Queen Anne Condo On Olympic Place 98109

Queen Anne CondosQueen Anne Condos:

Just closed in escrow yesterday!

500 W Olympic Place

Seattle, WA 98109

Seattle Realtor Molly Cartwright did a fabulous job representing the seller of this Queen Anne Condo.  We received more than one offer and the property did sell for 101.97% over  list.  This is a good rate for a condo in that price range.  Please let us know if you have a Queen Anne condo for sale.  We have other buyers interested and Seattle real estate inventory is extremely low.

Queen Anne condos sell quickly so if you are a buyer looking for a home and want to learn more information about buying a condo, please let us know – we are happy to help and have been quite successful in representing our buyers in multiple offers.  We can help you with Queen Anne condos or other Seattle condos and have a great grasp on the current market and what it takes to buy a home in this environment.  We also have fun finding the cool view condos if that is what you are interested in.  The Space Needle views from Queen Anne never grow old and it is an amazing city to live in. Queen Anne is rich with history, but also extremely “with it” when it comes to what people want in their community. It’s an exciting place and we look forward to sharing our favorite Queen Anne spots with you.

Here is how you can reach us:

Molly Cartwright 206-841-6800 (call/text)

Courtney Cooper 206-850-8841 (call/text)

You can also email us at QA@CooperJacobs.com  We look forward to hearing from you.

Seattle Real Estate: Interest Rates, Affordability, And What’s Next

Looking At Seattle Homes For Sale, Interest rates, and Affordability – Should You Buy Now?  Or Wait?

The fact is that interest rates on 30-year, 20-year and 15-year fixed rate mortgages are some of the lowest in history.  We don’t know how they will increase over the next two years.

In discussions with friends about their plans to purchase a home I often hear them say that they would like to purchase in a year or two.  This is great news for everyone.  However, I usually try to educate them on the current advantages of low mortgage interest rates. – Cooper Jacobs Real Estate

Taking advantage of a 4% or lower loan rate can save prospective homebuyers thousands, if not over $100,000 in the amount of interest paid on the life of a loan.[1] Currently, interest rates on a 30-year fixed loan are setting at 4.02%.  That is the lowest since June 2013.[2] With the economy on track for a solid 3.5% annual growth and inflation rising, investors are beginning to dump bonds for stocks.[3] This, in turn forces financial institutions to raise the interest rates on loan products to keep a profit.

Seattle homes

The economy is no doubt on an upward trajectory.  Baring another economic disaster, the economy will continually improve and force interest rates up.  Can we predict whether interest rates will be significantly higher in 2016?  The answer is no.  However, we can say with confidence that they will be higher and when it comes to your money every dollar matters.

Current homeowners are taking advantage of these low interest rates by refinancing.  They understand the significant savings to be had by leaving their 30-year fixed rate mortgage for a new 20-year or 15-year fixed loan instead.  In fact, 44% of people who refinanced in the third quarter “ditched their existing 30-year fixed rate loan in favor of a shorter-termed 15-year or 20-year loan.  It’s the second quickest exodus from the 30-year fixed rate mortgage in recorded history…”[4]

So, instead of putting off the home buying process for another year or more, people should begin to get their feet wet.

  • Build a relationship with a local Seattle Realtor
  • Ask your Realtor for their trusted resources such as a referral for a lender.
  • Find out what kind of loan options you can qualify for and what is available.

By taking advantage of these resources you can be prepared to pull the trigger when you find a home that you love.  It should also be noted that using a Realtor that is from your neighborhood is a service that will cost you, as a potential home buyer, nothing out of pocket.  So, let a professional help you do the searching and narrow down the choices for you.  In the end, it is all about making things smooth and easy while saving money.


[1] Lisa Ward, “The Steep Cost of Not Refinancing,” The Wall Street Journal, November 9, 2014.

