Bellevue | UrbanCondoSpaces | Seek. Live. Urban. - Part 2

Bank Owned Condo At Washington Square, West Facing

August 17, 2011 By admin Leave a Comment

I just noticed this bank owned condo that came on the market yesterday. It is on the 7th floor at Washington Square. In January of 2008 it was purchased for $420,000. It’s now listed at $274,900. That is a 35% reduction since the last market sale. The unit is 640sf. For more info, check out the listing below.

If you are wondering why there are so many bank owned properties in this building, there is a simple explanation. It is a combination of market pricing when they originally sold and that the developer placed very little exclusions or limitations on investor financing. You see this in the Seattle condo market as well (Cosmopolitan, 2200 Westlake etc….)

WASHINGTON SQUARE	INFORMATION	UCS PROJECT GRADE	GRADE
ADDRESS	10650 NE 9TH PL, BELLEVUE	LOCATION	A
DEVELOPER	Wasatch Group	AMENITIES	A
ARCHITECT	Collins Woerman	PRICE	B
BUILT	2008	LUXURY	B
STORIES	24 and 26	BUILDING CONSTRUCTION	A-
UNITS	353	UNIT DECOR	B+

Here is a look at the listing:

Filed Under: All Condos, Bank Owned, Bank Owned, Bellevue, City of Bellevue, Downtown Bellevue (MLS Area 520), Home, Market News/Trends, Washington Square Tagged With: Bank Owned, Bellevue, Bellevue Washington, Condo, Condos, Washington Square, Washington Square Condos

Condo Rental In Bellevue Worth Checking Out

August 1, 2011 By admin Leave a Comment

For any of you in the rental market, you may want to check out this 2 bedroom (505) condo in Bellevue. It is a brand new unit that has never been lived in. It has 2 bedrooms, 2 baths, 2 decks and is over 900sf. Its located on the 5th floor and has SE facing views. The project is One Main Street. It is a steel and concrete structure built in 2010. For those of you unfamiliar with the neighborhood, “Old Town” or Main Street is one of my favorite pockets of Downtown Bellevue. It is just a 5 minute walk from Meydenbauer Beach Park, it has an abundance of restaurants (Bis, 520 Grill, Gilmans, Cantinetta) and is only 3 blocks from Bellevue Square/Lincoln Square.

I think this would be the perfect fit for someone that would like to give “urban living” a try. It is a great building in a vibrant neighborhood within walking distance from everything in downtown Bellevue.

If you want more information, see the listing here.

Filed Under: All Condos, Bellevue, Home, Old Town, One Main Street Tagged With: Bellevue, Condo, Condos, Old Town, One Main, Rental, Rentals

Bellevue Towers Celebrating 200 Closed Homes

July 8, 2011 By admin Leave a Comment

Bellevue Towers just announced that they have reached 200 closed homes. This is quite an accomplishment considering that 100 of those homes have closed in the first 7 months of this year. As a part of their announcement, Bellevue Towers preferred lender MetLife Home Loans is offering preferred jumbo financing for loan amounts up to 2 million. Congratulations to both the sales team and all of the Towers residents!

BELLEVUE TOWERS	AMENITIES	UCS PROJECT GRADE	GRADE
43 Floors	Concierge, View terrace, spa	LOCATION	A
539 units	Movie Theatre	AMENITIES	A
Concrete and Steel	Fitness Studio	PRICE	A
Ground Floor Retail	Guest Suites	BUILDING	A
95 on Walkscore	High Speed Elevators	UNIT DECOR	A

Filed Under: All Condos, Bellevue, Bellevue Towers, Home, In the news, Market News/Trends, Uncategorized Tagged With: 200 Sales, Bellevue, Bellevue Towers, Closed Homes, Condo, Condos

In 5 Days, 3 Bank Owned Condos Hit The Market In The Same Building

June 26, 2011 By admin 4 Comments

There is a healthy debate right now on the impact of bank owned properties in the Seattle and Bellevue condo market. I personally believe they are presenting a pretty compelling buying opportunity. Some of them are priced well below market. In this week alone, 3 bank owned 1 bedroom condos hit the market at Washington Square. Keep in mind that not all bank owned properties are a good deal. It is critical that you do your homework both on the building and the unit itself before making a purchase.

