FHA-Approved Condos

 

With the tightened requirements conventional mortgages bring, more people are turning to FHA loans. Qualifications are a little more lenient, and in most cases only require a minimum 3.5% down payment.

Here’s a list of condos and townhomes with FHA approval (as of 10/04/10). They are sorted by area and in order: Downtown, Belltown, Eastlake, Queen Anne, West Queen Anne, Capitol Hill, Ballard and Magnolia.

For more information on government programs, click on this FHA link. Then fill out our contact form at this Stroupe Group link.  Let’s help you do some happy shopping!

DOWNTOWN

1300 University

5^th and Madison – 909 5^th Ave

98 Union

Bolero – 1323 Boren Ave

Cosmopolitan – 819 Virginia St

Decatur – 1105 Spring St

Escala – 1920 4^th Ave

Florentine – 526 1^st Ave S

Meridien – 1420 Terry Ave

Talisman – 1000 Union St

Waterfront Landings – 1900/1950/2000 Alaskan Way

 

BELLTOWN

Alexandria – 3028 Western Ave

Arbor Place Tower – 121 Vine St

Bellora – 2716 Elliot Ave

Ellington – 2801 1^st Ave

Gallery Belltown – 2911 2^nd Ave

Harbour Heights – 2621 2^nd Ave

Klee – 2701 Western Ave

Market Court – 2030 Western Ave

Matae Belltown – 159 Denny Way

Montreaux – 425 Vine St

Mosler Lofts – 2720 3^rd Ave

Parc-Belltown – 76 Cedar St

Royal Crest – 2100 3^rd Ave

Seattle Heights – 2600 2^nd Ave

Trio – 3104 Western Ave

Vine – 2607 Western Ave

 

EASTLAKE

1100 Harrison

1111 East John

1926 Fairview

2228 Yale

2727 Franklin

535 Summit Ave E

954 Broadway

Arcadian Court – 511 E Roy St

ArtHaus – 735 Federal Ave E

Bamberg – 416 E Roy St

Bellevue Place – 1000 Bellevue Pl E

Belmont Place – 721 Boylston Ave E

Brix – 530 Broadway E

Broadway Plaza – 116 E 11th Ave

Camellia Manor – 501 E Harrison St

Castlewood – 2717 Franklin Ave E

Chancery – 2328 10^th Ave E

Consulate – 2320 10^th Ave E

Corniche – 131 Bellevue Ave E

De Lorge – 325 Harvard Ave E

Eastlake – 3217 Eastlake Ave E

Embassy – 2350 10^th Ave E

Fairfax – 1508 10^th Ave E

Franklin Court – 2827 Franklin Ave E

Garden Court on Belmont – 232 Belmont Ave E

Glen Ray – 411 Boylston Ave E

Gleneagles Townhomes – 603 13^th Ave E

Harbor Pointe – 2611 Eastlake Ave E

Highlander – 525 Belmont Ave E

Ives – 3121 Franklin Ave E

Jackson Court – 530 Melrose Ave E

La Pergola – 730 Bellevue Ave E

Lakeside Terrace – 2012 Eastlake Ave E

Lakeview – 1114 Lakeview Blvd E

Maison D’Or – 75 E Lynn St

Melrose East – 150 Melrose Ave E

Mode – 752 Bellevue Ave E

Nob Hill – 521 Summit Ave E

Park Lane Place – 400 Boylston Ave E

Park Summit – 211 Summit Ave E

Plaza Del Sol – 1711 E Olive Way

Roanoke Place – 2309 10^th Ave

Ruby – 2960 Eastlake Ave E

Sahali – 400 Melrose Ave E

Seacrest – 2703 Boylston Ave E

Sentinel – 320 Melrose Ave E

Shannon – 601 Belmont Ave E

Summit Place – 435 Summit Ave E

Summit Tower – 900 Summit Ave E

Toltec – 630 13^th Ave E

Union Harbor – 2301 Fairview Ave E

 

