Views for DAYS! Spacious Capitol Hill Condo

Spacious, Stylish and Views FOR DAYS!

This Capitol Hill condo is ideally designed for the way we live today.  Boasting well over 1,000 square feet, this condo has an open concept and generously sized living. dining and kitchen area.  While maintaining the open concept, you still can have distinct spaces for living and for dining. The rare REAL dining room makes this home prime for dinner parties and game nights.  

Can we talk about these giant windows and sweeping views!?!?!?!

Not only is this home spacious with enviable views, it is also recently updated.  Lots of smart home features such as Nest thermostat, Lutron smart switches and a smart lock on the front door.  We also have engineered hardwood floors, new kitchen counters, and both bathrooms are fully remodeled and updated.  

There is tons more to love about this condo.  You have TWO parking spots and off-street guest parking.  A gas fireplace for winter evenings and a private patio for summer afternoons.  Walk-in closets in both bedrooms and an extra storage unit in the garage.  

Matterport 3D Tour here

Home Features and Recent Upgrades –

  • Smart lock and Nest thermostat
  • All new hardwood and tile flooring
  • Complete remodel of both bathrooms
  • Lutron smart switches 
  • Touchless sink faucet
  • New kitchen countertops and garbage disposal

 

“Why I LOVE Living Here”
  • 2 garage parking spots AND guest parking – so needed since street parking is so tough on the Hill
  • All the space.  The condo is BIG and we always had enough room to have our own space or invite over lots of friends
  • No neighbors to the left or the right!  We loved no shared walls
  • The large closets provided more than enough storage for all our stuff
  • Did we mention the views?!?!??!
  • Quick walk up to Broadway or Pike/Pine, and an easy walk to downtown.  Close to everything but tucked away on a sleepy street.

Watch the Video HERE.

The Fine Print:

– 1,170 square feet

– 2 beds/1.75 baths

– $923 HOA dues

– 2020 annual taxes $5,786

– 2 garage parking spots

– Listed at $590,000

Seattle Real Estate Trends – Episode 31 – 9/11/20

We did not get the landslide of new listing this week and I had expected we would.   We saw 7 more houses come on the market this week compared to last week, and 9 fewer condos. The total number of houses and condos available for sale has climbed again this week.

 

The data:

Other interesting thing to note is that we have 969 condos for sale.  The last time we had this many condos for sale was 2011.  Oye!  We still don’t see as many condos in the 90+ days on market as we did last year, so at least over inventory is turning over in a reasonable amount of time. We may still have a few more weeks of increasing number of total properties for sale before the seasonal slowing starts.

Watch the video here

Nestled in Newcastle

Peaceful and quiet, with your own entrance and yard space.

Located in heart of Newcastle this beautiful corner 1 Bedroom, 1 bathroom boasts engineered hardwood floors throughout, stainless steel appliances, granite countertop in kitchen, quartz countertop with dual sinks in bathroom, fresh paint, and a walk in closet.  Open sight lines with a cozy fireplace.  Outdoor entry.  Very quiet, private location with a large patio and small yard/grass out front.  Individual garage plus plenty of storage. 

 

Great east side location. Walk to restaurants, shops, groceries, bank, & library. Steps to public transportation. Easy access to I-405, I-90. Lots of recreations close by including Lake Boren Park, Cougar Mtn hiking trails, Newcastle Golf Course, dog park, YMCA. Community features include clubhouse, exercise room, & athletic court. Minutes to Bellevue, Issaquah, and Renton.

Matterport 3D Tour here

Recent Upgrades –

  • New engineered hardwood floors (2018)
  • New quartz countertop (2019)
  • New dual undermount sinks & fixtures in bathroom (2019)
  • Fresh paint throughout (2020)
  • Stainless steel appliances (2014)
  • Granite countertop in kitchen (2014)
  • Soft close cabinets/drawers in kitchen & bathroom (cabinetry updated in 2014)

Home Features:

  • Outdoor entry and ground floor, end unit.  
  • Individual (Private) 1 car garage
  • Cozy wood burning fireplace
  • Large patio off of living room with small yard/grass out front
  • Plenty of storage: Storage closet off of patio plus storage unit in storage room

 

“Why I LOVE Living Here”

The home is an end unit set back from the street so it is so quiet here. I only share a wall with one neighbor who is above me. The home feels very open which is great for entertaining and has upgrades throughout. I think my favorite things about the home is the updated quartz counter top with dual under mount sinks & fixtures in the bathroom, the spacious walk-in closet, and engineered hardwood floors.  

It has a large patio and small yard off the living room.  I particularly like how the garages separate the front patio area from the parking lot which makes it private and peaceful.  The home stays nice and cool in the hot summer months. I never have to use AC or a fan. It’s on the ground floor and has an outside entry with no halls to go down or stairs to climb which is super convenient. I love having my own garage so there’s no scraping ice off the car windows in the wintertime! There is also storage for days!

