider some of them valid. However, we don’t have the density of a NYC or Boston. Somewhere along the line, design consultants tricked our local developers into thinking that there is a difference between an ”open one bedroom” and a studio. Lets set the record straight; an “open one bedroom” is a studio. So when the Seattle market was flooded with high priced units offering un-orignal space, I think it was a major mistake. Thus far, the public rejected it and the projects are having difficulty selling out. I’m not pointing the finger at any one person. With that being said, moving forward I reccomend that builder/developers ask the consumer what they want.

What is the best layout of a unit?
How much space do you need?
Do you want more sqaure footage in the bedroom or living areas?
Are you willing to buy a unit where your guests might see your dirty laundry and your bed?!?

Doing more homework and surveying local buyers who haven’t purchased would go a long way. Developers can adapt to more transparancy. I think buyers know what they want. Developers could build success stories by reaching out to their customers and getting great feedback. From what I have heard thus far, it would be much more successful than quickly building a product and shoving it down the throats of the local condo buyers. I would suggest that the development community work together from here on out and build something that we “all” believe in.

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Filed Under: Home Tagged With: "featured", Boston, Condo, Condos, New Construction, New York, Seattle, Studio

The Vine Condos

January 12, 2010 By jeff 3 Comments

The Vine, built by Swinerton and Cedar Development LLC in 2002 has 174 units in the building. The Vine’s location much like the Parc, Bellora, Mosler Lofts and Avenue One gives you walking access to many of Seattle’s downtown attractions. Located on Western Avenue, The Vine is a mixed-use development with two towers of 6 and 12 stories; both residential condos and retail space. The unit mix is comprised of studios, 1-bedrooms and 2-bedrooms.

The Vine is located at 2607 Western Avenue. Just blocks away from the Olympic Sculpture Park, Mrytle Edwards Park, Seattle Center, the waterfront, restaurants, coffee shops and nightlife. The architect was GGLO and other contributing parties included Intracorp.

AMENTIES
_______________________________________________________________

The Vine’s amenities include:

Two lobbies with secure entrance
Landscaped Courtyard Entrance
24/7 Concierge
Secure underground parking
Fitness Center
Guest Suite
Gated outdoor patio with stellar views
Owner’s lounge with kitchen

UCS EXCLUSIVE WEBSITE
_______________________________________________________________

UCS Exclusive Vine Website: www.thevinecondos.com

UCS PROJECT GRADE:
_______________________________________________________________

Address:	2607 Western Ave, Seattle
Year Built:	2002
Bedrooms:	Studio, 1, 2,
Bathrooms:	1–2
Total Units:	174
Amenities:	24 hour concierge, rooftop deck, owners lounge, exercise facility, guest suite & landscaped courtyard

My Grade:

Location:	B+
Amenities:	B+
Price:	B
Luxury:	C+
Walk-ability:	A Google Walkscore
Unit Decor:	B-

WALKSCORE
________________________________________________________________

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Filed Under: All Condos, Belltown, Home, Projects Reviews Tagged With: Belltown, Condos, Seattle, Seattle condos, The Vine

Last Unit At Leona

January 12, 2010 By jeff 1 Comment

I was just notified that Leona on Queen Anne has one final unit for sale. This isn’t “breaking news” by any means, but it is worth noting that although the listing began at 1,495,000, it is now listed at $850,000.

Its open on Thursday from 1-4pm if anyone wants to take a look. See the PDF below for a view at the flyer.

Leona Unit

[mappress]

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Filed Under: All Condos, Condo Updates, Leona Tagged With: Condos, Leona, Queen Anne, Seattle

10 Steps To Rent Your Condo

January 12, 2010 By jeff Leave a Comment

Leasing your condo is not an easy task. With that being said, if you follow these 10 steps it will help you make this transition from a vacant unit to being a landlord. If you think about it, most of us never intended to be a landlord. We purchased our first unit, simply outgrow it, move on to bigger and better and then have to plan on how to manage the newly designated “rental” unit that we now own.

