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May 2019

New Condominiums in Queen Anne - 210 Comstock

Another new boutique condo building has hit the market. This one is is called 210 Comstock and is located in Queen Anne just one block from Kerry Park.

210 ComstockDETAILS:

  • 8 luxury homes
  • 6 stories
  • Ranging in size from 735 to 1,718 square feet
  • One block from Kerry Park
  • Private elevator access
  • Controlled access parking - 1 parking space per home with electric car charging
  • Expansive views from homes on floors 3 through 6
  • Floor to ceiling windows
  • Smart floorplans
  • Large decks and patios
  • Most plans have an office/den space
  • Rooftop community deck
  • Sophisticated finishes:
    • Thermador appliance package
    • Quartz counters with waterfall edge
    • Hardwood floors throughout
    • High end smooth wall finish
    • Clear cedar tongue and groove ceilings in the main living area
    • Gas fireplace with hand finished plaster surround
    • Bathrooms with floor to ceiling tile and heated floors
    • Built-in speaker system
    • Air conditioning
    • LED lighting throughout with Lutron dimmers
    • Pre-wired for automated blinds (in selected locations)

Sales were officially launched on the multiple listing service on May 1st and there is already one condo sold and closed and 3 pending, leaving only 4 still available.

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


New Progressive State Real Estate Excise Tax Will Significantly Affect Sellers of $1.5M+ Properties

Washington State lawmakers passed a bill that will implement a graduated Real Estate Excise Tax (REET), which will go into effect on January 1, 2020. What does that new graduated REET mean to you?

Currently, the state taxes property sales at a single rate of 1.28%, which is typically accompanied by an additional county tax. In King, Pierce and Snohomish counties, the additional county tax is 0.5%, making the total excise tax owed on a property sale in those counties 1.78%. Now the state REET will be progressive and based on the sales price of your property. Real Estate excise taxes are paid by the seller of a property in our state.

Here is how the current real estate excise tax compares to what is coming:
New REET Graphs 4.30.2019

Here are some examples of what tax amounts would be due at the current vs. the new tax rates at the different price breaks:
New Price REET Graphs 4.30.2019

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