The Braeburn

A nicely photographed two story unit at The Braeburn, 1410 E Pine #W404, is 821 square feet and $465,000.

I think I like it.

Firehouse

Unit #7 is back at 1406 Harvard, aka The Firehouse. It was originally listed at $425,000 and is now at $409,000. Total days on the market is something a little over a hundred days now. The sad thing is my friend made an offer and after some negotiations was up to $415,000. Guess they should have taken it. Lucky for him, they didn’t.

Portofino

The photos aren’t that great and the interior looks a little dated but Portofino certainly looks nice from the outside. 417 E Pine #409 is $395,000 for 781 square feet.

Bonus Capitol Hill Condo Links: The church at 13th and Olive has been sold possibly to become condos according to the Stranger and hopefully not townhomes. A blogger paid much less than the Stranger bloggers has better pictures and more thoughts I disagree the church is beautiful. I reserve that

By Donald,

My unit at the Braeburn (#202) has been on the market for three months now without a sale. I wanted to tap into the analytical side of my fellow urbnlivn readers because, quite frankly, I’m at a loss. I’m hoping that some kind of wiki-wisdom will help me figure what I can do to get this thing sold.

Right now the unit is vacant and staged. It shows great and every agent through has said it’s a good price and shows nicely. But no offers! This is what I know…

Buyer feedback:

• Buyers don’t like the placement of the concrete post separating the living room and dining room. I understand this. However, the post is there because this floor is concrete and steel, which is a huge strength! Regardless, buyers don’t like it. I can’t really do anything about this.
• Too small. This one confuses me, because the unit is so much larger than comparably priced 2 bedroom condos on the hill.
• Buyers prefer a metal balcony to the concrete balcony this unit has. Again, nothing I can really do about this.

Strengths (in my mind):

• SW corner, lots of light.
• Cool building.
• Size, 1,126 sft.
• PRICE!

The price is what really throws me. I originally had it listed at $469,950, or about $417 per square foot. I just dropped it to $459,950, or $408 per square foot! The same floor plan (with a killer view) sold in November for $540,000 or $480 per square foot. Now a view certainly adds value, but look at the spreadsheet below. My unit is highlighted in orange. To me, it looks like a steal!

(Click to enlarge)

BraeburnComps Hosted on Zooomr

Again, I’m hoping that fellow readers can shed some light on getting this thing sold. So, with much humility, I’d love it if my fellow Seattleites could tell me what to do! It’ll probably be a fun exercise for everyone too. The market has the chance to directly tell the seller what to do.

Braeburn Floorplan Hosted on Zooomr

Matt: I uploaded the photos he sent, Braeburn unit #202 photos

Noma

19 units at Noma came online. They now have 22 listings on the MLS range in price from $222,950 to $539,950 which if my other information is correct means that all their listings are now listed on the MLS. Also, I imagine they’re a little frustrated watching Canal’s success.

Trio

Likewise 4 units from Trio came online. Trio is unarguably Seatte’s biggest failure with only 28 units sold of 113 in over a year. Glad to see they’re coming to their senses and making their units more accessible to all the users of the MLS.

Gallery

One new unit, 2911 2nd Ave #903 – 2 beds / 2 bath – 1,215 sq ft, $679 sq/ft.

Hotel 1000 / Madison Tower

One new unit, 1000 1st Ave #1504 – $685,000 – 1 beds / 1.5 bath – 877 sq ft – $781 sq/ft.

Braeburn

One unit, don’t know if it’s a re-sale or not since I thought these closed awhile ago, 1400 E Pine St #W210 – $259m950 – 0 beds / 1 bath – 561 sq ft – $463 sq/ft

2200

Oh, price drop at 2200, 900 Lenora St #W-309 is now $519,000.

Olive 8

Hope you weren’t waiting for a unit at Olive 8 because they have just had a huge round of price increases. Though their increases don’t seem very logical. They’re all in the $30-$50k range regardless of the listing price.

#3802 – $50,000 inrease to $1,750,000

#3804 – $45,000 increase to $740,000

#3809 – $20,000 increase to $670,000

#2500 – $35,000 increase to $1,260,000

#2200 – $45,000 increase to $1,170,000

#2800 – $35,000 increase to $1,360,000

#2605 – $45,000 increase to $995,000

#3605 – $30,000 increase to $1,230,000

#3700 – $40,000 increase to $2,835,000

#3608 – $50,000 increase to $920,000

Press

9 units from Press 2 were listed. Press 2 is the newer of the Press buildings and has never been occupied.

Braeburn Condos Final Release of ONLY 6 HOMES!

Come and view the final 6 homes to be sold at Braeburn’s Sales Center, on
July 15 & 16, Open from 11am to 6pm, both Saturday and Sunday.

Open 1 Bedroom, 1 Bedroom with Den, and 2 Bedrooms with Den Floor plans,
AVAILABLE NOW.
Furnished Models open for viewing.

View Floor plans at:
www.thebraeburn.com

So how much more are these places listing for then their counterparts did when they first listed?