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MLS Watch: Price cuts at Bellagio, 2 million in Madison

By Matt Goyer December 7, 2007

I stay up every night waiting for my Redfin Listing Alert email to find out what’s going on in condo land. Sad to say that there hasn’t been much to blog about lately. However, Bellagio did me a favor with some price cuts.

The 1611

Looking for an upscale condo in Madison Park? Check out #C at the 1611 (best name ever.) At $1,311 a square footage this place is only $2,350,000. One of only 3 units. Private elevator none-the-less.

Bellagio Holiday Price Cuts

I guess the Bellagio is finding that no one is visiting their listings because of blurry dark photography and decided to drop their prices, in one case $25,000, instead of hiring a photographer for $125/unit.

#203 went from $340,000 to $315,000.

#206 went from $528,000 to $510,000.

#103 went from $565,000 to $545,000.

Shame on you Urban Pacific Real Estate.

Mosler Flips

At close to $500/square foot both #314 and #411 are both nice spacious units though there is no view. Note that I find it disingenuous when listing agents include photos of the roof deck view.

Bonus Blurb: “The Seattle Streetcar begins its operations next Wednesday, December 12. Seattle Mayor Greg Nickels will host a ceremony starting at 11:30 a.m. that day and the first Streetcar will embark from the Westlake Hub at 12:12 p.m.”

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36 responses to “MLS Watch: Price cuts at Bellagio, 2 million in Madison”

jo says:

December 7, 2007 at 7:58 pm

i went to check out bellagio six months ago and was totally turned off on how dark (meaning no light) the units were. it felt like you were in a dungeon. the outside balconies really block a lot of light.

and FYI – 203 was originally listed at 300k but was bumped up to 340k just a few days after releasing them
jo says:

December 7, 2007 at 11:58 am

i went to check out bellagio six months ago and was totally turned off on how dark (meaning no light) the units were. it felt like you were in a dungeon. the outside balconies really block a lot of light.

and FYI – 203 was originally listed at 300k but was bumped up to 340k just a few days after releasing them
Bob says:

December 7, 2007 at 9:43 pm

So the listings’ pictures for Bellagio are actually accurate!
Bob says:

December 7, 2007 at 1:43 pm

So the listings’ pictures for Bellagio are actually accurate!
City Chick says:

December 7, 2007 at 10:35 pm

RE: Bonus Blurb/Seattle Streetcar

Urban cyclists beware of the new streetcar and tracks along Westlake Avenue N. & motorists beware of cyclists struggling to navigate these new hazards!

Seattle Times link:
http://seattletimes.nwsource.com/html/localnews/2004055887_biketracks06m.html
Bike advocacy link for improved safety:
http://seattlelikesbikes.org/index.php?page=events

I’ve discontinued bike commuting along this route, not because of the new streetcar tracks, but because of the poorly out of sync traffic lights.
City Chick says:

December 7, 2007 at 2:35 pm

RE: Bonus Blurb/Seattle Streetcar

Urban cyclists beware of the new streetcar and tracks along Westlake Avenue N. & motorists beware of cyclists struggling to navigate these new hazards!

Seattle Times link:
http://seattletimes.nwsource.com/html/localnews/2004055887_biketracks06m.html
Bike advocacy link for improved safety:
http://seattlelikesbikes.org/index.php?page=events

I’ve discontinued bike commuting along this route, not because of the new streetcar tracks, but because of the poorly out of sync traffic lights.
jo says:

December 7, 2007 at 11:32 pm

actually yes, the units are that dark inside
jo says:

December 7, 2007 at 3:32 pm

actually yes, the units are that dark inside
newbuyer says:

December 8, 2007 at 12:24 am

I am excited for the streetcar grand opening and hope that it will provide people with an efficient way to travel.

There are lots of streets for bikers to ride on. I think it’s great that people bike through downtown, too. Long live bikers. Just take a different route so you don’t get hurt. There are other streets nearby to use and I don’t believe that bikers should feel picked on just because this street may be of no use to them any longer.
newbuyer says:

December 7, 2007 at 4:24 pm

I am excited for the streetcar grand opening and hope that it will provide people with an efficient way to travel.

There are lots of streets for bikers to ride on. I think it’s great that people bike through downtown, too. Long live bikers. Just take a different route so you don’t get hurt. There are other streets nearby to use and I don’t believe that bikers should feel picked on just because this street may be of no use to them any longer.
Peckhammer says:

December 8, 2007 at 5:09 pm

“I am excited for the streetcar grand opening and hope that it will provide people with an efficient way to travel.”

