The Seattle Condo Blog

The Parc condominium in Belltown is currently offering a pretty good rate buy-down promotion on their remaining homes. Based on the rate info they provided, the 2/1 buy-down can lower the rate down to 2.875% for the first year, then 3.875% the second year, finally locking in at 4.875% for the remaining loan term (30 year fixed).

The promotion runs for a limited time but is available to any of the remaining 20 homes that’s under contract by February 28, 2009. The buy-down rate, which is subject to change, is based on a 30 year fix loan with 10% down payment through their preferred lender, Countrywide. It does not apply to re-sale properties.

As an example, the Parc currently has a 1,237 square foot 2-bedroom unit available for $429,000. With the rate buy-down the first year’s payment would be around $1,600, excluding PMI and taxes.

Just listed – offered at $167,000 this is the best condo value in Belltown. The open layout of this South-facing urban pied-à-terre feels much larger than its 339 square feet. Sliders open out to an large deck that’s perfect for entertaining and practically doubles the living space. Inside, a sleeping alcove features partitions that close for privacy, a fully-equipped kitchen and stacked washer & dryer.

The Montreux is located in the quieter Northwest section of Belltown at 5th & Vine. The Parisian inspired complex features on-site management, a business/conference area, fitness room and a large roof top deck and BBQ area that offers awesome views of the city.

Montreux offers easy access to I-5 via Denny Way, is on major public transportation routes and is a couple of blocks from the Space Needle and Seattle Center. Residents also enjoy many quaint businesses nearby such as Uptown Espresso, Boulangerie Nantaise (French bakery), Golden Singha (Thai), the 5 Point Cafe, Tillicum Place Cafe, Zeek’s Pizza, Bambino’s, Two Bells, a grocery store and post office.

MLS#: 29004333
339 square feet
$190 HOA dues
Pet-friendly
FHA APPROVED

For more information about this unit, please contact us.

View more photos and details

Capitol Hill condo
We’ve just re-listed a fantastic Capitol Hill condo on Melrose. The top-floor North unit (only two units per floor) with direct elevator access is now being offered at just $369,000.

This unique condo is situated in a great location at the apex of downtown, South Lake Union, Pike/Pine and the Broadway district. Everything you need is just a short jaunt from your front door – work, relaxation, dining, entertainment, shops and groceries.

The price was reduced significantly to offer buyers an opportunity to pick-up this fabulous unit below market, before it hits the rental market. Click here for more info and photos.

Amazing Belltown Rental
A client of mine has an amazing lease opportunity in Belltown available. This large 638 square foot one-bedroom with parking is available for just $1,350 per month. The rental price also includes all utilities except electricity.

Site 17 is a concrete and steel building located in the heart of Belltown with its eclectic array of cafes, night life options, restaurants and retail. It’s also just blocks from the Pike Place Market and the waterfront. The building offers a club room, fitness center and roof top decks.

The property is managed by TSCB’s partner, Sound Property Management. Contact Craig or Chris at (206) 427-8762 for leasing info.

Greenwood Townhome
This unique, two-bedroom light-filled end-unit boasts 1,240 of open living space, larger than most two-bedroom townhomes on the market. Inside, you’ll find hardwood floors, bay windows, a bright kitchen with eating bar, a gas fireplace, large bedrooms, full-sized washer/dryer, garage, a second floor deck and a fully-enclosed private brick patio and garden area.

Your new home is close to Green Lake and Greenwood shops, cafes and entertainment venues. Easy community to I-5, downtown and redeveloped Northgate area. This home is being offered at $324,950. Click here for more info and photos.

HAL Real Estate Investments recently acquired a 12,960 square foot parcel just north of the Cinerama Theatre along 4th Avenue. HAL plans to construct a 400-foot residential tower on the site (either apartments or condos) that’ll contain approximately 360 units with retail on the ground floor.

According to Gabriel Grant, HAL’s Investment Manager, “Most downtown residential high rises developed in Seattle over the past few years cater to a narrow and elite demographic. With 2116 Fourth Avenue, we are going in a new direction with smaller units, lower price points, and a lower parking ratio.”

Unique to this project is will be a large scale outdoor projection movie theatre, taking a cue from Fremont’s outdoor movies and Paul Allen’s theatre next door. Interestingly, Paul Allen’s 23-story The Martin condominium project located behind the Cinerama has been on hold during the current market slow down.

Dana Behar, President of HAL Real Estate Investments states “We are very excited about the prospect of designing a new residential tower for downtown Seattle. Though recently many well designed towers have either been entitled or built, we think there is still room to bring something special and unique to downtown.”

HAL Real Estate Investments previoulsy developed the Braeburn and Concord condominiums as well as converted Site 17 and the Newmark Tower.

Illustration by Weber Thompson

So I’m at the office working on a new listing this morning when the first sign of Summer goes strolling past my window. In Seattle, when we think of Summer and Solstice, we think the Fremont Solstice Parade…which means naked bicyclists. Well, today they rode enmasse, at least several hundred of them, through the asphalt streets of Belltown in all their summery glory.

Not the best photo, but hey, it was taken through the window with a mobile phone.