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Seattle Bubble Forum Archive • View topic - Audacious Flips and Renovations cont'd

Audacious Flips and Renovations cont'd

Anything and everything relating to Seattle-area real estate.

Moderators: synthetik, The Tim, Lake Hills Renter

Re: Audacious Flips and Renovations cont'd

Postby rose-colored-coolaid » Tue Jun 03, 2008 3:25 pm

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Re: Audacious Flips and Renovations cont'd

Postby biliruben » Tue Jun 03, 2008 3:40 pm

It definitely generates immediate negative feelings when they leave it out, but if it looks good otherwise, I just go look it up on the parcel viewer. In fact, even if they do have sq ft, I look it up on the parcel viewer, because I'm pretty adamant about getting 2000 non-basement sq. ft, and the county records are the only place that splits sq ft out by floor.
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Re: Audacious Flips and Renovations cont'd

Postby Markor » Thu Jun 05, 2008 2:58 pm

How about ? At $767/sq. ft., it's marked down from $907/sq. ft. It's been 3 months since the last price drop.

I used to live in that bldg. It was a great place to be a renter in the early 1990s. I'm pretty sure this unit would have rented then for about $1500/mo. Now you can buy it for $1.1MM, plus pay $1150/mo in dues & taxes.
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Re: Audacious Flips and Renovations cont'd

Postby unearthly » Thu Jun 05, 2008 3:31 pm

That Queen Anne condo started at $1.3M - it won't sell unless it drops another $200k or more; especially given a DOM of 273. It's kind of funny but you can get a SFH for close to the price of a condo given the price per sqft differential. This house () is on the west side of the south slope of Queen Anne. It doesn't have a view but I bet you could get one with the difference (~$260k).
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Re: Audacious Flips and Renovations cont'd

Postby biliruben » Thu Jun 05, 2008 4:42 pm

Just your standard, run-of-the-mill

445K last year, 729K today.

Drop some carpet in the basement so you can "double" the square feet,
Image

add some shiny appliances,
Image

and profit!
Image

I can't believe the flippers are still playing this game, or trying to.
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Re: Audacious Flips and Renovations cont'd

Postby The Tim » Thu Jun 05, 2008 5:05 pm

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Re: Audacious Flips and Renovations cont'd

Postby unearthly » Thu Jun 05, 2008 5:22 pm

In case of fire please exit via Hobbit window...

indicates a square footage of 1950 even with a finished basement ($25k worth of labor and materials tops). Above grade (appraised higher) is 1170 sqft or $623/sqft AGLA. Good luck with that in Ravenna.
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Re: Audacious Flips and Renovations cont'd

Postby Markor » Thu Jun 05, 2008 6:26 pm

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Re: Audacious Flips and Renovations cont'd

Postby rose-colored-coolaid » Thu Jun 05, 2008 7:41 pm

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Re: Audacious Flips and Renovations cont'd

Postby deejayoh » Thu Jun 05, 2008 8:11 pm

ah yes, floor 7 and a half.

good movie
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Re: Audacious Flips and Renovations cont'd

Postby perfectfire » Thu Jun 05, 2008 8:33 pm

Remember, if you rent it's not a home, it's a hovel.
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Re: Audacious Flips and Renovations cont'd

Postby biliruben » Thu Jun 05, 2008 8:44 pm

Apparently my flipper bud realized $500 wasn't going to cut it, and decided to take $10/hr. He hopes.

Price down to 309K.
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Re: Audacious Flips and Renovations cont'd

Postby deejayoh » Fri Jun 06, 2008 1:11 pm

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Re: Audacious Flips and Renovations cont'd

Postby biliruben » Fri Jun 06, 2008 1:53 pm

Such is the power of granite!
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Re: Audacious Flips and Renovations cont'd

Postby Markor » Fri Jun 06, 2008 3:22 pm

is the $425K 2br Bellevue condo of (apparently) the person posting comments on seattlepi.com about how they will absolutely not drop their price, due to Bellevue's future growth prospects. Check out the sales history, price drops so far, and days on market. Ouch!

I'm bullish on Bellevue myself, but even I don't think this place is worth $425K. Especially not when a real house can be had for less, elsewhere in Bellevue.
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