There is a new bank owned unit on the market in Greenlake.  It is a top floor 1 bed, 1 bath at the 2007 built Florera Condominiums.  It last sold in January of 2008 for $445,950.  It is now listed at $349,900.  For those of you unfamiliar with the location, I’ve provided the walkscore below.  Here is a look at the listing: Unit #406

A few days ago, we put this great unit at Ravenna Cottages on the market in Greenlake.  Before going on the market there were 3 weeks of preparation.  This has been a fun project for me as I volunteered to help the owners with the re-model.  Here is a list of what was done:

• Brand new GE stainless appliances
• Walls were bleached, primed and prepped
• Interior painting and trim touch up
• New hardware (including kitchen faucet)
• Removed “bulky” cabinetry from bathroom and add custom mirror.
• Caulking
• Replaced light fixtures with recessed lighting
• Sand and refinished the butch block kitchen island
• Professional Staging and decor

The owners were thrilled with the results and I was happy to see the change take  place.  In this type of market, basic re-modeling can go a long way when trying to sell your home.  Curious about pricing?  Call or e-mail me and we can discuss.  I’m happy to share.

Check out some of the before and after pics:

BEFORE

AFTER:

JUST LISTED

6318 5th Ave NE #D
Greenlake |  Seattle

Asking Price $384,900

6318 5th Ave NE, #D
Seattle, Wa 98115

2 Bed | 1 Bath

973 Square Feet

2 bed, 1 bath, 2 story loft, with brand new appliances!

Updated just days ago w/brand new stainless appliances, paint, lighting & more! End-unit that stands alone in this quaint gated community (Ravenna Cottages) just blocks from Greenlake. This award-winning design is a walkers paradise. As you enter the home you’ll immediately sense the spacious layout w/vaulted ceilings, a gas fire-place, butcher block island & brand new GE stainless appliances. 2 large bedrooms, separated by a spiral staircase. Don’t miss the opportunity to own this home!

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6318 5th Ave NE, D
Seattle Wa, 98115

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Windermere Real Estate Yarrow Bay

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!

UrbanCondoSpaces.com and Jeff Reynolds just listed this property in the Greenlake neighborhood of Seattle. This is something we do for our clients each time we list or sell their home. If you are interested in receiving our “Just Listed” or “Just Sold” e-blasts you can sign up here:

View More Listings In Greenlake

A green home may be classified by LEED, Built Green, Energy Star or another 3rd Party classification.

I thought I would highlight a few environmentally certified new construction projects and those still seeking some form of green building classification:

Trace North/Trace Lofts – Capitol Hill

Brix – Capitol Hill

Rollin Street – South Lake Union

Enso– South Lake Union

Veer Lofts – South Lake Union

Parc – Belltown

Mosler Lofts – Belltown

Cosmopolitan – Downtown Seattle

Olive 8 – Downtown Seattle

1521 – Downtown Seattle

5th & Madison – Downtown Seattle

220 West Highland – Queen Anne

Hjarta – Ballard

Florera – Greenlake

Bellevue Towers – Downtown Bellevue

I exchanged a few e-mails earlier today with a contact over at Realogics.  I thought I would share the update they provided on their current inventory.  In less than 18 months their group has acquired a notable amount of units.  I commend their efforts on promotions.  I think we would all agree that everything needs a big red-bow on it right now.  That means that it has to be price, promotions or perceived value that is second to none.  At any rate, see the update below:

MARKET DISTRICT – Fifteen Twenty-One Second Avenue (www.FifteenTwentyOne.com)

• William Justen hosted an agent seminar on Tuesday, March 23 and presented “The Value of View” (LINK)
• New video building tour online (LINK)
• New interviews with William Justen (LINK)
• New interviews with Tom Parsons (LINK)
• In celebration of recent LEED “Silver” certification, all new home sales before April 30, 2010 will include a Smart ForTwo vehicle (LINK)
• Introduced a new 4,400-sq. ft., three bedroom plus den floor plan offered at $7.25 million (combines a C & J plan for half of the 34^th floor)(LINK)
• Open house this weekend (Noon – 4pm)
• Homes start at $1.1 million
• Now more than two-thirds sold and occupied

