Saturday, April 12, 2008

Water's Edge

Last week I visited the Water’s Edge in Rainier Beach. This condo offers great views of Lake Washington. The prices are very reasonable for a water front property. Units have nice lighting and nice decks. Check it out.

Rainer Beach Market Summary As Of 4/12/08

• Rainer Beach Market Summary As Of 4/12/08

This summary includes Rainier Beach, Upper Rainer Beach, Dunlap, Pritchard Beach and Kubota Gardens, with a north boundary from Kenyon, south boundary of Bangor, east boundary 62nd Ave South, and West Boundary of Martin Luther King Way, using the information available on the NWMLS.

Currently there are 71 active residential listings on the market.
Low $145,000
• Median $ 388,500
• High $3,385,000
Average Price per Square foot is $225.30


Currently there are six multi family houses on the market.
High price $1,890.000
Median $465,969
Low $344,950

Average Price per Square foot is $225.30

Currently there are 6 vacant residential development lots on the market.
High price $495,000
Median $224,450
Low $203.950

Saturday, March 15, 2008

Rainer Beach Market Summary As Of 3/14/08

This summary includes Rainier Beach, Upper Rainer Beach, Dunlap, Pritchard Beach and Kubota Gardens, with a north boundary from Kenyon, south boundary of Bangor, east boundary 62nd Ave South, and West Boundary of Martin Luther King Way, using the information available on the NWMLS.

Currently there are 61 active residential listings on the market.
High $3,85,000
Median $ 399,950
Low $236.700
Average Price per Square foot is $230.60


Currently there are five multi family houses on the market.
High price $540,000
Median $429,133
Low $354,950

Average Price per Square foot is $186.58

Currently there are 5 vacant residential development lots on the market.
High price $1,000,000
Median $224,950
Low $224,450

Over the last two weeks 9 house are pending, 2 are subject to inpsection, and none have been closed. This indicates that the nice weekend and the open houses brought out the early buyers. Twenty new houses have been placed on the market, which brings the total available properties to 61. The average price is up, which shows that the market is not declining in Rainier Beach area. Probably due to the price of gasoline which makes close in neighborhoods more desireable.

Sunday, March 2, 2008

Rainier Beach Development Rummors.

I heard a while ago that the reason that Walgreen's did not build at 51st and Rainier was there was a stream on the site. I heard today from another source that the reason due to limitations on access to Rainier and the set back from the wetland behind the property.

I checked out the city wetland maps and saw that they show a small wetland mid block behind the multi family listing at 4617-19 Henderson Street. It is very small, and when I checked it out from the street it looks like the area drains to this area.

The Seward Park Center at the corner of 56th Ave S/ Seward Park Ave S and Rainier Avenue is up for lease. It looks like they have done a nice job of remodeling the place. I do wish they would pave and strip the parking lot. This would improve the looks a lot.

The Henderson Street Light Rail Station is looking very nice. It will be a real asset when this is done.

The house across from Kubota Gardens entrance, the one that is not finished, just framing, windows and a roof, is reported that they owner ran out of money. Looks like an intersting design.

Rainer Beach Market Summary As Of 3/2/08

Sunday March 2, 2008


This summary includes Rainier Beach, Upper Rainer Beach, Dunlap, Pritchard Beach and Kubota Gardens, with a north boundary from Kenyon, south boundary of Bangor, east boundary 62nd Ave South, and West Boundary of Martin Luther King Way, using the information available on the NWMLS.


Currently there are 53 active residential listings on the market.
Low $236,700
Median $ 389,500
High $1,198,000
Average Price per Square foot is $231.71


There are a lot of good houses on the market right now.


I checked out this great the starter home, the house at 9611 56th Ave South, at $369,000 is one of the best values in the neighborhood. Nice street appeal, and the house has a garage access from the alley.


The new construction at 8301 54th Ave S Seattle, WA 98118, has recently been relisted at a lower price, at $739,000. Nice house


For a large mid entry home, the house at 9673 54th Ave S, is offered at $489,950. This house is large with lots of bedrooms, and has been remodeled so it feels like a new house.

Currently there are six multi family houses on the market.
High price $550,000
Median $439,975
Low $354,950
Average Price per Square foot is $184.81


This week there is a new multifamily listing on the market, the house located at 9262 51st Ave S, which is a duplex. The price of $170.65 is reflects both the value of the land on which it sits and the need for some upgrades to the property.

Currently there are 6 vacant residential development lots on the market.
High price $1,000,000
Median $224,450
Low $203,950

Three of these parcels are next to each other. Perfect properties for a builder.
The $1,000,000 property is a trustee sale of some land in the development stages.

Saturday, February 23, 2008

Rainer Beach Market Summary As Of 2/20/08


This summary includes Rainier Beach, Upper Rainer Beach, Dunlap, Pritchard Beach and Kubota Gardens, with a north boundary from Kenyon, south boundary of Bangor, east boundary 62nd Ave South, and West Boundary of Martin Luther King Way, using the information available on the NWMLS.
Currently there are 50 active residential listings on the market.
Low $236.700
Median $ 379,975
High $759,000

Average Price per Square foot is $224

Currently there are five multi family houses on the market.
High price $550,000
Median $447,970
Low $399,950
Average Price per Square foot is $184.81

Currently there are 5 vacant residential development lots on the market.
High price $1,000,000
Median $224,450
Low $224,450

Tuesday, February 19, 2008

Weekend Rambles














Weekend Rambles

A look at selected properties listed in Rainier Beach

8301 54th Ave South, MLS number 27103918 , The picture above is from the master bedroom

This is one of three new homes built just of Seward Park Ave South. The houses have been built that the Lake Washington view is preserved from each house. The house has all the necessary nice touches. I liked the master bedroom lay out, being able to wake up and see the lake is cool.
This house is walking distance to Pritchard’s beach, one of my favorite public, but private feeling beaches on Lake Washington. I like it be cause the beach is sunny on most afternoons, and there is a nice walking trail in the woods just south of the beach.

Just around the corner is house where the value is in the land. Check out 845 55th Ave S, MLS# 28021629, if you are looking for some place to build your own house. Again, this is a great little neighborhood, walking distance to nice beach and a short walk to the shopping area of Rainier Beach.

Wednesday, February 13, 2008

  • Rainer Beach Market Summary As Of 2/13/08

    This summary includes Rainier Beach, Upper Rainer Beach, and Brighton as drawn with a 1/2 mile radius from 51st and Rainier Avenue South using the information available on the NWMLS.

    Currently there are 20 residential houses on the market.
    High price $565,000
    Median $399,475
    Low $239,00

    Average Price per Square foot is $203.49


    Currently there are five multi family houses on the market.
    High price $550,000
    Median $447,970
    Low $399,950

    Average Price per Square foot is $184.81

    Currently there are 4 vacant residential development lots on the market.
    High price $203,950
    Median $203,950
    Low $200,000

    Average Price per Square foot is $184.81

Tuesday, February 5, 2008

Seattle four plex
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Monday, February 4, 2008

Four Plex Four Sale

Check out this four plex

http://bretzkeproperty.googlepages.com/

This is the second investment property that my wife and I purchased. We purchased with owner occupied financing. We lived in the owners unit for a year. My wife got a job in Redmond, so the commute was rough on her, so we moved to the Leschi community, but I fell in love with the neighborhood because of the good restaurants, and potential for the real estate upside in the under discovered neighborhood it is.