Seattle Loft Headed to Foreclosure, Last Sale $400,000, Now $270,737

Going through my daily property review this morning, I noticed a 2 story loft at Site 17 in Belltown. It was last sold in April of 2006 for $400,000 – now its listed at $270,737 and is headed to foreclosure on Friday. It is 1 bedroom, 1 bath at 873 sq ft. The most interesting feature is the 2 story layout. A stairwell from the living area, takes you upstairs to a bedroom that overlooks the unit. It has exposed steel, HVAC, and concrete floors giving the unit an industrial feel.

**Buyer beware as Site 17 just went through an extensive special assessment.