[2] Average 30 Year Fixed Mortgage rates, http://www.mortgagenewsdaily.com/data/30-year-mortgage-rates.aspx

[3] The Detroit News, “U.S. 30-Year Mortgage Rate up to 4.02%,” http://www.detroitnews.com/story/business/personal-finance/2014/11/10/mortgage-rates-rise/18779027/

[4] Dan Green, Today’s Low Mortgage Rates Push Borrowers Away From 30- Year Loans, http://themortgagereports.com/16858/freddie-mac-refinance-report-transition-15-year-30-year-mortgage-loan

Cooper Jacobs Real Estate  206-236-9696

Penthouse Unit Available In Veer Lofts!

The two level Veer Lofts Penthouse is available!

Veer Lofts Penthouse

Inspiring South Lake Union Penthouse with sun-drenched floor to ceiling windows & 18 foot ceilings. Urban luxury living at its best has exciting spaces including open hip kitchen & floor plan, beautiful master bed/bath, & flexible spaces for guests/office.

Enjoy your outdoor entertaining spaces & Space needle views: 3 decks with hundreds of square feet of space! A block to streetcar, 2 blocks to Lake Union Park, near Amazon, storage, 2 Parking spots, 2 approved bike racks, + this unit can have a BBQ!   $885,000

For more information, please visit our Veer Lofts page, South Lake Union Real Estate page, or the full MLS listing:  401 9th Ave N.  Additionally, here is a photo gallery of more pictures of this luxurious Penthouse loft in the desirable heart of Lake Union!

For your own private showing:  Molly Cartwright at 206.841.6800 or Courtney Cooper 206.850.8841.  You can also email us at molly@cooperjacobs.com  or courtney@cooperjacobs.com

Ballard Waterfront Condos: Sunset West On Shilshole

Sunset West Condos on ShilsholeLooking at the last 180 days of the Ballard real estate market and specifically at the Sunset West Condominium complex on Shilshole, there has been some interesting activity to share.

A background for the Sunset West on Shilshole in Ballard:  This highly sought after condominium complex was built in 1968 on the Shilshole Bay and is located at 6533 Seaview Ave NW and 6535 Seaview Ave NW.  There are less than 200 units in the complex and it is loaded with amenities.

Sunset West Condos For Sale Right Now:Sunset West On Shilshole

There are currently 4 Sunset West condos for sale which range from 534,900 for a 2 bedroom 1.5 bath to 925,000 for a 3 bedroom 1.75 bathroom view home.  The average days on market is 53 days with a range of 16 days to 80 days.

Sunset West Condos For Sale That are pending in the MLS with offers:

There are currently 3 Sunset West condos for sale that are pending which range from 325,000 for a 1 bedroom 1 bath to 579,950 for a 2 bedroom 1.75 bathroom view home.  The average days on market ranges from 26 to 107 days. Two of these are pending in escrow and one is pending inspection in the MLS currently.

Sunset West Condos for saleSunset West Condos That Have Sold In The Last 180 Days:

There are 4 Sunset West condos that have sold in the MLS in the last 180 days.  These ranged in final list price from $375,000 for a 1 bedroom 1 bath to 899,950 for a 3 bedroom 1.75 bathroom view home.  The average days on market was 31 days with a range of 1 day to 58 days. If you are interested in the SOLD prices for these Sunset West Condos for sale, the final sales numbers are below:

6535 Seaview Ave NW #B710, Seattle, WA 98117 (1BD/1BTH/960SQFT)

Sunset West Unit B710 sold on 3/21/2013 after only 1 day on the market.  It was listed for $375,000 and sold for $381,500Sunset West Condos In Ballard

6535 Seaview Ave NW #B212, Seattle, WA 98117 (2BD/1.75BTH/1120SQFT)

Sunset West Unit B212 sold on 5/23/2013 after 58 days on the market.  It was listed for $425,000 and sold for $400,000

6535 Seaview Ave NW #A712, Seattle, WA 98117 (2BD/2BTH/1350SQFT)

Sunset West Unit A712 sold on 6/17/2013 after only 7 days on the market.  It was listed for $650,000 and sold for $640,000

6535 Seaview Ave NW #A301, Seattle, WA 98117 (3BD/1.75BTH/1600SQFT)

Sunset West Unit A301 sold on 4/10/2013 after 58 days on the market.  It was listed for $899,950 and sold for $875,000.

