Condos vs Lawsuit: How does Green Lake Compare? Recently I had the need to look up some downtown Seattle condos for a buyer. One right after another I would find the perfect place. And one right after another there were pending lawsuits ~ some even lingering for 4 years. From a faulty roof to some twisting their ankle to the builder’s shoty construction.
Green Lake's Circa Condos
Oh boy, this is going to harder than I thought. Then I encouraged my buyer to look just 5 minutes north to Green Lake. I held my breath as I researched my Condos vs Lawsuit predictament. What did I find?
13 ACTIVE CONDO and/or townhome listings right now in Green Lake. Only one has a pending lawsuit. I can now exhale.
Lenders + pending litigation = red flag.
Lenders see the number of units going up for sale but none of them closing.
If you’re a buyer who has cash or a healthy downpayment – 20…30% or more and want rock bottom prices then by all means – consider buying that bank owned condo. Just make sure the builder has agreed to pay for litigation and remedy the problem in full. Also make sure any assessments are spelled out in the condo association.
The first question I raise when my client is thinking about purchasing a condo is whether the Home Owner Association is healthy. Does it have lawsuits pending, how are the reserves, what condition is the building in, are the monthly HOD in sync with the condition and ammenities of the condo building.
Green Lake is more populated with single family homes but there are some amazing deals right now for condos too ~ as low as $163,400 for a 1 bed 1 bath and clean as a whistle!
I look forward to hearing from you! Feel free to write any comments, questions, or feedback. If you’re in the condo or townhome market, Cooper Jacobs Real Estate would be happy to show you these excellent investments.
Handsome 1910 Green Lake Home Just Listed! Spacious and charming offering an expansive remodel to encompass a friendly floorplan and functional spaces. Nestled between Green Lake and Greenwood, this home offers double dynamic neighborhoods with a walkscore of 83!
Gleaming hardwood floors, tuftex stainmaster carpet, and porcelain tile floors envelope these serene walls. New stainless steel kitchen appliances, Richlite wood countertops, and nifty eating nook takes center stage in the kitchen.
The gas fireplace is the perfect centerpiece between the large dining room and the casual great room to entertain.
2,450 square feet is complete with 4 bedrooms and 2 3/4 bath plus loads of storage space. A perfect resource room or kids corner is smartly designed on the main floor next to the kitchen. Separate heating zoned for upstairs and downstairs for your comfort.
This modern bungalow sits on a quiet, residential street with exclusive driveway, and a huge private backyard.
Oh how I do love Green Lake and the appeal it has over me. I’m a runner, so I want to say thank you for giving me flat trails to run until my heart’s content. But no thank you when I get low times in races with hills.
On a more serious note, Green Lake has tons to offer – we know this, right (?) or else you wouldn’t be reading about this awesome Seattle neighborhood. It has the schools, the park, the location, the water, the views, the new architecture, the old architecture, the history, libraries, pizza joints, amazing schools, and yes Starbucks.
Looking for great Green Lake homes for sale? Well there’s a new kid in town and it’s called 8552 Densmore Avenue North.
This beauty, built in 2006, has over 3,400 square feet of functional, livable space with every inch thoughtfully laidout. Spacious front porch to watch the walkers go by, lofty ceilings with stylish two toned neutral colors to add to the airy appeal. 4 bedrooms and 5 baths including two master bathrooms all on the upper floor. The walk-in pantry keeps the main kitchen virtually clutter-free. An easy two car garage accessed through the private alley. Did I mention the A/C and a back-up generator? This home has it all.
Contact us for a tour!
Link to the outdoor environment. Link to Green Lake Real Estate. Let us know if you want more information about this Green Lake home or Seattle’s Green Lake (Greenlake) neighborhood.
Molly A. Cartwright & Courtney Cooper
Dream Green ~ Dream Green Lake