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Sold Closed June 21, 2024
$550,000
2 Bedrooms
1 Bathroom
903 Sqft Condo
Unit 504
Floor 5
Waterfront
Built 1967
1 Parking Space
HOA Dues $706 / month
SALE HISTORY
List price was $550,000
It took 8 days to go pending.
Then 14 days to close at $550,000
Closed at $609/SQFT.
Strong HOA has just completed $5 Millon Dollar Make Over which was first disclosed in June of 2018 in the form of a huge question mark in the resale certificate. Final assessment wasn't levied until December 2021 which created 3.5 years of uncertainty. Work was just completed in September 2023. Take advantage of all the turmoil that looming pending assessments can create & enjoy the amazing rehabilitation that makes Spinnaker Bay condos a shrewd investment & a great place to live. This iconic building is built over Lake Washington & offers killer lake views, a super cool, friendly vibe with secure gated entry, live on site manager, secure entry. Walk to light rail, parks, shopping. Great split commute to Seattle, SeaTac, Eastside.
Offer Review Date
This listing's offer review date was Friday, June 7, 2024.
Project
Spinnaker Bay
Listing source NWMLS MLS #
2244661
Listed by
Darla Morton, Windermere Real Estate/PSR Inc
Buyer's broker
Darla Morton, Windermere Real Estate/PSR Inc
Contact our
Rainier Beach
Real Estate Lead
John L. Scott
Phone...
Time Adjusted Estimated Value
County Wide
  • In
    King County WA
  • prices for
    Condos
  • have changed
    0%
  • since
    Jun 21, 2024
  • so a sale price of
    $550,000
  • would be approximately this amount today
    $550,000
City Wide
  • In
    Seattle WA
  • prices for
    Condos
  • have changed
    -4%
  • since
    Jun 21, 2024
  • so a sale price of
    $550,000
  • would be approximately this amount today
    $528,000
Assumptions: The original sale amount reflected a normal arms length sale. Any major updates would add to the value. Any damage or deferred maintenance would subtract from the value.
Bedroom & Bathroom Layout
MAIN
BDRM
BDRM
FULL
BTH
Property History
Jun 21, 2024
Sold
$550,000
NWMLS #2244661 Annualized 6.8% / yr
Jun 11, 2024
Went Pending
$550,000
NWMLS #2244661
Jun 07, 2024
Went Pending Inspection
$550,000
NWMLS #2244661
May 30, 2024
Listed
$550,000
NWMLS #2244661
Oct 19, 2014
Sold
$289,900
More
Listing Details
  • Sale Price
    $550,000
  • Closing Date
    June 21, 2024
  • Last List Price
    $550,000
  • Original Price
    Same
  • List Date
    May 30, 2024
  • Pending Date
    June 7, 2024
  • Days to go Pending
    8 days
  • $/sqft (Total)
    $609/sqft
  • $/sqft (Finished)
    $609/sqft
  • Listing Source
  • MLS Number
    2244661
  • Listing Broker
    Darla Morton
  • Listing Office
    Windermere Real Estate/PSR Inc
  • Buyer's Broker
    Darla Morton
  • Buyer Broker's Firm
    Windermere Real Estate/PSR Inc
Monthly Payment Estimate
  • Principal and Interest
    $2,883 / month
  • HOA
    $706 / month
  • Property Taxes
    $242 / month
  • Homeowners Insurance
    $81 / month
  • TOTAL
    $3,912 / month

  • based on 20% down
    ($110,000)
  • and a
    6.85% Interest Rate
  • About:
    All calculations are estimates only and provided by Mainview LLC. Actual amounts will vary.
Condo Details
  • Unit #
    504
  • Unit Floor
    5
  • Sqft (Total)
    903 sqft
  • Sqft (Finished)
    Unspecified
  • Sqft (Unfinished)
    None
  • Property Type
    Condo
  • Sub Type
    Condo (1 Level)
  • Bedrooms
    2 Bedrooms
  • Bathrooms
    1 Bathroom
  • Lot Size
    Unspecified
  • Lot Size Source
    tax
  • Project
    Spinnaker Bay
  • Total Stories
    1 story
  • Sqft Source
    tax
Property Tax Info
  • 2024 Property Taxes
    $2,909 / year
  • No Senior Exemption
Public Parcel Data & Maps
Schools
  • School District
    Seattle
  • Elementary
    Unspecified
  • Middle
    Unspecified
  • High School
    Unspecified
Waterfront
  • Waterfront
    Yes
  • Type
    Lake
  • Frontage
    Unspecified
HOA
  • HOA Dues
    $706 / month
  • Fees Assessed
    Monthly
  • HOA Dues Include
    Common Area Maintenance
    Garbage
    Lawn Service
    Road Maintenance
    Security
    Sewer
    Water
  • Pets Allowed
    Subj to Restrictions
  • HOA Contact
    Unspecified
  • Management Contact
    Unspecified
Community Features
  • Community Features
    Club House
    Elevator
    Garden Space
    Gated
    Laundry Room
    Lobby Entrance
    Moorage
    Outside Entry
    Pool
    Sauna
    See Remarks
Building
  • Name
    Spinnaker Bay
  • Units in Complex
    72
  • Units in Building
    72
  • Stories in Building
    6
Parking
  • Types
    Uncovered
  • Has Garage
    No
  • Nbr of Assigned Spaces
    1
  • Parking Space Info
    14
Views
  • Lake
Construction
  • Year Built
    1967
  • Home Builder
    Unspecified
Cooling
  • Includes
    Other – See Remarks
Heating
  • Includes
    Radiant
    Wall Unit(s)
Interior
  • Flooring
    Laminate
    Marble
  • Features
    Laminate Hardwood
    Balcony/Deck/Patio
    Cooking-Electric
    Dryer-Electric
    Washer
    Fireplace
    Water Heater
Property
  • Lot Features
    Curbs
    Paved
    Sidewalk
Appliances
  • Included
    Dishwasher(s)
    Dryer(s)
    Microwave(s)
    Refrigerator(s)
    Stove(s)/Range(s)
    Washer(s)
Terms
  • Bank Owned (REO)
    No
Utilities
  • Energy
    Electric
Additional Info
  • Waterfront
    Yes
  • Air Conditioning (A/C)
    Yes
  • Buyer Broker's Compensation
    3%
  • MLS Area #
    Area 380
  • Number of Photos
    18
  • Last Modification Time
    Friday, June 21, 2024 1:16 PM
  • System Listing ID
    5327210
Update Info
  • Closed
    2024-06-21 13:20:43
  • Pending Or Ctg
    2024-06-11 20:35:00
  • First For Sale
    2024-05-30 14:10:00
Listing details based on information submitted to the MLS GRID as of Friday, June 21, 2024 1:16 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Sold June 21, 2024
$550,000  
2 BR    1 BA    903 SQFT  
NWMLS #2244661. Darla Morton, Windermere Real Estate/PSR Inc
Map
 
Listing information is provided by the listing agent except as follows: BuilderB indicates that our system has grouped this listing under a home builder name that doesn't match the name provided by the listing broker. DevelopmentD indicates that our system has grouped this listing under a development name that doesn't match the name provided by the listing broker.