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MLS Watch: Is anyone not flipping their 2200 unit?

November 30th, 2006 · 5 Comments

Three more 2200 units hit the MLS today.

2200 Westlake #W1106 - $1,028,000 - 2 bed/2 bath - 1,415 sq ft - $757/SqFt

2200 Westlake #W600 - $890,000 - 2 bed/2 bath - 1,423 sq ft - $625/SqFt

2200 Westlake Ave #403 - $495,000 - 1 bed/1 bath - 732 sq ft - $676/SqFt - It’s even staged!

And also that remaining Meritage 1 bedroom unit has dropped in price from $350,000 to $342,500 putting it at $533/SqFt.

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Tags: 2200 · MLS Watch · Meritage

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5 responses so far ↓

  • 1 Dan ji // Nov 30, 2006 at 4:47 pm

    I’m not flipping… at least not at the high 6xx/sq ft. =)

    The staged unit seems quite strange - no painted walls, and no granite slab on the kitchen countertops. Nearly all the units I’ve seen (including mine) have a main burgandy-ish color to the wall, as well as some other accent colors. There’s also either dark or lighter colored slab granite throughout the unit.

    I had a thought… how pissed do you think those Lake Union/Space needle facing unit owners are going to be when the 11-story Rollin street lofts block their view? Yikes!

  • 2 Matt // Nov 30, 2006 at 4:57 pm

    Do you know the original price per square foot values?

  • 3 Dan ji // Nov 30, 2006 at 6:03 pm

    Hey Matt… actually, I don’t know what these would have sold for. It completely depends on when they bought, though I imagine if they bought back during presale (April ‘05) it would have been in the low-mid 500’s sq/ft for a smallish-lower (1-4) floor unit.

  • 4 Sea~Condos // Dec 1, 2006 at 1:08 pm

    By the time I had got around to the 2200 sales ctr, the only unit that was available was an open 1br (around 600sf I believe) for 374K. That would place the $/sf at $600 plus/sf.

  • 5 Sea~Condos // Dec 1, 2006 at 1:12 pm

    When I first moved into my new building, there were about 15 units for sale within the first month. It took about 3 months for all of the units to sell/rent. It sure was annoying having all of those lockboxes out front. I imagine 2200 westlake will have this go on for much longer given the number of units in that project.

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