The average dollar per square foot for the Sunset West condo sold units in the MLS  is $443.87 and overall for all of the above Sunset West condos for sale, pending, and sold, the average dollar per square foot is $480.73 with a range of $357.14 to $660.95 depending on condition, upgrades, view, size, etc. Let us know if you are interested in finding out how much your Sunset West Condo is worth.

If you are interested in a great Ballard waterfront condo, then here is a great Sunset West On Shilshole Condo For Sale:

Shilshole Bay waterfront condos balcony

6535 Seaview Ave NW #602B

Even on a dreary grey day in Seattle, this is a premier waterfront location with beautiful views.  One of the coveted 3 bedroom end units is for sale at Sunset West!  All of the pictures above and below, BTW, were from this Unit!  It is truly remarkable!

Here are the remarks from the Cooper Jacobs Real Estate Listing :

Just what you’ve been waiting for! All done with exquisite style and grace in premier Sunset West Condominiums.  Big active views of the marina, Shilshole Bay, Puget Sound, and the Olympic Mountains in Ballard’s vibrant waterfront  Shilshole neighborhood.  Enjoy 24 hr security gate, large outdoor pool, lush grounds, and tons of parking for you and your guests.

Spacious end unit has 3 bedrooms, 1.75 baths. Kitchen with granite counters, oodles of cabinet space & new high end appliances. Separate utility room with over sized front loading washing machine and dryer. Sumptuous master suite. 2 view decks off living room, dining room, & master bedroom. We are happy to give you a private tour while it lasts and show you all the amazing amenities of this particular condominium complex on Ballard’s Shilshole Bay waterfront.

Sunset West On Shilshole Bay Seattle

Sunset West On Shilshole Bay Seattle:  Looking for a premier Seattle waterfront condo with incredible views?

Shilshole Bay waterfront condos balcony

6535 Seaview Ave NW #602B

Even on a dreary grey day in Seattle, this is a premier waterfront location with beautiful views.  One of the coveted 3 bedroom end units is for sale at Sunset West!  Here are the remarks from the Cooper Jacobs Real Estate Listing:

Just what you’ve been waiting for! All done with exquisite style and grace in premier Sunset West Condominiums.  Big active views of the marina, Shilshole Bay, Puget Sound, and the Olympic Mountains in Ballard’s vibrant waterfront  Shilshole neighborhood.  Enjoy 24 hr security gate, large outdoor pool, lush grounds, and tons of parking for you and your guests.

Spacious end unit has 3 bedrooms, 1.75 baths. Kitchen with granite counters, oodles of cabinet space & new high end appliances. Separate utility room with over sized front loading washing machine and dryer. Sumptuous master suite. 2 view decks off living room, dining room, & master bedroom. A must see!

All The Single Ladies: Female Homebuyers The New Norm

As a broker for the past eight years, and as a woman with quite a few female friends who are single into their 30s and 40s, I have noticed a growing phenomenon. The Single Female Buyer.

With women more employed than ever, and with the average couple marrying later and bringing their own assets and properties to the relationship, women are not waiting until marriage to buy their first home.

According to the State of the Nations Housing: 2009 report, compiled by the Joint Center for Housing Studies of Harvard University, “social and economic trends have given women a more powerful presence in housing markets. Between 1980 and 2000, the number of households headed by unmarried women increased by almost 10 million.” The same study, however, also states that, “because women still earn less on average than men do, they are more likely to face housing problems than either married-couple households or households headed by unmarried men.”

