High End Real Estate: Seattle vs. Wisconsin

An example of a $2.5 million property in Seattle: 4-bed, 4.5-bath 2-story in Magnolia 4,440 sqft 5,029 sqft lot 2008 property tax bill: $18,286 “sweeping sound and mountain views” An example of a $2.5 million property in Wisconsin: 2-story stone lodge in Couderay 407 acres 37-acre private lake 2008 property tax bill: $14,948 8-car garage […]

Reader Story: Buying a Bank-Owned Home

Tomorrow we’ll have the monthly foreclosure report for May, but today here’s a comment left by “Ross” in the reporting roundup last week that deserves to be highlighted. Ross recounts his experience attempting to buy a bank-owned (i.e. – foreclosed) home: On a foreclose property I was watching, here’s my experience: Last purchase price (2006) […]

Williams Marketing Finally Getting Realistic About the Condo Market

A reader emailed me an interesting little piece of marketing material from an 18-unit complex on the south side of Queen Anne. According to public records The Leona, which is being marketed by the ever-bullish Williams Marketing, has sold a whopping three of their eighteen units to date. Nine of the fifteen unsold units are […]

Queen Anne Condo Conversion Checkup: 2 Years Later

I was looking through some old posts on here and came across one from November 2006 by Synthetik titled God Save the Queen. In it, he linked to an Aubrey Cohen piece about a developer converting two apartment buildings on lower Queen Anne to condos. Let’s check in and see how those conversions are doing, […]

Former WaMu Pres. Tries to Flip Mansion

Okay, I had this story emailed or IM’d to me by about half a dozen people over the weekend, so I guess I’d better at least mention it :^) Former WaMu president lists home for nearly 2x 2005 purchase price: Stephen Rotella, who was president and chief operating officer of Washington Mutual when it failed […]