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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 mukoh » Fri Feb 20, 2009 11:48 am

LHR,
The russian sandwich shop is a death trap though. At least two very serious food poisonings and investigations by the health district.
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Re: Riverstone Condos in Bellevue?

Postby perfectfire » Fri Feb 20, 2009 11:50 am

The Crossroads is a weird place. You got the giant chessboard and other chess games going on. Right next to that you have Magic/Pokemon CG/D&D games going on. Then you have the AARP folk music stage in front of Joann's. One time I saw a group of women in front of Half-Price Books.

They've already lost a couple lessees. The Chili's has been gone for months and that huge shoe store is gone too. The Circuit City will be gone soon.
Remember, if you rent it's not a home, it's a hovel.
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Re: Riverstone Condos in Bellevue?

Postby Lake Hills Renter » Fri Feb 20, 2009 12:34 pm

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Re: Riverstone Condos in Bellevue?

Postby Pndscm » Fri Feb 20, 2009 2:57 pm

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Stealth repartmenting

Postby perfectfire » Mon Mar 09, 2009 12:10 am

Has Riverstone finally ? A google search turns up several links for Riverstone Bellevue Apartments, but I don't see anything about apartments on their sign or website, plus they still have some units for sale on the MLS. I guess this is a stealth repartmenting.
Remember, if you rent it's not a home, it's a hovel.
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Re: Riverstone Condos in Bellevue?

Postby RottedOak » Thu Mar 12, 2009 9:55 am

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Re: Riverstone Condos in Bellevue?

Postby Lake Hills Renter » Thu Mar 12, 2009 12:18 pm

I wonder how many (or few) people would have bought if they'd known half the complex would return to rentals. As we all know, nothing makes your home value suffer like the proximity of dirty renters. :lol:
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Re: Riverstone Condos in Bellevue?

Postby rose-colored-coolaid » Thu Mar 12, 2009 7:02 pm

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Re: Riverstone Condos in Bellevue?

Postby perfectfire » Mon Jun 22, 2009 9:50 am

Their sign has a new red sign attached to it touting their hot new bank pricing.
Remember, if you rent it's not a home, it's a hovel.
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Re: Riverstone Condos in Bellevue?

Postby lenticular » Wed Jul 15, 2009 9:27 am

Yes, they have slashed the prices dramatically. And I am under contract now for one of those units (made an offer 6/28).
I wonder if there are any other current Riverstone buyers here and how is your experience with the preferred lender. I was surprised to see mortgage insurance in my GFE. I am paying 25% down, and my research shows that according to Homeowners Protection Act of 1998 the lender can't charge mortgage insurance in this case. My lender says they have to charge it, because there is less then 50% of units currently sold, so it's considered a high risk loan. He keeps saying that they are currently reviewing this requirement, but they have not backed out yet. Please share your experience.
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Re: Riverstone Condos in Bellevue?

Postby hesotriflin » Wed Jul 15, 2009 1:13 pm

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Re: Riverstone Condos in Bellevue?

Postby Puget Sounder » Wed Jul 22, 2009 3:09 pm

I wonder how well the Taing clan of flippers likes how their investments at the Riverstone turned out. Can't be too much joy there.
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Re: Riverstone Condos in Bellevue?

Postby lenticular » Thu Jul 30, 2009 2:41 pm

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Re: Riverstone Condos in Bellevue?

Postby perfectfire » Fri Jan 29, 2010 4:37 pm

So they managed to sell 51 condos out of 98 so far. That's more than 50% after almost 3 years on the market! Yay!

But hold on, how many of those are flips or "investments"? Well, we already know of several that were bought as flips near the peak and then just today I saw one listed for rent on some internal company listing page. Also, one unit is owned by ASPI ENTERPRISES INC.
Remember, if you rent it's not a home, it's a hovel.
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Re: Riverstone Condos in Bellevue?

Postby lenticular » Fri Jan 29, 2010 4:53 pm

perfectfire: Well I know my unit is my primary residence. My neighbors are also owners. Living happily since August 2009. By the way, got a free ride not paying HOA dues until January 2010 (that's when the HOA was formed). So what's wrong with "ASPI ENTERPRISES INC" anyway?
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