Tuesday, February 20, 2007

Bellevue Real Estate...It's coming of age!


I’ve been thinking for months now that I must update folks as to what the %*#%@ is happening to our once sleepy community here in downtown Bellevue. When I was asked today by a truly great realtor and super ‘blog Queen’
  • Ardell
  • , what I thought of a new town home community sprouting up, so, I might as well share my thoughts here. Well, at first glance for the person visiting here from another area of the US of A, it may sound expensive to pay $870,000 for a non-single family residence.

    Oh quite contraire, as time will tell. These beautifully designed Row houses, with brick exteriors and contemporary styling are in the heart of Bellevue. These homes are designed to emphasize an urban lifestyle w/nicely landscaped courtyards, an extension of McCormick Park and a short stroll to the growing amenities that are evolving in downtown Bellevue. Approximately 2,000 square feet of cutting edge interiors, these 3 bedroom, 2.5 bath town homes complete with underground two stall parking as well as 2 guest stalls, will be one of the best downtown real estate investments to be seen in the next few years.

    Does it seem steep? Sure, just as a Medina waterfront property seemed outrageous when selling at $100,000 back in the 1950’s and is now however selling 40, 50 and in some cases over 100 times that amount. More to come on the changes to Bellevue in the coming weeks. Bellevue is coming of age!!

    2 comments:

    Joe Kennedy said...

    Stan - I admit I haven't yet been inside one of these townhomes, but after seeing the previous project on that property, half-done, in plastic wrap for so long (before it was torn down) - I don't think I could live there for any price. No matter how outrageous.

    I can certainly guarantee you that if I had that kind of money to spend on a home - it would not be one of those townhomes.

    Stan Mackey said...

    Joe - Very true, that last 'baggied' building was an eyesore. At least this will be an attractive improvement, even if it is a healthy price to pay. For the location, the price will seem reasonable in the near future. A couple months back I was in a 2,000 sf. condo (granted on the 20th floor w/lake and city views) with a price tag of over 2 Mil. Times are a changin'.