Solo Lofts Cancelling Pre-sale Contracts - another one bites the dust, sadly
Housing Bubble in Seattle? Not according to our Chief Economist

Condo Review – Avenue One Condominiums in Belltown

Avenue One Condominiums in Belltown
2721 1st Ave
2721_1st_ave_012721_1st_ave_02

This month we are focusing on doing more Condo Reviews and as always, I try to be impartial and neutral with my Condo Reviews so our readers, who either might be considering buying or those considering selling,  will be able use this information to help them in their decision making process.

Avenue One Condominiums was built in 2005 and sits on the quieter north end of Belltown, close to both the amenities of Belltown and Lower Queen Anne as well as the Seattle Waterfront and the SAM Sculpture Park. The building was built by the developer Intracorp, who also built the neighboring Parc Condominiums. It’s a nice middle to upper-end condo building and the units were not built with ultra-high-end finishes, it tends to have affordable price points and a design aesthetic that is a mix of traditional and modern.

To see a video of an example of an actual unit at Avenue One Condominiums click here.

The stats:

  • 120 units – studio, one and two bedrooms ranging in size from 435 sqft to a 1,338 sqft
  • Built in 2005
  • 13 stories
  • All units have at least 1 parking space and all condos have a storage unit
  • 4 units have sold in the last 6 months ranging in price from $265,000 to $640,000; at the time of this post there is 1 unit pending listed at $429,950 and one active unit on the market listed for $799,950
  • HOA dues include: garbage, water, sewer, natural gas, building maintenance, professional property manager, earthquake insurance
  • Amenities: Party room with terrace, gym, guest suite, concierge staff, roof top view deck

The pros:

  • The location is ideal if you are looking to be in the city and close to the amenities that the city offers but also want a quieter energy at night
  • It is still new enough that the finishes are still modern
  • Concrete and steel construction makes for quieter interior spaces
  • Building has a nice assortment of amenities
  • There is a coffee shop in the building which is convenient
  • Many units on the north and west sides have large views of the Puget Sound and mountains

The cons:

  • The deck sizes are a bit on the smaller size, but most units do at least have a small deck
  • Many of the units have carpet in the living space still, which is usually not the current desire of buyers in today’s market
  • Lower floor western facing units have disadvantaged views due to the alley way and neighboring condo building which is very close (The Parc)
  • South facing lower floor units also have disadvantaged views due to the office building which is fairly close
  • The concierge staff is not 24 hours
  • The gym is small

2721_1st_ave_03 2721_1st_ave_21
2721_1st_ave_19 2721_1st_ave_20
2721_1st_ave_22 2721_1st_ave_24

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

Comments