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Holy Homeowners Dues…

By November 8, 2012

Condos, HOA, Lumen, Queen Anne

A cool penthouse unit at the Lumen that has seen its price ride the roller coaster of the market is available for $699,000.

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

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 whether this 2,120 sq ft unit next to the Seattle Center is worth the price, you would have to consider the homeowners dues.

The listing says the HOA dues are $1,641 a month. (That’s more than the monthly mortgage payment on a $450,000 home with 20% down).

Money aside, the penthouse looks pretty sweet with its 12-ft ceilings framing the modern design. There are 3 bedrooms, 2.75 baths, a private patio, a chef’s kitchen with top-end appliances, 3 parking spaces, and 4 storage lockers.

It’s hard to judge from the listing photos whether there’s much of a view from the unit itself. Location wise, you would live in the same building as a QFC, be just blocks from the great restaurants, shops, and entertainment of Lower Queen Anne and have easy access to I-5 and Highway 99.