Huge reductions at 2200
#W203 dropped $6,000 to $459,950. It’s a 1 bed/1 bath, 840 square feet at $548/SqFt.
900 Lenora #1001 dropped $100k to $799,950 and it’s only been on the market 56 days. That’s quite the price reduction. What does $800k buy you? 2 beds/1.75 bath, 1,238 square feet on the 10th floor at $646/SqFt:
Of course that can hardly compare to the $175,500 price reduction on 2121 Terry Ave #1400 which is now $1,499,950 for 2 bed/2 bath, 1,486 square feet at only $1,009/SqFt. I do think the night time photos look better in this listing than the day time cloudy photos in the listing above. Something to consider if you’re selling. I must say I’m surprised that this 14th floor unit is $400/SqFt more than that 10th floor one!
Of course a few more units hit the market too and they’re up to 28 active listings.
Back on the market at Fix/Madore
#203 is back on the market. I guess something fell through. So for $375k you can get your own 815 square foot ‘historic brick loft’.
Monique re-listing?
I swear that I’ve seen this unit numerous times in the last few months both on the MLS and on Craiglist, 1505 11th Ave #304 for $349k.
Bargains on Capitol Hill?
If you’re hunting for cheaper condos you might want to check out 1614 Summit Ave #206 for $239,950. That gets you 1 bed/1 bath and 618 square feet, or 700 E Denny Way #210 for $319,950 which gets you 1 bed/1 bath and 656 square feet.
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11 responses so far ↓
1 Reader // Mar 9, 2007 at 2:38 am
looks like 2121 Terry Ave #1602 also dropped 100k to $1,275,000. I dont think some of these priced dropped ones will last - what do you think?
2 Dan // Mar 9, 2007 at 9:21 am
Hey Matt,
One reason for the 14th floor unit (2121 Terry) is more expensive is because it’s in the Aria building (aka Pan Pacific Hotel). In general, the finishes are a little better, the lobby is much better (the hotel’s & a separate resident-only one), and the views are a better as well.
A couple of friends live in a similar 2 bedroom unit as the one listed on the 10th floor… very nice, and very open. Not a screaming bargain, but you could do worse for 799k. Something about going to Whole Foods for sushi at 9pm in pajamas makes me feel good about the world. =) (And if you were at Whole Foods last night, that was me)
3 Dan // Mar 9, 2007 at 9:25 am
Oh, and W203 (”dropped $6,000 to $459,950″) isn’t a unit at the Gallery condos, it’s a 1br unit at the Azur tower of the 2200.
I’m pretty weary of lower floor condos at the 2200, what with the commotion of the plaza area from hotel and retail activities.
4 Ben K // Mar 9, 2007 at 9:51 am
The #1400 owner was out of his/her mind to begin with. They came on the market at 60% above what they paid for it…no where in the city supports that level of valuation increase, certainly not 2220. It’s reducing because they have $-signs in their eyes and it’ll be reduced further. I doubt they will be able to sell it at $1.5 mil.
5 EconE // Mar 9, 2007 at 10:43 am
don’t forget the 25+ that are for rent also. Inventory is so stale that Seattlerentals now only lists part of their 2200 inventory on Craigslist.
Lets not forget that there are sooooooo many options to choose from that are opening/under construction.
More options for condos + Fewer options for loans = well…you do the math.
6 Dan // Mar 9, 2007 at 10:55 am
Not all rentals are done on the internet… I know personally of 3 units at the 2200 that were rented out (1 year leases) within a few days of being available.
7 Matt // Mar 9, 2007 at 11:04 am
Dan, thanks for pointing out that mistake. I shouldn’t write these things at 1am :).
8 EconE // Mar 9, 2007 at 11:30 am
Wow…3 WHOLE units rented.
3 out of HOW MANY THAT GO UNRENTED AND UNSOLD?
Dan…please don’t try to spin the facts about the 2200…Your “personal knowledge” of 3 units that rented within a few days of being available is a LIE
yes…A LIE
well…unless of course you are a Realtor shill.
9 Dan // Mar 9, 2007 at 12:00 pm
EconE, let’s tone down the replies ok? Personally, I couldn’t care less how many go unrented, or how much they’re selling for… none of us intend to sell anytime soon. There’s no spinning, I live there and enjoy it no matter what.
You can spin numbers, CAPITALIZE BIG WORDS for effect all you want… I can only tell you what I know. One of the lies (units rented) is next door to me. Maybe the furniture being moved in is this huge hoax too… who knows, I’m just a crazy condo owner. ;)
10 Dan // Mar 9, 2007 at 12:06 pm
And no, I’m not a realtor. I have personal knowledge of these “lies” because they’re my friends from highschool and/or college.
11 David // Mar 9, 2007 at 1:55 pm
I rent in the Arte tower and love it! I sold my Capitol Hill condo last month and it is nice to take a break from all the R/E frenzy. I’ll stick my head up in a year or so and see what’s going on. Each week the parking garage has a few more cars, people ARE moving in - plus quite a few of these units are pied-a-terres for folks that live in Sammamish and other eastside locations anyway - so weekends has even more people stirring around.
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