Bellevue Towers Penthouse Goes Pending

Bellevue Towers Penthouse Goes Pending_fin

A east facing penthouse at Bellevue Towers just went pending. At one point it was priced as high as $3,ooo,ooo. Listed at $2,076,000, it will be interesting to see what it sells for. At 3,036 sq ft, I'm sure the owner will have plenty of space to enjoy. The unit has views of Mt Rainier and the city skyline. Bellevue Towers continues to show strong sales as buyers flock to the … [Read more...]

Bellevue Condo Developers, Pay Attention

Bellevue_Towers_Unit_View

Bellevue condo developers, pay attention to what I'm about to tell you. There is an unbelievable shortage of affordable condos in downtown Bellevue. If a buyer wants a condo built in the last 10 years and has a budget of $400,000 - there are just 4 units to choose from. With a $500,000 budget - just 7 condos. I realize there are risks with the development of condos. In … [Read more...]

Bank Owned Condo At The Parc, Last Sale $522,950, Now $354,900 (Investment Analysis)

The Parc Entrance

    Looking for a bank owned condo? How about at the Parc in Belltown. Unit #627, sold for $522,950 in 2008. Now post recession, it has gone on the market this week for $354,900! It has a courtyard view from the private deck, dual vanity master bath and island kitchen. At $355 per foot for a 2 bedroom, I'd take a look. Maybe you could purchase it, rent it … [Read more...]

5th & Madison Condo, $940K In 2008, Now $675,000

5th and Madison Exterior

  Remember the condo auction at 5th and Madison? One the units that went back to the auctioneers is on the market for $675,000. It's on the 23rd floor (sub-penthouse) and offers 1,205 sq. ft. It's been rented since late 2009. One thing I found interesting is that the seller is offering financing. With 10% down, buyers have access to a 5 year interest only loan at a 4% … [Read more...]

Short Sale At Cosmopolitan, $552,450 In 2007, Now $325,000 (Analysis Included)

Cosmopolitan_#2710_final

There is a new short sale at the Cosmopolitan (9th & Virginia - Denny Triangle). Unit #2710, bought for $552,450 in 2007 is now listed at $325,000 (talk about a market correction!) So how does this unit compare to recent sales in the building? I've put together a list of 1 bedroom sales in the last 6 months. It is important when analyzing views, condition of the unit and … [Read more...]

Lumen Penthouse Goes Pending

Lumen Penthouse

  The luxury penthouse at Lumen condos is now pending. At 2,120sf - it appears to be a pretty good deal for the buyer.  See more photos here We won't know what it will sell for until it closes, but even at the list price of $699K or $330 per square foot, one could argue this is one of the better deals this year. The unit offers, 12ft ceilings, a private patio, … [Read more...]

Just Sold | Kirkland Waterfront Condo | Top Floor End Unit

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We just sold this condo that sits out over the water.  Our clients owned the unit for close to 10 years. The building has had extensive re-novations in the last 3-4 years. Anyone looking to live in Kirkland, it might be worth keeping an eye out for available units. Congratulations to our owners who have re-located to Palm Springs, CA JUST SOLD Kirkland View Condo | … [Read more...]

Only 24 Condos In Downtown Seattle Priced Below $400,000, 12 In Downtown Bellevue

Seattle Skyline

I'm on travel at the moment, but thought I would provide a quick update on inventory. In the downtown Seattle market there are only 24 condos to choose from priced below $400,000.  In the last 30 days, there were 13 sales in this price range. (Downtown Seattle | $400K or less) In Downtown Bellevue they have 50% less inventory than Seattle in this category - only 12 … [Read more...]

Can You Buy A Seattle Condo For Less Than $200,000?

Grandview_Exterior

  YES. There were 5 condo sales in the last 40 days that sold for less than $200,000. Check them out! Click on the links for more details, pictures, etc....   Site 17 - Unit #604  Sale price | $128,000   Site 17 - Unit #806 Sale price | $150,000   Grandview - Unit #1305 Sale price | $189,000   Belltown Lofts … [Read more...]

Veer Lofts Owners Association Files Construction Defect Suit Against Developer

Veer Lofts _ Exterior 2

There are recent developments regarding a popular South Lake Union condo project that merit your attention. A lawsuit was filed on September 24th in King County Superior Court on behalf of the owners at Veer Lofts (Veer Lofts Owners Association). The lawsuit filed against the developer of the project, alleges defects in the projects materials, instillation and … [Read more...]

Washington Square – Bank Owned Condo, Coming Soon

Washington-Square-Condos

For those of you looking to buy something bank owned, I have a unit for you to keep your eye on. Unit #603 at Washington Square was on the market last year for $245,000 (bought in 2008 at $413,000). Listed as a short sale, Wells Fargo - the lien-holder, had approved a price of $245,000. No one bought it and now its headed to the foreclosure auction tomorrow. Why isn't … [Read more...]