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Recent Ballard Sales

meshugymeshugy
edited May 2007 in Seattle Real Estate
I'm seeing a lot of activity in Ballard/Loyal Heights. Most houses going in 1-2 weeks with multiple bids over asking. First price is asking, second is sold.

7702 28th Ave NW 459,000 460,000
7317 Earl Ave NW 700,000 705,000
7558 28th Ave NW 499,950 526,000
7537 33rd Ave NW 749,000 760,000
1917 NW 73rd St 450,000 482,000
7509 Earl Ave NW 489,950 490,000
8021 22nd Ave NW 699,950 515,000
7025 25th Ave NW 675,000 675,000
7529 17th Ave NW 489,950 480,000

The big winner is:

1917 NW 73rd St...right around the corner from me. Sold for $32K over asking!

The big looser is 8021 22nd Ave NW: way, way over priced at $699. Took a $185K hair cut....ha ha. :D

Comments

  • wreckingbullwreckingbull
    Wow, what a list of dumps.

    I am familiar with 2/3 of these places from my morning runs. In my opinion the 'looser' is the fool that is laying down this kind of money for these shacks. Thanks for a little comic relief. Reminds me of pets.com at $11/share.
  • mike2mike2
    edited May 2007
    7702 28th Ave NW - Non-owner occupied, buyer in California

    7509 Earl Ave NW - buyer has flipped 3 other homes in past 16 months and has 2 others. He also took out a $500K heloc on his primary residence a month before buying this home for $490K. These WaMu Equity Plus lines of credit are fairly popular with flippers.

    Looks like most of these homes were bought as primary residences and the sellers decided to keep their other home, probably to rent out. Only 3 had piggyback loans. The one at 73rd looks to have been bought from the deceased owner for cash.
  • deejayohdeejayoh
    hmm..... 7 house sample
    - in sum sold for $120k less than asking assuming asking price had never been lowered on any of them.
    - oh, btw - 20%+ of listings in 98107 are asking prices reduced if you check zip realty

    So I'm not sure what your point is. Ballard is hot? Ballard is sucking wind?
  • bilirubenbiliruben
    ... Ballard is black-tie optional.
  • deejayohdeejayoh
    From the "are you high?" files:

    Phinney Ridge tudor that looks like it has been pretty much untouched since the 80's.

    Zillow value range is $657-829k, tax assessed $553k .

    Went on the market at $1.5mm, lowered to $1.38mm

    I figured there would be a flipper behind this, but it looks like the property hasn't been sold in the last 10 years. Maybe an estate sale with greedy heirs?

    Check out the kitchen and the landscaping (or lack thereof). Nice view, but my brother just paid this for a bigger house with a better view 2 blocks from the lake in Laurelhurst, and it was was fixed up. This is Phinney Ridge!

    Am I missing something?
  • mike2mike2
    Here's another good one at 226 NW 48TH ST. Hey, I ripped out all the walls, that's instant equity!!

    http://www.redfin.com/stingray/do/printable-listing?listing-id=659515

    Selling for 90K more than she paid last april, and yeah, it's going to go to trustee sale here if you don't move quick. She hasn't paid the mortgage in 6 months.
  • redlineredline
    mike2 wrote:
    Here's another good one at 226 NW 48TH ST. Hey, I ripped out all the walls, that's instant equity!!

    They forgot to add "just steps to the noisy arterial NW Market Street" to the description. :lol:
  • AwaySoonerAwaySooner
    How do you know "she" hasn't pay her mortgage in 6 months? I am about to rent a single family home soon, would just like to be able to check up on the would be landlord.

    mike2 wrote:
    Here's another good one at 226 NW 48TH ST. Hey, I ripped out all the walls, that's instant equity!!

    http://www.redfin.com/stingray/do/printable-listing?listing-id=659515

    Selling for 90K more than she paid last april, and yeah, it's going to go to trustee sale here if you don't move quick. She hasn't paid the mortgage in 6 months.
  • deejayohdeejayoh
    Unlimited potential, use your imagination on this home centrally located in the popular Fremont area. Mountain & panoramic views over Ballard, the Ship Canal, Magnolia & Queen Anne. New Deck, French doors, hardwood floors, lower level w/ seperate entrance could be guest quarters or M-I-L apartment. Steps from Woodlawn Park, Ballard & Greenlake, minutes to downtown.


    Here's antoher way to use your imagination - figure out how someplace is "steps" to Greenlake and Ballard simultaneously! Depends on how many "steps" I guess?
  • deejayohdeejayoh
    How do you know "she" hasn't pay her mortgage in 6 months? I am about to rent a single family home soon, would just like to be able to check up on the would be landlord.
    Look up the parcel number using the address here and then look for any notices at the recorders site, using the parcel number or the owners name here
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