What do Mr. Rogers and Paul Allen have in common? A choo choo in their neighborhoods! The big difference, of course, is that Mr. Rogers paid for his own toys.

Metro Transit, which will operate Allen’s choo choo over it’s expansive 1.3 mile route, plans to bill the city $2 million a year. That’s $1.5 million per mile folks.
Peckhammer says:

December 8, 2007 at 9:09 am

“I am excited for the streetcar grand opening and hope that it will provide people with an efficient way to travel.”

What do Mr. Rogers and Paul Allen have in common? A choo choo in their neighborhoods! The big difference, of course, is that Mr. Rogers paid for his own toys.

Metro Transit, which will operate Allen’s choo choo over it’s expansive 1.3 mile route, plans to bill the city $2 million a year. That’s $1.5 million per mile folks.
newbuyer says:

December 8, 2007 at 5:57 pm

With all of the new condos in that area, it is better for the new residents to be riding that choo choo than to be driving their own cars. Things cost money.
newbuyer says:

December 8, 2007 at 9:57 am

With all of the new condos in that area, it is better for the new residents to be riding that choo choo than to be driving their own cars. Things cost money.
Peckhammer says:

December 9, 2007 at 12:27 am

“With all of the new condos in that area, it is better for the new residents to be riding that choo choo”

How about using their god-given legs to walk that freakin’ mile?
Peckhammer says:

December 8, 2007 at 4:27 pm

“With all of the new condos in that area, it is better for the new residents to be riding that choo choo”

How about using their god-given legs to walk that freakin’ mile?
Mark W says:

December 9, 2007 at 1:43 am

I don’t get the “better than driving their own cars” reasoning either. Most folks wouldn’t be traveling the full 1.3 miles, and if they drove, they’d stop about a quarter mile early to pay $10 to park their car behind 6th Ave Inn. I walk much of the route pretty regular, mostly easy walking other than the DONT WALK lights don’t match my stride.

The city is fussing over carbon footprints for new downtown construction and fretting about not getting another million or two from Vulcan for subsidized house. Then it turns around and builds a $51 million line/bike trap, agrees to operate it for $2 mill/year. An electic bus dolled up to look like a trolley (to help SLUers avoid a “bus” experience) could have been deployed for a lot less money, and with a much smaller carbon footprint during construction.

But S.L.U.B. doesn’t work as well as an acronym, I suppose.
Mark W says:

December 8, 2007 at 5:43 pm

I don’t get the “better than driving their own cars” reasoning either. Most folks wouldn’t be traveling the full 1.3 miles, and if they drove, they’d stop about a quarter mile early to pay $10 to park their car behind 6th Ave Inn. I walk much of the route pretty regular, mostly easy walking other than the DONT WALK lights don’t match my stride.

The city is fussing over carbon footprints for new downtown construction and fretting about not getting another million or two from Vulcan for subsidized house. Then it turns around and builds a $51 million line/bike trap, agrees to operate it for $2 mill/year. An electic bus dolled up to look like a trolley (to help SLUers avoid a “bus” experience) could have been deployed for a lot less money, and with a much smaller carbon footprint during construction.

But S.L.U.B. doesn’t work as well as an acronym, I suppose.
Mark W says:

December 9, 2007 at 2:03 am

Re “Note that I find it disingenuous when listing agents include photos of the roof deck view.”

The “story”-ad in today’s Times New Homes section for Olive 8 mentioned its views several times and included a view shot that looked as if it were taken from the upper floors of the Qwest building. Given the existing buildings and new construction across the street, I’m curious how many units will have views anything even remotely like the one they pictured.
Mark W says:

December 8, 2007 at 6:03 pm

Re “Note that I find it disingenuous when listing agents include photos of the roof deck view.”

The “story”-ad in today’s Times New Homes section for Olive 8 mentioned its views several times and included a view shot that looked as if it were taken from the upper floors of the Qwest building. Given the existing buildings and new construction across the street, I’m curious how many units will have views anything even remotely like the one they pictured.
newbuyer says:

December 9, 2007 at 4:59 pm

RE: “How about using their god-given legs to walk that freakin mile?”

They will most likely do that, too. However, in bad weather especially, I am sure the streetcar will be utilized. If you are like myself, I would rather take the streetcar to work rather than showing up looking all disheveled to start my day. On my way home however, I would opt to walk the mile.
newbuyer says:

December 9, 2007 at 8:59 am

RE: “How about using their god-given legs to walk that freakin’ mile?”

