Condos In Foreclosure, Downtown Seattle

Interior 2

You may have noticed over the years that we've spent a significant amount of time tracking condo foreclosures. During 2009-2012 there were hundreds of foreclosures in Downtown Seattle. Leading up to 2007, there were a lot of investors buying condos in the Seattle market. These included second home buyers, owners looking to rent their space and speculative buyers looking for a … [Read more...]

Seattle Condo Foreclosure, Once Listed At $1,050,000, Sold For $622,200

2200 Westlake Exterior

If you blinked, you would have missed the best sale of the year. It happened on Friday at the King County Foreclosure auction in Bellevue. It was a 2 bedroom at 2200 Westlake on the 15th floor. In 2007, it was listed as high as $1,050,000.  In August of 2010 it was listed at $825,000.  The unit sits atop the Pan Pacific Hotel and has 1,407sf with cherry hardwoods, granite … [Read more...]

Lumen 1 Bedroom, Last Sale $343,856, Now $206,159

Lumen

I've been keeping my eye on the foreclosure market and unit 110 at Lumen caught my attention this week. It was purchased in May of 2007 for $343,586 and now its scheduled at todays auction with a minimum bid of $206,159. I would necessarily jump at this particular purchase, but for $206,000 there are a lot of worse places to put your money right now too. The only downside … [Read more...]

Auction Update: 98 Union Sold, 1 Bed At The Parc Goes Bank Owned

Olive 8 Auction

Quick Update from yesterday's Seattle foreclosure auction (condos): 98 Union St #908 (minimum bid - $258,571) Sale Price - $290,500 2 bed, 2 bath 967 sq. ft. We posted about this unit yesterday. As expected the minimum price was bid up over $20,000. It will be interesting to see if this unit comes back on as a flip or if it is held and rented. 76 Cedar St #704 … [Read more...]

2 Bedroom Condo, Last Listed At $499,000, Minimum Auction Bid $258,571

98_UNION

There is a 2 bedroom unit at 98 Union that is headed to the foreclosure auction tomorrow. Last listed in 2010, the owners of the 967sf unit were asking $499,000 - now it has a minimum bid price of $258,571. It should have multiple bidders at this price. The last 2 bedroom sale in the building was back in July - Unit #1106 98 Union is located next to Four Seasons on 1st … [Read more...]