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Banked Owned 6 Unit Building in QA

By March 5, 2009


Steve from Williams Marketing pointed me at a small bank-owned Queen Anne building at 1 Etruria that I’m posting because it seems priced to sell:

I just listed a little 6 unit condominium on the North side of Queen Anne. All the homes are 2 bedroom 1 bath and average about 770 square feet. This is a project that went back to the bank but is still a very nice community and has been priced very aggressively…starting at $229,990. For that price you get 760 sf, granite slab counters with under mount sink, stainless steel appliances, new wood cabinets, new carpet, new paint, wood wrapped windows, two large bedrooms both with walk in closets, view over Fremont, a deck and a parking space.

As you know there are new Fannie and Freddy presale requirements for condos, well if you use Seattle Mortgage they will portfolio the loans and will do 5% down and I have been told that they will offer a 3.99% interest rate for a 30 year fixed!

However, I’m not a fan of the 1980’s design :).

Here’s some more photos and a price sheet [pdf].

I own and manage Urban Living, a boutique Seattle and Bellevue real estate brokerage. I love lofts, floating homes, new construction, and mid-century moderns, but I will help you buy or sell just about anything!

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