High Rise vs. Low/Mid Rise – Downtown Seattle (Average Price Per Square Foot)

High Rise vs. Mid Rise 11 High Rise vs. Low/Mid Rise   Downtown Seattle (Average Price Per Square Foot)

Unit #1901 at the Cosmo just hit the market for first time since it sold back in 2007.  In March of 2007 it sold for $585,000. 6 years later, it’s now listed at $575,000 –  $586.73  per square foot.  This had my wheels turning about the difference in price per foot when comparing high-rise to low/mid rise.

I pulled a sample set of Seattle condo sales for 1 bedoom units in the last 60 days. There have been 28 – 1 bedroom sales since February 5th. They range in price from $222,000 (Mosler Lofts) to $2,500,000 (Four Seasons). I pulled similar square footage and (like kind buildings) for each comparison and this is what we came up with:

High-Rise (24 floors or more)
Sale Price
Square Footage
Price Per Square Foot
Low/Mid-Rise (Up to 19 Floors)
Sale Price
Square Footage
Price Per Square Foot
737 Olive Wy #3604
(Olive 8)
$515,000
680
$757.35
820 Blanchard ST #1404
(Enso)
$403,950
683
$591.43
1920 4th Ave #901
(Escala)
$544,000
952
$571.43
2607 Western Ave #908
(Vine)
$340,100
809
$420.40
819 Virginia St #1403
(Cosmopolitan)
$370,000
820
$451.22
2801 1st Ave #417
(Ellington)
$330,000
719
$458.97
1000 1st Ave #1503
(Madison Tower)
$425,000
805
$527.95
2911 2nd Ave #913
(Gallery)
$262,500
603
$435.32
AVERAGE PRICE
AVERAGE SQUARE FOOTAGE
AVG PRICE PER SQUARE
AVERAGE PRICE
AVERAGE SQUARE FOOTAGE
AVG PRICE PER SQUARE
TOTALS
$463,500
814 sq. ft.
$576
$334,138
704
$477

1716 RZ 1024x317 High Rise vs. Low/Mid Rise   Downtown Seattle (Average Price Per Square Foot)

New Apartment Design Will Block Views For Belltown Condo Owners


View Western and Vine Apartment Tower in a larger map

There is a new apartment project that was submitted to Seattle design review on January 8th (see here) – Walton Lofts.

This is another project by The Schuster Group (Mosler Lofts and Joseph Arnold Lofts). The proposed project has the potential to change the views of 3-4 condo projects in the Belltown neighborhood. As you can see in the map above, the 13 story, 142 unit project would be located at Western and Vine. I took the liberty of highlighting the condo projects effected by the planned residential development.

The Vine – Mostly south facing views. Biggest impact is on the Vine’s  south building. Should not alter the most important elements of the Vine’s offering – 6th floor terrace, homeowners lounge and will not alter the West facing views. (See The Vine Profile Here)

Banner Building - Major impact to southwest facing views. Units currently high enough to see over the Vine’s south building will retain their west facing views. (See The Banner Profile Here)

81 Vine - Arguably the biggest impact will be on the 81 Vine St Lofts. If this Walton Lofts goes forward, it will be devistating news for the the new owner of unit #400. It just closed in March 11th of this year for $705,000. If you look at the pictures, their dynamite view will be eventually be the 3rd or 4th floor of the proposed project.  This is a classic example of why you need to do your homework before you purchase. Market research and knowledge is power. If you don’t pay attention, you could lose thousands of dollars on your investment.

Site 17 - The biggest impact will be for the condo owners with northwest views.


View Western and Vine – View Impact in a larger map

Walton Lofts – Proposed

Walton Lofts Design Review ℅ VIA SCA web New Apartment Design Will Block Views For Belltown Condo Owners

 

Banner Building

Banner Exterior e1305662997838 Banner Building

Project:  Banner Building
Neighborhood:  Belltown

DESCRIPTION

The award winning  Banner Building located at 80 Vine Street was built in 1994 and is comprised of 25 residential units with 5-6 commercial spaces.  Koryn Rolstad with the help of Weinstein Copeland Architects conceptualized a multi-use building that would offer live/work space.  Starting in 1991, Rolstad put a team together that would ultimately build one of the more unique structures that Seattle has ever seen.  This AIA award winning project offers residential units on 5 floors of the 7 story structure.

Rolstad has been very complimentary of her architect and partner in the project Ed Weinstein, saying:

“Ed understood what I wanted and made a building that was iconic and changed a neighborhood forever. It is still an amazing project and design – which is admired all over the US and Internationally – I would not have done this with out his visual and architectural language” **

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PICTURES

 

MAP


View Seattle Condo Map in a larger map

WALKSCORE


VIDEO

0 Banner Building

 

 

 

 

**sourced from StroupeCondoBlog

Seattle Heights

Seattle Heights Exterior  Seattle Heights

Project:  Seattle Heights
Neighborhood:  Belltown

DESCRIPTION

Seattle Heights located in the heart of Belltown is a 25 story, energy efficient condo building consisting of 239 homes.  Known for its views, grand lobby and robust amenities, Seattle Heights has made its mark on the Belltown condo scene.  Built in 1993, the luxury structure offers many different floors plans ranging from studios to 3 bedrooms and even some multi-floor units.

Amenities include, 24 hour concierge, grand lobby, secured underground parking, fitness center, hot tub, sauna, business center, club room, social lobbies, view terraces, air-conditioning and key card access throughout for extra security.  Seattle Heights was designed by Callison Architects.

