Free Greenlake House! If You Can Move It

Build Urban is in the process of getting a lot prepared for new townhomes in Green Lake, and, they have a unique offering for anyone who can move it – a  2,190 sf 1914 built 5 bedroom home for FREE. That’s right- the Seattle Developer is offering a home, located at 6529 4th Ave NE absolutely free of charge to anyone who is able to move it, in hopes of saving it from demolition. greelake home

The new townhome project, Radius will feature 8 homes that have a contemporary edge, and each home will face the interior courtyard that winds through the site. This project is going to be designed for a Built Green 5 Star rating, and features could include in-floor radiant heating, fabricated metal railings, and a livable rooftop terrace equipped with sink and BBQ hookups. But if you’re interested in the home that is sitting on that lot now, contact Build Urban today to learn more details.

Attention Buyers: Tips To Win A Bidding War

Bidding wars are becoming commonplace in popular Seattle neighborhoods on homes that are reasonably priced – so how do you make your offer stand out from the rest? There are a few things you can do, once you’ve figured out with your broker a price that seems appropriate given what other homes have sold for in the area, and the asking price. You’ve likely been checking out listings online, so the price suggested should not come as a surprise. You can ask your agent about an “escalation clause”  with your offer, which is an option for buyers to increase their bid up to a certain defined dollar amount if another offer is on the table. This would then bump up your offer up to however much you’re willing to spend, but would also help cap your overspending, as the last thing any buyer wants to do is overpay for real estate. Wash park home11

The other big problem buyers are running into today is figuring out how to outbid cash buyers. Cash buyers are more attractive to sellers because there are fewer contingency hoops to jump through, and usually means a faster closing window. Cash buyers can close in as little as a week, whereas financing can take 30 days to close. If you know you’ll be financing your home, ask your real estate agent if they work with a mortgage consultant and establish that relationship before you place your offer, that way you’ll have head start on other finance buyers, and might even be able to close in a little over a week if you have a mortgage broker on hand to assist you in a pinch. If you’d like more information on buying a home in Seattle, contact your local real estate agent today!

City Council Limits Building Heights On Small Lots

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Five of nine Seattle City Council members voted yesterday to set limits on building heights for homes built on small lots in single-family zones, an issue that has come to the forefront after an uptick in developers building tall (30 feet plus) narrow homes on lots that have been carved from back and side yards of stand-alone houses. The Seattle Times reports that the council vote set the height limit at 18 feet plus a five-foot pitched roof, or the average height of the surrounding homes, whichever is taller.

Residents have complained that homes built on these small lots sacrifice lawns, open space and trees in the name of density and are often out of scale with the more traditional homes in the neighborhood. Along with the building height limit, regulations will now prohibit development on lots smaller than 2,500 square feet, and neighbors will have the right to appeal proposed development on lots smaller than 3,200 square feet, according to the Times article. Council members also voted down what was called the “100 percent rule”, which would have allowed building on smaller lots if the lot was the average size of others on the same block.

 

Tips For Getting All You Can From An Open House Visit

Have you ever wondered what you’re supposed to do at an open house visit? Open Houses have been around for decades in the real estate business, and many buyers will go from open house to open house, not really sure of what they should be looking for. Here are a few tips for what you should be gaining after viewing a neighborhood home. open-house-illustration

Prospective buyers today have a number of resources at their fingertips to get a feel for the real estate market in their neighborhood. There are a number of mobile apps and online search tools that can give you a good idea of what pricing is like in the neighborhood, prior to committing to an area or agent. When you visit an open house, you do not necessarily have to sign in- many buyers fear that they will be overloaded with calls and messages once they hand over their contact information, but it is important to at least acknowledge the agent, and introduce yourself when arriving. They may have some information on the home that you didn’t already know from the listing information. If you’re an active buyer who is already working with an agent, do not be afraid to address the agent and give them your agent’s information, if your’e interested in the home. When the listing agents sits down to review the offers, they will then have a face to go along with your name. Look around at the other prospective buyers in the home – you can learn alot about the home’s activity just by looking around at your peers. If several people are walking in an out of the home, there could be some issues with the home. If buyers are sticking around, asking questions and consulting with their spouses, it could be a well priced listing, and you could be in for a bidding war. Open Houses are a great way to see what the agent is like in their element, before you decide on the right agent for you. Are they engaging with you? Are they engaging with others? Get to know the agent before get to decide on the right one for you. If you’d like to learn more about Seattle Real Estate, contact your local real estate agent today.

UW Planning 50-Story Tower In Prime Downtown Location

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The Columbia Center tower could have some competition as the dominating presence in Seattle’s skyline in near future, as the University of Washington’s Board of Regents has approved plans for a 50-story office/apartment/retail/hotel complex that would share a block with the iconic Rainier Tower on the UW-owned Metropolitan Tract of land downtown, according to The Seattle Times.

UW is working with developer Wright Runstad & Co. to develop the complex, which would rise to 795 feet, making it the second tallest tower in the city behind the Columbia Center tower at 937 feet. The tower will house 30,000 square feet of street-level retail, 750,000 square feet of office space and at least 182 apartments, while a 15-story luxury hotel will sit beside it in a separate building. The unique shape of the tower, which consists of a wide base of 33,000 square feet and tapers to just 15,000 square feet at the top, was conceived so it wouldn’t block views of and from the Rainier Tower, which has occupied its precarious-looking pedestal since 1978. The complex will replace the Rainier Square retail mall.

The university has owned the 10.7-acre Metropolitan Tract, which comprises most of the blocks bordered by Union and Seneca streets and 3rd and 5th avenues (where its original campus was located before moving to its current location in 1895) for more than a century, and is hoping a new 80-year ground lease will increase its earnings from the tract to about $4 million per year, up from the $1.5 million it’s making from the current lease on the Rainier Square property.

While the university’s deadline for beginning construction on the complex is 2021, Wright Runstad is hoping to begin as soon as the second half of 2015.

 

Eastside Neighbors Sue PSE Over Proposed Power Lines

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People who own property between Gene Coulon Memorial Beach Park in Renton and Newcastle Beach Park near Bellevue have filed suit against Puget Sound Energy over the placement of a stretch of the proposed 18-mile long high-capacity power lines between Renton and Redmond that are part of PSE’s Energize Eastside project, according to an article in The Seattle Times.

Their lawsuit stems from PSE’s suggested plan of installing power lines on parcels of land on Lake Washington that were originally intended for BNSF Railway use, and later sold to the Port of Seattle after the railroad plan was abandoned. The 74 property owners filing suit contend that the Port only had rights to the corridor’s ground surface, but sold the aerial and subsurface rights to PSE as well. The land owners, along with many other Eastside residents, are hoping to preserve the land as a pedestrian and bike trail, and say installing the power lines would require clearing vegetation and would obstruct shoreline views from the trail.

PSE is considering several alternative routes for the power lines, which are being installed to service the Eastside’s growing population, and the property owner group is encouraging the utility to choose one that doesn’t disrupt plans for the lakeside pedestrian park. PSE will not be applying for permits for the power lines until early 2015, and have said they are dedicating 2014 to gathering public input on the project.