Seven units of the BelBoy Condominium on Capitol Hill, the “E” and “F” Buildings (pictured above), have reduced prices and are now being sold through Intracorp Marketing & Sales.

In addition, the preferred lender, Pacific Continental Bank, is offering a $5,000 buyer bonus and a special 5% down payment financing with no mortgage insurance. The BelBoy is located on Belmont Ave between Pike & Union and is open Friday – Monday, 10 am to 6 pm.

Current pricing:

Live Historic has been instrumental in redeveloping many older properties in Seattle, though several of their other developments have endured financial difficulty – the Pittsburgh, Queens Court and the Marlborough.

The BelBoy (website) comprises five buildings arranged around a central courtyard and parking. The buildings, known as “Builders Houses”, were originally constructed between 1893 and 1902. Three of the buildings were built as double houses that were designed to appear as a single family house.

Though the properties have been updated throughout their lifetime and revitalized by Live Historic’s conversion, much of the original character and craftsmanship remain. Most of the windows (single pane, leaded glass) and trim work are original. In a few of the units the interior trim work were replaced with fairly good facsimiles of the original and some units have double pane windows. The kitchens have been updated with new appliances and countertops while the living and bedrooms have new carpeting. However, in most homes, Live Historic retained pre-conversion baseboard heaters and bathtubs.

When fully completed The BelBoy will comprise of 30 studio and one-bedroom homes. Currently, 18 homes are available for purchase in the C, E and F buildings. The units are fairly compact ranging in size from 333 to 615 square feet, with most units under 500 square feet.

C Building, 4 studios and 4 one-bedrooms – 1423 Boylston Ave
- Studios: $170,000 to $185,000; 333 – 438 square feet.
- One-bedrooms: $250,000 to $265,000; 509 – 517 square feet.

E Building, 4 studios and 1 one-bedroom – 1420 Belmont Ave
- Studios: $160,000 to $200,000; 314 – 365 square feet.
- One-bedroom: $230,000; 501 square feet.

F Building, 3 studios and 2 one-bedrooms –1424 Belmont Ave
- Studios: $200,000 to $245,000; 377 – 550 square feet.
- One-bedrooms: $235,000 to $275,000; 424 – 615 square feet.

(Listed prices as of April 2009)

A number of homes have great city views and private decks or patios. The homes do not have in-unit washer and dryers, though there are laundry appliances (one set) available in each building. Parking is available separately but are limited, the seven uncovered parking spaces are available on a first-come, first-served basis for $25,000 each. Homeowner dues run about $.55 per square foot and it is a pet-friendly community.

The BelBoy is centrally located to downtown and the hub of Capitol Hill – it’s just off of Pike between Belmont and Boylston. The BelBoy is just a short distance to downtown, a dog park, Cal Anderson Park and numerous restaurants, cafes, shopping and entertainment venues.

View available Bellboy condos for sale.