There were a few highlights from yesterday’s foreclosure auction. 2 condos that stood out to me the most were:

500 Elliott Ave W #308, Seattle
Elliott Condominiums

Did the bank really want to sell this at the auction yesterday?

Unit #308 at the popular Elliott Condos in Queen Anne never sold yesterday. The 626 sq ft unit went back to the bank and I don’t think it surprised anyone. The last recorded sale was – $249,000. It had a minimum bid of $233,593. In my opinion, it wouldn’t sell for much more than $225,000 if it was a traditional sale. Without any bids it will likely come back to the market fairly soon as bank owned. It will be interesting to see how they price it.

6234 138th Ave NE 196, Redmond 
Project – Sixty 01

Now this was an interesting sale.

Unit #196 at the project referred to as Sixty 01 sold for $123,000. It is a 2 bedroom, 2 bath and has 1,116 sq ft. It had everyone’s attention, as the bank set a minimum bid of $99,716. Although the project is aged a bit, my guess is that the unit could likely sell for a price north of $150,000.  All in all, the winning bidder was probably pretty happy.

Have a great weekend guys!  Happy condo hunting!