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Seattle & Bellevue Urban Living
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,… [Continue Reading]
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… [Continue Reading]
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
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… [Continue Reading]
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,… [Continue Reading]
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… [Continue Reading]
There are four interesting condos headed to tomorrow’s auction: None more interesting then a 2 bedroom at Washington Square. It was purchased at $1,037,000 in January of 2008. Bank of America put a minimum bid price of $172,800 for tomorrows auction. To me it is a clear ploy to drive an incredible amount of traffic… [Continue Reading]
Clearly the impact of condos purchased between 2005-2009 is starting to rear its ugly head in Seattle. As values plummeted, owners started giving their keys back to the bank. Condo foreclosures are on the rise and in the upcoming weeks you could see foreclosures in some of the best buildings in Seattle and Bellevue. I’ve… [Continue Reading]
Project: Washington Square Neighborhood: Bellevue I noticed this morning that a Washington Square Studio on the 14th floor is also headed to the foreclosure auction today. This one won’t be very popular at the courthouse steps as the minimum bid or “asking price” of the bank is much higher than the condo is worth. My… [Continue Reading]
Check this out! I’ve added all the active Downtown Bellevue condo inventory into a chart. You’ll notice that the pie chart cooresponds with the table to the left. As you will notice Bellevue Towers has 16% of the total inventory! The horizontal chart below really puts it into perspective. The “other condos” category is all… [Continue Reading]
Washington Square is up to 226 units sold. In addition they have just re-vamped their website www.washingtonsquareliving.com. They made it easier to view floor plans, facility tours and have included a video highlighting the development of this Bellevue super block. Washington Square located at 10610 NE 9th Pl, Bellevue is comprised of Two Towers. Open one-bedroom,… [Continue Reading]
Driving through Bellevue on Wednesday made me think of fun, brief survey for our UCS readers. Ascetically, which is your favorite condo project in Bellevue? It can be the architecture, the design, the coloring, the glass etc…. Here are the big six to get your visual juices flowing. Just submit your vote or comment below… [Continue Reading]
This is a fun post for me to write. I have been so excited to share with you some recent updates to the blog. As you will see in the picture below, we have added a category of links titled “UCS Exclusive Sites”. I think this is an incredible addition to the site. For the… [Continue Reading]
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