4.5 Million Bank Owned Penthouse Goes Pending In Bellevue

Do you guys remember this post from September?  Then, we wrote about the 4.5 million dollar bank owned penthouse at One Lincoln Tower.  It appears that the owner,  East West Bank, may have found their buyer (thanks to a reader for passing along the information).  I’ve tracked this property for well over a year as it went through the foreclosure process.  I’m really looking forward to finding out what the new owner paid for the unit.

It doesn’t get much better than this. Imagine being 41 stories above the ground with views that almost reach West Seattle. 4102 is massive. Originally purchased for $5,300,000 in 2005, the 41st story unit is 4,058 sq ft with 2 bedrooms, 2.5 bathrooms, 2 fireplaces, 20 foot ceilings and floor to ceiling windows that feature some of the best views in Seattle/Bellevue market.

 #4102 is amazing.  Check out the pictures below.

[simpleviewer gallery_id="26"]

See the listing details here:

Comments

  1. Anonymous says

    It will indeed be interesting to see what the end up price is especially as the unit faces south and the property to the south has the right and expectation to build all the way up to 450 feet right in the views that right now look so good. I expect to see it sell between $2.5MM and $3MM tops if one were allowed to guess that is.
    B

  2. says

    I don’t know if it will go that low, but I do agree that it will be discounted quite a bit off the asking. In regards to the Safeway site (Lincoln Tower 2), I found it interesting that a lease was given to the new organic grocery store. Obviously Kemper reserves the right to build when ready, but I imagine he gave the store at least a 5 year term. Right?  Who knows. Interesting to say the least.  

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