lofts Archives - Seattle Penthouse Condos

Mosler Lofts Penthouse 5, Hits The Market For $1.9M

February 9, 2017 By jeffjreynolds Leave a Comment

Mosler Lofts Penthouse 5, Hits The Market For $1.9M

Mosler Lofts Penthouse number 5 just hit the market for $1,900,000. It is a pretty special unit with 12 foot ceilings, floor to ceiling glass and killer corner view with wrap around deck. The outdoor space totals 450sf.

The 1,564sf interior offers a mix of steel, concrete and creative spaces throughout the unit. For those of you unfamiliar with Mosler Lofts, it is a 2007 award winning building located in the north-end of Belltown. There are 149 units on 12 floors. The amenities include a doorman, business, library, conference room, homeowners lounge, fitness facility and a super expansive rooftop deck.

The unit last sold in 2007 for $1,560,000. The monthly HOA’s are $902.

You might recall the $13,800,000 penthouse at Bay Vista that just hit the market last week. These two Seattle Penthouse units are just 1 block from each-other.

Listing courtesy of our friend Michael Doyle at Windermere

Zillow – Condos are Back – and Outpacing Single-Family Homes in Appreciation

October 27, 2015 By jeffjreynolds Leave a Comment

SEATTLE, Oct. 27, 2015 /PRNewswire/ — Condos are appreciating faster than single-family homes in markets across the U.S., especially where job markets are thriving or urban renewal is underway, according to the third quarter Zillow® September Real Estate Market Reportⁱ. Condos in the U.S. are appreciating at a rate of 5.1 percent, compared to the 3.7 percent appreciation among single-family homes.

Condo values crashed hard during the housing bust that kicked off the Great Recession. From the pre-recession peak to the lowest value, the median U.S. single-family home lost 20 percent of its value; from peak to bottom, the typical U.S. condo lost 33.2 percent of its value.

The housing market has since bounced back, and condos have finally caught up to other homes. In September, according to Zillow’s data, they are appreciating faster than single-family homes in nearly two-thirds of the top 35 most populated housing markets.

Condo values outpaced house values the most in the New York City metro area, in Dallas and Houston, and in Boston and Denver.

In Denver – one of the country’s fastest-growing housing markets – condo values are growing in value at an annual rate of just under 20 percent, while single-family home values are rising at 15.9 percent.

“The housing bust hit condo values hard, and over the past few years, buying a condo wasn’t always considered a good investment compared to a single family home,” said Zillow Chief Economist Dr. Svenja Gudell. “But that’s changing, and condos increasingly represent a strong-performing, often affordable choice, particularly for first-time buyers interested both in homeownership and in keeping a lower-maintenance, city lifestyle. However, as younger buyers compete for homes in urban neighborhoods, it’s important to consider some of the additional costs of condo life, especially homeowner association fees, when weighing options.”

In Philadelphia, a market where many renters say they want to buy, single-family homes dropped slightly in value year-over-year, but condos are growing at 2.3 percent.

But in Miami, where luxury condos have spread across the skyline and condos make up 63 percent of the housing stock, condo values are not rising quite as fast as single-family homes.

Metro Area	Condo ZHVIⁱⁱ	YoY change in condo ZHVI	Single-family home ZHVI	YoY change in single-family home ZHVI	ZRIⁱⁱⁱ	ZRI YoY change
United States	$191,300	5.1%	$181,500	3.7%	$1,386	3.7%
New York-Northern New Jersey	$505,900	8.3%	$371,100	1.1%	$2,405	4.1%
Los Angeles, CA	$439,800	-0.2%	$579,100	5.6%	$2,529	4.1%
Chicago, IL	$160,500	2.8%	$201,700	1.2%	$1,645	0.5%
Dallas-Fort Worth, TX	$137,300	20.1%	$174,200	14.9%	$1,502	5.1%
Philadelphia, PA	$118,200	2.3%	$226,800	-0.4%	$1,585	2.0%
Houston, TX	$108,900	13.6%	$170,000	9.0%	$1,570	5.8%
Washington, DC	$295,200	0.2%	$394,100	-0.9%	$2,113	1.8%
Miami-Fort Lauderdale, FL	$150,700	8.5%	$279,500	8.8%	$1,810	2.5%
Atlanta, GA	$143,600	8.7%	$166,000	5.4%	$1,302	5.7%
Boston, MA	$304,400	8.8%	$398,000	4.9%	$2,271	6.8%
San Francisco, CA	$575,200	13.5%	$805,300	12.0%	$3,348	13.3%
Detroit, MI	$150,200	6.9%	$114,700	6.2%	$1,124	5.8%
Riverside, CA	$227,700	3.0%	$300,200	5.7%	$1,699	3.3%
Phoenix, AZ	$136,500	6.8%	$222,300	6.9%	$1,277	5.3%
Seattle, WA	$275,800	10.5%	$376,400	8.0%	$1,936	7.7%
Minneapolis-St Paul, MN	$153,300	4.8%	$224,100	3.2%	$1,529	1.7%
San Diego, CA	$357,200	6.4%	$523,300	5.5%	$2,347	3.8%
St. Louis, MO	$122,400	6.3%	$140,600	6.8%	$1,159	5.0%
Tampa, FL	$101,000	8.8%	$168,200	7.5%	$1,311	4.5%
Baltimore, MD	$187,500	-2.3%	$246,200	-1.7%	$1,728	2.2%
Denver, CO	$200,700	19.7%	$338,600	15.9%	$1,964	11.5%
Pittsburgh, PA	$130,000	3.3%	$124,900	1.4%	$1,103	-3.8%
Charlotte, NC	$139,800	3.6%	$159,300	4.0%	$1,226	5.1%
Sacramento, CA	$205,800	7.5%	$343,700	6.1%	$1,676	6.6%
San Antonio, TX	$111,400	7.8%	$161,200	6.4%	$1,356	4.0%
Orlando, FL	$98,600	7.5%	$190,400	6.2%	$1,351	3.5%
Cincinnati, OH	$98,000	1.3%	$142,900	2.6%	$1,257	5.1%
Cleveland, OH	$91,400	5.9%	$127,500	2.8%	$1,166	1.1%
Las Vegas, NV	$112,700	9.3%	$214,000	7.4%	$1,226	3.5%
Columbus, OH	$104,200	4.0%	$159,400	5.3%	$1,290	3.4%
Indianapolis, IN	$108,800	2.0%	$130,000	3.7%	$1,189	1.7%
San Jose, CA	$637,000	13.0%	$984,800	12.9%	$3,422	9.1%
Austin, TX	$211,100	8.2%	$246,300	9.9%	$1,720	5.2%

