Queen Anne High School Condo Sells For $131,161

Queen Anne High School Building

Yep, you read that correctly. We initially highlighted this unit last week in our Black Friday post. Unit #316 last sold in November of 2007 for $341,241.   Now, just 4 years later it sold for $131,161; which was "$1" over the minimum bid set by the bank. Some may argue that with the recent developments and the buildings history that this was a risky purchase, but I tend to … [Read more...]

The Modern Magnolia Townhomes Are Back, In A Big Way

298269_12_0

Do you guys remember when we covered the sale of these townhomes back in May of this year?  They sold at the foreclosure auction, and were rehabilitated by a local developer. The sales team pre-sold 3 out of the 4 units and this is the final one that remains.  I'd say it is well worth the wait.  The exterior is super cool, the interiors are decked out with modern features and … [Read more...]

500 Elliott Condos

500 Elliott Condos - Exterior

Building: 500 Elliott Condos Neighborhood: Queen Anne DESCRIPTION 500 Elliott Condos is located at the Southwest edge of Queen Anne. Known best for its convenient location, 500 Elliott also features, secure parking, a fitness center, lobby entrance, security and intercom access.  Many of the units offer spacious balcony's that feature great views of the Puget Sound.  … [Read more...]

Black Friday Deals For Seattle Condo Foreclosures

Cristalla Rooftop Deck

I couldn't resist.  It seams like every other e-mail in my inbox is for Black Friday.  So I thought we could make our contribution as well. I'm featuring the Black Friday deals for this Mondays foreclosure auction. Units scheduled to be sold on Monday include: Queen Anne High School Unit #316. Last sale price was $341,241. Minimum bid is $131,160 Queen Anne High … [Read more...]

Happy Thanksgiving From UrbanCondoSpaces!

HAPPY THANKSGIVING!

As I enjoy my second cup of coffee here at my desk this morning, I thought it was the perfect time to thank all of you for your readership, support and loyalty.  I'm always thankful for the love, but don't always get to share it. So......thank you, thank you, thank you! I also have a lot to be thankful for outside of work as well. I have an incredible wife, an amazing family … [Read more...]

By The Numbers – Belltown Condo Bought For $379,000, Now $209,000

The Parc #1107

This market still surprises me daily when it comes to pricing.  I came across this unit (#1107 at the Parc) during my inventory review this morning and it stuck out like a sore thumb.  I'm not endorsing it by any means, but I do want to look at some numbers: (13) There are 13 stories in this particular condo building (The Parc).  Unit #1107 is just 2 from the top. (2007)  … [Read more...]

Queen Anne High School Lawsuit

Queen Anne High School Building

If you had been following Seattle condo news last week, you probably noticed that the owners at Queen Anne High School received a favorable ruling in King County Superior Court.  The court awarded the Queen Anne High School Association 9.4 million dollars.  The lawsuit alleged that major construction defects were present at the historic building. Those defects include … [Read more...]

2 Million Dollar Condo At Escala, Now Asking $7,500 Per Month In Rent

Escala Condominiums

Unit #2401 at Escala just hit the market for rent. For a cool $7,500 per month.  Pictures have not been posted, but I can give you a few of the details.  It is 3,562 sf with big views of Downtown, Queen Anne Hill and South Lake Union. It is one of the biggest floor plans in the entire building.  With its own master wing, wet-bar, out-door deck, floor to ceiling windows and a … [Read more...]

Before You Buy Your Next Condo. Special Assessment Warning

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I noticed a disturbing trend in Kirkland this week.  3 condo projects are doing extensive work on their siding.  When ever a condo building goes through a siding replacement, it can be devastating for homeowners. The typical protocol is to use a combination of reserves and a special assessment.  The latter can give a homeowner nightmares. Just this past year, I've worked with … [Read more...]

Busy Week In Seattle Area Condo Foreclosures

Condo Foreclosures

        It looks to be a very busy week for Seattle area condo foreclosures.  As of today, the list of condos going to auction this Friday includes, Tavona (Gas Works Park), Avenue One (A penthouse in Belltown), Banner Building (award winning project in Belltown), Site 17 (Belltown on Western), Braburn (Capitol Hill), Shumway (Kirkland), Portsmith (Kirkland), Oasis … [Read more...]

Olive 8 Update, How Many Units Are Left?

Olive8_1800

According to an advertorial posted in the Seattle Times this weekend, Olive 8 is two-thirds sold.  If those numbers are correct they would have sold approximately 150 units thus far.  There are a total of 229 units in the building.  Olive 8 and Escala make up nearly 80% of the new construction inventory left in the downtown Seattle condo market.  Take a look at a post we … [Read more...]

3 Condos Owners That Found Buyers This Week

Unit #7B Washington Park Towers

  I thought it might be interesting to show you a few units each week that have found buyers.  When a unit goes from active to pending (inspection), it means that the buyer and the seller have agreed on terms and they announce to the public that they are "under contract".  I've listed 3 different condos below that have gone under contract this week. Click the … [Read more...]

4.5 Million Bank Owned Penthouse Goes Pending In Bellevue

#4102 Penthouse

Do you guys remember this post from September?  Then, we wrote about the 4.5 million dollar bank owned penthouse at One Lincoln Tower.  It appears that the owner,  East West Bank, may have found their buyer (thanks to a reader for passing along the information).  I've tracked this property for well over a year as it went through the foreclosure process.  I'm really looking … [Read more...]

Lofty Live/Work Condo In South Lake Union

2200 Westlake Live/Work

Live/work units don't hit the market very often.  They come in all shapes and sizes and are typically scattered all over the city.  Check out this unit at 2200 Westlake.  It's a 2 story, 1,380sf unit right in the heart of South Lake Union.  The ground floor work space is still in an unfinished shell, but the upstairs is pretty cool.  It has hardwoods floors an island kitchen, a … [Read more...]

Just Listed | Just Sold Mailing List

Panorama_Downtown_UCS

  We have a list of readers, clients, friends and family that receive all of our Just Listed/Just Sold announcements like you see below.  I try to leave most of these announcements off the blog so we can focus on other topics. However, if you are interested in seeing the properties that we list or sell throughout the year, then simply add your e-mail to the box below and … [Read more...]