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MLS Watch: Belmont Lofts now selling

By August 29, 2007

Belmont Lofts

Belmont Lofts, yet another Capitol Hill conversion, had 5 units hit the MLS today.

I really could tear into their listing photos but I’ll just leave the issue to you all and point out that my favorite photo they posted is this one:

Now their website has a choice quote on it that the bubble heads will love:

These 42 studio, one- and two-bedroom condo homes are projected to sell out in 30 days or less. Beat the crowds with a private sneak preview today! Models Open Saturday Aug 25th.

I guess they haven’t seen my more affordably priced unit languishing for 62 days.

Now I didn’t get a chance this past weekend to check the project out but one of you did and sent in your review (thanks!):

Last Sunday, my friends and I took a tour of Belmont Lofts, which is a conversion of an apartment building that suffered heavy water damage. All sidings are being replaced with vinyl. The roof will be replaced to correct water problem. The finished model units have the standard stainless steel appliances, engineered hardwood floor, and granite countertops in kitchen. The bathrooms are tiled and have Kohler toilet and sink. The bedrooms have modern ceiling fans. The west-facing 1 BR+den lofts starting a little over 400K have views of Space Needle and downtown.

Now for the scary part when we toured units and common areas that are in the process of conversion. The ceilings and walls in some units have water stains. Although the roof will be replaced, we wonder how the builder is correcting water damage on structures and insulation between units. From the looks of it, the walls and ceilings are being refinished flat and painted over (not gutted to the studs). The common deck on the west have a pool of water. This deck will be covered with brick-red tiles, which hide the pool underneath. In the common garage, water from the deck is seeping through and forms another pool. Now it wasn’t raining Sunday, so the water was from what little rain Seattle had on Saturday.

But don’t believe everything you read on the Internet, go see the project yourself and let us know what you think.

Elsewhere: Wendy blogged about this project, Belmont Lofts Update:

Overall, the quality of the finishes is slightly above average, a condo with a good location and accessible price points.

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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