We all love the idea of living in a penthouse right? This penthouse at the Concord has not been on the market since 2003 .  Listed at $1,795,000 it sits atop of one of the best buildings in Belltown.  The unit has 9 foot ceilings, walls of windows and over 700 sq ft of outdoor space. I personally dig the dark floors, bright colors and modern baths. With that said, I won’t be buying the unit anytime soon so its all yours!
[listing c/o L. Tenure)

Take a look at the listing here:

Quick update on the auction foreclosure – Concord #508.  As we posted earlier this week, the opening bid was $236,072.  It sold this morning to an investor for $258,000.  It is unknown at this point if it will be flipped or if it will be a rental. Stay tuned.

Its back!  Remember this unit from 2 weeks ago? I wrote about it back on the 26th of September as well. This 5th floor condo at the Concord in Belltown was postponed last week.  Now, its back on the auction list to be sold this Friday. It was last purchased for $500,000 in 2007. It was listed in March of this year for $439,950. The minimum bid at the foreclosure auction is $236,072.08.

For those of you unfamiliar with the building, I’ve added the information below.

Remember these two units going to auction last Friday?  I wanted to share the results.

Unit #1204 at 2200 Westlake:  Sold for $1 over minimum bid.  For those of your unfamiliar with the auctions.  That means that only one investor was bidding on the unit and acquired it for just $1 more then what the bank was asking.  What a win.  It sold for $265,501.  That is a 58% reduction from its last market sale in 2007! That is just $274 per square foot for concrete and steel construction.

Unit #508 at The Concord:  This unit had a very different result.  The sale was postponed.  This can happen if the unit owner files bankruptcy, talks the bank into a delay of sale, successfully sells the unit as a short sale, or when the bank decides to delay the proceeding.  At any rate, it did not sell and we’ll keep it on our radar in the coming months.

There are 2 great condos that are going to auction tomorrow (9/23/11) and I would buy both of them in a heartbeat.  The first and the most attractive in my mind is W1204 at 2200 Westlake.  It has North facing views that overlook the courtyard, Lake Union and extend all the way to Gas Works Park.  It was originally purchased in April of 2007 for $628,000.  At one point in 2008 it was listed for as much as $650,000.  Now just 3 years later, this 1 bedroom, 1 bath has a minimum bid of $265,500!

The other unit is located on the 5th floor of the coveted Concord in Belltown.  I love this building.  In my opinion, it ranks in the top 15 condo buildings in Seattle. The unit is not a home run, but it is a great value and an opportunity to buy low in a class “A” project. Unit #508 was last purchased for $500,000 in 2007.  It is 754 sf with big views of the Sound.  It was last listed in March of this year for $439,950.  The minimum bid at tomorrows foreclosure auction is just $236,072.08.

It is not very often that 2 great units go to auction on the same day.  I try to keep my eye on the auctions each week.  These 2 condos combined with the Cristalla unit from last week have to make the last 2 weeks the best I have seen in well over 6 months.  I think they make excellent buys for investors looking to buy and flip and even better buys for someone looking to do a long term buy, hold and rent strategy.  If any of you want to discuss options like these in greater detail, contact me through our contact us.

Unit #1204 at 2200 Westlake:

Unit #508 at The Concord:

If your interested in learning how to buy a foreclosure these, feel free to contact us.

JUST SOLD

Condcord Condominiums Unit #915

$185,000
MLS# 130944
Neighborhood: Belltown

Our team successfully negotiated a 7% discount from the original asking price!

Studio | 1 Bath

West Facing Views of  the Puget Sound, Mountains and More!

Spacious layout, hardwood floors, updated kitchen, custom wall bed, air-conditioning, big windows and phenomenal view.  Award winning design for a luxury highrise.  World-class amenity package including, business center, 24 hour concierge, fitness facility, community room, grand lobby, terrace, sundeck and high-security.

Learn More About the Concord Here:

www.condosatconcord.com

http://www.urbancondospaces.com/concord-condos

View this property on Facebook: The Concord

or follow us on Facebook!

Jeff J Reynolds 206.794.1118
jreynolds@urbanimg.com

Do you know of anyone looking to Buy or Sell real estate?   E-mail us at jreynolds@urbanimg.com!