It’s a great community, just a quick walk to all that Newcastle has to offer: shops, grocery store, drug stores, UPS, Starbucks, dry cleaner, and restaurants. It makes running errands a breeze! 

 

Watch the Video HERE.

The Fine Print:

  • Listed at $285,000
  • 1 bedrooms, 1 bathroom
  • NWMLS #1666971
  • 705 square feet
  • $316 HOA dues
  • 2020 annual taxes $2,957
  • One car individual garage

Seattle Housing Market Update – September 2020

HOLY SMOKES!  I did NOT see this coming.

 

Houses hit a new record high price.

For all of 2015, 2016 and 2017, each month I kept saying “it is another record high price for Seattle houses”.  And then in 2018, prices took a steep drop, and we have stayed under peak pricing since.  Until now.  The median sales price for a single family house in the City of Seattle is now $817,000.  That breaks the peak price of $802,000 in May 2018.

What is driving this crazy price increase?  Three things:

  1. People want BIGGER houses and bigger lots.   Until COVID, we had continue to see a buyer preference for smaller homes in more dense and walkable neighborhoods.  But with all this extra time at home, buyer demand has shifted to wanting more rooms and more outdoor space.
  2. Low inventory.   With new construction being put on a 3 month delay due to COVID and the outrageously expensive cost of goods and lack of skilled labor, new homes are not being completed as expected.  And folks don’t really want move in the middle of all this, and they don’t want to have to be buyers in this competitive market, so we have some would-be sellers opting to stay in their home instead of sell.
  3. Crazy low interest rates.  Money has never been this cheap in my lifetime, and it is helping prop up buyers spending power so they can afford these rapidly rising prices.

Let’s look at all the data:

Prices are up across the board.  Condos are still below their peak price, but this is the highest the condo price has been since October 2018.   

Let’s talk about condos:

Condos sold for an average of 103% of list price?!!?!?!   Haven’t I been telling you all year how soft the condo market is, and how hard it is to sell a condo?   Well, that still rings true if you have a small condo, or a condo close to downtown.  What happened this month was REALLY unusual in 2 ways:

  1. One condo sold for $6M, one for $5.25M, one for $2.7M and one for $2.5M.  That really skews pricing when we only had 235 condos sell.
  2. And the condos that did sell were HUGE!  Over the past 3 years, really consistently, the average size of sold condos is 950 square feet. This month it was 1,536 square feet!!!  We also had a disproportionately high number of 3 bedroom condos sell (8% of all condos compared to a typical 5%) and 10% decline in the number of studios and one bedroom condos that sold.

Let’s talk about houses:

Not only did the median sales price jump up $37,000 in one month, we also saw the AVERAGE sales price jump $51,000 compared to last month.  That is a prime indicator that not only are houses getting more expensive, but the bigger and more expensive houses are selling at a high rate than normal.  Seattle had 47 homes priced over $2M sell in August,  and 25 of those were over $3M.   We saw a lot more houses sell this year than last year, but that is likely due to the delay COVID caused in the usual Spring rush.  Faster faster, homes sold in just 16 days and are still selling for 102% of list price.   Although things do seem to be slowing down.  The popularity of the offer review date continues to decline week over week.  Speaking of decline, this was the first week since mid February that we saw a decline in total number of homes for sale.   More signs of us starting to wind down the peak home buying season.

 

* Pending* Ballard Beauty

Modern and comfortable.  Centrally located with no shared walls.  This Ballard home is exactly what you have been looking for!

  Tucked in the middle of the block, surrounded by tall trees and lush greenery, it will feel so good to call this home.  The 20 foot ceilings make the space feel open and expansive, and all the windows invite in so much wonderful natural light. The main level is the perfect open concept.  Polished concrete floors throughout, gas fireplace and remote controlled shades.   The recently remodeled kitchen boasts stainless appliances, a gas range and oven and marble counter-tops.

  This home has a great outdoor space  French doors lead you from the living room out to the private and fully fenced yard.  The patio has automatic photocell lights, a storage shed and low maintenance synthetic grass for your furry friends.  

  Upstairs is an oversized bedroom, with ample room for a King-sized bed and more.  The bathroom upstairs has marble counters, a deep soaking tub and a walk-in closet.  The perfect place to retreat to and relax.

 

 

Matterport 3D tour here.

Getting Around 

  • 93 Walk-Score
  • 54 Transit Score
  • 93 Bike Score
  • Half mile to Downtown Ballard
  • 3 miles to Golden Gardens Park (and dog park!)
  • 5 miles to downtown Seattle

Watch the Video Here

The Fine Print:

  • Listed at $675,000
  • Over review date = Tuesday Sept 8th
  • 2 bedrooms, 1.75 bathrooms
  • 900 square feet
  • 1,350 square foot lot
  • 2020 annual taxes $5,628
  • One car off-street parking
  • NWMLS #1655576

Virtual Open House on Facebook at Sunday, September 6th and 10am