This year according to the MLS, there has only been one sale in the close proximity to the Magnolia Village. This sold Magnolia condo was in the Bellagio Condo building ( 2425 33rd Ave W, Seattle, WA 98199) and was unit #201. It was listed for $436,000 and sold for $405,000. This Bellagio Condo for sale was an end unit and just steps to all the cool stuff in Magnolia Village. It was a 2 bedroom and 2 bath unit with 1373 square feet and tool 143 days on the market to sell.The monthly dues on it was $417 at last check.
The Magnolia Bellagio Condos were built in 2003 and finished in 2004 with 3 levels of condominium homes. They are located at the corner of 33rd West and Smith Streets in the very heart of the Magnolia Village and offer many great upscale amenities like jetted tubs, underground secure parking and storage. These are Magnolia condos that you will find nice finish work like granite slab counters and lovely walk in closets plus large layouts and radiant heated floors. At last check, homeowner dues covered garbage and water and sewer and pets are allowed subject to restrictions. There are 27 condos in The Bellagio with luxurious finishes and they simply do not come on the market very often.
The interesting thing about this is that many would be Magnolia condo sellers might be afraid to put their Magnolia Village condo on the market right now because they are frightened of the current Seattle real estate market. Real estate is VERY local and the Magnolia Bellagio Condo building has little turnover and homeowners here are for the most part NOT UPSIDE DOWN unless they refinanced and took out more equity since purchasing their units. Even in some of those cases the current demand for Magnolia condos is still strong enough that it could support additional values. This latest sale for example did not sell for less than it was purchased for. In fact, it held its value through double digit declines since the date it was purchased.
Looking at other active Magnolia Village condos for sale right now, there is only one in the Villager on Magnolia building – a small Magnolia Village condo complex located at 2506 32nd Ave , Seattle, WA 98199. The Villager on Magnolia only has 7 units and turn over is very rare. It is an affordable Magnolia condo building with low dues and taxes and an excellent way to live in Seattle’s Magnolia neighborhood and enjoy all that others pay A LOT more to enjoy living around!
If you are interested in buying a Magnolia condo or selling your Magnolia home or condominium, then I would love to talk to you about the opportunities out there right now. There are positive forces in the market which support greater sales to come – let us know if we can help you meet your goals. I am happy to help in any case and can answer any of your questions about the Magnolia real estate market. -Courtney Cooper 206.850.8841 email@example.com