Hah! Yeah. It was declared a condo in 2004. The value is pretty much all in the land, and you don't get that. Pretty worthless. Probably why the condo owner was behind 30K and then just walked away.
Here's my favorite renovation. I call it the The Renovation of the Self-Righteous!
Purchased in 2004 for $549K
A litany of renovations, which this dude refers to as "re-constructions" were done.
It was put on the market again almost a year ago (or longer, given the MLS shenanigans) for $1,595,000. Jeezus. This isn't even in-city. It isn't even waterfront. In fact is dangerously close to Bothell Way. It has a bit of a view and "50 ft. water feature", whatever that is. It does seem to have a tremendous amount of the owner's ego invested in it, however. He hasn't budged on price.
He updated Zillow with the litany of updates he's made, along with the cost of each one, then simply tacked it onto the price of the zestimate.
He assumes his choice of updates improve the value of the house at 100% of his cost. He doesn't realize that updates in any rational market often just maintain the value.
Major Kitchen Remodel (Upscale) + $ 135,030
Bathroom Remodel (Upscale) + $ 11,820
Bathroom Remodel (Upscale) + $ 13,356
Basement Remodel + $ 129,515
Family Room Addition + $ 69,947
Family Room Addition + $ 139,895
Deck Addition + $ 41,790
Roofing Replacement (Upscale) + $ 59,372
Siding Replacement (Upscale) + $ 37,648
Window Replacement (Upscale) + $ 12,064
My guess is that he doesn't really want to sell, but his wife is nagging him.