Address: 121 Jackson St., Seattle, WA 98104
Neighborhood: Pioneer Square

CONDOS FOR SALE

Here you can find all active listings at Jackson Square. If your dream condo is not listed, sign-up to be instantly notified by email.

Listings made available by the Northwest Multiple Listing Service through agreement are marked with the NWMLS logo. *Information about this property was obtained by agent whose sources may have included the seller and county records. This information has not been verified by the agent and should be verified by buyer.

Sign-Up to receive an instant email notification of new Jackson Square Building condos for sale as soon as they hit the market. Membership also includes a monthly review of all activity for this building.

DESCRIPTION

Originally built in 1902, the Jackson Square Building has been everything from apartments, to several furniture retailers. The seven unit apartment building has since been converted to six upscale condominiums featuring brick exposed walls, stainless steel appliances, granite countertops, and hardwood floors. Each unit also features a private rooftop deck, except for the one studio unit. Floorplans range from 646 to 1,776 square feet. Located in the Pioneer Square neighborhood, homeowners have the ability to enjoy boutique shopping, dining, and nightlife.

PICTURES

BUILDING DATA

• Year Built: 1902
• Number of Units: 6
• Number of Stories: 2
• Exterior: Brick, Wood
• Parking: Common Garage
• Pets: Subj to Restrictions
• H/O Dues Included:Garbage, Water/Sewer
• Common Property Features & Amenities: Cable TV, High Speed Internet Available

NEIGHBORHOOD BUSINESS

• artforte Gallery
• Central Saloon
• Clog Factory
• Cowgirls Inc
• D’Adamo-Woltz Gallery
• Fireworks
• FX McRory’s
• Glasshouse Studio
• Grand Central Arcade
• Interesting Stuff
• J&M Cafe
• Jean Williams Antiques
• Juan O’Riley’s
• Kibo Galerie
• Palace Rug Gallery
• Stonington Gallery

VIEW NEIGHBORHOOD MAP

ADDITIONAL OPINIONS & REVIEWS

*Data is deemed to be reliable, but not guaranteed. In some cases, number of units may include commercial and residential spaces and/or height may or may not include a 13th floor.

The long anticipated Stadium Lofts, across from Qwest Field on Occidental Avenue, is planning on making presales available sometime during the first quarter of 2009. Although many proposed projects have been delayed due to financing constraints, Stadium Lofts should have no problems considering it’s a renovation of an existing historical structure.

Recent changes to the design of Stadium Lofts were made to meet city standards which require an obvious distinction of what part of the building is new, and what is old. Apparently, the previous design didn’t make the cut.

Historic Structure

Old Design

New Design

With the location, and desirability of lofts, prices seem to be a steal with ground floor studios starting in the low to mid $300’s, ground floor 1 bedrooms in the low to mid $400’s, and rooftop deck units in the $700k and $800k range. The majority of the new lofts will range from mid $400’s to mid $600’s.

To insure you stay updated on the progress and presale opportunity for this project, be sure to subscribe to our monthly newletter.

Saturday, July 12th from 2:30 to 5:30

MLS# 28096031

Wallingford Condo

$598,950
2 Beds
2 Bath
1,079 Sq. Ft.

Enjoy days & evenings watching the passage of Lake Union from your private deck. Not only are the views great this unit boasts an open floor plan w/ Iroko hardwood floors & high ceilings. The gourmet kitchen includes GE Profile appliances w/ S track lighting, slab granite countertops, under mount sink & maple cabinets. X-large W/I closet in Master suite. Secure storage & rare 2 parking spots. Just steps away from the Burke Gilman Trail, Gas Works Park & more. Make Tavona your new home!

…more

MLS# 28096030

Wallingford Condo

$474,950
2 Beds
2 Bath
1,079 Sq. Ft.

Located next to the courtyard, this unit is great for entertaining w/ its open floor plan, high ceilings, Iroko hardwood floors & siding glass door to the patio. The kitchen boasts slab granite countertops, maple cabinets, GE Profile appliances w/ S track lighting & under mount sink. The large Master suite includes walk-in closet. Full sized stack washer and dryer & a rare 2 Parking spots! Just moments from Gas Works Park, Burke Gilman Trail, Fremont and so much more. Come live at Tavona!

…more

Sunday, July 13th from 11:00 to 2:00

MLS# 28072681

Queen Anne Condo

$465,000
2 Beds
2 Bath
1,015 Sq. Ft.

One of a kind open unit with nice sound views plus a Space Needle view from the Bedroom! Dramatic vaulted ceilings with clear story windows and skylights brighten this top floor unit all year! Well designed living spaces flow nicely. Relax on the private covered deck. Enjoy the romantic Living Room fireplace. Freshly painted and in great condition. Secured covered parking,secure storage unit in garage. A great location and walking distance to Queen Anne Shops and activities.

