Condo Auctions - Bad sign for Seattle Real Estate

Housing market is not looking to good for Seattle. For the least few months it looked like Seattle might actually be the exception but no such luck. Auctions are popping up all over Seattle, condos once listed at half a million now going for auction at a starting bid of $185,000. Which is bad news for developers but great news for those hording a half a million dollars cash. But seriously who has a half a million just laying around.

Here are two auctions happening this weekend.

Press Condos located on Pine and Belmont
http://www.presscondos.com/auction.html

Parc Belltown
Contact The Parc Sales Team at 206.256.0181 or info@parcbelltown.com for more information.


Get Blog Updates By Email
Add Me On Facebook - Twitter - Myspace - Linkedin - Visit Emerson Salon

Brand New Affordable Condos on Capitol Hill

I love the new condo project "MODE" on Capitol Hill. It is a part of the new affordable urban condo movement. With condos starting at 219,950 for a one bedroom and running up to around $350,000 for a 2 bedroom. Great for a first time home buyer who wants to live in the city.

Check them at 752 Bellevue Ave E. - Seattle, WA 98102

Brand New Condo Conversion In Magnolia

$425,000
2 Bedroom/1.7 Bath Condos
Click on the flyer for more information

More Information Available Here
3439 23rd Ave W
Seattle, Wa 98199

Alternative To Living In Seattle: 1 Bedroom Townhome In Renton $238k

Unit C 214 S 48th St Renton 98055 Talbot Hill
List Price $238,000
Listing# 28048827
County King
Beds 1 / Baths 1 / Fireplaces 1
Year Built 2004
Parking 1 Individual Garage, Uncovered
Community - Talbot Hill
Appx. SQFT 979
(listed by Jeffrey Albrecht YourSeattleHomeTeam.com)

A very large one bedroom in a gated community. 979 square feet with an attached garage, and patio off the living room. Double vanity in the bathroom, gas fireplace and range, huge walk in closet. The site features a rec. center, exercise room, and sports court. Easy commute to 167 and 405.

If you would like to view this listing you can contact your Realtor, the Listing Agent or you can contact Me.

McKean - Vintage Condos on Queen Anne

Vintage Condos Opening in Queen Anne

Historical Queen Anne gets another taste of vintage condos, with the grand opening of McKean Condominiums Thursday, April 3rd, from 6 pm to 8 pm. Sunset will be at approximately 7:43 pm, and wine and hors d’oeuvres will be served courtesy of Emerald Cove Catering.

McKean features only eight one-bedroom homes encased in an original 1929 brick exterior, priced from the mid $300’s to the mid $400’s*. While the building has been re-wired, re-insulated and re-plumbed, the 762 square foot homes feature authentic original hardwood floors and window frames, as well as the original hex-tile bathroom flooring and refinished cast-iron tubs.

Open Weekends Starting April 5th
Saturday & Sunday 12pm - 6pm
1404 Olympic Way West - Queen Anne | MLS# 28053213
www.McKeanCondos.com

Condo Conversion Legislation Passes Senate

SEATTLE PRESS RELEASE

Councilmembers Tom Rasmussen and Richard J. McIver expressed delight today that the Washington State Senate passed a new law to help renters whose apartments are converted to condominiums. Councilmember Rasmussen, who has worked on the issue for three years, said, “Seattle is experiencing unprecedented loss of apartments and displacement of renters due to conversion of apartments to condominiums. The Legislature has recognized this crisis and given local government greater ability to help low income renters who must move.” Now the Washington State House of Representatives, which earlier passed a slightly different version of the law, must pass a concurring bill before the close of this year’s legislative session. Councilmember Rasmussen said, “We encourage the House to take quick action to concur with the Senate version of this bill.” Councilmember McIver, chair of the Housing and Economic Development Committee, said, “These are much needed, very important protections for tenants.” The new legislation, Substitute House Bill 2014, will strengthen the ability of local jurisdictions to help low-income renters with the costs of moving. Under the old law, low-income renters received $500. Under the new law, local governments set the amount of relocation assistance that property owners/developers are required to provide that can now be up to three times a tenant’s current monthly rent. Councilmember McIver said, “It’s imperative that the City Council take action as quickly as possible to determine what the actual amount of tenant relocation assistance will be.” The new law will increase the notice of impending conversions from the current 90 days to 120 days. In addition, the new law will prohibit conversion construction until all tenants have vacated the property. In Seattle, over 5,900 apartments have been converted to condominiums since 2004. Seattle has experienced a net loss in rental housing during the last several years.

Councilmember Rasmussen first learned of Seattle’s condo conversion crisis when he was contacted by Capitol Hill resident and noted author Carole Glickfeld three years ago. Glickfeld said, “Councilmember Rasmussen was the first public official who really went to bat over this issue. I really appreciate his efforts over the last three years. This is more proof that when Seattleites need help, they can count on city government to respond.”

