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Belltown : Real Estate Advice

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  • Local Info4
  • Home Buying4
  • Home Selling0
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Activity 9
Sun Dec 4, 2016
Michael Ross answered:
Gentrification is a complex and specific topic. I think you're asking whether Belltown is pricey, upscale, etc. I'm going to answer both ways though:

Belltown was never really a economically depressed, low-income area. It is right in downtown Seattle and has luxury, high-rise condo buildings that were built in the 1980s (so it's been a place for luxury living for at least 30+ years). There are areas of Seattle in which gentrification is in full-swing and is causing property prices to rise dramatically and is displacing long-term residents--Central District, First Hill, Columbia City, and other neighborhoods

From at least the early 1980s to now, Belltown continues to be a popular area for residential living and has seen a number of new, architecturally-cool buildings go up in recent years. There are no houses in Belltown--it's all condo living. A person that lived in Belltown could walk to work just about anywhere in downtown or South Lake Union. They could actually shop on foot for some seafood at the famous Pike Place Market and could walk a few blocks from home to catch a Broadway-quality show. It is truly urban living and the prices reflect that. In a recent rental survey, Belltown was one of the most expensive neighborhoods in Seattle with a one br median rent of $2,595.

What kind of people live there? inside the buildings, people who can afford that kind of housing payment. In terms of age & other demographics, it is perhaps a much more diverse neighborhood than many in Seattle; old and young, many different backgrounds. Outside of the buildings are quite a few homeless people or transients. If you want city living, with all it's pros and cons, Belltown is the place to be.
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Thu May 30, 2013
Kary Krismer answered:
Ray, LOL, but in this market which is which may be reversed!
0 votes 7 answers Share Flag
Thu May 30, 2013
Beth Traverso answered:
In addition to the standards, inspection, financing, etc. mentioned below, if you are purchasing a condo in Belltown you would typically include a contingency for review of CC&Rs (covenants, conditions and restrictions) of the homeowner's association, as well as all other HOA/condo paperwork.

I agree with the other posters that you need to review your situation with your agent to determine which contingencies are appropriate in your situation.
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Wed May 29, 2013
Bob Savage answered:
What I would advise you not to do is to work with the listing agent for a property (the agent whose name and phone number are on the sign out front). The listing agent works for the seller and by law is obligated to work in the seller's best interests. You can have the same advantage by hiring one buyer's agent to represent your interests. ... more
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Wed May 1, 2013
Qays Poonawala answered:
Proximity to any other part of downtown Seattle. You can walk to SLU, Queen Anne, and the ID in minutes. You can get to Capitol Hill, Freemont, or West Seattle by bus in about 20 minutes. It's really convenient. ... more
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Wed May 1, 2013
Qays Poonawala answered:
It might also be worth considering Amazon Fresh home delivery. They cover Belltown and you can select your delivery time.
For those not afraid to walk a little, I think as others have said, Pike Place is good and fresh, and Whole Foods has a great selection. ... more
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Wed Mar 13, 2013
mtbusco answered:
The Ellington! I love my neighbors, it's quiet, overlooks the Sculpture Park, Puget Sound and the Olympics, just to name a few attributes.
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Tue Jan 22, 2013
Wendy Hughes-Jelen answered:
I like seeing what kinds of questions people are asking - the market is always changing and it brings up new questions. I have a previous background in property management so I have answered questions for people who are moving to Seattle for a job and need help finding a rental. The Craigslist way of finding a place to live, especially when you are on the other side of the country, just doesn't cut it (even when you are local). Too much competition. So I see my mission is to help people get relocated and into a rental in a community they are going to enjoy in SAFE AND SANE manner. It doesn't pay hardly any money, but a couple hundred bucks for my expertise via email is something i don't mind. Ironically, my husband is now considering a job in California - and the first thing I did was reach out to real estate agents I know down there and I have been working with someone for 6 weeks over email - not taking up too much time, but I am flying down there in a couple weeks and she is picking me up at the airport and going to take me to see some rentals in person. I would do the same if someone was coming from another state and needed my time and expertise. Honestly most agents won't take the time to do rentals since the paycheck is so small. But there are some of us out there, all you have to do is ask! ... more
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Sun Nov 29, 2009
Leanne Finlay answered:
Considering that there already is a rail station in downtown Seattle (and the Sounder station is just east of King Street Station) ... I think the question of 'when light rail is coming thru Seattle' is already happening. Here is a link to more information about the light rail tunnel in downtown Seattle:

http://metro.kingcounty.gov/tops/tunnel/tunnel-faq.html

I work mainly in Seattle & on the Eastside, but also work on Whidbey Island. One of the best-kept secrets about Whidbey Island is the new commuter train which provides a super-easy commute to downtown Seattle (new in June 2008).

You ride a 20-minute ferry from the south end of Whidbey (Clinton) to Mukilteo. Walk off the ferry, walk a few minutes to the commuter train station (Mon - Fri, 4 times each morning and 4 times each afternoon), and hop on! Voila, you are in downtown Seattle, at the King Street Station in 50 minutes. You can buy a combo commuter pass too for bus/ferry/train ... making a very affordable commute.

Doesn't work too well for real estate agents tho ... :-) !
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