…more

Sunday, July 13th from 1:00 to 4:00

MLS# 28096102

Belltown Loft

$365,000
1 Bed
1 Bath
723 Sq. Ft.

Enjoy this true loft. Dramatic two-story space with the Bedroom above open to below. Urban style with exposed concrete, steel railings and industrial glass counters. Very fashionable! A wall of windows that reach to the ceiling explodes the unit with light. The secured parking space on the same level of unit. Secured building. Just steps to Pike Place Market, the Waterfront, and exciting Belltown’s shops, restaurants, & stores. Very affordable and is in great condition!

…more

Sunday, July 13th from 2:30 to 5:30

MLS# 28096031

Wallingford Condo

$598,950
2 Beds
2 Bath
1,079 Sq. Ft.

Enjoy days & evenings watching the passage of Lake Union from your private deck. Not only are the views great this unit boasts an open floor plan w/ Iroko hardwood floors & high ceilings. The gourmet kitchen includes GE Profile appliances w/ S track lighting, slab granite countertops, under mount sink & maple cabinets. X-large W/I closet in Master suite. Secure storage & rare 2 parking spots. Just steps away from the Burke Gilman Trail, Gas Works Park & more. Make Tavona your new home!

…more

MLS# 28096030

Wallingford Condo

$474,950
2 Beds
2 Bath
1,079 Sq. Ft.

Located next to the courtyard, this unit is great for entertaining w/ its open floor plan, high ceilings, Iroko hardwood floors & siding glass door to the patio. The kitchen boasts slab granite countertops, maple cabinets, GE Profile appliances w/ S track lighting & under mount sink. The large Master suite includes walk-in closet. Full sized stack washer and dryer & a rare 2 Parking spots! Just moments from Gas Works Park, Burke Gilman Trail, Fremont and so much more. Come live at Tavona!

…more

It looks as though there’s going to be a new leader in loan products this year. Considering the difficulty for buyers to meet the higher standards in getting a conventional loan, FHA loans are making a comeback. FHA loans have lost their value in previous years due to the ease and convenience in getting qualified for other products. “If you have a pulse, you can get a loan,” was the old joke that used to be heard near the water cooler. Now, increased standards of privately held banks have dissolved that saying into a feeling of impossibility. But, impossible is now hardly the case.

The challenge buyers now face when looking to qualify for an FHA loan is mostly the additional effort needed when going through the application process. However, as opposed to the newly required 10% down needed on conventional loans, a few benefits of FHA includes the ability to do 0-3 percent down, no income limit, and lower standards on credit score.

Virginia Lawson, a mortgage adviser for Cobalt Mortgage told us that there are a couple of factors buyers should consider before determining whether or not FHA is a viable solution.

1. The purchase must be a primary residence, and a borrower can only have one FHA loan at a time. However, there are some exceptions. For example, Lawson tells us that someone with a primary residence in California, who is being relocated for a job, can still qualify. “It has to make sense,” she says.
2. If you are looking at a condo, the building must be FHA approved. While several buildings downtown have already been approved, there are many that have not. After getting approved, it’s important to ask your agent if the building has been approved, but you can feel good about buildings that have either been built prior to 2000, or are currently under construction. Lately, developers have been including FHA approval in the development process considering recent challenges within the lending industry . Because this is a recent trend, new buildings that have already been available for occupancy may need approval.

New Construction Properties:
3 Classifications

1. Proposed – The home is in the process of being done.
2. New Existing – done but less then 1 year old. You must provide the following:
   As far as new construction single family, which is defined by FHA as homes that are less than one year old, the following documentation is required:
   (a) Copy of the Building Permit
   (b) Copy of the Certificate of Occupancy
   (c) Copy of all the construction inspections completed by the local authority that has jurisdiction (city, county, etc)
   (d) Fully completed and signed Builder’s Warranty (Form HUD-92544)
   (e) Fully completed and signed Builder’s Certification of Plans, Specifications and Site (Form HUD-92541)
   (f) Statement signed by borrowers as follows: “We are aware that the property was not approved by HUD prior to the start of construction and the Department does not have authority to provide financial relief for any future property repairs under Section 518(a) of the National Housing Act”
3. Existing

Check List for Spot Approval (Needed if building is not FHA approved):