Here is a look at the listings if you’re interested:

Unit #621 (we posted about this unit just a few days ago. It is now under contract. Sold in less then 5 days)

Unit #1623 (This just hit the market yesterday)

Unit #1503 (Hit the market on Friday)

BUILDING INFORMATION & UCS PROJECT GRADE

WASHINGTON SQUARE	INFORMATION	UCS PROJECT GRADE	GRADE
ADDRESS	10650 NE 9TH PL, BELLEVUE	LOCATION	A
DEVELOPER	Wasatch Group	AMENITIES	A
ARCHITECT	Collins Woerman	PRICE	B
BUILT	2008	LUXURY	B
STORIES	24 and 26	BUILDING CONSTRUCTION	A-
UNITS	353	UNIT DECOR	B+

Filed Under: All Condos, Bellevue, Home, Washington Square Tagged With: Bank Owned, Bellevue, Condo, Condos, distressed property, For Sale, Washington Square

Bank Owned Condo Selling for 56% Less Then The 2008 Price

June 22, 2011 By admin Leave a Comment

This condo at Washington Square sold for $649,000 in May of 2008. Now banked owned (Fannie Mae), it just hit the market for $280,500. By my calculations, that is a 56% reduction since its last market price. Not bad. If you want to check it out, click here

Filed Under: All Condos, Bellevue, Home, Washington Square Tagged With: Bank Owned, Bellevue, Condo, Downtown Bellevue, Washington Square

2 Bedroom For Rent, South Facing At Bellevue Towers

June 20, 2011 By admin Leave a Comment

If your in the market to lease a condo, you may check out this 2 bedroom at Bellevue Towers. It is on the 15th floor and is South facing (see the picture above). You’ll get a really cool street view of 4th ave going west. This unit is a 2 bedroom plus den, 2.5 bath with a large floor plan. It has granite counters, cherry wood cabinets, Wolf stainless and big views of Mouth Rainier and Lake Washington. Amenities includes Concierge service, fitness center, spa, 2 stories community room, Kitchen, media room, 2 guest suites, 3 outdoor terraces and a half acre park.

More Unit Details

More Project Details

UNIT FEATURES	BELLEVUE TOWERS	AMENITIES	UCS PROJECT GRADE	GRADE
1575sf	43 Floors	Concierge, View terrace, spa	LOCATION	A
2 bed + den, 2.5 bath	539 units	Movie Theatre	AMENITIES	A
Private Deck	Concrete and Steel	Fitness Studio	PRICE	A
Granite Tops, Wood Floors	Ground Floor Retail	Guest Suites	BUILDING	A
WolfRange	95 on Walkscore	High Speed Elevators	UNIT DECOR	A

VIEW THE LISTING

FLOOR PLAN

Filed Under: All Condos, Bellevue, Bellevue Towers, Home Tagged With: Bellevue, Bellevue Towers, Condo, Condos, Downtown Bellevue, for lease, for rent

One Main Penthouse Sells, Update On Activity

June 8, 2011 By admin Leave a Comment

Check out this penthouse that just sold at One Main. It is a 3 bedroom, 3 bath unit with 1,891 sq. ft. The selling price was $1,200,000 ($634psf). That leaves just one more penthouse (#901). Unit 901 is a west facing unit with 2,254 sq. ft.

One Main has benefited from a flurry of sales in the last 30 days. According to their blog, they had 3 sales in the first week of June. Thus far, they have sold 27 homes, with 5 offers pending and have 25 condos to sell.

RESOURCES

One Main Facebook Page

Filed Under: All Condos, Bellevue, Home, One Main Street Tagged With: Bellevue, Condo, Condos, Main, One Main, One Main Street

Bellevue Reporter On The Success At Bellevue Towers

June 7, 2011 By admin Leave a Comment

Late last week, we were given the opportunity to speak with Nat Levy at the Bellevue Reporter. Nat was running a piece on the recent recording setting success at Bellevue Towers. We worked with Nat and the Reporter to provide sales information for the condominium project and to speak to the consumer confidence in todays market. For those of you that have not had the opportunity to read the piece, we have provided a link for your reference.

