What Does $425,000 Buy in Seattle?

According to the most recent statistics, the average sold price of a home in the City of Seattle was $439,000 in July.  That is up 12% from July of 2012 where the average sold price was $392,000.  So what does it really look like to buy a “average” home in Seattle?

Let’s assume you are going to buy a $425,000 home.  The rough figures look like this:

$85,000 down payment (20%)

$340,000 loan for 30 years at 4.75% interest = $1,775 monthly payment.

Here are some options that Seattle currently has to offer for the “average” home price:

Crown Hill Brick House:

Brick House Greenwood

This Crown Hill cutie has 3 bedrooms, 1.75 baths and 1,730 square feet.  It has a large backyard and is just blocks to beautiful Carkeek Park.  It has a walk score of 55.  Click here for more details.

Belltown Condo With Stunning Views:

Mosler Lofts

This corner unit condo is a one bedroom, one bath with 772 square feet of living space.   The Mosler Lofts building offers a concierge, a fitness center and a rooftop deck with breathtaking views.  With a walk score of 94, it is easy to leave the car behind and explore all the city has to offer.  Click here for more details.

Fremont Townhouse:

Townhouse

This three story townhouse is located in Fremont, the self proclaimed “Center of the Universe”.  It has 3 bedrooms, 1.75 baths and 1.156 square feet.  Built in 2006, it has an open concept kitchen/living for ease of entertaining.  With a walk score of 78, it is easy to run errands and find a place to eat nearby.  Click here for more details.

Greenlake Fixer:

Greenlake Fixer

The value of this home is in the location!  This 3 bedroom, 2.5 bath home is just two blocks from Greenlake and has great freeway access.  Built in 1980, it has plenty of room to improve the value with updating.  Click here for more details.

Four very different choices for the money.  If this was an episode of “House Hunters”, and I had to pick one of the above homes, I would pick the condo.  But I’m a sucker for a great location and an amazing view.