A Sweet, Spacious Penthouse in Ballard. Would You Pay $5,700 a Month?
Every time I go to the Ballard Farmers Market or dream of the fried oysters at Walrus and the Carpenter, I consider leaving Capitol Hill and moving to Ballard. Each time, though, I remember the time it takes to drive to I-5 and I shelve my relocation plans. But if I changed my mind (and money wasn’t an issue), this new penthouse at Greenfire Campus would be at the top of my list.
We reviewed Greenfire Campus and its eco-friendly features a few days ago. The penthouse unit on the fifth floor is by far the best (and most expensive) in the building, located on NW 56th Street between 20th and 22nd Ave.
For starters, it’s the only apartment on the top floor so you don’t share walls with anyone. Plus, it features a large living room with an unobstructed (unless they ever put up a building to the east) view that brings Ballard into your home.
If the interior space is not enough, you have a south-facing balcony and a private roof-top deck that, at 900 square feet, is bigger than many apartments.
Back inside, two bedrooms, two full baths and an office nook round out the 1515 square feet. The penthouse, unlike most of the other 18 units at Greenfire, also has in-unit washer and dryer and air conditioning.
The question: Is it worth the rent of $5,695 a month? That amount, which doesn’t including parking, would be considered normal, maybe even on the low side, if the penthouse were in Belltown, South Lake Union, downtown or Capitol Hill. But Ballard?
The $5,695 a month rent is equivalent to the payment on a $1.25 million mortgage loan. I think it is pricey for Ballard, especially since it doesn’t have the water and downtown views that the top Belltown and downtown condos have. Also, the stainless steel appliances in the kitchen are not luxury models. In fact, they’re somewhat lower-end GE appliances.
That said, I think this penthouse will get leased because of its location, its wide-open layout, massive outdoor deck and the many sustainable features at Greenfire Campus. For more information or to schedule a tour, go to the building’s website.