Sold for $719,000 June 2007. It's been on the market for 175 days now marked down to $649,000... Ouch... Almost every house on the market in Maple Leaf that's been listed for more than 30 days have had their prices reduced significantly...I thought North Seattle prices were never going to go down.
Markor,
I saw that thread so had to look up the property on the MLS, and the listing is called "cancelled", so it's pretty confusing. One person claims to have spoken to the listing agent and was told it's being pulled off the market and fixed up, and other person claims to be one of the team of realtors and it's still on the market for a much reduced price. Somebody is either misinformed or lying. Hard to fathom a realtor doing that.
This can't be good. Sold Feb. 14, 2007 for $699,950. Went on the market today for $450k. That about 35.7% off of purchase price from last year. On a side note, if you buy this house you can live right around the corner from Deja Vu.
I've actually noticed several in-city houses in the last week listed below their last sale price that actually have walls. I'll see if I can remember where they are.
723 16th Ave E was listed at $875k and sold for just over $1M with 7-8 bids involved. IMO the house needed some serious rework but at a $1M someone was willing to keep the bubble alive.
19219 40th Pl NE Lake Forest Park, WA 98155
Listing price: $439,950
Last Sale: $521,654 (04/24/2008)
Interesting. The county records on that property show that the 2008 sale was from "NORTHWEST TRUSTEE SERVICES INC" to the current owner "AURORA LOAN SERVICES LLC." The previous sale was even more, $610,000 in April 2006. So the current listing price is 28% off the peak.
Looks like the 2006 buyer may have foreclosed. I don't really understand the 2008 transaction though. From the listing photos, the property is certainly vacant.
Yeah, it looks like Lake Forest Park is taking a beating. It seems like the only house that has sold up there for more than half a million is the one we wanted, and had watched for a year, only to sell a couple days before we got our offer in.
I think this one has been posted on the site before, but there was another price drop.
Jul 12, 2006 $530,000 6.2%/yr
Mar 15, 2007 $780,000 77.5%/yr
On the market for $650,000
$130k haircut (17%) in 18 months.
edit: Sold For: $625,000 (12/03/2008)
It shows as a new listing but it really has been on the market for 6-8 months. I looked at it "pre-remodel" and passed at $525k in 2005. Looks like I might be able to go back and get the upgrades for free if I wait a bit longer!
Here's a steep haircut on a really nice property on Queen Anne
Sold for $1.23mm in 07/2007
Asking $1.11mm today, after being on the market 190 days
zestimate is $1.138
+10% off in a year on a very centrally located property
Fremont Triplex in a great location! Nearby popular Center of the Universe amenities. Nice spaces - inlay hardwood floors, spacious living room, dining room and kitchen, two bedrooms, one bath on all three levels. Two car garage. Also planned and permitted for 4 Unit townhome project. A good investment!
Vacant Land in the heart of Broadview! Planned and permitted eight unit townhome site in a popular location. Other successful developments nearby. Nice 3 bed and 2.5 bath homes, that are well designed. A good investment for a future project.
This place sold for $575k in 11/2004
On the market for 150 days so far, they just lowered the price to $585k so pretty much break-even to purchase price
From the comments: Great view of downtown when the leaves fall from trees! Will consider renting
This one is the mother of all flops I have seen in Seattle. $345k loss (21%) in little under 2 years. And it was new construction in 2007
Property History for 2425 24th Ave W
Date Event Price Appreciation Source
Mar 20, 2009 Listed $1,295,000 -- NWMLS #29039085
Jul 12, 2007 Sold $1,640,000 108.0%/yr Public Records
Apr 03, 2009 Listed $295,000 --
Feb 27, 2009 Sold $537,171 -6.8%/yr
Dec 08, 2006 Sold $627,500 10.4%/yr
Apr 30, 2001 Sold $360,000 11.6%/yr
Oct 31, 1994 Sold $175,950 --
Comments
http://www.redfin.com/WA/Seattle/6327-19th-Ave-NE-98115/home/308867
Sold for $719,000 June 2007. It's been on the market for 175 days now marked down to $649,000... Ouch... Almost every house on the market in Maple Leaf that's been listed for more than 30 days have had their prices reduced significantly...I thought North Seattle prices were never going to go down.
http://forums.redfin.com/rf/board/message?board.id=Seattle&message.id=3394#M3394
I saw that thread so had to look up the property on the MLS, and the listing is called "cancelled", so it's pretty confusing. One person claims to have spoken to the listing agent and was told it's being pulled off the market and fixed up, and other person claims to be one of the team of realtors and it's still on the market for a much reduced price. Somebody is either misinformed or lying. Hard to fathom a realtor doing that.
http://www.redfin.com/WA/Lake-Forest-Park/3509-NE-148th-St-98155/home/89741
I've actually noticed several in-city houses in the last week listed below their last sale price that actually have walls. I'll see if I can remember where they are.
Slip slidin' away.
*Relisted* at $599,950
Buyer's Bonus is gone, though.
http://www.redfin.com/WA/Seattle/8403-S ... ome/199188
Purchased: 06/29/07 for $475k
Listed: 09/28/08 for $349k
26% haircut in a year.
Interestingly, also listed as a bank owned foreclosure
http://www.redfin.com/WA/Seattle/8403-S ... ed-2788007
Repo amount was $427.5k - so the owner ostensibly has $50k of equity - must have been 10% down, so not likely it was fraud.