UCS just SOLD this property at the Concord Condos in Seattle.  This is something we do for our clients each time we list or sell their home.  If you are interesting receiving our “Just Listed” or “Just Sold” e-blasts you can sign up here:

Bank owned condos continue to hit the market in downtown Seattle.

A one bedroom at the Concord just hit the market on Friday (see here).  It’s only 595sf, but the Concord has been a staple of the Belltown neighborhood since being built in 1999.  It’s on the 12th floor with city views.  At the current asking price of $243,500, the cost per square foot would be $409.  If one was interested in a unit like this, I don’t think it would hurt to ask for a little more . Remember that it is not an owner that is emotionally attached to this unit.  It is a Freddie Mac holding.  Someone at Freddie Mac will be making a decision on the final price.

Quick Facts About Concord:

• 2929 1st Ave, Seattle
• Built in 1999
• Studios, 1 bed, 2 bed and penthouse
• 206 units

Amenities:

• Buiness center
• Fitness studio
• Concierge
• Terrace
• Spa

Search Other Units In Belltown

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 last 2 months, I have been working tirelessly on building individual sites for the major condominiums projects in Bellevue and Seattle.  The objective was to bring each project to you!  This hyper-local approach, delivers “building” specific information.  Each website is loaded with great info.  You can search units for sale, units that have sold and within a few weeks you’ll be able to search for rentals as well!  In addition, you will find the following:

• Neighborhood information
• Amenities
• Walkscore and much much more.

Each site is fairly interactive as well.  For example, if you want UCS to send you listings in your favorite building, just fill out the email notifications form and you will receive new listings immediately when they hit the market.  As an owner you will also be able to keep tabs on the units that are for sale in your building.  We will be adding new features to the site as time goes on. For now, my hope is that you enjoy what has been created.  Please spread the word!  I’m very excited to get your feedback.  See below for a list of all the websites offered at this time:

Here is an example of the website for the Vine!

These are where the website links are located in UrbanCondoSpaces (see the picture below):

Eastside/Bellevue Condos:

Bravern Condos
Bellevue Towers
One Lincoln Square
One Main Street Condos
Astoria Condos
Washington Square
Kirkland Central

Seattle Condos:

Trace Condos and Lofts
Brix Condos
Eastlake Condos and Lofts
Enso Condominiums
Veer Lofts
2200 Westlake
The Cosmopolitan
5th and Madison
Escala Condos
1521 Condominiums
Cristalla Condos
Bellora Condos
Concord  Condos
The Vine
The Parc
Mosler Lofts
Madison Lofts
Gallery

UCS can now monitor and track your listing requests (E-mail Listings).  For any of you that would like us to keep an eye out for new listings in your favorite buildings or neighborhoods, fill out a request and we’ll do all the work!  For example, you may want to know about any new 2 bedroom unit at the Concord under $700,000.  You can simply add each characteristic in the search form and we will report back with all the details.

As always, send us an e-mail if you have any questions. info@urbanimg.com

Concord Condos is a timeless two tower 13 story building located on the north edge of Belltown. Built in 2000, Concord  features a sleek exterior of concrete glass and steel.  Designed by Driscoll Architects, and constructed by PCL Construction, Concord has met the expectations of many buyers since the year it was built in 2000.

With a dynamic water feature at the entrance of the building and a grand entry into the chic lobby, Concord still leaves prospective owners in awe as they enter the building.  Offering a business center, cable TV, disabled access, elevator, exercise room, high speed Internet access, hot tub and sauna, the Concord is still competitive with other new construction projects.  Concord has a versatile selection of floor plans ranging from studios, one bedroom, one bedroom plus den, two bedroom and 7 penthouse suites. All units have access to decks or balconies with penthouse units having their own private roof deck.

Units feature high end finishes including  granite slab countertops, glass breakfast bars with halogen accent lighting, pro-series stainless appliances, gas stoves, high speed internet, multi-room sound and spacious bathrooms . Overall, Concord is a high-end condo that continues to turn heads in the Belltown condo scene.

MORE PHOTOS

UCS EXCLUSIVE WEBSITE
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www.condosatconcord.com

UCS PROJECT GRADE
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WALKSCORE

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