I must tell you that before you rent your condo, you need to do your homework and put ample effort into the process and the practice of renting your unit. Once you become a landlord, you have new moral and legal responsibilities. Renting your condo comes with potential legal liabilities as well.

Here are 10 steps to take before you rent your condo:

Call Your Homeowners Association:

It is the first and most important step. Most condos permit rentals, but unfortunately others do not. Some condos require board approval, function on a rental cap or even impose certain lease teams. One trend as of late is to restrict the act of renting until the owner has lived in the unit for an extended period of time (i.e. 1-2 years). The best way to determine the rules and regulations are to contact your homeowners board, the association or have your real estate agent request the CC&Rs from their preferred Title Company.

Know Your Market:

Have you ever thought about how much your place may rent for? What are similar condos in your project renting for per month? What about other condos in the area? You have to think about what your condo offers in comparison to others. Amenities, services, location, neighborhood conveniences. Do some homework and research what other landlords are offering in terms of incentives. Some projects or even individual owners are offering month(s) free rent, gift cards, gym memberships, cable, etc.? Before you take your unit to the market, you must know about the 3 P’s of the rental process: Your product, your placement in the market and your price!

Run It Like A Business:

How much do you owe per month? You know you have to add the mortgage, the taxes and your dues, but do know all your potential expenses like: updated insurance, preparation costs including; painting, polishing floors, carpet cleaning, advertising, commission for rental agent, rent loss on turnover, repairs, legal fees if needed and the potential if you have a destructive tenant.

Understand The Tax Picture?

Talk to your CPA, because when you convert a principal residence to a rental your tax picture will change. In fact, your taxes may go up. How will the tax assessor know when you converted your condo to rental status? You are going to furnish that information on your next federal and state tax return. You report your real estate rental income and expenses on Schedule E of Form 1040. This isn’t my specialty, I would encourage you to contact your CPA for further details.

Do You Know Your Local Rent Laws?

It is imperative that you know the local landlord-tenant laws. Some jurisdictions may require you to register the property or obtain a business license to rent your unit. Cities that have rent control almost always require rental registration even if you are exempt from the rent control laws. Failure to comply with local rent laws can be costly. Do your research so you can avoid pesky fines. Local laws may contain other rules you should know about as well. For example, there may be regulation on security deposits. It may limit you on the amount you collect and espescially where you keep the money. In general, knowing your rental laws is a must. Understanding the process of eviction, deposits and property management should be mandatory as a landlord.

Make A File-Get To Know Your Paperwork:

If you are going to rent your condo yourself, you need really understand the paperwork required. The basics include:

1. A lease

2. A rental application

3. A service to provide, credit, criminal and an overall background check

You might try using some accounting software as well. You’ll need to know your income and expenses for when you file your tax returns. Remember what I said earlier; Run your unit like business!

Credit, Criminal and Background.

As a landlord, I would recommend at a minimum that you require a credit report on prospective tenants. This gives you a look at the tenant’s payment history. These reports also will reveal criminal activity plus other information like foreclosures and bankruptcies.

Call Your Insurance Agent.

Tell them you plan to rent your condo. The insurance you need to cover your condo while it is rented can usually be written as a rider to your primary homeowners insurance policy. Don’t skimp on liability insurance. Once you become a landlord you are more exposed to potential lawsuits. The cost of insurance is nominal compared to the added protection it can provide. An umbrella is a great policy to give you the overall protection you may need.

Follow Fair Housing Laws.

Fair Housing Laws are there for a reason. Follow them. Federal law protects against discrimination on the basis of race, color, sex, natural origin, religion, handicap, or familial status. State laws may extend the federal protection to additional categories.

For more information on Fair Housing Law, go to the federal government’s Housing & Urban Development website at:
www.HUD.gov/fairhousing .

Hire A Good Lawyer.

If this is your first time, or you plan on doing this all by yourself, you should have a real estate lawyer review your paperwork. A qualified real estate attorney can make any changes necessary to comply with local laws, and prepare any addenda that you may need. An addendum spells out any additional conditions to the contract and is often important as it adds additional terms and protection.

