Back in March, we reported on the settlement of a construction defect suit at the Parc condos in Belltown. At that time, the previous 12 sales averaged a cost per square foot of $376.62 with an average sale price of $317,867. Listings sold on average in 60 days after going on the market. In just 4 short months, everything has changed. Since March there have been 6 sales in … [Read more...]
Just Listed By UCS, 1 Bedroom At The Parc
Just Listed | 1 Bedroom, 1.5 Bath Priced $60,000 Below Zillow Zestimate 76 Cedar St #505 The Parc - Belltown 5th Floor, 1 Bedroom, 1 Bath Asking Price -$415,000 We just listed another unit at The Parc (Western and Cedar in Belltown). Its priced $60,000 below its Zillow Zestimate. Great value play or rent potential. 1 bedroom, 1.5 bath. No Rental Cap Interested in … [Read more...]
Lawsuit Settled – The Parc Condos In Belltown
We can confirm through our own independent sources that a settlement has been reached at The Parc. We will provide more details as we learn more. The lawsuit should be officially removed within days of now. Until then, we won't speculate on the total amount of the settlement. This dates back to a January 4th 2013 filing where The Parc-Belltown Condominium Association filed a … [Read more...]
Auction Update: 98 Union Sold, 1 Bed At The Parc Goes Bank Owned
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...]
Bank Owned Condo At The Parc, Last Sale $522,950, Now $354,900 (Investment Analysis)
Looking for a bank owned condo? How about at the Parc in Belltown. Unit #627, sold for $522,950 in 2008. Now post recession, it has gone on the market this week for $354,900! It has a courtyard view from the private deck, dual vanity master bath and island kitchen. At $355 per foot for a 2 bedroom, I'd take a look. Maybe you could purchase it, rent it … [Read more...]
