After being repossessed by bank, luxury condos in a home building at Queen Anne Hill are now attracting the public and selling fast. The home building, 200 West Highland, which was foreclosed last fall by Bank of America — the lender, is now attracting more buyers for its unsold luxury condo units over the last few months.
A new luxury condominium in Hollywood Beach Florida is also more buyers after being acquired by a new owner. Trump Hollywood, the ocean front home building has sold a total of 19 units totaling $25 million for the last three months, with prices starting at $700,000 to over $6 million.
The five-storey home building in Queen Anne Hill, Seattle, have three pending sale for the remaining condominium units. For the last four months, 12 of the 17 luxury homes in the building were already sold to various home buyers.
According to the broker who is marketing home building for the Bank of America, Kendra Todd, literally there are only two remaining units left to sell.
In 2008, the residential building’s developer, Lorig Associates, a local real estate firm, was selling the still-unfinished condos for $1.23 million and $4 million.
Last September, the Bank of America foreclosed the remaining 17 unsold units out of the 25, and re-launched it while cutting the starting prices that starts at $700,000 and $1.7 million.
Todd also said the home building’s location is the major reason why the home buyers bought the luxury units.
Located across the Kerry Park, a 1.26-acre park on the south slope of Queen Anne Hill, plus the city skyline and Mount Rainier, the home building has picturesque view point in the area.