tomo logo

$1,550,000

Beds
2
Baths
2.0
sq ft
1,701

505 5th Ave S Unit 205, Edmonds, WA 98020

505 5th Ave S Unit 205

Edmonds, WA 98020

  • 8 days on market
In the heart of the Edmonds Bowl this 2-bed + den unit at The Gregory offers luxurious finishes & sightlines of Olympics & Sound. Spacious entry leads to open plan great room. Millwork & high ceilings. LVP flooring. Gourmet kitchen w/ SS appliances. DCS Gas range w/ wok & hood. Quartz counters & cherry wood shaker-style cabinetry w/ pull-out shelving. Counter eating space plus formal dining w/ stylish light fixture. Floor-to-ceiling quartz gas fireplace creates a welcoming ambiance. Relax & watch sunsets or the bustle along Edmonds’ 5th Ave: 4th of July Parade, Classic Car show. See it all from the balcony or use electric sunshade down for privacy. Primary Suite w/ 2nd balcony. 2 reserved garage parking spaces. Storage. Stroll to everything

Details

Property type

Condominium

Est. home value

$1,228,910

Lot size

Unknown

Price per sq ft

$912

Year built

2007

Annual property taxes

$7,471

Monthly HOA fee

$877

Price History

09/28/2024
NorthwestMLS

NorthwestMLS #2296358

Listed
$1,550,000
+6.53%
05/10/2022
NorthwestMLS

NorthwestMLS #1931803

Sold
$1,455,000
+106.38%
11/27/2017
NorthwestMLS

NorthwestMLS #1208580

Sold
$705,000
+6.82%

Schools & Community

Elementary school: 

Sherwood ElemSw

Middle school: 

College Pl Mid

High school: 

Edmonds Woodway High

Community features: 

Gated

High school district: 

Edmonds

Number of units in community: 

27

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$314,260
Asking price
$1,550,000
Closing costs (~8% of asking)
-$124,000
Est. remaining loan balance
-$1,111,740
Cash to seller
$314,260

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Pnc Bank Na

Loan start date

April 2022

Original loan amount

$1,164,000

Est. remaining balance

$1,111,740

Interest rate

3.85%

Loan type

New Conventional, 30 year

Seller

Jeffrey Cameron Chandler and Karissa Ann Dobbs

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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554 Paradise Ln Unit C201, Edmonds, WA 98020

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Status: Active

Tomo last checked: 10/05/2024 at 5:40 PM

Listing updated: 10/04/2024 at 5:58 PM

Listed by: Adam E. Cobb, Windermere Real Estate GH LLC Phone #: (425) 672-1118

MLS: NorthwestMLS #2296358

NorthwestMLS logo

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