FB
[email protected]
206-338-3535
Home / Seattle Lofts / Capitol Hill / Trace Lofts / Trace compared

Trace compared

By April 18, 2007

Trace Lofts

Tomorrow I’m going to tour unit #408 ($495,000 for 776 square feet, 120 square feet of terrace), the unit I reserved, at Trace Lofts. Before going and getting too excited I thought it would be important to run the numbers while I’m still jaded. What I did was have an agent pull past sales from 01/01/2005 to present for a number of buildings in the area. The result is my Trace comp spreadsheet. The results are not promising. At $637/square foot it will be pretty much one of the most expensive units to sell in its peer group and it’s not even concrete and steel construction like 1310 E Union. The only two comparable units in price are much smaller studio units (one at 1310 and one at Monique.)

Let me know what you think. Did I miss a key project on Capitol Hill? Is Trace really that much better?

Also here is the purchase and sale [pdf].

I own and manage Urban Living, a boutique Seattle and Bellevue real estate brokerage. I love lofts, floating homes, new construction, and mid-century moderns, but I will help you buy or sell just about anything!

Get in touch to:

  • Understand the market
  • Find your perfect home
  • Sell your home

Contact:

206-203-6242