Cristalla Condo Sells for 57% Less Than Its Last Sale Price In 2007

Cristalla 1909 View Deck e1315504484679 Cristalla Condo Sells for 57% Less Than Its Last Sale Price In 2007

Do you remember this condo we wrote about in September? Then, unit #809 at Cristalla was scheduled to go to auction with a minimum bid of $254,745. It was postponed (delayed) and finally made its way back to the foreclosure auction last Friday. It was brought to our attention by a loyal reader and client of ours who wanted to purchase this particular unit. On their behalf, I went down to the auction on Friday in an effort to secure the property for them. It didn’t take long me to notice that there were a few others investors that had their eyes on the 1 bedroom unit as well. Long story short the bidding started at $212,000 and ended at $265,000. Not a bad deal considering that this same exact unit once sold for $622,500 in 2007. Not all foreclosure sales have the same result, but in this case, my analysis showed that this property sold for about 70% 0f its actual market value.

We’ve just updated our Cristalla Property Profile page.  Check it out.  Interested in learning how to buy at the auction?  Contact us.

CRISTALLA CONDOS INFORMATIONUCS PROJECT GRADE GRADE BUILDING AMENITIES
ADDRESS2033 2nd Ave, Seattle LOCATION B+24 hour concierge
DEVELOPER Murray FranklynAMENITIES AOn-site management
ARCHITECT Weber + ThompsonPRICE BPool
BUILT 2005LUXURY APool, Sauna (wet and dry)
STORIES 23BUILDING CONSTRUCTIONAOwners Lounge & Screening Room
UNITS 197UNIT DECOR AMultiple View Decks & Fitness Facility