They will most likely do that, too. However, in bad weather especially, I am sure the streetcar will be utilized. If you are like myself, I would rather take the streetcar to work rather than showing up looking all disheveled to start my day. On my way home however, I would opt to walk the mile.
Dunno says:

December 10, 2007 at 1:47 am

Seems one of the main points of the SLUT is to get people (tourists, weekenders, downtowners) to come try the businesses and sights in SLU. In that respect I think it will succeed. I plan on using the tram especially in the summer to check out the new park. There are a few resturants in SLU (Daniel’s, I love sushi, Chandler’s Crabhouse) that I will likely go more often because of the tram. I agree that it is not the best use of public funds and wish that Vulcan had picked up the tab. However, I think it will bring more “character” to the city and plan on enjoying what we already paid for.
Dunno says:

December 9, 2007 at 5:47 pm

Seems one of the main points of the SLUT is to get people (tourists, weekenders, downtowners) to come try the businesses and sights in SLU. In that respect I think it will succeed. I plan on using the tram especially in the summer to check out the new park. There are a few resturants in SLU (Daniel’s, I love sushi, Chandler’s Crabhouse) that I will likely go more often because of the tram. I agree that it is not the best use of public funds and wish that Vulcan had picked up the tab. However, I think it will bring more “character” to the city and plan on enjoying what we already paid for.
mattgoyer says:

December 10, 2007 at 8:00 pm

I should have complained about this when I posted 1611. But what is up with that dining room table and screen? It just does not fit in. Worst $2 million staging yet!
Matt says:

December 10, 2007 at 12:00 pm

I should have complained about this when I posted 1611. But what is up with that dining room table and screen? It just does not fit in. Worst $2 million staging yet!
Kelly says:

December 10, 2007 at 10:54 pm

That is pretty funny, I don’t think any piece of furniture could have gone as well with the modern staircase!
Kelly says:

December 10, 2007 at 2:54 pm

That is pretty funny, I don’t think any piece of furniture could have gone as well with the modern staircase!
newbuyer says:

December 11, 2007 at 12:39 am

agree with Dunno’s comments. It will definitely be utilized by tourists. The Lake Union area will be a fun place to visit and what better way of getting there than the streetcar? My excitement builds.
newbuyer says:

December 10, 2007 at 4:39 pm

agree with Dunno’s comments. It will definitely be utilized by tourists. The Lake Union area will be a fun place to visit and what better way of getting there than the streetcar? My excitement builds.
jcricket says:

December 11, 2007 at 4:46 pm

No mass transit “system” achieves its goals with a single line. I wish Seattlites would freaking grow up and understand we’ve got to keep building the mass transit (I wish for more light rail, personally, because the SLUT gets caught in traffic, just like buses) if we want it to succeed.

We’re dense enough, especially within Seattle and North/South to support something that ends up with the multiple lines like the NYC subway or DC Metro. Maybe not that extensive, but the idea that we can’t support mass transit because we don’t have it is ludicrous.
jcricket says:

December 11, 2007 at 8:46 am

No mass transit “system” achieves its goals with a single line. I wish Seattlites would freaking grow up and understand we’ve got to keep building the mass transit (I wish for more light rail, personally, because the SLUT gets caught in traffic, just like buses) if we want it to succeed.

We’re dense enough, especially within Seattle and North/South to support something that ends up with the multiple lines like the NYC subway or DC Metro. Maybe not that extensive, but the idea that we can’t support mass transit because we don’t have it is ludicrous.
Peckham says:

December 12, 2007 at 2:21 am

“No mass transit system achieves its goals with a single line.”

A successful mass transit system is not rocket surgery, unless Vulcan is involved. See failed monorail system for recent example.

Mass transit is textbook simple: Start with a feeder line that connect two important places and build out as needed.

For example, connect Northgate with the airport, not Ballard with West Seattle, or West Lake Center with Fred Hutch (which is within walking distance).
Peckham says:

December 11, 2007 at 6:21 pm

“No mass transit “system” achieves its goals with a single line.”

A successful mass transit system is not rocket surgery, unless Vulcan is involved. See failed monorail system for recent example.

Mass transit is textbook simple: Start with a feeder line that connect two important places and build out as needed.

For example, connect Northgate with the airport, not Ballard with West Seattle, or West Lake Center with Fred Hutch (which is within walking distance).
mhays says:

December 13, 2007 at 5:15 pm

Each line helps the other lines. A line that might be marginal on its own can be very successful if it’s part of a network.
mhays says:

December 13, 2007 at 9:15 am

Each line helps the other lines. A line that might be marginal on its own can be very successful if it’s part of a network.

MLS Watch: Price cuts at Bellagio, 2 million in Madison

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