FIRST HILL – The Decatur (www.OwntheDecatur.com)

• Offering “Double the Tax Credits” up to $16,000 (select homes) for sales before April 30
• Up to 35% off original list prices
• Home start at $184,950 or just $859 per month (see agent for details)
• FHA approved –just 3.5% down payment!
• Phase II sales release happening now – see NWMLS (LINK)
• New video building tour online (LINK)
• Now more than two-thirds sold and occupied

CAPITOL HILL – Eleven Eleven East Pike (www.1111EastPike.com)

• Up to 25% off original list prices
• FHA approved –just 3.5% down payment!
• Home start at $244,950 or just $1,127 per month (see agent for details)
• Full sales release now available  – see NWMLS (LINK)
• New video building tour online (LINK)
• Now 50% sold – only 13 homes remain!

BALLARD – Hjarta (www.hjartaballard.com)

• Bulk Sales Event – March 27 & 28 (Noon – 5pm)
• Up to 35% off original list prices
• Home start at $274,950 or just $1,154 per month (see agent for details)
• FHA approved –just 3.5% down payment!
• Phase one sales release – now listed on NWMLS (LINK)

GREENLAKE – Florera (www.floreragreenlake.com)

• Bulk Sales Event – March 27 & 28 (Noon – 5pm)
• Up to 35% off original list prices
• Home start at $244,950 or just $1,028 per month (see agent for details)
• FHA approved –just 3.5% down payment!
• Phase one sales release – now listed on NWMLS (LINK)

The Realogics/Sotheby’s group is off and running.  They are taking over both the sales and the creative direction of Florera in Greenlake and Hjarta in Ballard.  With an emphasis in “meeting the market” they are re-introducing the 100 units with new pricing and a brand new strategy.

Here is a look at the updated pricing:

o Studios (578 – 598 sq. ft.) will start from $244,950;
o One bedrooms (614 – 921 sq. ft.) will start from $274,950,
o One bedroom plus dens (792 – 923 sq. ft.) will start from $314,950;
o Two bedrooms (1,037 – 1,447 sq. ft.) will start from $399,950
o Two bedrooms plus den penthouses (1,331 – 1,578 sq. ft.) will start from $589,950
o Three bedroom plus den penthouses (1,909 sq. ft.) will start from $799,950

I’ve included the entire media release for your reference:   Media-Release

For more information feel free to e-mail us at info@urbanimg.com

Ever wonder if buying a green home is a sound financial investment?  A recent article in the Seattle Times discusses recent statistics and the benefits of buying a green home.  It cites a study by GreenWorks Realty which reviewed the NWMLS King County condominium sales from September 2007 – May 2008 and included only new construction built in 2007 and after.  The statistics reflect that 18.7% of condominiums bought during this period were environmentally certified.  When priced per square foot, these green condominium homes were 28% more valuable than non-classified homes.  A green home may be classified by LEED, Built Green, Energy Star or another 3rd Party classification.   Check out the article regarding green homes and condominums…Buying Green.

In addition to this article, I thought I would highlight a few environmentally certified new construction projects and those under construction seeking some form of green building classification:

Trace North/Trace Lofts – Capitol Hill

Brix – Capitol Hill

Rollin Street – South Lake Union

Enso – South Lake Union

Veer Lofts – South Lake Union

Parc – Belltown

Mosler Lofts – Belltown

Cosmopolitan – Downtown Seattle

Olive 8 – Downtown Seattle

1521 – Downtown Seattle

5th & Madison – Downtown Seattle

220 West Highland – Queen Anne

Hjarta – Ballard

NoMa – Ballard

Florera – Greenlake

Bellevue Towers – Downtown Bellevue