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 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)


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...]