Interesting Sales Last Week
Seattle saw 13 closed sales in the condo and townhouse markets last week. Besides yet another unit selling at Escala in the new construction space, there were these notable resales: a formerly foreclosed 19th Ave Loft, an upper floor unit at Continental Place that sold for a hair below asking, and a modern townhouse that sold quickly on Capitol Hill.
#106 at 19th Ave Lofts last sold for $474K in 2005, foreclosed for $386K in July of this year, and was back on the market within a month for $275K. The 1,279 square foot loft ended up selling for $300K last week — about 37% below its 2005 price.
Originally purchased in 1989 for $350K, a 3-bedroom, 2.5-bath condo at Continental Place sold last week for $790K — just $9K below what it listed for at the beginning of September. Continental Place was built in 1981 and, unfortunately, we’re left wondering if #2601 saw updates that came close to the (still available) studs out remodel we noted in July?
A 1,400 square foot townhouse went pending in 3 days when it was listed for $415K at the end of September. Turns out the 3-bedroom, 2.25 bath unit on Capitol Hill sold for $429K — $14K higher than original list.