Comments for downtown seattle condos

Comment on Olive 8: Past Pricing vs. “Reset” Pricing by unbiased observer

unbiased observer — Thu, 21 Apr 2011 14:26:08 +0000

Question: Why is the owner of Olive 8 purchasing units in Olive 8 under an LLC? Correct me if I’m wrong, but I believe he is attempting to create a “market value” above what is actually demanded of the current housing market. In buying his own units at unreasonably high prices, it looks as if they’re worth that much and allows his sales team to advertise as such. So, when a buyer comes along and believes comparable units to the one they are buying were purchased at higher prices (unknown to the buyer that it was the owner of the building who purchased them), this buyer would believe his is worth that much as well. Unfortunately, as the owner of Olive 8 cannot occupy the several units he’s purchased under his LLC, he will have to resale them once more units of Olive 8 are sold. Essentially then, pulling the rug from under those individuals who bought comparable units. Unfortunately for the general public, they cannot fact check this as the buyers are listed under the MLS. It would take an agent and a simple matching of the LLC’s office location with that of the building’s owner.

Comment on What is a live/work loft in Seattle? by 2 Belltown Work-Lofts Hit The Market | UrbanCondoSpaces | Seek. Live. Urban.

Sat, 12 Mar 2011 22:37:06 +0000

[...] Seattle Savvy (What is a live/work loft in Seattle) [...]

Comment on The little condo building that cried auction. by seattlesavvy

seattlesavvy — Tue, 08 Mar 2011 23:02:32 +0000

If I had a like button here David, I’d click it. Shouldn’t have to dance around like that to simply see if a unit is worthy of spending that much money. It’s a shame.

Comment on The little condo building that cried auction. by David

David — Tue, 08 Mar 2011 18:16:36 +0000

I recently attended this event that had been advertised as a condo auction for 24 brand new homes, most of them having listed minimum bids ranging from $175,000 to $225,000. In order to register for this event you had to send them your prequalified loan information, from their preferred lenders, as well as information on which units that you were interested in bidding on. This auction had been advertised for several weeks, and a day before the auction was supposed to take place, they switched it to a buy now event with fixed prices. They would not disclose the prices until all registered participants had arrived for the day and waited for several hours for the event to start. It was revealed that the fixed prices ranged from $260,000 to $400,000. 24 units were for sale, and around 30 people had registered, meaning many of the units would have probably been sold at low prices close to the minimum bid advertised. People, who had spent countless hours and time viewing these units and gathering loan information leading up to this event, did not even have the chance to obtain a home at these prices. The entire event was unorganized and most of the people did not seem happy with the last minute changes and how they were handled. Overall, I felt like this was false advertisement to gain people’s interest and to gather loan and market information from consumers. The entire event was misleading, and a complete waste of time.

Comment on What is a live/work loft in Seattle? by Katt

Katt — Mon, 07 Feb 2011 17:30:17 +0000

As a former condo board treasurer in an association with three “I work at home” on the computer types, I can tell you that one big issue with having employees and clients trotting about the grounds to a unit is the legal liability (and where it lands) if there is an accident during work hours. One of the work-at-homes stopped having clients to his place in the winter because we had a shaded area that was incredibly prone to frost and major walking hazards in the morning. Injured parties tend to sue everything and everyone, whether there seems to be a separate entrance or not.

Comment on Klee | 2717 Western Ave by One Belltown condo building retains single-digit depreciation since 2007

One Belltown condo building retains single-digit depreciation since 2007 — Sun, 06 Feb 2011 19:25:53 +0000

[...] be mentioned based on not wanting to piss off my next door neighbors). Those 3 under 20% are the Klee, Harbour Heights and Seattle [...]

Comment on One Belltown condo building retains single-digit depreciation since 2007 by Jeff

Jeff — Sun, 06 Feb 2011 18:36:08 +0000

Great post Justin. Bellora has always been one of my favorites as well. I think the exterior is timeless and the interiors were thoughtful and well built. It is fascinating to me to see how they weathered the storm much better then some of their neighbors. Great piece. I passed it on to a friend/client of mine that lives on the 4th floor.

Comment on Klee | 2717 Western Ave by One Belltown condo building retains single-digit depreciation since 2007 — downtown seattle condos

Sun, 06 Feb 2011 02:59:49 +0000

[...] be mentioned based on not wanting to piss off my next door neighbors). Those 3 under 20% are the Klee, Harbour Heights and Seattle [...]

Comment on Capitol Hill. The new Belltown by Elise

Elise — Tue, 25 Jan 2011 06:23:45 +0000

Yes… Cap Hill is jealous

Comment on Capitol Hill. The new Belltown by seattlesavvy

seattlesavvy — Mon, 24 Jan 2011 22:21:14 +0000

somebody is jealous;)