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MLS Watch: Huge reductions at 2200

March 9, 2007 By 22 Comments

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:

27007242 12 MLS Watch: Huge reductions at 2200

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!

27012257 MLS Watch: Huge reductions at 2200

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.

Filed Under: 2200, Fix/Madore, Monique Lofts Views: 568
About Matt

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.

  • Reader

    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?

  • Reader

    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?

  • Dan

    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)

  • Dan

    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)

  • Dan

    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.

  • Dan

    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.

  • Ben K

    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.

  • Ben K

    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.

  • EconE

    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.

  • EconE

    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.

  • Dan

    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.

  • Dan

    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.

  • http://twitter.com/mattgoyer mattgoyer

    Dan, thanks for pointing out that mistake. I shouldn’t write these things at 1am :).

  • http://blog.mattgoyer.com Matt

    Dan, thanks for pointing out that mistake. I shouldn’t write these things at 1am :).

  • EconE

    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.

  • EconE

    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.

  • Dan

    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. ;)

  • Dan

    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. ;)

  • Dan

    And no, I’m not a realtor. I have personal knowledge of these “lies” because they’re my friends from highschool and/or college.

  • Dan

    And no, I’m not a realtor. I have personal knowledge of these “lies” because they’re my friends from highschool and/or college.

  • David

    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.

  • David

    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.