Bellora Penthouse Condo Headed to Foreclosure Auction, in 2005 $1.5 Million, Now $800,000

Bellora Penthouse Condo Headed to Foreclosure Auction, in 2005 $1.5 Million, Now $800,000

  • Jeff Reynolds
  • 03/9/12
Wow. You don’t see this very often. If I were only in the market for a penthouse right now!
One of the Bellora Penthouse units is headed to foreclosure today (public auction).  This Seattle condo located in Belltown was last purchased for $1,495,000 in 2005. As of 9am this morning it has has a minimum bid of $800,000. It is a 2 bedroom, 3 bath unit plus den. It has floor to ceiling windows with big views of Elliott Bay and the Olympic Mountains. It features bamboo flooring, granite countertops and high-end appliances and at 2003 sq. ft, the asking price of $800,000 puts the cost per square footage at $399!
At $400 per square foot for a Seattle penthouse, I’d say thats a pretty incredible deal. Take a look at the penthouse for sale at the Concord.  These buildings were built just 3 years apart and many would argue that they very much alike in their offering and quality of construction. With that said, one is for sale at $1,795,000 (Concord) and the other mentioned above is 300 sf more and priced by the bank at $800,000 for today’s auction (Bellora).

2929 1st Ave Penthouse #2


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Jeff Reynolds is a distinguished real estate broker affiliated with Compass Seattle and the visionary behind UrbanCondoSpaces, the premier condo team specializing in Kirkland, Bellevue, and Seattle. UrbanCondoSpaces (UCS) is not just a team; it's a specialized blog dedicated to the intricacies of urban living. With over 18 years of expertise navigating the condo markets in Seattle, Kirkland, and Bellevue, Jeff has successfully guided numerous individuals through condo transactions. His unparalleled knowledge and unwavering commitment to clients position him as the go-to expert for condo transactions. Whether you are considering a stylish condo in Bellevue or looking to sell in Kirkland or Seattle, connect with Jeff Reynolds to ensure optimal results for your real estate endeavors.

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