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 (minimum bid – $250,125)
Reverted (went back to the bank)
1 bed, 1.5 bath 867 sq. ft.
This 1 bedroom unit at the Parc in Belltown went back to the bank. No bidders at this price. Not a total surprise, but keep an eye on this when it comes back on the market as “bank owned”. It was purchased for $425,000 back in 2007