Zillow
Zillow® is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the place they call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics and analytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housing data and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price Expectations Survey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow Home Value Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence in local housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z and ZG), and headquartered in Seattle.

Zillow and Zestimate are registered trademarks of Zillow, Inc.

ⁱ The Zillow Real Estate Market Reports are a monthly overview of the national and local real estate markets. The reports are compiled by Zillow Real Estate Research. For more information, visit www.zillow.com/research/. The data in Zillow’s Real Estate Market Reports are aggregated from public sources by a number of data providers for 928 metropolitan and micropolitan areas dating back to 1996. Mortgage and home loan data are typically recorded in each county and publicly available through a county recorder’s office. All current monthly data at the national, state, metro, city, ZIP code and neighborhood level can be accessed at www.zillow.com/local-info/ and www.zillow.com/research/data.

ⁱⁱ The Zillow Home Value Index (ZHVI) is the median estimated home value for a given geographic area on a given day and includes the value of all single-family residences, condominiums and cooperatives, regardless of whether they sold within a given period. It is expressed in dollars, and seasonally adjusted.

ⁱⁱⁱ The Zillow Rent Index (ZRI) is the median Rent Zestimate® (estimated monthly rental price) for a given geographic area on a given day, and includes the value of all single-family residences, condominiums, cooperatives and apartments in Zillow’s database, regardless of whether they are currently listed for rent. It is expressed in dollars.

SOURCE Zillow

Pioneer Square Penthouse Loft Sells Off Market

March 24, 2015 By jeffjreynolds Leave a Comment

Our friends at UrbanCondoSpaces.com have sold another penthouse. This time in Pioneer Square. This top floor loft is located at 210 3rd Ave (The Lofts). It features original floors, vaulted timber beam ceilings and exposed brick and HVAC. The 1,886sf unit has west facing views and underground parking and storage. Sale price was $639,000.

Demand For A Luxury Loft, Outweighs The Changing View

February 13, 2015 By jeffjreynolds Leave a Comment

Take a look through the window in the this photo – see the crane?

There is a building going in next door to this incredible top floor loft at 80 S. Jackson. That didn’t sway the opinion of the buyer who purchased the unit. It has a west facing view – often considered the most coveted view in Seattle. You get the water, the mountains and amazing sunsets. In addition to that, the viaduct, an above ground 2 story freeway along Seattle’s waterfront is coming down.

This is a prime example of Seattle growing up and attracting home owners and investors that are not just enamored with a particular view, but the surrounding neighborhood and the upside in living here in the City. Not all of the units views are changing – the owner will retain this amazing Seattle skyline view.

The unit sold for $24,000 below the asking price – $975,000. Pioneer Square is home to most, if not 80% of the lofts in Seattle. There are a few in Belltown and Capitol Hill, but most of them are found in Pioneer Square. This unit features 18 foot ceilings, exposed brick, and a private terrace.

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$161,000 Price Reduction At The Lofts

January 22, 2015 By jeffjreynolds Leave a Comment

Looking for a Live/Work space in Seattle?

Check out this 2,624sf space in Pioneer Square. It just had a $161,000 price reduction this week. It has 2 bedrooms, 3 bathrooms, original pine floors, timber ceilings and exposed brick and HVAC. The building is referred to as The Lofts. It has 17 units on 5 levels of living, located at 3rd and Washington. The building was originally built in 1904 and then converted to condos in 1985. The asking price for the space is $989,000. See more details here.

5th Floor Seattle Penthouse Loft, Pioneer Square

November 24, 2014 By jeffjreynolds Leave a Comment

Pioneer Square is known as Seattle’s first neighborhood. It is going through a massive transformation with new restaurants, art galleries and chic industrial space filling up this unique Seattle borough. Despite limited inventory, on occasion, home buyers can find a gem – enter unit 5D on the top floor at The Lofts at 210 3rd Ave.

It is a spacious penthouse with timber ceilings, original hardwood floors and exposed brick. The unit features, 2,264sf with 2 bedrooms, 3 baths and an island kitchen.

The building, has 17 units on 5 floors. It also features secure garage parking and storage. The subject property, unit #5D is currently on the market for $1,150,000.