Statistics on Women and Homeownership

  • Interestingly, single female buyers accounted for nearly twice as large a share as single male buyers for both first-time buyers (23 and 15 percent) and repeat buyers (17 and 9 percent).
  • Twenty percent of recent home buyers were single females, and 10 percent were single males.
  • More women (15.5 million) than men (11.8 million) lived alone. Among these, women were more likely than men to own their homes (56% vs. 47%).
  • About one-quarter of the nation’s nearly eight million single mothers spend more than half of their incomes on housing, compared with one-tenth of households headed by single fathers.
  • Over the time period of 1994-2002, the number of unmarried females owning homes climbed from 13.9 million to 17.5 million.

Below is a slew of articles chronicling this rapidly growing phenomenon and suggesting to you, the Single Female Buyer, what you ought to do in terms of real estate investment. My advice is from the heart: buy a home. If you can find a way to do it, especially now that we have gotten through the slump and are in a healthier economic climate, do it.  Nobody can evict you, raise your monthly housing cost, tell you not to paint the kitchen yellow, restrict your pets, etc. Because land ownership has not historically been a woman’s place, it was hard for me to find a great quote by a woman pertaining to this. But as a wise man once said, “Buy dirt, they aren’t making any more of it”. Ownership of one’s home is powerful, both financially and personally. There is nothing I love more than seeing someone become more empowered. Unless that person is trying to take my parking spot.

Sources: 2011 NAR Profile of Home Buyers and Sellers, (Chicago, IL: National Association of REALTORS®, 2010) and The State of the Nation’s Housing: 2012, (Joint Center for Housing Studies at Harvard University, 2012).

Single, female and shopping for a home, (MSN Real Estate, Jan. 29, 2013).

Guess Who’s Driving the Demand for Rental Apartments?, (CNBC, Jan. 29, 2013).

Here’s Some Advice For All The Single Ladies Flooding The Housing Market, (Business Insider, May 16, 2012)

Singles dive into the real estate market, (MSNBC, July 12, 2011).

What Women Home Buyers Want, (Builder, Jan. 14, 2011).

Women Home Buyers, a Major Economic Force in the Industry, Have a Language All Their Own, (NAHB, Aug. 23, 2010).

Single Women Home Buyers: Key to the Housing Recovery?, (AOL Real Estate, May 14, 2010).

Wanted: Single Women Home Buyers, (SmartMoney, Apr. 9, 2010).

Singles, especially women, a growing share of homebuyers, (Chicago Tribune, Feb. 28, 2010).

Women make up their mind faster when buying a home, (Inside Tucson Business, Sept. 11, 2009).

Gender differences abound in the home-buying process, (RISMedia, Sept. 1, 2009).

Single women skilled in house buying, (Washington Times, July 11, 2008).

Women homebuyers growing in number, (Ventura County Star, Jan. 27, 2008).

They’re buying solo, (Newsday.com, Mar. 15, 2007).

Singles taking stride in the home buying market, (The Hammond Times,Feb. 17, 2007).

As the Nation Changes, So Do Home Buyers, (RISMedia.com, Feb. 13, 2007).

How To Buy When You Already Own

How To Buy When You Already Own
Do you own your home or condo but want to sell it and buy something with more space, a different location, or perhaps a view?

One option is to take out a HELOC. A Home Equity Line of Credit (ask me for a lender with great programs of these right now) lets you take out a certain percentage of your home’s equity to use as a downpayment on your new home. To find out how much equity you have, contact a Realtor, like myself, to research the value of your home (it changes ALL the time). If you have a certain percentage of equity, you can qualify for a new loan. And if you’re preapproved for your new home loan, I can get the home you want to sell prepped for the market pronto!

Another option is a bridge loan. A bridge loan has some ramifications though. They generally tend to have higher interest rates and need to be paid back in a specified amount of time. It’s like a short term loan on your current property to buy a different property. It’s all about timing with a bridge loan. You can find out more about bridge loans HERE.

