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May 2014

Carbon 56 Condos are Back on the Market in South Lake Union

Carbon 56 2Carbon 56 is a condo conversion in South Lake Union that had unfortunate timing when the project was released for sale the first time in mid-2007. Months into their sales launch the recession hit and the project couldn’t sell the remaining 20 units out of the 56 total in the building.

The developer decided to keep those remaining 20 units and lease them until the market turned around.  They are now ready to reintroduce those 20 units to the market. Since the units have been rented, they are doing renovations to freshen and update them for sale. The renovations to each unit include new flooring, repainting the entire interior, replacing the baseboard molding, installing new track lighting and adding glass subway tile backsplashes in the kitchens.

Currently, of the 20 units, 8 are available to see although 5 of those are still mid-renovation. The others still have tenants living in them.

Since opening to the public on Friday, they have already received 4 offers.

Also, they are working with Union Bank, who can do loans for as little as 5% down, and with no mortgage insurance. That is a nice bonus for anyone looking for a lower down payment option.

Stats:

  • Sizes of remaining units are 660-1150 square feet
  • Pricing starts at $299,000 and goes up to $510,000
  • Built in 2004 converted in 2007
  • Open floorplans
  • Floor to ceiling windows
  • Finishes: maple cabinets, slab granite and glass subway tile
  • HOA Dues include water, sewer, garbage, heat and hot water

Living Kitchen

By Marco Kronen with Seattle Condo Review: A guide to 
Seattle downtown condos.


Condo Review – Barclay Court in Queen Anne

Barclay Court in Queen Anne
701 1st Ave N

701_1st_ave_n_02.2

Barclay Court is a 28 unit condominium building located in Lower Queen Anne just blocks from all of the amenities of the neighborhood.

The stats:

  • 28 residential units – studios, one and two bedrooms ranging in size from 498 to 1309 square feet
  • Built in 2000
  • All units have 1 parking space
  • All units have 1 storage locker
  • 3 units have sold in the last 6 months ranging in price from $202,000 to $339,900; at the time of this post there are no pending units and no active units
  • HOA dues include: garbage, water, sewer, building maintenance, professional property management, earthquake insurance
  • Amenities: Courtyard with a view of mountains and Sound

The pros:

  • The location is within blocks to restaurants, cafes, services, grocery store, and the events and amenities at Seattle Center
  • Directly next to a park
  • All of the units have fireplaces
  • The interiors are modern feeling
  • Great full swing opening windows
  • Many units have large private patios
  • Washer and dryers in each unit

The cons:

  • Wood frame construction can mean you hear your neighbors more than in concrete and steel construction
  • Built prior to stainless steel appliances so some buyers find that they want to replace the appliances

Click here to see an example of a unit in Barclay Court.

701_1st_ave_n_18 701_1st_ave_n_20
By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.


New Construction Condo Options in Seattle

CranesRecently we have been hearing from our clients and readers who are wanting to upgrade their condo living by selling their current condo and buying something new. However, they are somewhat confused as to why they are having a hard time finding new construction condo options with all the cranes and construction they see in Seattle.

Well, perfect subject for a blog post.  Let me help you out if you are looking for a new construction pre-sale condo option and provide a few tips and things to keep in mind.

The options: there are only three!  Despite all the cranes, road closures, detours, and construction around town, the vast majority of what you see in our city are either office buildings, rental apartment buildings, or are related to work on the new tunnel and removal of the viaduct and phase two of the Mercer mess traffic project.  There are only three new construction pre-sale condo options to choose from that are under construction and where you might have a chance to pick your interior color schemes, etc.

Continue reading "New Construction Condo Options in Seattle" »