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.

70 responses to “Guess the Price Round 6: “Ready to Shine” in Fremont”

  1. Dave0

    I’ll go with the “Zestimate” of $440,000. Closing on May 17th.

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  2. brady

    You should change the address in the text to 4214 Midvale.

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  3. brady

    $435k, closing May 9th

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  4. doug

    485,000 close may 16

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  5. Tim McB

    445k closing May 6th.

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  6. kevin

    $425K, May 10th.

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  7. ray pepper

    Biscuit says 418k. closing June 7

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  8. Erik

    418k, closing June 8

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  9. wreckingbull

    $455K, closes May 19th. My favorite Seattle home feature! The 7 1/2 floor basement:

    http://www.youtube.com/watch?v=T2Y7oo3iB40

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  10. murrcat

    419,000, closing May 17

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  11. Anita

    I hope it sells soon! $453,900 on June 7th.

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  12. Kristian

    $427k, May 25th.

    Interesting that we all guesses so far are above list.

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  13. Chris F

    $452
    May 25

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  14. Seattlejo

    $405k June 3

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  15. mike

    $442K, may 20th.

    Closing in less than a month? Maybe if this was a developer special, but it seems unlikely a OO buyer with a mortgage will close that fast in this environment.

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  16. Steve

    $422k on May 11th

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  17. softwarengineer

    $486K May 1

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  18. nize

    421k closing may 13

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  19. seabyer

    $420K closing on May 21st.

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  20. Goose

    430k closing May 14

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  21. Erik

    RE: Erik @ 10
    This is like the price is right, and i bid 1 day over. :)

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  22. Joe

    420,000 closing may 1

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  23. Scott

    $415k, closes May 17th

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  24. Saulac

    $445K, May 20th.

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  25. David B.

    I think that kitchen is actually quite nice, especially the vintage tile counters. Much better match for a house that age than some über-modernized monstrosity with granite counters. I’d want to replace the 80s-tacky vinyl with linoleum, however.

    Those old tile counters have the great design feature of having a lip on their edge — spills stay on the counter, instead of making a mess all down the face (and often backside as well!) of the cabinet doors and onto the floor. And there’s no lip between the sink and the counter top, so water from draining dishes ends up in the sink (period counters tend to be built to slope slightly towards the sink). Big win.

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  26. Ira Sacharoff

    I think I just heard my dog say ” 424,500. Closes May 13th”. Or maybe she said ” You got chicken?”

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  27. mmmarvel

    $452K, closing on May 3.

    And down here in Houston you’d be lucky to get $60K for the house – my goodness people.

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  28. mike

    RE: mmmarvel @ 29 – Yep, few people would move to Houston just to be close to the city. It’d probably sell for $10K in Detroit for a similar reason.

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  29. Jose

    $435K – April 30th

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  30. minitheden

    436 May 17th

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  31. Drone

    $420K June 6

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  32. Jonness

    Asking price ($415K), closes May 18th.

    Tiny granny house if I ever saw one. Hey kids, after spending a small fortune on this miniature troll house, you get to sleep in the basement. Yippee!

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  33. Jonness

    By mmmarvel @ 29:

    $452K, closing on May 3.

    And down here in Houston you’d be lucky to get $60K for the house – my goodness people.

    That’s about what it would be selling for if Bernanke had not printed up all the funny money. And he continues to print at the rate of $1 trillion/yr. Scary stuff.

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  34. Brem

    $457,000 closing May 16th

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  35. David B.

    And since this is a guessing game: $461 K, April 31.

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  36. Blurtman

    RE: Jonness @ 34 – Please, no pointing out the naked emperor.

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  37. Ron

    $466 on 5/2. Living a super high quality of life costs big bucks in that neighborhood, apparently. No need for a car. Plenty of local culture and the best of everything in your local markets. You can walk to your sailboat and visit hundreds of islands without being exposed to open ocean. It’s a few hour drive to world class skiing and backpacking/mountain climbing and you’ve got a top university and library system. Progressive politics, lot’s of jobs, and spectacular views all over town. Why wouldn’t young high-wage earning couples want that? they do…

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  38. Eden

    465,000 closing May 4th

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  39. Emilio

    $475,000. Closing on 5/30.

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  40. Beau

    $435k on May 17th.

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  41. condoseeker

    $433,000 closing May 24

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  42. David Losh

    RE: Blurtman @ 38

    I met a guy, who knows a guy that thinks the thing will sell for $225K in 2014.

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  43. whynot

    $451,000
    Pending, April 18th
    Sold, May 10th.

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  44. No Name Guy

    Definitely a person with a tax exemption – check out the taxes on Zillow. Lower to mid 3000’s up until 2010, then 1200 that year and again in 2011.

    In keeping with my cynical view of prices on the last one, I’ll go with a bidding war where the “winner” gets it for 465,000, but it’ll take a wee bit of time to get to close, so call that June 1.

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  45. Purrponius

    466k 5/10/13

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  46. KC

    $449K – May 21

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  47. DW

    $429

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  48. Azucar

    $415,000, May 23

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  49. Carl

    Hey Tim:

    You seem to have Everett and Seattle north of ship canal covered pretty well in your guess the price houses. How about showing some love to other areas? Eastside? West Seattle? South Seattle? Kent/Auburn (gasp!!)?