For example, there are many condominiums that require a signature on the rules and regulations of a contract prior to move in. An experienced real estate lawyer can also advise you if there are any particular pitfalls in the local laws for landlords. This will put you on notice in terms of any issues you need to navigate carefully. In addition, getting a lawyer on your team early gives you a legal contact in the event problems arise in the future.

___________________________________________________________________________________________________________

If you have made it this far, you are obviously serious about renting your place. I hope this post will assist you in the process and make it easier on you when you decide to make the leap into being a landlord.

In FULL DISCLOSURE, I assist clients in leasing their condominium units in addition to helping them buy and sell homes

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Filed Under: 10 Steps To Renting Your Condo, Home, Renting/Leasing Tools, The UCS List Tagged With: "featured", 10 steps to leasing your condo, condo leasing, How To, How to rent your condo, Rent, Renting

Buying Real Estate-The Right Way

January 9, 2010 By jeff Leave a Comment

Real estate is a great example of a purchase we make in our life that makes us emotional. At one time or another, you will get caught up in the moment of a purchase and you will make “emotional” decisions instead of “strategic” decisions. I want to help you understand a few ways to overcome the tendency of getting emotional over your new home or condo. Before we get there, lets go through the steps you need to take before you get to the negotiations:

1. Get Pre-Approved.

Getting pre-approved by a lender should be the first step on your way to home ownership. It is quick, easy and FREE. Until you are pre-approved, you may be looking at homes that you simply can’t afford.

2. Pick a GREAT agent/broker to help you identify your goals and needs for a new home.

This is obviously a pretty big piece to your new purchase puzzle. You don’t want to just choose anyone. Interview them. Write down your goals and desires for a purchase and ask your prospective agent; ”Do you have the experience to help us find this kind of property?”. ”Are you willing to negotiate for us as if it was your own purchase?” ”If we respect your time, are you willing to take the time to help us choose the best home for us?”.

Getting off on the right foot with a qualified, experienced and intelligent agent is the first step in the process. Think of them as an advisor. This is an important decision; you need someone in your corner, acting with your best interests. Pick an expert in the area that you would like to purchase. Don’t settle for a friend, family or acquaintance. Interview first, hire second.

3. Treat a purchase like a report

Does everyone remember book reports in grade school? I do. Here were the steps then that led to success then and how they relate to your purchase now:

-research (Pick three neighborhoods and stick to them. Get to know them, and make it a priority to understand the ins and outs of where you may call home. Having three neighborhoods identified early, will force you to stay focused. It can be easy to look all over the city, but if you do, you will get distracted, you’ll get frustrated and the number of homes/units to look at will seem endless!)

-an outline (Write down the contents of your new home. What does it look like? What floor? What type of amenities do you need? Do you want the unit closest to the grocery store, or with a better commute to work?)

-a draft (This is where your hard-work will lead to success. Take the time to sift through the junk. Everyone has their own way of researching homes Craigslist, Google, Windermere, John L. Scott, Coldwell Banker, Redfin etc…. It doesn’t matter what site you use; just pick a horse, sift through the homes you don’t like so it will reveal the homes you do like!

-The final product (now that you have the neighborhoods of choice and the homes/units identified, you need to build confidence in your decision).

4. What does your gut tell you?

This may be an old saying and one that doesn’t help the analytical type, but I’m telling you that you need to trust your instinct first. If the place feels like an investment that you would enjoy, be happy with and something that you would be proud to show your friends and family; it probably is. Let your “gut” help you make that decision.

5. I’ve found the “place”! Now what?

This is where you start to build your strategy. You need to remove the emotion and the feeling that you can’t live without it. You need to quickly identify two other units or homes to help you negotiate. Ask your agent to build a negotiation strategy, based on those units as well. What I mean by that is when I represent a buyer I typically like to show the sellers they are on a list of ”3″.

Here’s an example: ”Mr and Mrs. Seller, we have identified your home as one that we may purchase. It is on a list of our three favorites. Once we go through the pros and cons and we make our decision, we will let you know”.

