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MLS Watch: Increase at Olive 8, Decrease at 5th and Madison

December 8, 2006 By 12 Comments

Huge price increase at Olive 8:

737 Olive Way #2800 – $200,000 price increase to $1,325,000 (someone must have typed that in wrong!) – 1,538 sq ft – $862 sq/ft

5th and Madison unit drops in price A SECOND TIME. And wow, $504 sq/ft is actually a good deal!

909 5th Ave #702 – $15,000 price reduction to $490,000 (I believe it originally hit the market at $515,000) – 973 sq ft – $504 sq/ft. Here’s the floor plan [PDF]

Double listing of a 2200 unit:

2200 Westlake Ave #403 – $495,000 – 732 sq ft – $676 sq/ft. This is the same as MLS #26192777. Same agent too.

Filed Under: 2200, 5th and Madison, Olive 8 Views: 368
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Matt , Urbnlivn's publisher, has a love for lofts with industrial features and new construction condos that is only eclipsed by his passion for outdoor sports and urban living. Phrases such as “polished concrete” and “exposed brick” are music to his ears. You can also find Matt on Twitter or skiing.

  • jo

    No one typed in that price wrong, 1.325 seems about right. Unit #2200 is going for 1.125. Makes sense #2800 is going for 200k more with the higher floor and less obstruction of the building next door.

  • jo

    No one typed in that price wrong, 1.325 seems about right. Unit #2200 is going for 1.125. Makes sense #2800 is going for 200k more with the higher floor and less obstruction of the building next door.

  • jo

    No one typed in that price wrong, 1.325 seems about right. Unit #2200 is going for 1.125. Makes sense #2800 is going for 200k more with the higher floor and less obstruction of the building next door.

  • maxton usher III

    5th and Madison is a HOT project. It’s shocking that no one gets that. floor to ceiling windows, concrete and steel, 10’6″ ceilings are standard, killer finishes, 3 blocks to Westlake. Plus it’s a LEED certified project.

    This is the best value in the city, hands down.

  • maxton usher III

    5th and Madison is a HOT project. It’s shocking that no one gets that. floor to ceiling windows, concrete and steel, 10’6″ ceilings are standard, killer finishes, 3 blocks to Westlake. Plus it’s a LEED certified project.

    This is the best value in the city, hands down.

  • maxton usher III

    5th and Madison is a HOT project. It’s shocking that no one gets that. floor to ceiling windows, concrete and steel, 10’6″ ceilings are standard, killer finishes, 3 blocks to Westlake. Plus it’s a LEED certified project.

    This is the best value in the city, hands down.

  • http://twitter.com/mattgoyer mattgoyer

    Maxton, I totally agree. If it was just a little bit closer to Capitol Hill I’d buy there in a second.

  • http://twitter.com/mattgoyer mattgoyer

    Maxton, I totally agree. If it was just a little bit closer to Capitol Hill I’d buy there in a second.

  • http://blog.mattgoyer.com Matt

    Maxton, I totally agree. If it was just a little bit closer to Capitol Hill I’d buy there in a second.

  • jon

    They may start selling quicker as this building progresses and people can more easily tour the actual building.

    4 out of 6 floorplans are corner units. 30-40ft. of floor to ceiling windows on every floorplan. Six units per floor. Unexpected views due to the buildings position on the lot. 5 out of 6 floorplans have views of the library, plus nice views of downtown (WA Mutual building). The building will be 3 blocks from a grocery store on First Hill. 3 blocks from light rail direct to airport (2009).

    Moving the building a little would be ideal, but if they moved closer to Westlake Center they’d be in WLCenter, and I probably couldn’t consider a unit there due to $$…. It is tough viewing other units in other projects at same price once you’ve looked at this one…

  • jon

    They may start selling quicker as this building progresses and people can more easily tour the actual building.

    4 out of 6 floorplans are corner units. 30-40ft. of floor to ceiling windows on every floorplan. Six units per floor. Unexpected views due to the buildings position on the lot. 5 out of 6 floorplans have views of the library, plus nice views of downtown (WA Mutual building). The building will be 3 blocks from a grocery store on First Hill. 3 blocks from light rail direct to airport (2009).

    Moving the building a little would be ideal, but if they moved closer to Westlake Center they’d be in WLCenter, and I probably couldn’t consider a unit there due to $$…. It is tough viewing other units in other projects at same price once you’ve looked at this one…

  • jon

    They may start selling quicker as this building progresses and people can more easily tour the actual building.

    4 out of 6 floorplans are corner units. 30-40ft. of floor to ceiling windows on every floorplan. Six units per floor. Unexpected views due to the buildings position on the lot. 5 out of 6 floorplans have views of the library, plus nice views of downtown (WA Mutual building). The building will be 3 blocks from a grocery store on First Hill. 3 blocks from light rail direct to airport (2009).

    Moving the building a little would be ideal, but if they moved closer to Westlake Center they’d be in WLCenter, and I probably couldn’t consider a unit there due to $$…. It is tough viewing other units in other projects at same price once you’ve looked at this one…