24th Floor Unit At Cosmopolitan Sold For $751,950 In 2007, Now $396,000


I know I'm flooding the blog with foreclosure sales over the last 24 hours, but this one is incredible. Unit #2410 at the Cosmopolitan sold for $751,950 in 2007. Now the bank(s) is willing to sell at $396,000 which equates to a $412,610.42 loss! From a cost per square foot perspective, in 2007 this unit sold for $571psf and now it is selling at $301psf.  I believe this will … [Read more...]

Parc Condo Last Sold at $659,000, Going to Auction At $365,715


Many of us are aware of the Parc Condominiums is Belltown.  It is a concrete and steel, 2 tower structure with 24 concierge, fitness facility, homeowners lounge and an incredible roof-top deck. Back in June of 2008, a 2 bedroom unit on the 12th sold for $659,000.  Now in February of 2011 it heads to the foreclosure auction for $365,715! Foreclosed Unit Features: 12th … [Read more...]

Just Sold, Belltown Condo With Views


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 … [Read more...]

Remarkable Unit At Cristalla Once Listed at $2,095,000 Now $1,395,000


Project:  Cristalla Neighborhood: Downtown This phenomenal west facing unit at Cristalla Condominiums was once listed at $2,095,000 in 2007.  Now listed at $1,395,000 it offers remarkable views, great updating and a spacious interior.  This 19th floor unit features scandinavian birch floors, 17th century acid etched steel frame doors, honed absolute black granite and views … [Read more...]

Four Seasons Private Residences


Address: 99 Union St, Seattle 98101 Neighborhood: Downtown/Westedge Four Seasons Private Residences quickly became Seattle's most exclusive address for luxury living.  With just 36 residences, over 149 hotel rooms, Four Seasons is sleek, elegant and offers a remarkable package of amenities, views and a prime location. Unobstructed views of Elliott Bay, the Olympic Mountains … [Read more...]

Newmark Tower Condos


PROJECT DESCRIPTION Newmark Tower is just steps away from Pike Place Market and Seattle's urban core.  Originally, a J.C. Penny's department store before being renovated into 92,000 feet of office space.  The original apartments were converted to condominiums in 1993.  The office space is now home to a future Target department store. The 24 story tower features a concierge … [Read more...]

Marselle Condos


Marselle Condos located at Denny and John is one of the latest projects built in South Lake Union (just north of downtown).  The 7-story frame-constructed building offers 132 condominium homes. Penthouse level homes includes a mezzanine level that opens to the roof top decks.  There are four separate roof-top viewing decks. Every unit at Marselle includes parking and … [Read more...]

Gallery Condos


Gallery, located at 2911 2nd Ave is a concrete and steel structure that hit  Belltown with a splash.  Developed by Schnitzer West, and designed by architects Mithun Architects + Designers + Planners this 13-story community is comprised of 233 units.  Built by PCL Construction, Gallery consists of a variety of floorplans including 18-foot ceiling sky lofts, two-story units, … [Read more...]

Escala-FHA Approved

Escala | urbancondospaces.com

According to Eric Mehr of Escala's sales team, Escala was FHA approved on May 24th.  However they still need about 15 to 20 more sales to start closing FHA loans.  Also according to Mehr, Escala has closed 27 conventional and cash deals thus far. UCS Escala Profile UCS Exclusive Website … [Read more...]

Just Listed-The Vine #902


UCS just listed this property at the Vine Condos in Seattle.  This is something we do for our clients each time we list or sell their home.  I thought it might be interesting for you to see one.  If you are interesting receiving our "Just Listed" or "Just Sold" e-blasts you can sign up here: Just Listed Vine Condos Unit #902 $465,000 MLS# 80616 An 18% Discount … [Read more...]

Marselle 52% Sold-Fannie Mae Approval

Marselle | Roof Top View | urbancondospaces.com

Thanks to Steve for an update on Marselle. Marselle is now 52% Sold and has received Fannie Mae Approval with Cobalt Mortgage.  All outside lending institutions may now apply for Fannie Mae Approval as well.  Marselle is also FHA & VA approved.  We have Quick Facts: 69 sold homes 57 closed  homes 12 pending homes. Pricing: Studios priced at $189K & … [Read more...]

Have Rents Risen At Bravern’s South Tower?


After receiving my first e-mail blast from the Bravern's leasing team, I noticed that the advertised rental rates have risen from a starting price of $1,100 to $1,400 per month (see the picture below).  After hearing about the success of their leasing efforts thus far, this didn't surprise me.  At the same time, with all the available units to rent in Bellevue, I wonder if this … [Read more...]

25 Units Leased At The Bravern


As reported early last week (Bravern to Lease South Tower) The Bravern Signature Residences is going through some major changes.  With the news that they are leasing the entire south tower, I thought I would check in to see if there had been some activity. According to one of their sales agents they have leased 25 units in just 7 days.  It sounds like they are going to leave … [Read more...]

1521 Second Avenue-April Sales & Promotion Update


According to my source at Realogics/Sotheby's, 1521 second is now 70% sold and occupied.  This includes 4 sales in April and a number of other contracts in negotiation.  They are still running a program that includes a Smart ForTwo car with a purchase before April 30th.  (See here) Other notes: All remaining homes start at $1.1 million. New website  … [Read more...]