QUEEN ANNE

1234 Taylor  – 1234 Taylor Ave N

160 Lee St

1629 Condominiums – 1629 Queen Anne Ave N

2001 Westlake – 2001 Westlake Ave N

57 Etruria 

Alterra – 1000 Aurora Ave

Ashbury – 18 Dravus St

Barclay Court – 701 1^st Ave N

Borealis – 2628 4th Ave N

Citiscape – 1504 Aurora Ave N

City View Place – 1312 6^th Ave N

Cornerstone of Queen Anne – 500 Aloha St

Courtyard at Queen Anne Square – 275 W Roy St

Essex House  -1808 Bigelow Ave N

Hayes Court – 769 Hayes St

Highland House East – 564 Highland Dr

Kinnear Park – 410 W Roy St

Marselle – 699 John St

Mercer Place – 522 W Mercer Pl

Nautica – 701 Galer St

Queen Anne Park – 29 Etruria St

Queen’s Court – 124 Warren Ave N

Regency – 612 Prospect St

Renaissance on Queen Anne – 810 Taylor Ave N

Seaview/Seaview West – 519 W Roy St

Serana – 621 5^th Ave N

Signature Place – 801 2^nd Ave N

Skyline Place – 920 5^th Ave N

Taylor – 1525 Taylor Ave N

Taylor Lee – 120 Taylor Ave N

Towne Terrace – 550 Aloha St

Union Bay – 762 Hayes St

Veer Lofts – 401 9^th Ave N

Waverly Place – 2040 Waverly Pl

Willis – 720 Queen Anne Ave N

Wilson Court – 420 Valley St

 

WEST QUEEN ANNE

202 W Olympic Pl

2048 Condominium – 2048 13^th Ave W

2811 Fourteenth Avenue West

Andiamo – 626 4^th Ave W

Apollo – 330 W Olympic Pl

Bostonian – 1300 W Boston St

Canal Place – 965 Nickerson

Citadel – 2040 13^th Ave W

Desiree – 3030 14^th Ave W

Dravus Place – 3216 14^th Ave W

Gilman’s Fairway – 2530 15th Ave W

Johnston Manor – 2552 14th Ave W

Kinnear Vista – 1001 2nd Ave W

Luxe – 500 5th Ave W

Newell Square – 3609 14th Ave W

Northern Lights – 1015 W Nickerson St

Olympic Plaza – 654 W Olympic Pl

Panorama West – 3622 14th Ave W

Pierre Marquis – 2253 Gilman Dr W

Queen Anne Condominiums – 2572 14th Ave W

Queen Anne II (or 02) – 3636 14th Ave W

Queen Anne North – 1324 W Emerson

Queen Anne Ocean View – 2244 13th Ave W

Shannon Place – 3646 14^th Ave W

Tarmigan – 2219 14^th Ave W

Urban Terrace – 3420 15^th Ave W

Vikur Heim – 1001 W Howe St

West Howe Park – 1110 W Howe St

Westview Manor – 2625 13^th Ave W

 

CAPITOL HILL

1111 East Pike

1515 E Union

16^th Avenue  –  102 16^th Ave

1800 Boylston

1819 17^th Avenue

21 Cherry  – 21 Cherry St

Alpine Villa – 308 Summit Ave

Ambassador  I  – 505 E Denny Way

Ambassador II  –  506 E Howell St

Belcourt Place – 1617 Summit Ave

Bungalow Court  –  341 16th Ave

Central Park East – 2001 E Yesler Way

Courtyard on Capitol Hill – 1600-1625 15^th Ave

East Madison Townhouse – 2593 E Madison St

Fir Street – 127 22^nd Ave

Fleur De Lis – 1114 17^th Ave

Fortune View  – 1818 18^th Ave E

Garden Court  – 1631 16^th Ave

Hill House  – 1725 24^th Ave

Ivory Coaste  – 923 15^th Ave

Madison View  – 1820 24^th Ave

Maison Jiselle  – 120 14^th Ave

Maison Ville  – 1740 Melrose Ave

Manhattan Plaza  – 701 17^th Ave

Monique Lofts – 1024 Pike St

Onyx – 1125 E Olive St

Parc  on Summit – 1616 Summit  Ave

Pike Lofts – 303 E Pike St

Pine Street Cottages – 2116 E Pine

Portofino – 417 E Pine St

Seventeen07 – 1707 Boylston Ave

Squire Park Place – 1814 E Jefferson St

Trace North – 1412 12^th Ave

Villa on Terrace – 1101 E Terrace St

Waterworks – 1828 11^th Ave

 

