Posted by: Timothy Ellis (The Tim)

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

13 responses to “Cheapest Homes: November 2011 Edition”

  1. ChrisM

    The Creston property illustrates a question I have – in the price history there’s no record of a foreclosure, but it is listed as bank owned. At what point in the chronology did the property go back to the bank?

    Also, looking at the pictures, aren’t there setback requirements for adjoining properties? In the main photo, the neighboring property appears to be about a foot from the fence…

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  2. Scotsman

    The Delridge play house once sold for $320,000? Really? Just shoot me. Along with the realtor that listed it, the one who sold it, and the banker who approved the loan.

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  3. Matt

    Man…hard to read this when there are so many from West Seattle. Even one on my street. Double ouch. Looks like it’s still time to get comfy.

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  4. softwarengineer

    RE: Scotsman @ 3

    The Banker that Made the Loan

    Assuming it was Freddie or Fannie [like almost all loans the couple years are], the horrifying loss will be picked up by us, the taxpayers…..then after us taxpayers sink like $100s of Billions into this Freddie/Fannie Ponzi Scheme, guess what? The Freddie and Fannie upper management are all getting big $13 Million bonuses for screwing up ROYAL.

    http://www.washingtontimes.com/blog/inside-politics/2011/nov/1/senator-wants-obama-reclaim-fannie-freddie-bonuses/print/

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  5. Scotsman

    Hmmmm. They may have split a second lot off of the Delridge play house, although I’m a bit surprised they could get such a small lot approved.

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  6. Ira Sacharoff

    Not commenting on the Creston listing itself, but the street is pretty nasty. The local store is affectionately known as ” Ghetto Mart” which is directly across the street from an apartment building where people stand around aimlessly outside. I don’t think it’s because they’re fans of fresh air.

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  7. Kary L. Krismer

    By Ira Sacharoff @ 7:

    Not commenting on the Creston listing itself, but the street is pretty nasty. The local store is affectionately known as ” Ghetto Mart” which is directly across the street from an apartment building where people stand around aimlessly outside. I don’t think it’s because they’re fans of fresh air.

    Hasn’t that apartment been cleaned up for some time now? I haven’t noticed anyone outside my last several trips past the place.

    What I heard from one source was the apartment was Seattle and the store unincorporated King County. The sheriff was apparently more useful in keeping things under control than the SPD.

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  8. softwarengineer

    RE: Kary L. Krismer @ 8

    Thank God the Economic Downturn is Making Violent Crime Go Way Down Lately

    Or hopefully some day SWE will say, “thank God the economy improved and that neighborhood’s violent crime surged as people went out again and mingled [with evidently FAR more risks involved], instead of having their parties and such at private homes and saving their rubles”.

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  9. Kary L. Krismer

    RE: softwarengineer @ 9 – BTW, I wouldn’t describe that area as high crime, especially if you don’t count drug sales. I used to buy beer and other stuff quite frequently at the store Ira mentioned, and I’d walk through there with some frequency.

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  10. David Losh

    How could I have missed this?

    “Great story. Way to take advantage of the market and put yourself in a strong financial situation.”

    I sold in Wallingford, and bought in West Seattle/Highland Park.

    Oh yeah, baby, nothing like tying up cash in West Seattle Highland Park. Where do I begin? I have so many Highland Park stories. Of course it’s changed greatly… oh come on I can’t keep a straight face on this one.

    Never, ever think that just because you don’t pay a mortgage that you will come out ahead on a place to live. Just think, you don’t need to pay nothing for a card board box.

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  11. tomtom

    The Creston home is pending as of today.

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  12. Seattle Bubble • Cheapest Homes: December 2011 Edition

    [...] three of last month‘s homes are currently [...]

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