Nobody likes hearing that there’s going to be a special assessment they will have to start paying. An unfortunate circumstance can always be understood, but when lack of upkeep and maintenance causes an unexpected dent in everybody’s bank account, it can cause you to lose sleep at night.
Over the last year or so, we’ve been able to instill more confidence in our perceived value of three downtown condo buildings just because their Homeowner’s Associations have made proactive decisions to improve their property, rather than waiting for what could have been an improvement to be a maintenance issue.
Last year, Market Court made the decision to replace the buildings windows and siding, since it originally wasn’t done to their standards to begin with. In March 2009, Bay Vista Tower informed us that they were renovating their amenity floor and should be finished in the next week or two.
The Ellington is also now on that list of downtown addresses that has an HOA an interested buyer can feel good about. Between now and through October, you may see they’re replacing some of the building’s sealant, doing pressure washing, and even doing some painting here and there. It may not be a breaking news story, but as Realtors it’s one of those little things we pay attention to for our clients. It’s easy for buyers to sometimes be sold on a project boasting about their granite countertops and stainless steel appliances, but a solid HOA will serve you the best in the long run.
November 15, 2007 by James
Filed under 1st, Belltown, Club House, Concierge, Courtyard, Ellington, Exercise Room, Game/Rec Room, GGLO, Guest Suite(s), Hot Tub, Intracorp Companies LLC, Olympic Sculpture Park, PCL Construction, Seattle Center, Terrace
Address: 2801 1st Ave., Seattle, WA 98121
CONDOS FOR SALE
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The Ellington is 2 twin towers that stand 12-stories located on 1st Avenue in Belltown. The community is a mixed-use property with 204 condominiums and retail space on the ground floor. The Intracorp property, constructed by PCL, includes stuidos, 1-bedrooms and 2-bedrooms that range from 450 to 1,400 square feet. Original prices were between $140,000 and $750,000. Interiors were designed by H2K Design and JGL Accoustics reviewed plans to make recommendations for interior sound isolation. Other leaders who have contributed include GGLO Architects, KPFF Consulting Engineers and Cary Kopczynski Structural Engineers. The Ellington features upscale amenities such as a health club, guest suite in each tower, 24-hour concierge and water feature in the exterior courtyard as a tribute to the Northwest.
- Year Built: 2000
- Number of Units: 102 & 102
- Number of Stories: 12 & 12
- Exterior: Stucco
- Pets: Subj to Restrictions
- H/O Dues Included: Central Hot Water, Earthquake Ins., Garbage, Water/Sewer
- Common Property Features & Amenities: Cable TV, Club House, Concierge, Disabled Access, Elevator, Exercise Room, Fire Sprinklers, Game/Rec Room, Guest Suite, Hot Tub, Lobby Entrance, Security Gate
- Black Bottle
- Boilermakers Local 104
- Chocolati Cafe
- Crescent Arms Dry Cleaning
- Lighting Supply
- Marco’s Supperclub
- Mira! Restaurant & Lounge
- Sushi Kyo
- The Bronze Bar
- Tully’s Coffee
- Wallbeds Northwest
- Wild Fish
ADDITIONAL OPINIONS & REVIEWS
*Data is deemed to be reliable, but not guaranteed. In some cases, number of units may include commercial and residential spaces and/or height may or may not include a 13th floor.