Bellevue Towers See Increased Sales

Disclosure: Bellevue Towers is a UCS advertiser

Filed Under: All Condos, Bellevue, Bellevue Towers, Home Tagged With: Bellevue, Bellevue Reporter, Bellevue Towers, Condo, Condos, Jeff Reynolds, Sales, Success, urbancondospaces.com

Just Leased, Unit #4006 One Lincoln Tower

June 6, 2011 By admin Leave a Comment

A quick note. This condo, one floor below the penthouse at One Lincoln Tower was just leased to a loyal reader of UrbanCondoSpaces. I was honored to help them negotiate the terms and wanted to congratulate them on their new pad! If you recall, we posted about this unit a few weeks ago (see here).

Here is one more look at the pictures if you missed them the first time around.

[Show as slideshow]

thumbs one lincoln tower appliances Just Leased, Unit #4006 One Lincoln Tower

thumbs one lincoln tower closet Just Leased, Unit #4006 One Lincoln Tower

thumbs one lincoln tower exterior Just Leased, Unit #4006 One Lincoln Tower

thumbs one lincoln tower guest bed Just Leased, Unit #4006 One Lincoln Tower

thumbs one lincoln tower guest Just Leased, Unit #4006 One Lincoln Tower

thumbs one lincoln tower island Just Leased, Unit #4006 One Lincoln Tower

thumbs one lincoln tower kitchen Just Leased, Unit #4006 One Lincoln Tower

thumbs one lincoln tower living Just Leased, Unit #4006 One Lincoln Tower

thumbs one lincoln tower night views Just Leased, Unit #4006 One Lincoln Tower

thumbs one lincoln tower pool Just Leased, Unit #4006 One Lincoln Tower

thumbs one lincoln tower view deck Just Leased, Unit #4006 One Lincoln Tower

thumbs one lincoln tower views Just Leased, Unit #4006 One Lincoln Tower

thumbs one lincoln tower living to view Just Leased, Unit #4006 One Lincoln Tower

Filed Under: All Condos, Bellevue, Home, One Lincoln Tower Tagged With: Bellevue, Condo, Condos, Just Leased, One Lincoln Tower, Tower

New Rental At Bellevue Towers, 16th Floor Studio

June 1, 2011 By admin Leave a Comment

There is a new one bedroom rental that just hit the market at Bellevue Towers:

Price – $1,700 per month
Sq. Ft. – 809
Unit # – 1609

Click here to see the listing

See other rentals at Bellevue Towers

UNIT FEATURES	BUILDING FACTS	AMENITIES
809sf	43 Floors	Concierge, View terrace, spa
studio bed, 1 bath	539 units	Movie Theatre
Private Deck	Concrete and Steel	Fitness Studio
Granite Tops, Wood Floors	Ground Floor Retail	Guest Suites
Viking Range, Sub Zero, Bosch	95 on Walkscore	High Speed Elevators

Filed Under: All Condos, Amenities, Architects, Bellevue, Bellevue Towers, Business Center, Club House, Concierge, Courtyard, Dog Park, Elevator, Exercise Room, GBD, Guest Suites, Home, Hot Tub, LEED Certification, Lobby Entrance, MulvannyG2 Architects, Owners Lounge, Professional Landscaping, Retail, Secure Parking, Storage Tagged With: Bellevue, Bellevue Towers, for lease, for rent, Rental, Views

Bellevue Condo That Sold For $1,034,000 in 2008, Going to Foreclosure Auction at $469,031

May 26, 2011 By admin Leave a Comment

The foreclosures at Washington Square Condos in Bellevue continue pour in. Check this one out. Unit #1407, once sold for $1,034,000 in 2008. Bank of America just put a minimum bid on this property for Friday’s auction at $469,031!

2BR+2BA+Den
1,539sf
2 parking spaces
Granite counters
Luxury master suite w/walk-in closet
View deck off kitchen
Gas fireplace
Central air conditioning
Amenities include concierge, massage rooms, spa, owners lounge, fitness center.

Here is a look at the floor plan:

Filed Under: All Condos, Bellevue, Home, Washington Square Tagged With: Bellevue, Condo, Condos, Foreclosure, Washington Square

Bank Owned Condo At Washington Square

May 19, 2011 By admin Leave a Comment

Project: Washington Square
Neighborhood: Downtown Bellevue

A few weeks back I wrote about a Washington Square condo that was going to the King County Foreclosure Auction. Well, it just hit the market this morning as a Fannie Mae/Bank Owned listing. It is a 1 bedroom, 1.5 bath 808sf unit. Purchased in July of 2008 for $609,000, it is now on the market for $289,900. This is a reduction of over 50% since the last recorded sales price. On a cost per square foot basis the unit is listed at $358pf. It is obvious to me that this condo was purchased well above market in 2008, but at the current price, one could argue that the unit is a pretty good deal. Especially considering it is on the 17th floor. I’ve included the floor plan below.

