tomo logo

$490,000

Beds
2
Baths
1.0
sq ft
893

9500 Rainier Ave S Unit 207, Seattle, WA 98118

9500 Rainier Ave S Unit 207

Seattle, WA 98118

  • 54 days on market
    • Price drop $9,000↓
Strong HOA just completed $5 Million Dollar Make Over first disclosed in June of 2018. Final assessment wasn't levied until December 2021 creating 3.5 years of uncertainty. Work just completed in September 2023! Take advantage of turmoil that looming pending special assessments can create & enjoy the amazing rehabilitation that makes Spinnaker Bay condos a shrewd investment. SELLER is paying 100% of BIG assessment! This iconic building is built over Lake Washington with killer views & a super cool, friendly vibe with secure gated entry, live on site manager. EZ commute Seattle, SeaTac, Eastside, light rail. Deeded secure parking, full laundry in unit, storage, summer heated pool, pet friendly, level entry. Buyer incentive available!

Details

Property type

Condominium

Est. home value

$400,393

Lot size

Unknown

Price per sq ft

$549

Year built

1967

Annual property taxes

$3,726

Monthly HOA fee

$749

Price History

06/21/2024
NorthwestMLS

NorthwestMLS #2235595

Price change
$490,000
-1.8%
06/15/2024
NorthwestMLS

NorthwestMLS #2235595

Listed
$499,000
06/15/2024
NorthwestMLS

NorthwestMLS #2235595

Removed
$499,000

Schools & Community

Neighborhood: 

Dunlap

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Clubhouse, Gated

School district: 

Seattle

Number of units in community: 

72

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

$269,213
Asking price
$490,000
Closing costs (~8% of asking)
-$39,200
Est. remaining loan balance
-$181,587
Cash to seller
$269,213

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

Seller’s Loan History

Lender

Green Tree Servicing Llc

Loan start date

April 2013

Original loan amount

$244,000

Est. remaining balance

$181,587

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

Russell Scott Leach and Caroline Christine Leah

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?

Status: Active

Tomo last checked: 07/02/2024 at 4:50 PM

Listing updated: 07/02/2024 at 9:03 AM

Listed by: Darla Morton, Windermere Real Estate/PSR Inc Phone #: (425) 235-7777

MLS: NorthwestMLS #2235595

NorthwestMLS logo

Recently listed in Seattle

$600,000|2 bd|1.0 ba|House
$745,000|3 bd|2.5 ba|Townhouse
$678,500|4 bd|3.0 ba|House
$399,000|1 bd|1.0 ba|Condo
$649,000|2 bd|2.25 ba|House
$665,000|2 bd|2.25 ba|Condo

Explore top cities in Washington