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PICTURES

MAP


View Seattle Condo Map in a larger map

WALKSCORE


UCS PROJECT GRADE

Address: 2600 2nd Ave, Seattle 98121
Year Built: 1993
Bedrooms: Studio, 1, 2, 3
Bathrooms: 1–2
Total Units: 239
Amenities: 24 hour concierge, view terrace, owners lounge, exercise facility, common garage, grand lobby, sauna, indoor pool, club room, security key access
My Grade:
Location: A-
Amenities: B+
Price: B
Luxury: B
Walk-ability: A+
Unit Decor: B

Arbor Place Tower

19703 19 Arbor Place Tower

Project: Arbor Place Tower
Neighborhood:  Belltown

DESCRIPTION:

Arbor Place Tower is located in the heart of Belltown at 2nd and Vine. With a Walkscore of 100, little is left to be desired in this 27 story concrete and steel structure. Arbor Place Tower was originally built as luxury apartments and was eventually converted in condominiums by Intracorp (developer of The Vine, Avenue One & The Parc).  Arbor Place Tower has been a popular Belltown tower for years. Built in 1989, this luxurious concrete and steel structure is 23 residential floors of 1 bed, 2 bed and penthouse units. There are four stories of retail and office space and underground parking that services the building.

The best attributes of Arbor Place Tower are the views from most units, the amenities and the stunning rooftop decks.  Amenities include a 24 hour concierge, fitness studio, home-owners lounge, indoor pool, sauna, spa and multiple levels of sun-decks and view-terraces.

SEARCH:

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MAP:


View Seattle Condo Map in a larger map

PICTURES:

19703 7 Sky 150x150 Arbor Place Tower 19703 6 Sky 150x150 Arbor Place Tower 19703 5 Sky 150x150 Arbor Place Tower

19703 4 Sky 150x150 Arbor Place Tower 19703 3 Sky 150x150 Arbor Place Tower 19703 2 Sky 150x150 Arbor Place Tower

19703 18 150x150 Arbor Place Tower 19703 17 150x150 Arbor Place Tower 19703 19 150x150 Arbor Place Tower

WALKSCORE:

One Bedroom + Den Penthouse At The Vine

Vine 1208 View 300x225 One Bedroom + Den Penthouse At The Vine

I noticed this one bedroom + den penthouse at the Vine this morning and thought a few of you may be interested.  Once listed as high as $479,500 this 809sf condo is priced pretty well at $317,000 (391psf).  It is pictured well and has a great view.  If I bought it, I might replace the carpets with hardwoods, but that is about it.

Vine 1208 Living 150x150 One Bedroom + Den Penthouse At The Vine Vine 1208 Kitchen 150x150 One Bedroom + Den Penthouse At The Vine Vine 1208 Den 150x150 One Bedroom + Den Penthouse At The Vine

View other active listings at the Vine:

Jeff Active Listings One Bedroom + Den Penthouse At The Vine

It already features:

  • Stainless GE appliances
  • Gas range
  • Granite counters
  • Gas fireplace
  • Breakfast bar
  • Big windows
  • Den
  • Custom shades

Quick Facts about The Vine:

  • Built in 2002
  • 174 units
  • 2 buildings
  • 6 and 12 stories
  • 24 hour concierge
  • Fitness room
  • Rooftop terrace
Listing information and pictures of Keely Jared of ReMax Metro

Read my review about the Vine

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What Sold Last Week In Seattle

Sold 300x199 What Sold Last Week In Seattle

I thought it might be interesting for you to see examples of what sold last week in downtown Seattle.  This includes 1 and 2 bedrooms up to $2,000,000 and dating back to Friday February 19th.

This would be an interesting comparison to make week over week. Unfortunately this takes a lot of time to produce.  If you every need more detailed reports from the multiple listing service it can be done quickly.  For now, enjoy the list below.  I find it interesting to difference between what the asking price is and what it actually sells for.  Remember, that this sample set includes developers and re-sale owners.

Marselle: 699 John St Unit#: 201
Ask-$199,990 Sold-$195,000

Marselle What Sold Last Week In Seattle

Marselle:  699 John St Unit#: 217
Ask-$259,990 Sold-$255,000

Masellle.2 What Sold Last Week In Seattle

Marselle:  699 John St Unit#: 215
Ask-$279,990 Sold-$270,000

Marselle3 What Sold Last Week In Seattle

Cosmopolitan: 819 Virginia St Unit#: 2505
Ask-$415,000 Sold-$330,000

Cosmo What Sold Last Week In Seattle

Arbor Place: 121 Vine St Unit#: 2104
Ask-$350,000 Sold-$350,000

Arbor.Place  What Sold Last Week In Seattle

Gallery:  2911 2nd Ave Unit#: 112
Ask-$389,000 Sold-$365,000

Gallery What Sold Last Week In Seattle

Olive 8: 737 Olive Way Unit#: 3001
Ask-$545,000 Sold-$495,000

Olive.8 What Sold Last Week In Seattle

Seattle Heights: 2600 2nd Ave Unit#: 1403
Ask-$499,950 Sold-$498,000
Seattle.heights What Sold Last Week In Seattle

5th and Madison: 909 5th Ave Unit#: 604
Ask-$550,000 Sold-$540,000

5th.Madison What Sold Last Week In Seattle

The Vine: 2607 Western Ave Unit#: 902
Ask: $625,000 Sold: $608,000

The.Vine  What Sold Last Week In Seattle

Enso Condominiums:  820 Blanchard St Unit#: 1505
Ask: $780,000 Sold: $785,000


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3933 Lake Washington Blvd NE #100 Kirkland Wa 98033
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