At this point, the sellers know that there is competition. By doing so, you “create” emotion that the seller has to deal with. They may ask themselves, “if we don’t take this offer, they will probably take one of the others, right?” or “I think we should just give them what they want. We don’t need to be on the market any longer…..do we?”.

The other side to this method is that it is often a much better experience for you as a buyer to give yourself another option in case your first options falls through. This helps remove emotion; thus forcing you to make better “strategic” decisions which ultimately lead to getting a better deal.

6. Make your offer sing!

The biggest part of getting an offer accepted is how it is written and presented. It needs to be clean. If your agent knows their stuff, they will add very little. The offer needs to be simple, straight and to the point. You need to do your homework so that you may touch on items that may be important to the seller. For instance:

Are they moving? Are they on a tight timeline? Would it help to give them a “quick close” so they can get on with their life and get to where they need to be “on time”. If that is the case, you can structure your offer to give, so that you may receive. A quicker close for a seller, could mean an additional $5,000 dollars off the purchase price for you. Bottom line is; find the opportunities to leverage and use them to your advantage.

7. Stand firm, but use deadlines to your advantage!

Now that you have submitted your offer. Stand firm. Don’t expect to always get an answer over-night. Getting everyone on the same page can take time. Use the deadlines in the contract to your advantage. For example:

“We’d like to have a response by tomorrow at 5pm. We are still waiting on a response from our other offer as well. We do like your home the best, but if it gets down to it. We may move in another direction if we don’t hear from you in a timely manner”

Time-lines create more decisive action from a seller.

8. Enjoy your new pad

Buying real estate is living the American dream. Enjoy it. Its not only a place to rest your head or to enjoy your friends and family; its the best investment you can make for your future. Home ownership will ultimately be your best investment. Treat it that way. I think if you follow the steps I’ve laid out for you, it will put you a step ahead. When you do finally own your first home; enjoy it, you deserve it.

As always, feel free to send me any questions, comments or feedback to info@urbanimg.com.

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Filed Under: Buyer Tools, Buying Real Estate-The Right Way, Home, Remove Emotion-Add Strategy, The UCS List Tagged With: "featured", Buying, choosing an agent, home purchase, How to buy a condo, Negotiating, Pre-approval, Purchase and sale, Steps to purchase

Washington Square Condo Update

January 8, 2010 By jeff Leave a Comment

I spoke with Royce over at Washington Square this afternoon and he reported the following:

Over 60% sold
200 occupancies
35 sales in 3 months
5 units sold thus far in the first week of the Year
In 2010 they will retire they construction debt and turn the project over to the HOA.

Royce also noted that they have brand new models and feel that they are the most competitively priced in the Bellevue high-rise market.

I’ll let you decide.

4053875826 d09c074ec5 o Washington Square Condo Update

[mappress]

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Filed Under: All Condos, Bellevue Tagged With: "featured", All Condos, Bellevue, Condo Update, Condos, Washington Square

Marselle Condo Update-Seattle

January 7, 2010 By jeff Leave a Comment

I traded a few messages with Steve at Marselle this morning (See below for the latest update)

According to Steve:

Marselle will be FHA approved at 40 sales. They anticipate reaching the 40 sales by the weekend.

They have had 8 Sales since December 23rd, with 4 pending offers.

Still have the best prices in the City
Studios starting at $199K
Open 1 Bedrooms starting at $214K
One Bedrooms starting at $229K
One Bedroom Dens starting at $249K
Two Bedrooms starting at $379K

5% Financing still available with no Mortgage Insurance and no HOA dues untill Jan of 2011.

[mappress]

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Filed Under: All Condos, Condo Updates, Marselle, South Lake Union Tagged With: "featured", Condos, FHA, Marselle, Pricing, Seattle

Rate Update

January 6, 2010 By jeff Leave a Comment

For any of you looking for rate information, I have gone to a trusted source to update us weekly on rates. I thought some of you might find it worthwhile as many of us are debating what kind of impact rates will have on our purchases and re-finances over the next 6-12 months.

