Queen Anne View Condo Selling At 67% Less Then 2006 Price

It has been an active week for Seattle condo foreclosures.  Take a look at this one.  You’ll probably recognize the building.  The unit going to auction is 561sf on the 4th floor (413). In August of 2006 this unit sold for $226,900. Today its auction price is $75,509. This is a 67% reduction in price from the last market sale.  For the investors out there, prices like these create opportunities to purchase, rent and enjoy a couple hundred dollars a month in passive income.  We haven’t talked much about cash flow in years.  Happy condo hunting this weekend.


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