1 Bedroom At 2200 Westlake Sells At Auction, Last Price $371,000, Sold for $252,200

2200 Westlake Exterior

The sale of the weekend has to be #w504 at 2200 Westlake. I had been watching this unit for a few months and it finally sold. It had originally been on the auction block in December - the minimum bid price set by the bank was $205,734. 2 months later, the bank set the minimum at $221,995. I'm sure they had done their homework with the market and it appears they had little issue … [Read more...]

Cash Buyer? Offer On A Project Facing A Lawsuit

Veer Lofts _ Exterior 2

If your an investor looking for a little upside in your investment, one way you can play the Seattle market is by purchasing a condo during a time where the project is in litigation. I know some of you are shaking your heads, but hear me out. If you do your homework with public information you can find material on the lawsuit and if your comfortable with risk you can make a … [Read more...]

Luxury 2 Bedroom Purchased for $1,425,000 in 2008, Sold for $828,927 at Friday’s Auction

One_Lincoln_Views

Remember this post from last Friday? We wrote about unit #3905 at One Lincoln Tower. The 1,516sf condo was owned by Mastro associate Thomas Hazelrigg. On Friday morning the luxury unit was headed to the King County Foreclosure auction. It had a minimum bid of $828,927. Well, it sold. The new owner has to be thrilled. From what I've heard they are going to use the condo as … [Read more...]

Mastro Associate Hazelrigg Is Losing A Condo Today Through Foreclosure

One Lincoln Tower

Thomas Hazelrigg who was a long time friend and business associate of  Mike Mastro has a condo going to foreclosure today. Mastro was the local real estate mogul gone broke that was recently in the news for being apprehended in France by the US authorities. Hazelrigg who made a career of "hard money" lending borrowed millions from Mastro and is now subject to bankruptcy … [Read more...]