New Listing At McGraw Street Townhomes In Queen Anne

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There is a new listing at McGraw Street Townhomes in Queen Anne.  I've been a big fan of this project and have written about it in the past. A friend and client of mine purchased one of the 8 modern townhomes back in 2008. This particular end unit (560 McGraw) which happens to be one of the best units in the entire project was once listed for $659,950. Now priced at $499,999, I … [Read more...]

Bellevue Towers Offers Limited Release Pricing, Shows Strong January Sales Numbers

Bellevue Towers Re-size

  The success from 2011 has carried over into January for the sales team at Bellevue Towers.  According to my source at the project, they have sold 7 units this month and are negotiating contracts with a number of other buyers. This comes on the heels of their newly released pricing promotion. Limited Release Pricing is offered for select homes. These condos … [Read more...]

Top Floor At Bagley Lofts In Wallingford

Bagley Lofts - 4422 Bagley Ave #310

With limited inventory in the downtown market, some Seattle buyers are looking elsewhere for their condo or loft. I would definitely take a look at this top floor unit at Bagley Lofts. It just hit the market a few days ago. It has 14 ceilings, city and lake views, slate floors, marble, Bocci, Lutron and Juno fixtures and an elevated loft space currently used as an office. If … [Read more...]

Just 10 Units Left At One Main Street In Bellevue

One Main Street Condos |  urbancondospaces.com

  With two more buyers purchasing units at One Main Street last week, their inventory is down now to just ten homes. The remaining homes at the boutique 57 unit project are a variety of one-bedrooms. The smallest and least expensive home is a 662 sq. ft. priced at $299,900. It features a nook separated from the main living space by sliding doors. Other features … [Read more...]

New Wave of Rental Units In Popular Seattle Condo Projects

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For those of your looking to rent in 2012, there are a new wave of rentals that just hit the market in Seattle. Unlike traditional "apartment" projects, these rentals are condo owners leasing their units in highly coveted buildings. I've included the listings below.  Just click the picture to view more details. 5th and Madison unit #1704 (learn more about 5th and … [Read more...]

Sanctuary On Capitol Hill To Resume Sales January 28th (Pictures)

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  Its back again. Sanctuary - a 12 unit residential conversion of the former 1906 First Church of Christ, Scientist is scheduled to be re-introduced to the market next week (see below). It was originally built between 1906 and 1911 and was designated a historic landmark by the City of Seattle in 1977.  In 2007, an adaptive reuse and redevelopment of the church took … [Read more...]

The Next Housing Bubble In Seattle – Apartments?

Seattle Skyline

  I just read a great article today about apartment developers who face a potential supply bubble.  It highlighted some very important points that are worth considering as we examine the next 5-7 years in the Seattle market. We are in massive cycle of apartment development.  Just this last year, we've seen an incredible amount of new projects get underway. … [Read more...]

4.5 Million Dollar West Facing View

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Um.....Yeah. The list of incredible view units just grew by one. Check out this west facing view unit at One Lincoln Tower in Bellevue.  Originally bought in shell condition, it was creatively developed and is now listed for sale. How much - $4,500,000 (MLS #311189).  Its $4.5 million dollar price point puts the 3,000sf unit in exclusive company. There are only 12 units for … [Read more...]

Follow Up – Millennium Tower Minimum Bid Is $1,351,500 (Last Sale Price $1,950,000)

  Did you catch this post on Wednesday?  Unit #1506 at Millennium Tower is scheduled for auction today and it has a minimum bid from the bank at $1,351,500. The unit was purchased in 2004 for $1,950,500. The owner of the unit is a man charged with running the largest Ponzi scheme in Washington State history.  It will be interesting to see what this unit sells for.  If you … [Read more...]

Ponzi Scheme Leads To Sale Of Millennium Tower Condo (Foreclosure Auction)

Unit #1506 _ C/O Lister/Parmenter

There is a condo going to foreclosure auction this Friday and its in one of the most luxurious buildings in all of Seattle - Millennium Tower.  What makes this foreclosure unique is not just the property itself, but the Ponzi scheme that surrounds the person that bought it. Do you recall the story of Meridian Mortgage Investor Fund?  The founder Frederick Darren Berg, a … [Read more...]

Cristalla Condo Sells for 57% Less Than Its Last Sale Price In 2007

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Do you remember this condo we wrote about in September? Then, unit #809 at Cristalla was scheduled to go to auction with a minimum bid of $254,745. It was postponed (delayed) and finally made its way back to the foreclosure auction last Friday. It was brought to our attention by a loyal reader and client of ours who wanted to purchase this particular unit. On their behalf, I … [Read more...]

The Penthouse at 1521 is Back….Reduced by $1,062,820 or 21%

1521 Penthouse

Do you guys remember this penthouse?  We covered it back in February of last year (1521 Penthouse, Yes Please).  It was also featured in a guest piece on Seattleite.com.  Well, it is back on the market and it appears to be priced to sell.  At a cool $3,900,000 it can be yours.  I recommend  at least looking through the photos.  This is un-doubt-ably the best penthouse on the … [Read more...]

I’m Back From Vacation – 2012 Resolutions For The Blog

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Happy New Year!  I've been away on a family vacation (Mexico) and I'm just getting back and caught up on work.  I had an amazing trip, and I'm thankful for the family that I have that made the trip so special.  Taking some time off always helps me to re-charge and give my best efforts again to the blog.  Here are some resolutions I have for 2012: I'm excited to share more … [Read more...]