Holy Homeowners Dues…

Two-level penthouse at the Lumen on 5th and Mercer.

A cool penthouse unit at the Lumen that has seen its price ride the roller coaster of the market is available for $699,000. That is a jump from the last recorded price of $553,000 when it sold a year ago but a major bargain compared to the 2008 price of $1.25 million. Yet, in deciding… Read More

Now Renting: Lumen Unit for $3,100/mo

That beautiful unit at Lumen that was listed in July for $650K appears to have been recently delisted and is now being offered for rent. The 2bd/2b unit is asking $3,100/mo unfurnished, $3,500/mo furnished. As we discovered when we posted about it this summer, this unit was profiled in the Seattle Times in 2008.

Lumen Unit Works Its White Space

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What’s all that white space called again? Oh yeah, negative space. And there’s a fair amount of it to work with in this Lumen listing. It’s not all negative (space) though… Just listed for $650K, this unit is described as two homes combined into a single residence which includes 2-bedrooms, 2 baths, open living room,… Read More

Interesting Sales Last Week

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There were 27 closed sales in Seattle’s condo and townhouse market last week. After last week’s round-up of new construction condo inventory, it seems that the following units moved from the ‘pending’ column to the ‘sold’ column: Trace North #320 and #420 – both 1-bedroom condos that closed for $425/sf and $417/sf respectively. Enso #505… Read More

Reader Fails to Buy at Lumen

An Urbnlivn reader wrote in about their experience buying at Lumen in June: It was a bad first-time buying experience all around … with the discount brokerage, with the lender, with the listing agent, and with the REO owner. Ultimately the purchase was doomed by a high HOA dues delinquency rate due to which it… Read More

Lumen “Penthouse” Sells For Asking

That crazy Lumen penthouse that you, our readers, pegged at $675k sold for it’s asking price of $949k last week. I never would have guessed that!

Lumen Penthouse Finally Done

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After years of construction the Lumen penthouse is finally complete. Surely there’s a story behind this unit. Was it built for the developer who bailed on it when things went sideways? After a $500K build-out, the LUMEN penthouse is complete. It is unlike anything available in Seattle Metro. Two units have been combined creating a… Read More

Lumen Press Release on Auction

Thought some folks would be interested to see some of the numbers in their press release. 80 registered buyers, 1,200 people toured, many cash buyers. – SEATTLE – Sixteen winning bidders earned great value this past Saturday when the remaining available condominium homes at the LUMEN development at Seattle Center in downtown Seattle were sold… Read More

Lumen Auction Results + Video – All Sold Except 1

I’m about to pass out since I just biked 204 miles from Seattle to Portland but just had to post about the Lumen auction results before crashing… A reader and Chelsea (who accompanied a Redfin client) sent me the results for the Lumen Auction [pdf] which I combined into one spreadsheet: The reader, “potus” says:… Read More

Lumen Auction Results?

How’d the Lumen auction go? Sadly I couldn’t make it because I’m biking from Seattle to Portland (you can follow along on my Twitter.

Lumen Remodel – Before & After Photos

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On the eve of the Lumen auction I received some photos for a reader who lives at Lumen showing their before and after that are a great inspiration to anyone bidding tomorrow. A couple things about what we did that are of note: 1) We donated the original Lumen kitchen to charity and recieved a… Read More

Photos of Lumen Units Up For Auction

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Three years ago I toured the Lumen sales center and I liked the project. It was modern, clean looking, minimalist kitchens and was unlike anything else in Seattle. I don’t know why it has taken me so long to see it in person, but now that I have, I see why it is going to… Read More

Lumen Auction – Agent or No Agent?

Just curious if folks planning to buy at the Lumen auction are going to be using an agent or not? If so, are there any agents that specialize in auctions?

Lumen Auction Informational On July 1st

I’ll be celebrating Canada day but if you’re not Canadian and looking to buy at Lumen you may be interested in their how-to-buy seminar including mock auction. What: LUMEN “How to Buy” pre-auction seminar and registration When: Wednesday, July 1, 2009 at 7 P.M. Where: LUMEN Lounge, 501 Roy Street, Seattle, WA 98109 I must… Read More

Lumen Press Release For The Auction

Re-posting press releases is what lazy bloggers do. More info at LumenCondosAuction.com SEATTLE – Stylish urban living and the opportunity to buy at a once in a lifetime price awaits 19 very fortunate homebuyers as the final 19 condominium homes at LUMEN go on sale at Public Auction in July. The remaining few of the… Read More

Lumen Going to Auction July 11th

Thanks to a Lumen homeowner who passed along a letter [pdf] confirming that the remaining 21 or so Lumen condos will be auctioned on July 11th. They’ll be using TeamBuilder Auction Group (I originally heard it would be Kennedy Wilson). Gotta get back to work so no time for editorializing.

Lumen Next To Auction Off Remaining Inventory

With the Queen Anne High auction today (how’d it go??) time to move our attention to the next auction. I hear the Lumen will be the next Seattle condo to auction off their remaining inventory. The auction will be handled by Kennedy Wilson who handled the auctions for The Press and Queen Anne High. It… Read More

Sunday Seattle Times

It’s been a long time since I forked over $0.75 for the Sunday Seattle Times but while I was picking up a New York Times today I was curious about what the condo marketers had to say in these tumultuous times. Turns out, not much. Page 2: Seventeen07: 1/8 of page ad advertising their October… Read More

MLS Watch – 2 weeks of new construction updates

2200 25 Bellagio Added 3 more units to the MLS for a total of 4. Their HOAs feel really low at $0.26/square foot. Cosmo 28 Decatur Decatur recently dropped prices on a number of units between $3k and $10k. Though oddly raised the price of #1306 $3k to $302,950 and #1007 $5k to $465,960 Equinox… Read More

Condo Expo: Sales #’s updates

I went to the Expo today. Here’s an update on sales numbers. 1 – 143 reservations for 208 units 1521 – 131 of 141 units sold Brix – 68 of 141 units sold Domaine – 10 of 92 units sold. I heard a rumor they took all the units off the market but they haven’t…. Read More