While rates are not at all time lows they were at 4 weeks ago they are still at very low levels. Rates are similar to slightly lower from where they were one week ago. FHA and conventional 30 year are still low when you look at rates over the last few years. If you are purchasing a home that you plan on living in for only 3-5 years a 5 and 7 year arm have very good value on today’s pricing. If you are unsure how long you plan to live in and keep the home the 30 year will be the conservative and most popular way to go. In the future there are many different factors that can impact interest rates. As the economy improves the assumption is that rates will go up from current levels. Also currently the Feds have been purchasing treasury bonds and mortgage backed securities in the amount of approximately 1 trillion dollars over the last year. The Fed has been on record that purchasing will end at the end of the first quarter of 2010 and many believe once that happens we could see a rise in interest rates. Current rates are below for a variety of products. If you have any questions at all about pricing or different loan products do not hesitate to call me on my cell at 720-252-5552 or e-mail me at casey.reynolds@bankofamerica.com.

FHA: 30 Year: 5.0% -0- points 4.875% w/ 1 point
Conforming Conventional: 30 Year: 5.125% – -0- points 4.875% - w/ 1 point
15 Year: 4.5% – 0- points 4.375% – w/ 1 point
5/1 ARM: 3.875% – -0- points 3.5% – w/ 1 point
7/1 ARM: 4.5% – -0- points 4.125% – w/ 1 point
Jumbo: (Loan Amounts above $417,000)
30 Year: 5.75% -0- points 5.5% w/ 1 point
5/1 ARM: 5.5% -0- points 5.125% w/ 1 point

***Rates are base rates and are subject to change with the market and borrowers personal criteria: FICO score, LTV Occupancy, etc…*** Rates above are for purchase transactions – rates may differ on refinance transactions***

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Filed Under: In the news Tagged With: Bank of America, rate updates, rates

Brix Condo Update, Seattle

January 6, 2010 By jeff Leave a Comment

So I toured yesterday at Brix for a client looking to purchase a second home. April did an awesome job getting me up to speed with their progress and the remaining inventory. They have sold a pretty fair number of units over the last few weeks. They have 20 units left and only 2 remaining 2 bedroom units. Both are interior courtyard facing and priced at $389,000 for unit 138 and $429,000 for unit 139. I have included both floor-plans below for your reference.

Out of the 20 units remaining every home is priced less than $429,000. They have a few additional parking stalls that can be financed as well (value $20,000). Now that the luxury apartments across the street are getting closer to completion, hopefully the noise will subside. The rumor of Whole Foods going in that space was put to rest last month. Thanks to Justin at CHS.com (read article here).

[mappress]

Floor Plans:

Unit 138

Unit 139

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Filed Under: All Condos, Brix, Home Tagged With: "featured", Brix, Capitol Hill, Condos, Update, Whole Foods

The Parc Condos

January 6, 2010 By jeff 5 Comments

The Parc, another Intracorp project was built in 2007. Located in Belltown, between Western and 1st, the Parc is just blocks from Pike Place Market, the Olympic Sculpture Park and Myrtle Edwards Park. The project is comprised of studios, live/work lofts, one and two bedrooms and penthouse units.

EXCLUSIVE UCS WEBSITE
____________________________________________________________________________
www.parcbelltowncondos.com

UCS PROJECT GRADE
____________________________________________________________________________

Address:	76 Cedar St, Seattle 98121
Year Built:	2007
Bedrooms:	Studio, 1, 2, 2.5
Bathrooms:	1–2
Total Units:	185
Amenities:	24 hour concierge, rooftop deck, library, owners lounge, exercise facility, common garage, fire sprinklers, landscaped courtyard

My Grade:

Location:	B+
Amenities:	B+
Price:	A
Luxury:	B
Walk-ability:	A+ Google Walkscore
Unit Decor:	B

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Filed Under: All Condos, Belltown, Home Tagged With: "featured", Belltown, Cedar, Condo, Myrtle Edwards Park, The Parc, Western

Real Estate Is LOCAL

January 5, 2010 By jeff Leave a Comment

I thought I would add my two cents on today’s major headline, before heading home to enjoy the evening. I don’t know if any of you caught the pending home sales number today, but if you did, you probably were misled.

