NOTE: The auction has been rescheduled for Saturday, December 12, 2009.
TeamBuilder JLS has just announced the auction of 36 Seattle area condo properties, located in North Seattle and Capitol Hill, on December 5, 2009. The auction includes studio, one-bedroom and two-bedroom units at Avaview Condominium, Sunrise on the Lake and The Summit. All three properties are conversions.
Avaview Condominium – 9056 Mary Avenue NW
Six of the 11 homes at Avaview will be sold at the auction. Located in Seattle’s Crown Hill neighborhood, Avaview offers one and two-bedroom homes ranging in size from 646 to 738 square feet. Interiors feature stainless steel appliances, granite countertops and breakfast bars, frieze carpeting, private decks or patios and engineered hardwood flooring in kitchens and entries. Minimum bids for Avaview will begin at $150,000. View auction property info.
Sunrise on the Lake – 13426 Greenwood Avenue N
Sixteen of the 39 homes at Sunrise on the Lake will be sold at the auction. Located in Seattle’s Broadview neighborhood, Sunrise on the Lake is set on the shores of Bitter Lake. Sunrise features studio, one and two-bedroom homes ranging in size from 502 to 895 square feet. Interiors feature stainless steel appliances, hardwood flooring in kitchens and entries, natural hardwood cabinetry, slab granite countertops, and private decks with lake views. Minimum bids for Sunrise on the Lake will begin at $125,000. View auction property info.
The Summit – 900 Summit Ave E
Everything is new at this down-to-the-studs remodel. All 14 homes at this Capitol Hill boutique building will be available at auction. The one and two-bedroom homes range in size from 531 to 795 square feet and feature stainless steel appliances, hardwood flooring in kitchens and entries, solid wood cabinetry, granite countertops, private decks and controlled access entry. Minimum bids for The Summit begin at $140,000. View auction property info.
Auction Infomation
The auction will be held at 1:00 PM on Saturday, December 5, 2009 at the Sheraton Hotel in downtown Seattle, which is located at 1400 6th Avenue.
Auction buyers must pre-register no later than Thursday, December 3rd and will need to be pre-qualified through the Seller’s designated lender. Buyers may elect to use their own lender, however.
Auction website: www.SeattlePropertyAuction.com
For more information, please download the auction brochure (click on image):
November 2nd, 2009 at 3:38 pm
I toured the Summit this past weekend. Much still under construction / awaiting inspection but these units look pretty good, especially the 2-bedroom floorplan which has 2 decks (one facing the Space Needle). Any idea how much these might go for at auction?
November 4th, 2009 at 9:08 pm
Why not just priced them sharper and let them sell. Auctions carry the buyer’s premium. Am I wrong to think that if they were priced right they would of sold.
We found price is extremely important. If you are mis-priced the market that is looking at your properties are not the people that would buy them.
November 5th, 2009 at 9:23 pm
Hopefully they get sold and finished. We have a development here in Fort Worth where the developer went under half way thru and now someone else has bought up and trying to finish out the project! Hopefully that happens here as well!
December 7th, 2009 at 6:20 pm
Hasn’t happened here yet. Looks like they will move -no problem. A good out for the developer – makes for a situation where they can free up capital for other projects.