Keller Williams Greater Seattle

Residences at Fifth Avenue North

5thAve.jpgFifth Avenue North is a conversion project just up the street from the Lumen on the lower SE side of Queen Anne. From the developer’s website – “These luxury condominiums and townhomes feature new paint, choice of designer carpet and porcelain tile, and in-unit washers and dryers. Walk to the Seattle Opera House, Intiman Theater, eclectic shops, late-night espresso bars and some of the best nightlife in the city! Few other places can offer such exceptional urban living, a cosmopolitan lifestyle and the majestic view of The Residences at Fifth Avenue North”.

After touring a number of units today, I think there’s a bit of marketing enrichment in the above statement. True, they are in a decent location, close to the Seattle Center and an easy commute to downtown. And, there’s a Caffe Vita right across the street. Plus, the two-story townhomes have an interior and street entrances. I think it’s great that you can walk out the front door to a little landing. It makes it feel like a home rather than a condo.

That said, it’s sort of a quasi conversion. It is a conversion in the sense that it’s converting from an apartment building to a condominium, true enough. However, the pricing reflects the units “as is” — basically you’d be purchasing the apartment. Worn carpeting from the previous tenants, old cabinets and countertops (with the laminate peeling), used appliances and so forth. Upgrades – new flooring, cabinets, countertops, etc, are extra! Normally, when converting an apartment to a condominium, the developer guts and renovates the units. So, for units starting around $300,000 (current allotment), it’s a lot to pay.

Of the current allotment, there are six available one- and two- bedrooms units. Another 20 are reserved for future release as tenants are still in the process of moving out.

>> View Available Units for Sale



About the Author

About the Author: Ben Kakimoto is a condo marketing specialist and publisher of The Seattle Condo Blog. Ben's focus is urban residential properties in Seattle's metropolitan core. Contact Ben to learn more about the Seattle condo and loft real estate market. Find Ben on Google+, Twitter and Facebook. .


If you enjoyed this article, subscribe now to receive more just like it.

Post a Comment

Your email address will not be published. Required fields are marked *