Foreclosure Results, Modern Seattle Townhome Project

For you those of you that took an interest in our post last week about the modern seattle townhome project going to auction, I thought I would share the results.  As expected, there were a number of bidders.  The opening bid started at $986,000 and was “bid up” to $1,080,000.  I learned that the buyers payed all cash and had plans on fixing/finishing the units and then brining them back to the market.  In my opinion, this was an excellent opportunity for this type of situation.  I’ll be keeping an eye out for when they hit the market.  For anyone that wants to tour the units, let me know.  I’m going to try to get a look at them this week.


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