Archives for November 2009

Ten Twelve First Raising Prices?

Over the weekend Ten Twelve First raised prices on three units. Maybe they expanded these to be full floor units? #3500 went from $1,750,000 to $15,600,000. #2700 went from $3,500,000 to $4,500,000. #2600 went from $1,750,000 to $3,500,000. Completion in 2012. Update: Here’s an email I received from Breffni J. McGeough: Good Morning Matt, Thank… Read More

Don’t Let the Wrap Distract You

At least the marketing remarks on 1504 Aurora Ave N #509 are honest: Enjoy the view from this 2 bedroom, 1 bath condo in Seattle. Exterior of Building going through some reconstuction, dont let that distract you. Property condition may restrict FHA/VA/USDA financing options. Possible special fin thru Chase, see agent only remarks for details…. Read More

Changes in FHA Guidelines

An update from Sergey Petrov at Yalnes on the recent changes to FHA guidelines: Dear Clients, Friends, and Colleagues: The lending industry continues to change and tighten its guidelines. You may have heard about the most recent FHA requirements. Historically, a borrower could obtain an FHA-insured mortgage for a purchase of a condominium Unit by… Read More

Enso Closings Start in 2-3 Weeks

Forwarded by an Enso buyer: Got this on Friday from WM (I only transcribed the relevant portions, since they sent it to us a a JPEG!): Greetings Enso Buyer, We are thrilled to announce that your home is nearly ready for occupancy as we are finalizing the last items necessary for you to close and… Read More

Ruby End of Year Close Out Sale

Ruby is having an “end of year close out sale”. Looks like all homes are now under $315k? So far they’ve sold 31 units. From their email: MODEL HOMES HOME #108 was $399,990, just reduced to $299,500 801 sf. 1 bed/1bath. Views are spectacular from living room and large ground floor patio surrounded by large… Read More

Canal Station North, 12 Sales in October, $9k Buyer Bonus

Update from Canal: Canal Station North continues to have great sales success. We had 12 sales in the month of October alone! With over 85% of our homes sold and occupied you can rest assured you are buying into one of the most successful condominium communities in Seattle. Here’s a sample of the amazing value… Read More

Marselle: Great Condos, Crappy Neighborhood

I toured Marselle last weekend, one of the few new condo developments in Seattle that does not tout any concern with the environment (at least they’re honest about it). The interiors are very nice, and there are some beautiful open floorplans. The photos on the website totally do them justice. However, the photos of the… Read More

Gallery 55 Homes Sold in 30 Days

About a week ago got an email from Gallery that they’ve sold 55 homes sold in 30 days. Here’s their featured homes.

Condo Remodel Recommendations?

A reader is looking for a contractor to do a condo remodel. Here’s how they describe it: I am looking at expanding the exterior walls of the loft area, moving my wood burning stove to the opposite side of the living room area, and installing a spiral staircase where my closet currently is to go… Read More

1521 Wins NAIOP Multi-Family of the Year Award

1521 recently won the NAIOP (the Commercial Real Estate Development Association, formerly known as the National Association of Industrial and Office Properties) Multi-Family of the Year Award. Judging panelists noted that Opus Northwest has closed on two-thirds of the 143-unit project representing more than $170 million in sales to date. Unlike typical condominiums, Fifteen Twenty-One… Read More

Bulk Sales Approach Sells 20 Condos

Over the weekend I got a press release from Realogics, Condo Bulk Buy Success – Sales Release Already Two-Thirds Sold. They’ve sold 20 homes out of the initial 30-unit release at The Decatur and Eleven Eleven. From the release: Based on the 20 sales to date, Cunningham estimates buyers purchased at prices that were between… Read More

Brix Happy Hour; 48 sold in 30 days

Brix is having a happy hour November 20th, 5-7 PM, if you’re looking for some free eats. Apparently they’re selling well having sold 48 homes in 30 days (this was five days ago.) Here are their “new releases“.

See Recent Sales of Seattle Condos on Redfin

A little over a week ago Redfin launched a new version of our website to add information about recent sales from the MLS. In Seattle this means that instead of just showing you sale records from public records, which can take a few weeks to show up on our site and have little information about… Read More

Huge Loft at 81 Vine

Wow, 81 Vine St #300 is 1,847 square feet of awesomeness. This is the kinda loft I want. Though it looks like the view is susceptible to disappearing if they build on that parking lot. Last sold for $740k in March of 2007. Current average appraisal: $666,556 You must have JavaScript enabled to submit an… Read More

Penthouse at the Talisman

Units at the Talisman always seem to be a hit here. They also always seem to be around $200k. This penthouse unit breaks that trend. It’s a 823 square foot 2 bedroom unit priced at $399,950. Only one floor though. But it has a sky light: The unit seems to have some history. Originally it… Read More

How Do I Get My Earnest Money Back?

Attorney Steve Crane of Crane Dunham will be leading a seminar on December 3rd sponsored by the Washington State Bar Association on how buyers can get their condo earnest money deposits back. It’s at the Washington State Convention Center. It’s technically part of a Continuing Legal Education seminar for attorneys, but real estate agents, developers,… Read More

This jetted tub is nice, but it would be better with a fireplace…

The second floor unit at 744 Harvard just got reduced in price from 1.5 million to 1.2 million. There are only four units in the building – two on the ground level, this one, which takes up the entire second floor, and a penthouse above it. If the price isn’t enough to scare you off,… Read More

Loft for Rent at 87 Virginia

Urbnlivn old time commenter, EconE, now in LA is still watching for cool places in Seattle and forwarded over this place at 87 Virginia. $1,650/month. Includes private view deck. Here’s what EconE had to say: Just thought you might want to blog it as IMHO it’s probably one of the coolest buildings in Seattle. You… Read More

Marselle Sells 20 Condos in October

I got a note from Steve at Marselle that they sold 20 homes in October. Putting them at 31 sales, leaving 101 of the 131 units yet to be sold. Turns out that 50% of their homes are priced under $300k. They have 2 homes left on the 1st floor and have recently released the… Read More

Moda Repossessed?

Hideous Belltown has a curious story about Moda, The Moda’s Hilarious and Hazardous Predicament: I received an email from tipster Chad on Friday. He detailed an outlandish story: he was walking by the Moda Apartments on 3rd, between Bell & Battery and saw some rather large men scaling the side of the building on tall… Read More