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Seattle Bubble Forum Archive • View topic - Riverstone Condos in Bellevue?

Riverstone Condos in Bellevue?

Anything and everything relating to Seattle-area real estate.

Moderators: synthetik, The Tim, Lake Hills Renter

Re: Riverstone Condos in Bellevue?

Postby perfectfire » Thu Apr 10, 2008 3:51 pm

Dang I've been meaning to do an update on the lovely Riverstone and Chapagne conversions, but have been too busy at work. I love the looks-like-exposed-plywood faux finish at Champagne. A condo in Redmond has the same finish and after glancing at it several times I still wasn't sure if it was a faux finish or plywood.

I think the Champagne sign said they were doing some tours last weekend. They're coming soon at the "low 300's".

Both the Riverstone and Champagne are overpriced compared to the comps. A friend of mine sold a comparable (better in some ways actually) condo nearby for around 285k (I think, it hasn't shown up on the county records yet) so these new conversions are 20-50k overpriced. No wonder they aren't selling.

I haven't seen Martine, where is it located?

Anybody want to take bets on when the Riverstone goes repartment? I'm going to say September.
Remember, if you rent it's not a home, it's a hovel.
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Re: Imagine.. Paying 260,000

Postby mike2 » Thu Apr 10, 2008 4:06 pm

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The Martine

Postby TheMightyQuinn » Sat Sep 27, 2008 10:51 pm

It looks like The Martine condos are being repartmented, since they now advertise leasing. They also advertise "lease to own", but who would want to lease to own an apartment?
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Re: The Martine

Postby perfectfire » Mon Sep 29, 2008 1:09 pm

Remember, if you rent it's not a home, it's a hovel.
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Re: Riverstone Condos in Bellevue?

Postby perfectfire » Thu Oct 09, 2008 3:46 pm

Apparently this is what "affordable luxury" looks like:
bd89acc6e842e7fd1830659c1316255b811344.jpg
bd89acc6e842e7fd1830659c1316255b811344.jpg (202.35 KiB) Viewed 11295 times


I'm sorry, it had to be done:
baf82054a2d30df9586de462197a8e11811344.jpg
baf82054a2d30df9586de462197a8e11811344.jpg (207.93 KiB) Viewed 11277 times
Remember, if you rent it's not a home, it's a hovel.
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Re: Riverstone Condos in Bellevue?

Postby rose-colored-coolaid » Thu Oct 09, 2008 6:19 pm

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Champagne

Postby TheMightyQuinn » Fri Feb 06, 2009 11:25 am

It looks like Champagne has gone rental too; they're now advertising "remodeled apartments".

I haven't been by Riverstone to see if they're still holding out on that sinking ship.
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Re: Riverstone Condos in Bellevue?

Postby perfectfire » Fri Feb 06, 2009 12:57 pm

I drive by Riverstone every day and haven't yet seen any sign of changes. Their website is the same too, still lacks a photo gallery and virtual tour. They've only sold 28 units including at least 5 to flippers (the Taing clan). I'm impressed they've lasted this long, but how much longer can they possibly go, especially when the flippers begin to try to unload?
Remember, if you rent it's not a home, it's a hovel.
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Re: Riverstone Condos in Bellevue?

Postby Alan » Fri Feb 06, 2009 1:10 pm

The images above look like garbage to me. Is that what others are seeing?
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Re: Riverstone Condos in Bellevue?

Postby The Tim » Fri Feb 06, 2009 1:16 pm

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Re: Riverstone Condos in Bellevue?

Postby perfectfire » Fri Feb 06, 2009 3:01 pm

Remember, if you rent it's not a home, it's a hovel.
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Re: Riverstone Condos in Bellevue?

Postby perfectfire » Thu Feb 19, 2009 5:53 pm

The Martine has gone repartment too. You can check out the . They want $995 for a condo they were previously asking $276,900 for. I used the mortgage calculator on the Martine condo site (it's still up) and calculated with a 5.5% rate, 2 points and 10% down you would've been paying double the rent and the calculator doesn't even factor in condo association dues. Plus it would require, according to the calculator, over $42,000 upfront. Renting the same place requires a $500 deposit.
Remember, if you rent it's not a home, it's a hovel.
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Re: Riverstone Condos in Bellevue?

Postby The Tim » Thu Feb 19, 2009 10:29 pm

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Re: Riverstone Condos in Bellevue?

Postby Ben » Fri Feb 20, 2009 12:49 am

The champagne website is a hoot:

"Celebrate life in the heart of Bellevue, just steps from the boutique shops, fine dining and entertainment of the Crossroads Mall"

I don't know what Crossroads mall they are talking about. The one that I know is has parking lots full of sketchy people, a cheap food court and a Circuit City that is closing down. My personal estimation is that the DOL office is responsible for most of the traffic there.

As for the Martine, that is a neat trick on their map to only draw major roads so that you look close to Bellevue mall (it confused me at first). $277k for a one bedroom apartment? You can still rent around that area for less than a grand a month!
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Re: Riverstone Condos in Bellevue?

Postby Lake Hills Renter » Fri Feb 20, 2009 1:24 am

Crossroads mall is actually very popular though with lots of draws -- movie theatre and Blockbuster, Barnes & Noble and a Half Price Books, Petco, two grocery stores (QFC and TOP), etc. The food court is actually pretty good,with lots of international flavor and variety. I highly recommend the Russian sandwich shop and the German deli.

The nearby residential areas are a little sketchy though, at least relative to other neighborhoods nearby. A friend lived in one of the apartment complexes off 164th (behind Crossroads) and after two car breakins, decided to break his lease and move.
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