1521 Second Avenue and Olive 8 Sales Centers Closing

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With 5 units left for sale, 1521 and Olive 8 plan to close their show rooms following their final sales event this weekend. The final sell-out of these two luxury projects is a much bigger story than it appears. There are approximately 40 new construction units left in Downtown Seattle. In area 701 (DT Seattle), there is just one new construction delivery scheduled (Insignia … [Read more...]

Lumen 1 Bedroom, Last Sale $343,856, Now $206,159

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I've been keeping my eye on the foreclosure market and unit 110 at Lumen caught my attention this week. It was purchased in May of 2007 for $343,586 and now its scheduled at todays auction with a minimum bid of $206,159. I would necessarily jump at this particular purchase, but for $206,000 there are a lot of worse places to put your money right now too. The only downside … [Read more...]

Seattle Sounders Fan? Rent Fredy Montero’s Bellevue Condo

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montero photo credit from mlssoccer.com Seattle Sounder's star forward Fredy Montero is renting his condo at One Main Street in Bellevue. Montero, who is currently on loan to the Columbian Millonarios FC bought the unit for $414,000 back in December of 2011. The asking price is $2,200 per month for 885 square feet. To be honest, at $2.50 per foot it's a great … [Read more...]

Just Sold, 2 Bedroom View Condo At Carillon Point

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JUST SOLD VILLAS AT CARILLON POINT 5304 Lake Washington Blvd NE #G, Kirkland $690,000 | Sold Off Market 2 bed | 2 bath 1,481 square feet Sold off market, full price offer Big views in the boutique condo community at Villas In Carillon Point. Beautiful kitchen featuring custom cabinets, Wolf range, Subzero refridgeration and  Bosch dishwasher. Private view deck with … [Read more...]

New Apartment Design Will Block Views For Belltown Condo Owners

Walton Lofts - Design Review ℅ VIA SCA_web

View Western and Vine Apartment Tower in a larger map There is a new apartment project that was submitted to Seattle design review on January 8th (see here) - Walton Lofts. This is another project by The Schuster Group (Mosler Lofts and Joseph Arnold Lofts). The proposed project has the potential to change the views of 3-4 condo projects in the Belltown neighborhood. As … [Read more...]

Seattle Condos Selling While Facing Lawsuits

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Condos located in buildings that are facing lawsuits are still selling - how you ask? The contracts are ALL CASH.  As we've mentioned in the past, most major lenders will not touch projects facing lawsuits. With that said, nothing holds an investor back from paying all cash and bypassing a loan. In fact, in the last week alone, there have been 2 sales in buildings with … [Read more...]

Pioneer Square Loft For Rent – Great Value

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Check out this rental that just hit the market at 3rd Ave Lofts (The Lofts). It's on the 4th floor, has great views and the interiors are super cool. Exposed brick, timber, steel and fir-plank floors. While most of the city is renting at $2.5 per square foot, this unit is offered at $1.89 per foot. That is a really good value in todays rental market. See more details here … [Read more...]

Just Listed | Ruby Condos | Unit #302

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JUST LISTED BIG VIEWS ON EASTLAKE AVE 2960 Eastlake Ave E #302| MLS #459595 $340,000 1 bed | 1 bath Eastlake Incredible top-floor, NW facing corner unit w/wrap-around views of Lake Union, the Olympic Mountains, Ship Canal Bridge & Queen Anne Hill. Built in 2008, this 934sf unit offers a gourmet island kitchen w/gas cooktop, slab granite counters, walnut hardwoods, … [Read more...]

Just Sold | 15th Floor Condo | All Cash, 9 Day Close

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UCS readers and followers: This is an example of a property we just sold. It closed last week. Very limited inventory has created an incredible opportunity for sellers. If you'd like more information on what your property is worth or have questions about the market, as always, feel free to contact us! JUST SOLD Escala 1920 4th Ave #1508, Seattle Sold Price | … [Read more...]