Steve from Williams Marketing pointed me at a small bank-owned Queen Anne building at 1 Etruria that I’m posting because it seems priced to sell:
I just listed a little 6 unit condominium on the North side of Queen Anne. All the homes are 2 bedroom 1 bath and average about 770 square feet. This is a project that went back to the bank but is still a very nice community and has been priced very aggressively…starting at $229,990. For that price you get 760 sf, granite slab counters with under mount sink, stainless steel appliances, new wood cabinets, new carpet, new paint, wood wrapped windows, two large bedrooms both with walk in closets, view over Fremont, a deck and a parking space.
As you know there are new Fannie and Freddy presale requirements for condos, well if you use Seattle Mortgage they will portfolio the loans and will do 5% down and I have been told that they will offer a 3.99% interest rate for a 30 year fixed!
However, I’m not a fan of the 1980′s design :).
Here’s some more photos and a price sheet [pdf].
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View Comments so far ↓
1 Paul // Mar 11, 2009 at 10:06 am
This property does NOT appear to be bank owned. Check the KC records for “1 Etruria”; there's no sign of a foreclosure or trustees sale or anything of the sort. Something fishy is going on here.
2 Steve S // Mar 12, 2009 at 9:15 am
Sorry to disappoint you but there is nothing fishy going on here. The bank took over the LLC and is now managing it.
I have had 3 offers since we put it on the market 2 weeks ago but it looks like only 2 are going to make it to mutual acceptance.
I certianly hope the bank owns it since I walked into their office to get the deals signed.
3 Steve S // Mar 12, 2009 at 4:15 pm
Sorry to disappoint you but there is nothing fishy going on here. The bank took over the LLC and is now managing it.
I have had 3 offers since we put it on the market 2 weeks ago but it looks like only 2 are going to make it to mutual acceptance.
I certianly hope the bank owns it since I walked into their office to get the deals signed.
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