Buyer Purchased for $1,495,000, Bank Sold at $875,000

The post recession condo sales continue to surprise. This 2 bedroom at Bellora sold in 2005 for $1,495,000 – now just 7 years later, after a lengthly foreclosure process, the once million dollar condo just sold for $875,000. Not bad eh?

Bellora located in Belltown¬†continues to be a very popular project for Seattle residents. Unit #1200 is just short of 2,000 sq ft. It sits 12 stories above Elliott Avenue with phenomenal views of the puget sound. The sales price equates to a cost per square foot of $443.26. That is pretty low by luxury condo standards. I’m sure the new owner will enjoy the 2 parking stalls, the island kitchen and the big views.

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