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  50. Xizor

    $421, 500. Settlement May 27th. It is just a small one bedroom with a basement next to Aurora.

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  51. ARDELL

    I find it interesting that no one is comparing to this home recently sold that shows at the bottom of the page on this listing. Do people look at “the comps”? Not saying they are equal, but reasonably close in type and size and very close in proximity.

    http://www.redfin.com/WA/Seattle/4224-Midvale-Ave-N-98103/home/120371

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  52. HappyRenter

    RE: Jonness @ 34
    I totally second Jonness. Also, from the photos it is not clear whether the bedrooms in the basement have windows. They probably do, but not much of a view probably. All basements of homes of that era that I have visited in Seattle are musty. Would you really want your kids to sleep there? It will still sell, asking price or above, just because it’s a crazy time. Like any house in North Seattle, you are paying for location and not value of the house itself. Whether it’s a smart choice, that probably depends.

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  53. HappyRenter

    By Ron @ 39:

    $466 on 5/2. Living a super high quality of life costs big bucks in that neighborhood, apparently. No need for a car. Plenty of local culture and the best of everything in your local markets. You can walk to your sailboat and visit hundreds of islands without being exposed to open ocean. It’s a few hour drive to world class skiing and backpacking/mountain climbing and you’ve got a top university and library system. Progressive politics, lot’s of jobs, and spectacular views all over town. Why wouldn’t young high-wage earning couples want that? they do…

    This is all correct. But you don’t necessarily need to throw close to 1/2 million dollar on a farm-style house when alternatives exist in exactly the same area!

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  54. Ron

    Where, exactly?

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  55. Jay

    It has baseboard heat. That is gross.

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  56. redmondjp

    RE: Jay @ 57 – The type of heat is immaterial, as the new owners will be so cash-limited that they will turn on the heat as little as possible . . .

    No guess from me, I think everybody else has it covered.

    I almost went to look at a house with an EIGHT car garage today – only $615K and just east of Redmond. Wife didn’t want to, as she correctly ascertained that both of us would come home and be depressed about our humble adobe . . .

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  57. kfhoz

    By Jonness @ 34:

    Asking price ($415K), closes May 18th.

    Tiny granny house if I ever saw one. Hey kids, after spending a small fortune on this miniature troll house, you get to sleep in the basement. Yippee!

    It is wonderful to sleep in a basement like this one that has windows above ground. It stays cool in Summer, warm in Winter, and is quiet. We looked for that feature in our recent house search.

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  58. Peter Witting

    Baseboard heat IS gross. But I second kfhoz about the downstairs bedrooms. When it is hot in Seattle, skip the air conditioning and hang out in the basement. Cool in the summer and cozy in the winter. Also, very quiet, with no street noise.

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  59. HappyRenter
  60. HappyRenter

    By Peter Witting @ 60:

    Baseboard heat IS gross. But I second kfhoz about the downstairs bedrooms. When it is hot in Seattle, skip the air conditioning and hang out in the basement. Cool in the summer and cozy in the winter. Also, very quiet, with no street noise.

    Ok, but in order for it to be cozy in the winter, you need to turn on that “gross” baseboard heat ;) The rest is personal taste. I prefer to be hot in the (short Seattle) summer than damp in the (long Seattle) winter.

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  61. HappyRenter

    “Bring your paintbrushes and roll up your sleeves-this home is ready to shine.”

    It sounds like this house needs some work done before moving in. I’m curious how much it would cost, assuming that one would hire a contractor to do the work.

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  62. mike

    By HappyRenter @ 63:

    “Bring your paintbrushes and roll up your sleeves-this home is ready to shine.”

    It sounds like this house needs some work done before moving in. I’m curious how much it would cost, assuming that one would hire a contractor to do the work.

    Most of the people shopping for these lower priced older homes are planning to DIY for most of the simple repairs and updates. If not, they’d be looking at either a newer town home or spending requisite $600K+ on something truly move in ready.

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  63. Peter Witting

    RE: HappyRenter @ 62 – I have to agree about the long damp winters. My preference is for gas heat over electric baseboard, that’s all….

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  64. Scott

    Wow, just noticed this home sold for $450k on May 21st — quite a jump from the $415k asking price.

    @ #48 KC was almost spot-on with a guess at $449k closing on May 21st.

    Owners probably owe Tim a dinner for the extra exposure, lol.

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  65. Tim McB

    Congrats KC. I echo Scott’s point on the extra exposure though I imagine it would have been a feeding frenzy anyway.

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  66. Guess the Price Round 6: We Have a Winner! • Seattle Bubble

    [...] weeks ago we launched our latest price-guessing contest: Guess the Price Round 6: "Ready to Shine" in Fremont. Forty-two readers made guesses this round before the home went pending on April [...]

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  67. Guess the Price Round 7: West Seattle Almost-Beach • Seattle Bubble

    […] the morning of September 23rd, or when the home goes pending, whichever comes first. Note that in Round 6 the home went pending in 4 days, and in Round 5 it was just a few hours after the contest opened, […]

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