Bank Owned 1 Bedroom At 2200 Westlake

2200 Westlake Just Sold

A new bank owned one bedroom just hit the market at 2200 Westlake.  The last time it sold was in 2007 for $410,000.  Now it is listed at $249,900 ($355psf).  It is located on the 3rd floor in the Arte or south building of the South Lake Union project. See the listing here: #S304 … [Read more...]

In 5 Days, 3 Bank Owned Condos Hit The Market In The Same Building

Bank Owned One Bedrooms

There is a healthy debate right now on the impact of bank owned properties in the Seattle and Bellevue condo market. I personally believe they are presenting a pretty compelling buying opportunity.  Some of them are priced well below market.  In this week alone, 3 bank owned 1 bedroom condos hit the market at Washington Square. Keep in mind that not all bank owned properties … [Read more...]

Bellora Sub-Penthouse On The Market

Bellora View

For those Bellora lovers out there like me, check out this unit (1204) just one floor below the penthouse.  It just hit the market on Friday and will be open to the public TODAY (June, 26th) from 1-4pm.  If you end of checking it out, report back with what you think. Here is a link to the listing. *photo courtesy of Marianne Parks   … [Read more...]

Queen Anne Home, Will Leave You Speechless

Queen Anne SL Stairs

Check out this home on the southeast slope of Queen Anne.  When I went through the pictures for the first time this morning, I was in awe.  What a cool pad. Super modern, clean lines and floor to ceiling views of the Seattle skyline. Unfortunately, the MLS (multiple listing service) doesn't allow more than 15 photos. This place could have 30-40 pictures. The owner purchased the … [Read more...]

2 Bedroom For Rent, South Facing At Bellevue Towers

Bellevue Towers 1514 Arrrow

If your in the market to lease a condo, you may check out this 2 bedroom at Bellevue Towers.  It is on the 15th floor and is South facing (see the picture above). You'll get a really cool street view of 4th ave going west.  This unit is a 2 bedroom plus den, 2.5 bath with a large floor plan. It has granite counters, cherry wood cabinets, Wolf stainless and big views of Mouth … [Read more...]

Killer Seattle Re-Model, Priced Under $500,000

Ravenna Re-Model

Check out this house near Ravenna. It has street appeal, great updating and a huge backyard.  I would expect this home to be off the market by the weekend. It is a great example of a seller pricing their home correctly.  It also helps that the owners have done a phenomenal job re-modeling and decorating.  I love their approach with the kitchen. They used a stainless commerical … [Read more...]

Market Court Begins Siding and Window Replacement

367

  If you've been down to Pike Place Market in the last few days you probably noticed the scaffolding going up on Market Court Condominiums. They are set to begin an estimated $3.1 million dollar replacement of both its siding and windows. As I mentioned in a post last week, it presents an interesting scenario for someone wanting to take advantage of lower prices due … [Read more...]

Foreclosure Results, Pomeroy 1 Bedroom

Pomeroy

  Quick update on this sale that we posted about last week.  It sold for $185,001.  The buyer paid $1 over minimum bid. When you see this, it is a sign that there was only 1 bidder at the auction. Congratulations as he is a reader and a friend of UrbanCondoSpaces.com     … [Read more...]

5th and Madison Penthouse For Rent

5th and Madison

Project: 5th and Madison Neighborhood: Downtown For those of you looking for a rental, the penthouse at 5th and Madison just hit the market (see here).  It is 2,043sf with big views and substantial upgrades.  Referred to as penthouse 3, this unit has a formal entry, 12.5 ft ceilings, fireplace, deck, audio/visual system, automated blinds and customized closets. It has an … [Read more...]

Short Sale At Bellora, From $625,000 to $369,000

Bellora Ext

Project: Bellora Neighborhood: Belltown Do you remember when I posted about this Bellora unit (#308) a few months ago?  At that time, I pointed out that at the highs of the Seattle condo market it was listed at $625,000. It came back on the market in March of this year at $477,800.  Well today it was reduced to $369,000 and is listed as a short sale ($309psf).  If your in … [Read more...]

Can Buying A Condo With Siding Issues Be A Good Investment?

Market Court Arrow Final

We just sold a unit at Market Court Condominiums near Pike Place Market. I'd have to say that it was one of the more difficult challenges I have had in a few years. When my seller contacted me to put the unit on the market, I was cautiously optimistic at best.  The seller purchased the unit on his own at a foreclosure auction. He obtained the unit for a great price but didn't … [Read more...]

One Main Penthouse Sells, Update On Activity

One Main Penthouse Twilight

Check out this penthouse that just sold at One Main.  It is a 3 bedroom, 3 bath unit with 1,891 sq. ft.  The selling price was $1,200,000 ($634psf). That leaves just one more penthouse (#901).  Unit 901 is a west facing unit with 2,254 sq. ft. One Main has benefited from a flurry of sales in the last 30 days. According to their blog, they had 3 sales in the first week of … [Read more...]

Pomeroy Condo In Belltown, Last Sale $381,000, Minimum Bid At Upcoming Auction $185,000

Pomeroy Exterior

Project: Pomeroy Neighborhood: Belltown One of the units I'm watching this week at the foreclosure auction is a one bedroom at the Pomeroy.  The last time it sold was in 2007 for $381,000, on Friday it will be auctioned off  with a starting bid price of $185,000. Unit features include: 652 sq ft. Hardwood floors Stainless appliances Maple cabinets Granite … [Read more...]

Bellevue Reporter On The Success At Bellevue Towers

Bellevue Towers See Increased Sales

Late last week, we were given the opportunity to speak with Nat Levy at the Bellevue Reporter.  Nat was running a piece on the recent recording setting success at Bellevue Towers. We worked with Nat and the Reporter to provide sales information for the condominium project and to speak to the consumer confidence in todays market.  For those of you that have not had the … [Read more...]