723 16th Ave E was listed at $875k and sold for just over $1M with 7-8 bids involved. IMO the house needed some serious rework but at a $1M someone was willing to keep the bubble alive.
19219 40th Pl NE Lake Forest Park, WA 98155
Listing price: $439,950
Last Sale: $521,654 (04/24/2008)
Looks like the 2006 buyer may have foreclosed. I don't really understand the 2008 transaction though. From the listing photos, the property is certainly vacant.
BTW, here's the listing on Redfin: 19219 40th Pl NE Lake Forest Park, WA 98155
Here's a big haircut on Phinney Ridge:
http://www.redfin.com/WA/Seattle/5505-2nd-Ave-NW-98107/home/298701
Sold for 1.1 Million last year. Listed for 949K now.
Jul 12, 2006 $530,000 6.2%/yr
Mar 15, 2007 $780,000 77.5%/yr
On the market for $650,000
$130k haircut (17%) in 18 months.
edit: Sold For: $625,000 (12/03/2008)
It shows as a new listing but it really has been on the market for 6-8 months. I looked at it "pre-remodel" and passed at $525k in 2005. Looks like I might be able to go back and get the upgrades for free if I wait a bit longer!
Sold for $1.23mm in 07/2007
Asking $1.11mm today, after being on the market 190 days
zestimate is $1.138
+10% off in a year on a very centrally located property
Edit: Sold For: $949,000 (11/25/2008)
Sold for $1.8mm in 04/2007
Asking $1.7mm today, on the market 2 days
zestimate is $1.75mm
Edit: Sold For: $1,882,500 (02/20/2009)
+5% off in ~18 months - great view
Dropping values have definitely moved into both the central core, and the high end
Sold for $1.35mm in 10/2007
Listed at $995k for 120 days (or for 54 days. Since it's listed twice...)
zestimate is $1.242mm
Current asking price is 309,000:
http://www.redfin.com/WA/Renton/1908-NE ... ome/410876
My favorites list has been growing way to quickly the last few weeks. I think I'm going to have to be more selective about what I add to it.
Sold in Aug 2006 for $1.17 million. Now listed for $839k!!! $331k haircut. Yikes.
http://www.redfin.com/WA/Seattle/6562-B ... ome/152977
Almost 400k off in 2 months,
http://www.redfin.com/WA/Bellevue/10044 ... ome/253189
Nov 19, 2008 Price Changed $580,000 -- NWMLS #28159166
Nov 06, 2008 Price Changed $590,000 -- NWMLS #28159166
Oct 29, 2008 Price Changed $595,000 -- NWMLS #28159166
Oct 23, 2008 Price Changed $620,000 -- NWMLS #28159166
Oct 20, 2008 Price Changed $640,000 -- NWMLS #28159166
Oct 13, 2008 Price Changed $650,000 -- NWMLS #28159166
Oct 09, 2008 Price Changed $680,000 -- NWMLS #28159166
Oct 07, 2008 Price Changed $690,000 -- NWMLS #28159166
Oct 06, 2008 Price Changed $750,000 -- NWMLS #28159166
Sep 24, 2008 Price Changed $850,000 -- NWMLS #28159166
Sep 17, 2008 Listed $950,000 -- NWMLS #28159166
May 29, 2007 Sold $750,000 12.3%/yr Public Records
http://www.redfin.com/WA/Seattle/6527-5 ... ome/496093
3608 1st Ave NW
Property History
Dec 03, 2008 Listed $575,000
Oct 30, 2007 Sold $796,000 to Noland LLC
Nov 22, 2006 Sold $345,000
May 09, 1997 Sold $257,250
http://www.redfin.com/WA/Seattle/3608-1 ... ome/301911
Fremont Triplex in a great location! Nearby popular Center of the Universe amenities. Nice spaces - inlay hardwood floors, spacious living room, dining room and kitchen, two bedrooms, one bath on all three levels. Two car garage. Also planned and permitted for 4 Unit townhome project. A good investment!
http://www.nolandhomes.com/findyourhome ... d=8&pid=29
13823 Greenwood Ave N
Property History
Dec 03, 2008 Listed $599,950
Oct 09, 2007 Sold $900,000
http://www.redfin.com/WA/Seattle/13823- ... home/96315
Vacant Land in the heart of Broadview! Planned and permitted eight unit townhome site in a popular location. Other successful developments nearby. Nice 3 bed and 2.5 bath homes, that are well designed. A good investment for a future project.
http://www.nolandhomes.com/findyourhome ... =16&pid=28
This place sold for $575k in 11/2004
On the market for 150 days so far, they just lowered the price to $585k so pretty much break-even to purchase price
From the comments: Great view of downtown when the leaves fall from trees! Will consider renting
http://www.redfin.com/WA/Seattle/2619-W ... ome/123539
Edit: This one is now listed at $499k
Property History for 2425 24th Ave W
Date Event Price Appreciation Source
Mar 20, 2009 Listed $1,295,000 -- NWMLS #29039085
Jul 12, 2007 Sold $1,640,000 108.0%/yr Public Records
REO: Feb 09 was the foreclosure.
Apr 03, 2009 Listed $295,000 --
Feb 27, 2009 Sold $537,171 -6.8%/yr
Dec 08, 2006 Sold $627,500 10.4%/yr
Apr 30, 2001 Sold $360,000 11.6%/yr
Oct 31, 1994 Sold $175,950 --
http://www.redfin.com/WA/Seattle/132-NW ... ome/498150
http://www.auction.com/property.php?auc ... gRemoved=0