Property Q&A in Seattle>Question Details

Donna Crampt…, Home Buyer in Seattle, WA

I drove by property but it was all wrapped up. Is there a problem with the building?

Asked by Donna Crampton, Seattle, WA Wed Nov 19, 2008

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This question is about this property: http://www.trulia.com/property/1063848826-1525-NW-57th-St-Se…

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4
Donna
This unit does not have a seller disclosure attached to the listing but another unit in the building has their disclosure online and there is a letter attached to the disclosure which states:

Prospective Purchaser Ballard Condominiums
RE: Construction Defect Litigation
Dear Prospective Purchaser:
This letter provides you an update on litigation pertaining to construction issues at Ballard Condominiums.

A portion of the litigation settled on Friday, January 11, 2008. All of the Defendants, with the exception of one, agreed to a total settlement of $2,890,000.00. This amount includes attorney fees and costs. Litigation continues as to one remaining party, and the insurance company for a second party. As a result of the partial settlement, the Board of Directors recently retained an architect to assist in determining the required repairs and a scope of work for bidders.

The next step is retaining a general contractor to proceed with the repairs. It is anticipated construction repairs will proceed sometime this summer and will conclude approximately six to eight months later.

If you have any questions you may contact me at (206) 284-8165 or via e-mail at chris@casey-skoglund.com.

Sincerely Chris Casey

Donna, let me know if I can be of further help and/or if I can find out more information for you.
Mary
2 votes Thank Flag Link Wed Nov 19, 2008
It is not uncommon for buildings completed during the boom to sue the builder for defects to the building's shell. That is probably what's going on but you should contact the listing agent to ask about any assessments and the details of any lawsuit.
Web Reference: http://www.HomeHounds.com
0 votes Thank Flag Link Wed Nov 19, 2008
I believe there is exterior repair/renovation work being done to the building.
0 votes Thank Flag Link Wed Nov 19, 2008
Unconfirmed of your statement all wrapped up? With boards on windows? If so in most circumstances the building could be prepped to be demo for new construction.
http://www.lynn911.com http://www.homes-for-sale-dallas.com
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Wed Nov 19, 2008
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