It looks like Fannie Mae is offering another 3.5% discount to owner occupied buyers who qualify as well.

08 floor Plan Washington Square Post Bank Owned Condo At Washington Square

Washington Square Details
353 Units
Tower 1 is 24 stories
Tower 2 is 26 stories
Built in 2008
24 hour concierge
Fitness facility
Spa
Home owners lounge
Secured underground parking

Spa

washington square amenities Bank Owned Condo At Washington Square

Picture 1 of 4

Filed Under: All Condos, Bellevue, Home, Washington Square Tagged With: Bank Owned, Bellevue, Condo, Condominiums, Condos, Foreclosure, Washington Square

2 Bedroom Rental, Just One Floor Below The Penthouse At One Lincoln Tower

May 18, 2011 By admin 2 Comments

In the Seattle/Bellevue condo market there are very few opportunities to live on the 40th floor of a residential high-rise. Check out this 2 bedroom, 2 bath condo at One Lincoln Tower. For $3,250 per month you can live just one floor below the penthouse. For those of you unfamiliar with the project, One Lincoln Tower consists of 148 plush condominiums on floors 20-42. The rest of the project is occupied by the Westin Hotel Bellevue (303 rooms).

BUILDING AMENITIES	UNIT FEATURES
24 hour concierge	Floor to ceiling windows
Pool	Spacious deck
Fitness facility	Air conditioning
Screening rooms	Hardwoods
Entertainment Room	Granite Tops
Hotel Services	Stylish lighting
High speed elevators	Huge views

one-lincoln-tower-appliances

one lincoln tower appliances 2 Bedroom Rental, Just One Floor Below The Penthouse At One Lincoln Tower

Picture 1 of 13

Photo Courtesy : Wendy Lister

Filed Under: All Condos, Bellevue, Home, One Lincoln Tower Tagged With: Bellevue, Condo, Condos, Downtown Bellevue Condos, high-rise, One Lincoln Tower, Tower, Westin

Bellevue Towers Update, 45% Of Buyers Are All Cash

April 29, 2011 By admin Leave a Comment

We have new numbers coming in from Bellevue Towers

41 CLOSED
27 PENDING
Total of 68 SOLD in 2011
11 offers currently in negotiation

It appears that the recent price reductions are still meeting market demand. At this pace Bellevue Towers is selling 13 condos per month. When I spoke to one of their representatives yesterday I learned that the 1 million dollar plus category is selling as well. I believe this is a direct correlation to the increased activity in the luxury home market. Many of these “down-sizers” are selling their big homes and moving into a “walkable” urban setting. Many projects like Bellevue Towers had been waiting for this to occur. The baby boomers were a significant portion of their early projections back in 2005, 2006, 2007.

The investor category is making a comeback as well. The figure I found the most interesting is that 45% of all Bellevue Tower condos sold have been buyers that are all CASH. Interesting right?

Filed Under: All Condos, Bellevue, Bellevue Towers, Home Tagged With: Bellevue, Bellevue Towers, Condo, Condos, Sales, Update

Washington Square Condo, Once $1,037,000, Purchased Today At Auction For $563,100

April 8, 2011 By admin 2 Comments

For those of you that read the foreclosure post yesterday and remain interested in how much unit #1507 sold for, the final numbers are in.

There were roughly 8 bidders and the price quickly jumped from $172,000 to $300K, $400K and then incrementally increased, until it reached the final bidding amount. The winning bidder purchased the unit for $563,100!

The numbers look like this:

#1507 was originally purchased for $1,037,000 in January of 2008. Today it was purchased at the auction for close to a 45% discount at $563,100.

Here is the floor plan:

Filed Under: All Condos, Bellevue, Home, Washington Square Tagged With: Bellevue, Condo, Condos, Foreclosure, Washington Square

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3933 Lake Washington Blvd NE #100 Kirkland Wa 98033
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