Aug
29
2009
A variety of units in Brix, the brand new condo building in the heart of Seattle’s Capital Hill neighborhood, are going up for auction on Sunday, Sept. 27. With the $8,000 first-time homebuyer tax credit (due to expire Nov. 1) and opening bid prices that are attractive to everyone, this is a fantastic time to buy a premier urban home. The Northwest development company, Schnitzer West, is doing its part to help stabilize the Seattle condo market pricing. By strategically offering a significant number of units for auction in a variety of new, up-scale buildings, the vacancy rate goes down which means the absorption rate goes up and the market can begin to find its balance again.  Brix, located right in the center of energetic Capital Hill, at 536 Broadway, will have 40 two-story loft and flat units at auction. Sleek design, superior appliances, and an assortment of views are its hallmarks. One-bedroom homes (about 550 square feet), previously priced up to $435,000, will accept bids from $165,000. Large, two bedroom-plus-den homes, up to 1,200 sq.ft., (previously priced up to $640,000) are offered at minimum bids from $295,000.  Auction date for Brix: September 27Auction Location: Grand Hyatt Seattle, 721 Pine St. Time: Auction begins at 1 p.m.  PLEASE NOTE: Potential home buyers need to register and preview the condo homes (open 11a.m. – 7 p.m.) in order to attend the auction.
Pre-qualification is mandatory and financing reps will be on site to help with any questions.
If you would like to know more how these auctions work email me at mike@mikekass.com
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Tags: Brix Condos, Capital Hill, New Construction, Seattle Auctions, Seattle Condos
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I am an owner of one of the Brix condominiums on Capitol Hill and I think it is important to let people know that while these are definitely very aesthetically pleasing units in an amazing location; the service, support and construction is heavily lacking. It has been an uphill battle with Schnitzer from the beginning. Not only have I had to fight and scream to get them to complete tasks by which they were contractually obligated, but the overall “cost cuts” that were implemented in order to complete this building is astonishing. It’s sad that my wife and I have spent so much money, (WELL beyond what anyone at this auction will pay) and our living experience has been so tattered with issues. We are supposed to LOVE this place and now that there is no chance of getting what we’ve paid for it in a resale, we are stuck with a home that isn’t great to live in. In my opinion, Schnitzer does not understand the definition of home?