urbnlivn, a seattle condo & real estate blog

The 5th and Madison auction site is up.
If you want to skip registration here is the price list for the 18 units.
I’ve spoken to a few folks who are pretty excited about the auction because of the low starting bids. However, if you read the fine print you want to beware the unpublished reserve [...]

Popularity: 6% [?]

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Last night I looked through the probably hundred or so condos that came on the market in the last two weeks. Nothing really new or exciting. Most looked to be ones that went off the market just before Christmas. The rest were from developments like Trace and Brix putting more inventory in the MLS. And [...]

Popularity: 37% [?]

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Okay, I’m back from California. Here are the interesting units that have hit the market in the last week.
5th and Madison
Prices are going up and down at 5th and Madison.
Penthouse #2403 came on the market at $2,199,000 dipped to $1,995,000 on June 26 and is now back up to $2,149,000.
Whoever is flipping #302 [...]

Popularity: 43% [?]

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At lunch on Friday I snuck away to attend the 5th and Madison green space opening.

(Williams Marketing PR was kind enough to email me a good photo of the ribbon cutting.)
There was about 40-50 people there for the ribbon cutting ceremony which was hosted by Bryon Ziegler of Williams Market. Surprisingly Leslie Williams was [...]

Popularity: 13% [?]

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5th and Madison is hosting a grand opening for their half acre park on Friday November 16th from 12:30 – 2.
I snapped a photo of it the other day as I walked to work.

I really like how the mosaic wall came out and its great to see more nice green space downtown.
Popularity: 11% [?]

Popularity: 11% [?]

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A reader writes in with reports on delays at 5th and Madison:

Move-in delays at 5th & Mad. What a surprise! But, Williams Marketing is now saying, “We will give you, the buyers, daily updates via emails.” (emphasis added). Let’s see if they live up to that promise. But I [...]

Popularity: 18% [?]

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The Seattle PI has an article today about the lengths sellers are going to, Home sellers trying it all to hook choosy buyers:

Jennifer Nilssen wants to sell her Ballard condominium — fast.
She set her asking price about $20,000 below that of comparable condos in her building. She’s offering to finance 10 percent of the purchase [...]

Popularity: 31% [?]

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Seattle PI, Basement of old S.H. Kress department store to become a full-size IGA grocery:

“The downtown central business district of Seattle is one of the most ‘understored’ areas in the Pacific Northwest.”

This will be great for all the folks moving into the Four Seasons, 1, 1521, Fifth and Madison, etc.

Popularity: 24% [?]

Popularity: 24% [?]

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Commercial Property News reports, Kennedy Wilson Buys Seattle Properties for $300M (thanks UrbanAsh).

The adjacent 126-unit condo building is known as Fifth and Madison. Currently under construction, the project has pre-sold 84 of its residences (or two-thirds) at prices averaging $660,000 for 1,045-square-foot units. The project is slated for completion this fall.

Is it strange for [...]

Popularity: 12% [?]

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I think the Sunday Seattle Times Real Estate section now has more ads for condos not in Seattle than in Seattle. None-the-less here are the specials and tidbits from the most recent edition:
Andiamo: Only 3 great condos still available
Azul: $7500 buyer bonus for all 2/2’s
Carbon 56: No home owner dues for one year
Luxe: Did anyone [...]

Popularity: 46% [?]

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