Monday, August 23, 2010

Olive 8 Condominium Auction

The Downtown Seattle condo Olive 8 will soon be joining the auction trend. Come September 19, some of the luxury condos of the high-rise building will be up for auction by the real estate auction company, Kennedy Wilson. Condominiums up for auction include 1-2 bedroom units up to 1,586 sf. The bidding will start at $160,000, which is pretty nice considering condos were originally priced at the lowest of about $400,000. Still deal seekers should also consider buying through a real estate agent / Realtor outside the auction. As noted in a previous blog written by Nate Pearson, there are limits to real estate auctions. The main limitation to a real estate auction is the only variable is price, while when you make an offer through a real estate agent / realtor you can ask for other considerations such as build-outs etc. Read Nate’s blog for more details.

But no matter what you do, Olive 8 is a building to seriously consider if you are looking for a downtown condo for sale. The accolades over the Olive 8 condominiums have not ceased since it’s opening in 2009. The building is LEED certified (Leadership in Energy and Environmental Design) and is the first Seattle condominium building to receive a silver certification, allowing you to own a green condo in the heart of downtown Seattle. The lowest level home is 18 stories up, as the 17 stories below are occupied by the Hyatt Hotel, providing some of the best views that a Seattle condo offers. Views include those of many Seattle neighborhoods view of the Puget Sound, Lake Union, and Lake Washington waterfronts. In addition, the luxury interiors include hard-wood flooring, Italian cabinetry, stainless steel appliances, unmatched fixtures, and the floor-to-ceiling windows. Moreover, these Seattle condominiums offer residents’ exclusive amenities and along with shared access to hotel amenities. These include, but are not limited to, a 24-hr concierge, a club lounge, entertainment room and dog run. Hotel amenities include room service and housekeeping, a fitness center and spa/Jacuzzi. This is accomplished with relatively low dues for a downtown condominium because the costs are shared with the hotel.

Please contact Ewing and Clark for more information on condo purchases.


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