UrbanCondoSpaces | Seek. Live. Urban.
Seattle & Bellevue Urban Living
The distressed category of the Seattle Condo market continues to expand. I know I risk boring you guys with so many examples of distressed units, but I feel that it is important for you to see. The “market value” for condos downtown is constantly facing pressure from the short sales and foreclosures that make up… [Continue Reading]
Yep, you read that correctly. We initially highlighted this unit last week in our Black Friday post. Unit #316 last sold in November of 2007 for $341,241. Now, just 4 years later it sold for $131,161; which was “$1″ over the minimum bid set by the bank. Some may argue that with the recent… [Continue Reading]
Building: 500 Elliott Condos Neighborhood: Queen Anne DESCRIPTION 500 Elliott Condos is located at the Southwest edge of Queen Anne. Known best for its convenient location, 500 Elliott also features, secure parking, a fitness center, lobby entrance, security and intercom access. Many of the units offer spacious balcony’s that feature great views of the Puget… [Continue Reading]
If you had been following Seattle condo news last week, you probably noticed that the owners at Queen Anne High School received a favorable ruling in King County Superior Court. The court awarded the Queen Anne High School Association 9.4 million dollars. The lawsuit alleged that major construction defects were present at the historic building…. [Continue Reading]
It has been an active week for Seattle condo foreclosures. Take a look at this one. You’ll probably recognize the building. The unit going to auction is 561sf on the 4th floor (413). In August of 2006 this unit sold for $226,900. Today its auction price is $75,509. This is a 67% reduction in price from… [Continue Reading]
Project: Lumen Condos Neighborhood: Queen Anne DESCRIPTION LUMEN is project of 94 contemporary condos located in lower Queen Anne. Lumen was completed in 2007 and brought a different interior element then most Seattle condo projects. The finishes include sealed concrete flooring, high ceilings, stylish lighting, stainless appliances, quartz counters, Nana wall systems, expansive windows, exposed… [Continue Reading]
There are three active foreclosures that I’m watching this week heading into Fridays auction. For the 3rd weekend in a row, there is a Washington Square unit. A condo at Lumen on the 3rd floor and an incredible unit at Market Place North in the Pike Place district in Downtown Seattle. 1. Washington Square (1… [Continue Reading]
Do you remember just 2-3 years ago when the Seattle skyline was full of high-rise construction cranes? That’s not the case anymore. When it comes to condos, we might not see another project built for 4-5 years. What does that mean for new construction condo inventory? Statistically it can be proven that inventory is in decline;… [Continue Reading]
Take a look at this unit. It’s not new to the market, but it just recently had a price reduction ($299,000). I’ve been in this building before, but I have not seen a unit as nice as this one. It was designed by Erich Remash. Check out his website. Pretty cool portfolio.
Another quick note on 200 West Highland. I’ve included the invitation for the brokers/public open next Tuesday. See below for some additional pictures of the project as well. I would not expect to see pricing for all 17 units. They will be unveiling 5 units and will probably make adjustments to the remaining units based… [Continue Reading]
200 West Highland is back on the market. See the press release below. This is months after the project was to be foreclosed upon in August (Foreclosure Update at 200 West Highland) The offering will consist of: 2 and 3 bedroom homes price at $700,000-$1,700,000 According to the MLS, the last sale was recorded on… [Continue Reading]
This week in the King County Foreclosure list, there are units at Queen Anne High School and Elektra scheduled to go to auction. See below for details on each: 201 GALER ST 211, SEATTLE WA 98109 (Active) Vestus ID #131647 County King Sale Date 11/12/2010 10:00 AM Minimum Bid $184,217 Trustee NORTHWEST TRUSTEE SERVICE INC Sale… [Continue Reading]
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… [Continue Reading]
We just received an e-mail from Lorig Associates in regards to the status of 200 West Highland. Many of you have read about their recent foreclosure notice. As you will see below, the e-mail blast seems to want to assure pontential buyers and current owners that the project is stable and has potential to “weather… [Continue Reading]
For anyone considering the Cosmopolitan in Seattle, they must re-visit its past. As most of you know the Cosmo had an epic rise and fall all within 2 years. Read the italiasized text from a previous post of mine as a reminder and then follow along below to participate in a discussion about where the… [Continue Reading]
Recent UCS Comments