As we all the know, you can find the glass half-empty or half-full depending on what you are reading. Most of today’s press was the half-empty crowd. Dating back to my degree in mass media communications at UW; the media’s message that sells can be broken down to three major categories:

1. sensationalize.

2. Sensationalize

3. SENSATIONALIZE!

Here is an example from the media: “Pending Home Sales Fall in the Double Digits!” or “Pending Home Sales Nose Dive!”

Here is the real headline: “Pending home sales fall, but year over year have significant increase; and in the west (ie….where we live), pending sales drop just 2.7 percent”

Getting to my point, remember that real estate is local. It always has been and always will be. In fact real estate really should be looked at as tiny micro-climates (city to city or even neighborhood to neighborhood).

Judging by today’s headlines, one might think that we are headed back to the abyss. The only headline today worth really reporting was written by Eric Pryne of the Seattle Times (read here). He looked at the numbers here in King County. It pays to understand what we read.

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Filed Under: Home, In the news Tagged With: Eric Pryne, Headlines, Home, Pending, Pending home sales, Real Estate Brokers In Seattle, Sales, seattle times

Mosler Lofts

January 4, 2010 By jeff 8 Comments

DESCRIPTION

In December of 2007 the Seattle PI dubbed Mosler lofts as the most interesting & provocative residential high-rise to appear in Seattle since World War II.

Molser, built in 2007 is a striking image in the Belltown skyline. With 148 units, this 12 story building brought a lot of attention to the traditional Seattle market. The ground floor is home to a few 2-story townhomes, while the upper floor has incredible Penthouse units with generous decks and stunning views. Overall the building has a wide variety of floor plans. Each unit with a different vantage point.

The grand lobby sets the tone for the entire building and the project includes a workout facility, owners lounge, library, reading nook and a breathtaking rooftop deck. Mosler Lofts were Built Green and meet the LEED Silver standard of construction.

Architects:
Mithun Architects + Designers + Planners

Developer:
The Schuster Group

SEARCH

PICTURES

UCS EXCLUSIVE WEBSITE

______________________________________________________________________________
www.moslercondosandlofts.com

UCS PROJECT GRADE
______________________________________________________________________________

Address:	2720 3rd Ave, Seattle 98121
Year Built:	2007
Bedrooms:	Studio, 1, 2, 2.5
Bathrooms:	1–2
Total Units:	148
Amenities:	24 hour concierge, rooftop deck, library, owners lounge, exercise facility

My Grade:

Location:	B+
Amenities:	B+
Price:	B
Luxury:	B
Walk-ability:	A+ Google Walkscore
Unit Decor:	B

WALKSCORE
_______________________________________________________________________________

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Filed Under: All Condos, Belltown, Home Tagged With: "featured", Belltown, Built Green, Condo, Condominium, Condos, green, loft, Lofts, Mosler, Seattle, Space, Urban, Wa

Ruby Condominiums-Update

January 2, 2010 By jeff Leave a Comment

I just traded text messages with Melissa McMurray at Ruby Condominiums. As of today Ruby is 65% sold and all remaining units are under $300,000.

I expect reasonably priced projects like Ruby and Marselle to do quite well after the first of year as the activity from the Home Buyers Tax credit continues to simulate.

[mappress]

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Filed Under: All Condos, Eastlake, Ruby Tagged With: "featured", Eastlake, Ruby, Seattle condos

How To Buy A Short Sale

Hjärta Condos Back On in Ballard

A Studio In Seattle = Square Peg In Round Hole

The Vine Condos

Last Unit At Leona

10 Steps To Rent Your Condo

Buying Real Estate-The Right Way

Washington Square Condo Update

Marselle Condo Update-Seattle

Rate Update

Brix Condo Update, Seattle

The Parc Condos

Real Estate Is LOCAL