Tuesday, September 16, 2014

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Penthouse at One Lincoln Tower Sells For $2.3M Over 50% Off : Downtown Bellevue Network
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In September of 2011 the penthouse at One Lincoln Square as we reported (http://www.downtownbellevue.com/2011/09/19/one-lincoln-square-bank-owned-penthouse-for-sale-4-95m/ wrentham outlets stores ) was first listed for $4.95M. On March 28th the sale was complete to an owner that paid $2.3M, 53% lower than the original asking price. The price paid was also lower than the last sale price in 2006 for $3M.
Although there are not other condos in downtown Bellevue actively listed over the $2M price range, this goes without saying that the buyer received the deal of a century (well, at least the deal of the decade).
In September of 2011 the penthouse at One Lincoln Square, as we reported , was first listed for $4.95M. On March 28th the sale was complete to an owner that paid $2.3M, 53% less than the original asking price. The price paid was also lower than the last sale price in 2006 for $3M.
The 2-bedroom, 2.5-bathroom, 4,048 sq.-ft. property was banked owned, and over the 7 months it was for sale the price had quickly been lowered. Since it was bank owned, there was great urgency in wanting to unload the property.
Although there are no other condos in Downtown Bellevue actively listed over the $2M price range, this goes without saying that the buyer received the deal of a century (well, at least the deal of the decade). Entry Information
^I would ask almost exactly the opposite question – why buy a house and have to deal with a yard, be a slave to a car for everything, and not be able to walk out the door to shops and restaurants when condos are cheaper? Makes no sense.
Deal of a decade? Skyscraper wrentham outlets stores living in Bellevue? Who would be that stupid…
Other wrentham outlets stores Entries From Condos 2014 King County Residential Valuations For Downtown Bellevue & Beaux Arts Increase by 22.6% $2.49M Penthouse Condo For Sale at Washington Square in Downtown Bellevue Downtown Bellevue Church to Become Two 43-Story Residential Towers Old Safeway Building Demolished, Making Way For Bellevue Collection Expansion Downtown Bellevue Church wrentham outlets stores Property Sells for $30 Million
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