You can always make an offer contingent on your home selling. This is perhaps the option offering the least amount of risk. Of course with our current market today, properties are moving fast and a contingent offer isn’t as clean as an offer with a definitive close date, for example. But if are you a homeowner considering the contingent offer option, consider the right list price and a home in tip-top shape, it won’t take long to sell.

molly a. cartwright | seattle realtor
cooper jacobs real estate, llc
206.841.6800
“Serving home buyers and sellers in Seattle’s most popular neighborhoods”

Queen Anne Open House Today Until 4PM

New Queen Anne View Homes For Sale Listing:

1901 Taylor Ave N #PH 6, Seattle 98109

$750,000

Open Today Until 4PM

Spacious penthouse condo in prime Queen Anne location has it all: Massive master suite & huge walk-in closet, 2nd bedroom, spacious office with wall of built-ins. Open floor plan, gas range, cherry cabinets & granite counters. 2 secure parking spots, huge storage room & plentiful storage throughout. Full size laundry, sound system, A/C, hardwoods & skylights.queen anne view homes

  • 2 Bedrooms
  • office
  • 2 Baths
  • Built in 1999
  • 1804 Square feet
  • Private Laundry
  • Fireplace
  • City views
  • Mountain views
  • Lake Views
  • Territorial Views

Big deck with great views of Lake Union & downtown!

Lives like a house in a quiet, green neighborhood with the convenience of downtown!  Come see why there are very rarely homes available in The Verandas on Queen Anne!

Listed  Cooper Jacobs Real Estate

realestate@cooperjacobs.com

If you would like more information on this amazing Queen Anne View home or other Queen Anne Real Estate, let us know!

1901 Taylor Ave N, Queen Anne View Penthouse For Sale

New Queen Anne View Homes For Sale Listing:

1901 Taylor Ave N #PH 6, Seattle 98109

$750,000

Spacious penthouse condo in prime Queen Anne location has it all:

Massive master suite & huge walk-in closet, 2nd bedroom, spacious office with wall of built-ins. Open floor plan, gas range, cherry cabinets & granite counters. 2 secure parking spots, huge storage room & plentiful storage throughout.

queen anne view homes

Full size laundry, sound system, A/C, hardwoods & skylights.

  • 2 Bedrooms
  • office
  • 2 Baths
  • Built in 1999
  • 1804 Square feet
  • Private Laundry
  • Fireplace
  • City views
  • Mountain views
  • Lake Views
  • Territorial Views

Big deck with great views of Lake Union & downtown!

Lives like a house in a quiet, green neighborhood with the convenience of downtown!  Come see why there are very rarely homes available in The Verandas on Queen Anne!

Listed By  Cooper Jacobs Real Estate

realestate@cooperjacobs.com

If you would like more information on this amazing Queen Anne View home or other Queen Anne Real Estate, let us know!

Queen Anne View Home For Sale: Open House Tomorrow!

812 5th Ave N #416, Seattle, WA 98109

$289,950

Open Sat 3/10  2:30-5:00 PM

  • 1 Bedroom
  • 1 Bath
  • City Views
  • 709 Square Feet
  • Built in 2002
  • HOA: $264/month

Stunning View Seattle Queen Anne home for sale!

This lavish 1 bed 1 bath top floor corner unit condo in the heart of Queen Anne boasts vaulted ceilings, modern architecture, s.s. appliances, and an open floor plan. Spectacular city, territorial, and Space Needle views.

Other features include secure lobby entrance, assigned secure parking space, new carpet, elfa closets, and huge common patio great for barbecues. Within walking distance to fine dining, performing arts, and shopping. Easy access to all major Seattle commuting routes as well!

Listed by  Cooper Jacobs Real Estate.  You can reach us via email at QA@cooperjacobs.com if you are interested in this Queen Anne view condo or other Queen Anne homes for sale.