BALLARD

6210 14^th Avenue – 6210 14^th Ave NW

Bal Harbour – 1743 NW 57th St

Ballard Arms – 1733 NW 59th St

Ballard Breeze – 1519 NW 59th St

Ballard Four Seasons – 1738 NW 58th St

Ballard Park II – 2433 NW 59th St

Ballard, The – 1525 NW 57th St

Danielle – 5803 24th Ave NW

Gilman Park – 1512 NW 57th St

Hjarta – 1530 NW Market St

Kalie Karin – 1707 NW 59th St

Kasteel – 5701 20th Ave NW

Linnea – 2600 NW 56th StBottom of Form

NoMa – 5650 24th Ave NW

Sunset at the Locks – 2413 & 2417 NW 59th St

Xavier – 804 NW 52nd St

  

MAGNOLIA

Baywatch at Magnolia  –  2200 Thorndyke Ave W

Blue Heron  –  3150 W Government Way

Discovery Park  –  3505 W Government Way

El Dorado IV – 3630 26^th Pl W

Holly Terrace – 2550 Thorndyke Ave W

Magnolia Bay – 2310 Thorndyke Ave W

Magnolia View – 2562 Thorndyke Ave W

Quarterdeck  –  3700 26^th Pl W

Windy Hills – 3710 26^th Pl W

Bullish About 2010? Matrix Drums Up Half by the 12th Day

We are curious to see how the downtown market is starting off for 2010. Since the beginning of the year, a high number has come up for new listings.  However, almost half of the 57 (-3) units is just Williams and MCM hacking into the MLS to update their new company’s name.

Unfortunately many are still left feeling bad for being responsible while not losing a tremendous amount of net worth in home value.  Buyers are snatching up the flipped floorplan of the same unit next door for sometimes half the price.

Economists are still throwing dust in the wind to predict what the market is going to be like for 2010, but there certainly are not as many running for cover.  The argument today seems to be mostly focused on opinions regarding Escala’s lobby.

At any rate, here’s what’s hitting the market for the beginnng of 2010 and at what price… (*does not include pendings or price adjustments)