*Subject to verification

• The legal documents of the homeowners association do not contain a right of first refusal or restrictive covenant.
• The unit is part of a condominium regime that provides for common and undivided ownership of common areas by the unit owners.
• The project, including the common elements, and those of any Master Association, are complete, and the project is not subject to additional phasing or annexation.
• (a) There are no special assessments pending.
  (b) No legal action is pending against condominium association, or its officers or directors.
• The common areas have been under control of the homeowners association for at least one-year.
• At least 90 percent of the total units have been sold.*
• At least 51 percent of the total units in the project are owner-occupied.*
• There are no adverse environmental factors affecting the project as a whole or individual unit.
• No single entity owns more than 10 percent of the units in the project(s).*
• The units in the project are owned in fee simple or the units are held under a leasehold acceptable to FHA.
• The owners association has adequate common area insurance coverage. General liability, replacement coverage, etc.. Reflects the character, amenities and risks of the particular development.
• Flood and other insurance carried, when applicable.
• General maintenance level of common elements is acceptable and there is no deferred maintenance, based on the comments by the Appraiser and/or the pictures.
• The owners association has a reserve plan and reserves fund, separate from operating account, which is adequate to prevent deferred maintenance. The amount of the fun is $____ as of _____.
• (a) For projects consisting of over 30 units, no more than 10 percent of the total units are encumbered by FHA insured mortgages.*
  (b) For projects consisting of 30 units or less, no more than 20 percent of the total units are encumbered by FHA insured mortgages.*

Virginia Lawson has over 16 years experience in helping people learn about financing and what loan program works best for their needs. To see if you qualify for FHA, or would like to simply learn more about your options in obtaining a home loan, please contact Virginia at (425) 605-3129 or visit her website.

Enjoy these pics of Olive 8. The hotel is planning to open in August/September December, so watch out for this tower to really start coming together in the next month or so.

From I-5 Overpass

Facing South

Be sure to check out several other photos of downtown on our new Flickr album.

The Building Bust Could Kill Some of Seattle's Most Ambitious Towers ...more

The Stranger interviewed me regarding the recent hold on the new construction of high-rise developments in the city. Here’s a look at what was reported by myself and other industry professionals regarding the future demand for downtown condos.

Alan Justad: Spokesman for Department of Planning and Development

“In terms of intake, the number of permits [is] down by about 8 percent,” says Alan Justad, spokesman for the city’s Department of Planning and Development (DPD). “But the value of those permits… is down about 40 percent,” indicating that fewer ambitious projects are being planned. Indeed, records from DPD indicate that 35 major projects have stalled in the design-review process since this time last year. Several more whose developers have filed permit applications or submitted updated designs are in doubt.

Matthew Gardner: Land-use economist and principal of real-estate analysis firm.

“I do not expect any new residential [towers] to break ground this year.” While Seattle’s economy is faring better than parts of the country that have a glut of condos and few buyers (like Miami), the strained national market is forcing developers to prove they can presell many of the units before they get financing. Buyers, meanwhile, have a hard time getting loans to buy the presale units. Gardner adds: “Unless you are digging a hole, I’m not quite sure it’s going to happen.”

Me

But next year may not look much better for condo developers, says downtown realtor James Stroupe. “Right now, if you don’t see a crane for new [condo] construction, it’s not getting built until 2011,” he says. Stroupe says developers will probably build the project on Second Avenue—eventually—but not others. “Just look at the ones that look ridiculous,” he says. “They probably won’t get built.”

Alec Carlin: Heron and Pagoda Towers developer.

“Timing is everything,”

Dean Jones: President of Realogics

The paradox in the doom-and-gloom forecast, however, is that demand is expected to resume at roughly the same moment supply disappears. “For year-to-date, we’re effectively balanced for total condo sales as the past years,” says Dean Jones, president of Realogics, one of Seattle’s preeminent development consultants. But, he says, “We’ll have a real dearth of condos by 2010.”

If you live here, or plan on living here, you must love early 1900’s architecture. One of Seattle’s most unique structures has officially reopened as a hotel yesterday. The Artic Club Hotel was originally built in 1917 and is known for the walrus heads that surround the structure. Many people are also familiar with the “dome room” which I’ve heard has been a location for various types of receptions. According to the general manager, the process was a painstaking process in getting the structure up to code. It sounded like one of the biggest concerns was of course what could happen in the event of an earthquake. For whatever pain the team had to go through in getting the place open, it’s a truly impressive piece of work. From the molding, furnishings, grand lobby, and black and whites hung throughout, the hotel should do well with it’s fairly isolated downtown/business district location. Enjoy the pics!

Main Entrance

Grand Lobby

3rd Avenue Entrance

Banquet Room

2nd Floor Dome Room

Be sure to check out several other photos of downtown on our new Flickr album.

Just a couple of pics of ESCALA from Westlake Mall and across the street on 4th and Virginia:

From 4th & Pike

From 4th & Virginia

Be sure to check out several other photos of downtown on our new Flickr album.

Wondering what the western facing side is looking like? Here’s a couple pics:

Facing East on 1st Avenue

Facing West

Be sure to check out several other photos of downtown on our new Flickr album.

There’s only one window that really lets you get a peek inside of AVA’s sales center, and all there is to see is a scale model of the building. So, there’s not much to see, but here’s what I got: