urbnlivn, a seattle condo & real estate blog

Open Houses This Weekend

January 27th, 2012 by katrina · Bagley Lofts, Brix, Open Houses, Queen Anne High

What a difference a week (and less snow) makes! Last weekend, as the snowpocalypse was calling it a wrap there were 33 open houses scheduled; however, this week you have 81 condos and townhouses to choose from in Seattle. And a fair amount of newly listed properties including a unit at Queen Anne High Condos, Brix, and Bagley Lofts.

Of course, if you want to see new construction that’s been newly listed then we’ll just remind you that Sanctuary’s sales office is open (listings) and Howell Street Lofts is hosting a party & open house this weekend as well.

1400 2nd Ave N #291
312848 2 Open Houses This Weekend
Saturday, 11AM-3PM
The first townhouse resale at Queen Anne High since 2007 was listed this week for $448K. Its past life as part of the Industrial Arts Building of the school is now a 2-bedroom, 1.75-bath unit with 1,164 square feet, modern interiors, and great (great!) views. Two things to be aware of: the recent $9.4M lawsuit judgement in favor of the owners and the lack  of FHA approval (presumably because owner occupancy is at 65%). If you are in need of one bedroom instead of two, this unit will also be available to view.

530 Broadway Ave E #410
312335 6 2 Open Houses This Weekend
Sunday, 1-4PM
If you are looking on Capitol Hill and want to live right on Broadway, then maybe you’ll check out this newly listed condo at Brix. 2 bedrooms, 1.75 baths, and 1,089 square feet for $519K. Looks like this building isn’t currently FHA-approved either.

4433 Bagley Ave N #310
312204 3 1 Open Houses This Weekend
Sunday, 2-4PM
I’m not sure a loft lover could do better in Wallingford than this top floor unit with 14′ ceilings and polished concrete floors at Bagley Lofts. 1 bedroom, 1 bath, and 854 square feet is asking $359K.

Disclaimer: Sanctuary is an Urbnlivn advertiser.

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Upcoming Waterfront Seattle Events | Jan-Mar

January 26th, 2012 by katrina · Design Reviews

The New Pioneer Square has a rundown of the upcoming events for Waterfront Seattle. First one up is an informal discussion about Climate and Context on Jan 31.

We’re just starting to get familiar with this huge project and these talks seem like a great way to get involved (we might even have to mark our calendars and attend a few).

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Grungy Brick in North Capitol Hill

January 26th, 2012 by katrina · The Fairfax

And when I say grungy, I mean that in the nicest possible way. The exposed brick in this North Capitol Hill condo isn’t the clean, new kind of exposed brick; instead, there’s some history in those walls and I like it!

Located at 1508 10th Ave E #304, this 1-bedroom, 1-bath condo has a healthy decent amount of square footage at 965 695 sf and is on the third floor of The Fairfax, built in 1916. Listed this week as a short sale, it is currently priced at $215K.

313027 1 1 Grungy Brick in North Capitol Hill

313027 3 1 Grungy Brick in North Capitol Hill

313027 5 1 Grungy Brick in North Capitol Hill

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Howell Street Lofts “Insiders Only” Party | Jan 28

January 25th, 2012 by katrina · Howell Street Lofts

The recently completed Howell Street Lofts is inviting interested buyers and brokers inside to check out the available townhouses this Saturday. Just the pair of townhouses are left, the freestanding townhouse with 2-car garage is already spoken for. Urbnlivn posted about the 5-star Built Green project but we have yet to get inside so of course we’ll be stopping by.

The event runs from 4-7PM on Howell between 18th and 19th. RSVP to janette@seattlelandbroker.com to get on the “Insiders Only” list.

Update 1/26/12: Seattle Land Broker also tells me that there will be an open house on Sunday, Jan 29 from 1-4PM with the architect, David Neiman, in attendance to answer questions about its 5-star Built Green designation.

HSLoftsParty Howell Street Lofts Insiders Only Party | Jan 28

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Harvard & Highland Goes International

January 25th, 2012 by katrina · Harvard and Highland

312839 0 Harvard & Highland Goes International

According to a press release yesterday from Realogics, Harvard and Highland is now being sold under the Realogics umbrella and Melissa Camp has moved over with the development as the Community Sales Director. The move is reportedly so Harvard and Highland can be marketed both locally and internationally.

It was in April last year that we saw Harvard and Highland with 14 units remaining switch to Windermere as their sales team (including Camp). In short order, they slashed prices and within four months sold five units, leaving nine remaining. Things slowed a bit after that with two additional units sold in the second half of 2011.

The press release mentions the seller has a “closeout perspective” but I can’t tell if prices have been adjusted further with this brokerage switch or not. However, it is worth noting that 1185 Broadway Ave E PH7 dropped to under $2M at some point in the past 9 months. It has gone from a high of $3.05M to $2.35M last spring to its current asking of $1.99M.

Disclaimer: Realogics is an Urbnlivn advertiser.

[Read more →]

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Live/Work at 2200 Westlake for $500K

January 24th, 2012 by katrina · Live/Work

This live/work at 900 Lenora St #W104 has been listed since November but it looks to be an interesting loft + unfinished commercial space for the entrepreneur in someone. The 1-bedroom, 1-bath unit with 1,380 square feet, 2 levels, and a street-side entrance is asking $500K.

294615 4 0 Live/Work at 2200 Westlake for $500K

294615 2 0 Live/Work at 2200 Westlake for $500K

294615 10 0 Live/Work at 2200 Westlake for $500K

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Interesting Sales Last Week

January 23rd, 2012 by katrina · Escala, Recent Sales, The Press

Wow, what a weekend. I hope you take the time to get your fill of the shiny, new condo project at Sanctuary because that is likely to be the only one we see this year. Drink it in (we sure are). In other news, only 13 condos and townhouses sold last week. Notables include:

Escala (1920 4th Ave #1808 & #2304)
escalamidtownpointer1 Interesting Sales Last Week

Escala sold two more developer-owned units last week. A 2-bedroom on the 18th floor for $734K ($457/sf) and a 2-bedroom on the 23rd floor for $965K ($600/sf).

The Press (1610 Belmont Ave #201)
292239 0 Interesting Sales Last Week

And on Capitol Hill, a formerly foreclosed condo at the Press sold for $332K ($369/sf). Originally purchased for $445K in 2007, the 2-bedroom, 2-bath condo with 900 square foot went pending in less than two weeks when it was listed in November.

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Sanctuary Tour & Photos (2012)

January 22nd, 2012 by katrina · The Sanctuary

IMG0774 M Sanctuary Tour & Photos (2012)

Way back when Sanctuary was under construction the first time in 2009, Matt was lucky enough to get a tour and took lots of photos. And those photos (plus others used for marketing) are pretty much all I’ve seen of this place until today’s preview when I finally got inside. All of the units are now complete (or very nearly so), two were fully staged, and the rest were open for all to explore.

In short, I think the 12 units at the Sanctuary are amazing. Truly awesome. If you don’t take the opportunity this week or next to get in and explore each and every unique offering, you will regret it. It doesn’t matter if you are in the market or not — you need to see the inside of this place to appreciate it. In fact, on this preview weekend the place was mobbed with visitors. According to Realogics, there were about 350 registered visitors on Saturday alone and it looked to be as busy today (so busy that they are struggling to get everyone registered).

The preview hasn’t just drawn in the curious though. Many, many visitors are in attendance because they are seriously considering a purchase — in fact, when I left at 1:30PM there were eight units with reservations to purchase, and three of those had a secondary reservation in place. Curiously, at least two couples I chatted with that were looking to buy used to attend Sunday school there back when it was a church.

Realogics will begin working through the reservations next week to lock in purchases. From what I hear, some that made reservations are interested in closing immediately, others may be putting down the $5K to hold their place in line while they give it a serious few days of consideration.

One final word about visiting before I start in on what I thought: just skip your workout for the day and tour Sanctuary instead. It will take you at least an hour to visit every floor in every single one (units have as little as 3 levels and as many as 5). You will probably do at least a mile of stairs. If you are interested in buying, then carve out at least 2 hours in your schedule because it will take you at least that long to narrow your choice down to one. Besides the challenge of the stairs, you will be challenged by the fact that no unit is the same and that makes it awfully hard to choose.

Each unit has many things to love, and every unit likely has one or more quirks that you have to decide to ignore. I said they were amazing, not perfect :). One downside that you won’t have to ignore any longer is that whole “no warranty on the construction” issue — sounds like there is one in place.

Here’s what I really liked:

  • All that concrete, steel, and loft-appeal built into each one, plus the ones with exposed brick were especially pleasing to me.
  • Others might be more attracted to the layouts with kitchens placed by the outer wall to leverage the huge window to the outdoors.
  • Still others will be entranced by the outdoor decks attached to a select few (except maybe that deck with super high walls).
  • Of course, the two units with the huge stained-glass window that can be opened to normal glass are impressive (that effort is estimated to have cost $60K for the two units per unit).
  • The two condos one containing a bedroom with skylight that looks up towards the domed ceiling is pretty cool.
  • All of this seems to focus on what’s been added but props should definitely be given for the architectural features that were retained: columns, moldings, doors…

The home that I preferred of the 12 surprised me. It was #9 (1859 16th Ave) and is one of the smaller units at 2,553 square feet. With a price of $729K, there was only one other unit with a smaller price tag. But #9 had all the concrete, steel, and exposed brick I could ask for and with its super tall, narrow window it felt more like a loft in Manhattan. Yes, there are larger, more functional layouts of the bunch — any of which I can see the beauty of — but the aesthetic of #9 was what drew me.

Then again, if I had spent more time in #9, I might have found the not-so-perfect that I occasionally came across in other units including:

  • The choice of lighting fixtures wasn’t all that. One of my friends explained that the disks with exposed & tinted bulbs are all the rage, but I wasn’t in love with them. Easy to replace though right?
  • Stupid things like exposed plumbing on the visible side of the toilets.
  • The random, shallow built-in cabinet you might come across.
  • Bedrooms with no windows in the lower floors.
  • And then, there are the units that didn’t quite have enough space to entertain or the kitchens felt dinky or that room/corner/cornice/layout just seems slightly awkward.

Quirks, you either accept ‘em or you don’t. Bottom line is that you are more likely to be impressed than not with every stair you climb at the Sanctuary.

Here are a few of the many photos I took:

IMG0743 M Sanctuary Tour & Photos (2012)

IMG0739 M Sanctuary Tour & Photos (2012)

IMG0756 M Sanctuary Tour & Photos (2012)

IMG0765 M Sanctuary Tour & Photos (2012)

There are more numbers to talk about (HOA dues, partial 10-year tax abatement, price per square foot, parking spaces) but that will have to come later. Right now I just want to hear from others that visited. What did you think? And which was your favorite?

And for those that didn’t make it in this weekend for the preview, I hear there is a VIP event Wednesday night and the sales office opens January 28.

Disclaimer: Realogics and Sanctuary are Urbnlivn advertisers.

Update 1/23/12: Corrected a couple of my statements (thanks readers & Realogics for keeping me honest!). Plus, Dean at Realogics added that by the end of Sunday, they had 450 registered visitors for the weekend but many came in groups so were not registered. Also, 9 of the 12 units ended up with reservations, some with multiple reservations. Realogics will begin closing sales after Sanctuary gets its TCO (certificate of occupancy) and they expect that to happen this week.

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Windermere Contemporary

January 21st, 2012 by katrina · Houses

Matt plucked this contemporary home out of the new listings this week and if you are looking to live near Magnuson Park and blocks from the Burke Gilman then this is worth a look. A vaulted ceiling lets in lots of light but what really catches my eye is the finished wood fireplace (never seen that before) and how they went gangbusters in the kitchen (red cabinetry is not for the wimpy). The master bath has some serious style too — and includes a skylight.

Located at 5850 57th Ave NE, this contemporary home is asking $689K for its 3-bedrooms, 1.75 baths, 1,860 square feet and a surprising amount of outdoor space.

311427 2 0 Windermere Contemporary

311427 12 0 Windermere Contemporary

311427 8 0 Windermere Contemporary

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Window Systems (+ other photos) at Sanctuary

January 21st, 2012 by katrina · The Sanctuary

Realogics sent over some additional photos of Sanctuary that I haven’t seen before — especially the ones of the new window system. I was hoping to get my hands on a price list as well (it’s not up on the site yet) but sounds like they’ll have that ready next week.

Closed:
sample 892x1024 Window Systems (+ other photos) at Sanctuary

Open:
sample 2 1 715x1024 Window Systems (+ other photos) at Sanctuary

Here’s a diagram:
stained glass window Window Systems (+ other photos) at Sanctuary

Also, a bit of the concrete and steel interiors:
15 Window Systems (+ other photos) at Sanctuary

Exposed brick in a bedroom:
202 Window Systems (+ other photos) at Sanctuary

And modern style of this kitchen:
1008 Window Systems (+ other photos) at Sanctuary

Disclaimer: Realogics and Sanctuary are Urbnlivn advertisers.

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