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- eric - Nov 08 2008 | real estate
Nice place for sale on Lake Washington, right near the Burke-Gilman. Wish I could afford it! $1.7 million is a bit rich for my blood.
Quoted: Rare Riviera Place waterfront home with privacy and serenity. Prime 75 feet of east facing waterfront captures sweeping views from St Edwards State to Mt Rainier. Extensive decks and large patio at waters edge provide for fabulous outside entertaining. Superb 50 foot dock with covered slip and boat lift. Classic Northwest Contemporary features 2,689 sq ft of living area with 4 total bedrooms, two master suites, 2.75 baths, study plus family/media room and over sized two car garage situated on a 5,475 sq ft parcel. Meticulously maintained home with open flowing spaces, dramatic vaulted ceilings and walls of windows provide stunning views from almost every room. Enjoy the unique lifestyle of waterfront living with the Burke Gilman Trail just outside your door. Great opportunity to own a special in city retreat property!
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seattle
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This is a very interesting loan product from BECU and has the potential of being one of the best 1st time mortgages for buyers that qualify.
It is called the "Helper" (HLPR) loan. Basically, it's aimed at 1st time buyers buying their first home, but it should also be useful for people who have already sold their homes and are looking for another.
There are income restrictions, credit restrictions and other guidelines, but this particular HLPR product (there are several others, see BECU's site) purports to have an ARM rate that is about 1% lower than the "going" rate. Based on my experience, their fees are also lower than most of the major banks.
This type of loan is great for someone that is looking at short-term ownership of a property. I spoke with several industry pros and they all believe that BECU is probably not making any money - perhaps even losing money - on this loan, but may be using it to bring borrowers into other BECU products that may be profitable.
BECU has had a reputation of being difficult to work with in the past and very slow to respond. It seems that now, though, they've cleaned up their act. They've got 24-hour mortgage reps and a lot of the process has been stream-lined and placed online. This loan is not for everyone, though, and it may not apply to every purchase. In particular, borrowers may have difficulty obtaining loans on new or conversion condos that are not FNMA approved. I spoke with several BECU reps and their answers were all over the board about this.
More info on the site.
1 FaverViewed: 31 Times - sudha - 20 days ago1 FaverViewed: 4 Times
- shiwani - 22 days ago1 FaverViewed: 3 Times
real estate
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Eco friendly homes that have been on the market for years. Very nice looking, close to Green Lake, but pricey at the original price of $725K to $825K.
The bank has foreclosed on the remaining, unsold units and they are now for sale again, for $399K to $649K. Their cost was high because of their high-level of built-green certification.
1 FaverViewed: 8 TimesQuoted: Almost all the construction waste was recycled. Some materials from the warehouse that previously occupied the site were reused. Many other construction materials came from local sources. The homes feature formaldehyde-free doors and millwork and on-demand hot water systems. Rain, captured in a 23,000-gallon underground cistern, provides all the water for irrigation. Fixtures and appliances use relatively little energy and water — Pryde Johnson actually prepared an owners' manual telling buyers how to use and maintain them.
- derek - Sep 07 20091 FaverViewed: 9 Times
- mike - Mar 22 20062 FaversViewed: 27 Times
BUY!
agreed - yikes. 1.7 mill?!
Wow, that's pricey. I know this place, it's nice, bike by it all the time.