21xx South Yakima Condo Action (17. July 2006, 20:47 by Derek Young) ~ More Downtown Developments
It’s been a while since we had heard any hot condo gossip. So here’s a bit of condo speculation for you. A house at 2105 South Yakima in the unnamed neighborhood and across the street from City Steps was torn down today after being bought for $289k last month. The property to the North at 21st and Yakima is going to become a seven unit townhome project. The house to the south has a SOLD sign in front of it and an asking price of $750k. At the end of the block (NE corner of 23rd and Yakima) is the beginning of the 40+ unit Dwelling Company townhome development.
The word on the street is that the combined property of the still standing house and the next three lots will become another new townhome project. What we don’t know is whether the torn down house is part of that project. Now, it seems to us that the combined price of the $750k house adn the three lots is a bit steep for just a few townhomes. If we compare these sales with City Steps:
CitySteps:
Land Sale Price: $1,000,000
Land SQFT: 46,800
Price per SQFT: $21.36
Lots and house on east side of Yakima Ave:
Land Price: $1,650,000
Land SQFT: 30,294 sqft
Price per sqft: $54.46
Hmm. We’ll see where this goes…
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From what I hear a lot of Medical Proffesionals and Real Estate Proffesionals (always a good sign)
2 | Posted by jake | Jul 17, 11:54 PM
A bit off topic but in the neighborhood.
A house at 2115 South I Street is For Sale By Owner… Asking Price? $400k
The lot is pretty small at around 5,000 sqft and the zoning is R4. I don’t think you could get more than 2 or 3 units on there.
I don’t know how informed they are on the zoning. It is zoned R4 and has been for a while. They said it was just rezoned. I asked if it was rezoned to DR and she said yes. (can’t be done because the city says so)
People in this neighborhood are getting a bit greedy. And what really sucks is that some of these people getting rich have no interest in the neighborhood. They have just kept their rentals, renting to whoever.
3 | Posted by jake | Jul 18, 09:42 AM
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