The 12 remaining unsold units at Queen Anne High School Condominiums will go up for close out auction on March 22. Nine two-bedroom units previously priced from $474,950 to $599,950 will have minimum bids of $245,000 to $325,000; a studio condo previously listed at $254,950 is down to a minimum of $145,000; and a 1,432-square-foot penthouse is down from $999,950 to a $650,000 minimum. Buyers who arrange financing from Wells Fargo Home Mortgage and close within 30 days of the auction will get $2,500 toward closing costs.
The auction is scheduled to start at 1 p.m. at the Grand Hyatt Seattle, 721 Pine St. Beverly Hills-based Kennedy Wilson's Auction Group, which is hosting, has scheduled a "how-to-buy" seminar starting at 1 p.m. March 15 at the Queen Anne High School Condominiums Auction Information Office, which is open from 10 a.m to 5 p.m. daily at 201 Galer St.
The former high school has a total of 137 condos.
This project is interesting and I think a majority of the units in the building are pretty cool. Some of the smaller ones don't have some of the common ammenities such as a washer and dryer but it is a good use of an old building. Much preferable, in my opinion, than tearing it to the ground. Shoot me an email if you would like more info on the auction.
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