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 developments and the buildings history that this was a risky purchase, but I tend to think about the upside years down the road. Ultimately, the construction defects will be remedied. For this unit, I thought $131,161 was a great price. Not to mention, that if you are looking to purchase a condo in the Downtown Seattle or Queen Anne neighborhoods, there are only 22 listings on the market under $140,000. Only 5 of those units have a square footage of 700sf or more.
|QUEEN ANNE HIGH SCHOOL CONDOS||INFORMATION||UCS PROJECT GRADE||GRADE|
|ADDRESS||201 Galer St, Seattle||LOCATION||A-|
|DEVELOPER||Bruce Lorig (Associates)||AMENITIES||C|
|BUILT||Built in 2009, Converted in 1986||LUXURY||B|