Councilmember Rasmussen thanked the legislation’s sponsors in Olympia including Seattle’s own State Senator Jeanne Kohl-Welles and Senate Consumer Protection and Housing committee chair, Senator Brian Weinstein as well as Senators Darlene Fairley and Ken Jacobsen who were early supporters of this legislation. Councilmember Rasmussen said, “I am very pleased that state and local public officials were able to come together and take action on behalf of renters who need our help.”

New Condo Conversion on Capitol Hill

Seventeen07 is here





Located at 1707 Boylston Ave
Prices range from about 189k to 369k depending on square footage and what floor your on. It's an older building but the units are bigger then what you normally find in a brand new building for the same price.

The most unique thing about this building was a full service dog grooming area in the basement with doggy shower.

Worth checking out if your looking to buy a condo on Capitol Hill

One Bedroom First Hill Condo Close To Downtown

Click For Larger Images




Pictures of Building Lobby, Entertainment Room, Meeting Room & Fitness Center




412 11th Ave Seattle 98122 (unit 403) First Hill

List Price $295,000
Listing# 27139707
Beds 1 / Baths 1
Year Built 2002
Parking 1 Common Garage
Project Epic Condominiums
Appx. SQFT 712
(listed by JB Webster)

A bright and clean upper level one-bedroom unit with a nice balcony in a newer building recently converted to condos and loaded with special site features. Close to Freeway, Capitol Hill and Downtown

If you would like to view this condo you can contact your agent, Me or JB Webster

Newly Refinished 1 Bedroom Condo (Beacon Hill)

Click For Larger Image






2810 16th Ave S Seattle 98144 (Unit 204) Beacon Hill

List Price $259,950
Listing# 27187080
Beds 1 / Baths 1
Year Built 1930
Appx. SQFT 723
(listed by Rosemary Pham)

Great opportunity to own a newly refinished condo. One of the few classic brick buildings left in the heart of Beacon Hill! The interiors are impeccably retouched while maintaining all of their old world charm. Spacious and light filled, this corner unit has new appliances, refinished hardwoods, coved ceilings, original woodwork, and fun built-ins! Located across the street from future Light Rail, next to the Beacon Library and within minutes of downtown, I-5, I-90, 99. Stop by today!

If you would like to view this condo you can contact your agent, Me or Rosemary Pham

Condos on First Hill

From $239,950
120 14th Ave Seattle WA 98122
MLS# 27155378
16 Unique Updated
1 Bedroom/1 Bath Condo's
In Desirable First Hill
Offered At A Great Price

Located on the eastern edge of First Hill, this 16-unit complex possesses location and appeal. The building is close to I-90 and I-5, walking distance to Seattle University, Broadway, Downtown Seattle and Swedish Medical Center.

In the past 2 years the building has been updated with mechanical, plumbing, electrical upgrades, and installation of washers & dryers. The center courtyard has been landscaped into an English garden, accented with plants and ironwork throughout.

Each unit is distinctive and individually designed. The condo features may include; Italian porcelain-tile floors and countertops in the bathrooms and kitchens; hardwoods, carpet and tile flooring throughout; newer cabinets, walk-in closets, designer interior paint, efficient heating and lighting, newer water heaters and stackable washer/dryer in each unit. The newer double pane windows allow an abundance of natural light.

****BUYER BONUS****
YOUR PAYMENT/YOUR CHOICE

1. Choose a Super Low Initial Monthly Payment at 4.250%
2. Choose a Super Low 5.875% *30 Year Fixed Rate & Pay No Closing Costs
3. Choose Your First YEAR With No Homeowners Dues & No Closing Costs!

If you could like to view these feel free to contact me (email) or Tom Bates

Capitol Hill Studio under $200,000

#N208- 211 Summit Ave E Seattle/Capitol Hill
Listing 27164199
List Price $194,950
Baths 1 / Fireplaces 1
Year Built 1984
Appx. SQFT 383
Listed by James Tjoa
James Tjoa & Associates at RE/MAX
t. 206.726.6230





Condo Description: Immaculate studio condo in the heart of vibrant Capitol Hill. Features include a wood-burning fireplace, in-unit washer/dryer, murphy bed, and a private deck with pleasant treed outlook. This well-mantained building offers a gated entry, serene landscaped courtyard, and a contemporary lobby. Central location within walking distance of all neighborhood amenities, entertainment, and recreation. Secure parking space and ample storage throughout.

If you would like to view this unit you may contact James or send me an email

New Condo Conversion in Ballard

Mark Loucks of JohnLScott sent me this flyer on a great Condo Conversion in Ballard. Click on the image below to view the flyer.






To view this condo feel free to contact Me or Mark