Alexandria – 0B/1B, 450 Sq. Ft. $174,950
Bellora – 0B/1B, 516 Sq. Ft. $189,000
Marselle – 0B/1B, 376 Sq. Ft. $199,990
Marselle – 0B/1B, 556 Sq. Ft. $214,990
Matae – 0B/1B, 452 Sq. Ft. $219,000
Marselle – 0B/1B, 562 Sq. Ft. $219,000
Marselle – 1B/1B, 744 Sq. Ft. $249,000
Marselle – 1B/1B, 781 Sq. Ft. $259,990
Marselle – 1B/1.5B, 836 Sq. Ft. $259,990
Marselle – 1B/1.5B, 836 Sq. Ft. $259,990
Marselle – 1B/1.5B, 842 Sq. Ft. $264,990
Marselle – 1B/1B, 781 Sq. Ft. $269,990
Marselle – 1B/1B, 706 Sq. Ft. $269,990
Veer Lofts – 1B/1B, 703 Sq. Ft. $274,500
Veer Lofts – 1B/1B, 640 Sq. Ft. $282,500
Concord – 0B/1B, 580 Sq. Ft. $285,000
Marselle – 1B/1.5B, 846 Sq. Ft. $299,990
Marselle – 1B/1B, 956 Sq. Ft. $299,990
Cosmopolitan – 1B/1B, n/a Sq. Ft. $300,000
Arbor Place – 1B/1B, 675 Sq. Ft. $315,000
Marselle – 1B/1B, 956 Sq. Ft. $324,990
Belltown Lofts – 1B/1B, 889 Sq. Ft. $349,000
Veer Lofts – 1B/1.5B, 810 Sq. Ft. $349,500
Klee – 1B/1B, 721 Sq. Ft. $355,000
Vine – 1B/1.5B, 1022 Sq. Ft. $375,000
Marselle – 2B/2B, 1217 Sq. Ft. $279,000
Marselle – 2B/2B, 1058 Sq. Ft. $389,990
Marselle – 2B/2B, 1251 Sq. Ft. $399,990
Veer Lofts – 1B/1.5B, 909 Sq. Ft. $409,500
Trio – 1B/1B, n/a Sq. Ft. $414,950
Veer Lofts – 1B/1.5B, 1005 Sq. Ft. $429,500
Royal Crest – 2B/1.75B, 1323 Sq. Ft. $439,950
Cosmopolitan – 2B/2B, 1186 Sq. Ft. $446,738
Parc – 1B/1B, 775 Sq. Ft. $465,000
Market Court – 1B/1.5B, 1015 Sq. Ft. $469,000
Florentine – 1B/1.75B, 1437 Sq. Ft. $484,950
Post Mews – 1B/1B, 1913 Sq. Ft. $499,900
Merrill Place – 1B/1.5B, 1271 Sq. Ft. $544,000
Waterfront Landings – 2B/1.75B, 1116 Sq. Ft. $549,000
Bay Vista Tower – 2B/2B, 1371 Sq. Ft. $585,000
Cosmopolitan – 2B/2B, 1316 Sq. Ft. $695,000
Cosmopolitan – 2B/1.75B, 1324 Sq. Ft. $695,000
One Pacific Tower – 2B/2B, 1523 Sq. Ft. $695,000
Enso – 2B/2B, 1129 Sq. Ft. $715,000
Continental Place – 1B/1B, 842 Sq. Ft. $750,000
Market Place North – 1B/1.5B, 1288 Sq. Ft. $879,000
One Pacific Tower – 2B/2B, 1523 Sq. Ft. $1,000,000
Enso – 2B/2.5B, 1556 Sq. Ft. $1,025,000
1521 Second – 2B/1.75B, 1968 Sq. Ft. $1,125,000
1521 Second – 2B/1.75B, 1644 Sq. Ft. $1,125,000
Enso – 2B/2B, 1892 Sq. Ft. $1,295,000
Madison Tower – 3B/2.5B, 3010 Sq. Ft. $4,995,000

Marselle Photos – 1 Bedrooms, Townhomes, plus Amenities

So far, the Marselle has achieved 11 sales and two pendings.  The units themselves are pretty nice, with location only three blocks from the city center. 

There’s 2 types of units that we expect to be very popular at Marselle.  The 1 bedroom plus sizable den, and the townhomes are very nice.  Here are some pics of their modeled 1 bedroom + den:

As mentioned in a post from our first visit, the townhomes are also a splendid buy.  We took pictures of unit #705, which is just under $650k.  The 2 bedroom plus den has soaring ceilings and a full on view of the Space Needle from the living room and bedroom, in addition to its own rooftop terrace access.  We sure would love to see the view from that unit at night!  Here’s the pics:

As far as amenities go, Marselle features a game room w/kitchen, a fitness room, stretch room, and of course the rooftop terrace with a doggie area.

Marselle: A Building of Some Distinction

Since July 18th, a new downtown condominium project named Marselle has received three offers (two mutually accepted), and their first buyer will be moving in September 1st. The most popular floorplan will more than likely be the 1 bedroom with den which varies between 832 to 854 square feet for as low as approximately $420/square foot.

Overall, the homes are your typical new construction units with slab granite countertops, hardwood floors, and stainless steel appliances. Other than Marselle’s competitive price point, there are some additional unique features we thought deserved some recognition.

The first thing that stood out was how great the rooftop deck was. The sales agent challenged that it’s the only rooftop deck offering a top to bottom view of the Space Needle, but the deck also has four separate common areas for chairs, tables, and BBQ’s. One area in particular had what the agent liked to refer to as a “doggy pad”.

The reason the rooftop deck at Marselle can be referred to as having distinctive areas is because of the 2nd story of 10 penthouse townhomes. Townhomes have their own sliding glass doors offering access to the rooftop deck from the dens, and one in particular is already plumbed for a jacuzzi (which they’ll throw in with a full-price offer).

Contact us to check it out!