Cool Architecture, Bank Owned, Priced To Sell

Urban 1809 Living Cool Architecture, Bank Owned, Priced To Sell

I was just about to leave the office when I noticed a familiar townhome that is back on the market.  I’m sure a few of you will recognize it as well.  We posted about these homes months ago (Urban Architecture ) when profiling the architect of the project. The address is 1809 24th Ave, Seattle. Listed at $579,000 in 2009, this home is now priced at $429,000!   It is banked owned (Sterling Savings) and clearly priced to sell.  Sterling seems to be adding quite a bit of their inventory to the market.  They actually have a real estate specific website that shows all their available inventory.  Including, commercial, condos, multi-family and more.  What an interesting time we live in.

If you were to ask me if this particular home is worth a look, I would say Y-E-S.  Love the architecture, it’s obvious given the examples below that it is a deep discount and the bank is currently offering 3.5% in a closing cost credit.

Urban 1809 Exterior 300x200 Cool Architecture, Bank Owned, Priced To Sell Urban 1809 Living 300x200 Cool Architecture, Bank Owned, Priced To Sell Urban 1809 Stairs 300x200 Cool Architecture, Bank Owned, Priced To Sell Urban 1809 Bath 300x200 Cool Architecture, Bank Owned, Priced To Sell

photo and listing credits to Scott Anderson

In this particular project, there were 4 homes built.  Three of them sold within the last 8 months.

Here is a list of the three other sales within this development:

Unit C 300x199 Cool Architecture, Bank Owned, Priced To Sell

$509,000
1807 24th Ave Unit C | 1,863sf
Sold | Jan 11, 2011

Unit D 300x199 Cool Architecture, Bank Owned, Priced To Sell

$490,000
1807 24th Ave Unit D | 1,794sf
Sold | Jan 14, 2011

Unit A 300x216 Cool Architecture, Bank Owned, Priced To Sell

$537,000
1807 24th Ave Unit A | 1,755sf
Sold | Dec 09, 2010