Tacoma CondosTacoma LoftsTacoma Real Estate April 18, 2013

Downtown Tacoma Condos

Tacoma Real Estate is complex. There are downtown Tacoma condos for sale for $50,000 that once sold for $250,000. Not only that, you might see one building with units for sale for hundreds of thousands of dollars while the building across the street has units for sale for less than $100,000!  What gives? 

In a word, it's all about the financing, baby. Check out my blog post for more information about how to protect the value of your condo and keep your building financeable!

Tacoma CondosTacoma LoftsTacoma Real Estate September 21, 2012

Downtown Tacoma Loft Buildings Part 1

 

One of the questions I get the most is, “Which are the buildings in Downtown Tacoma with Lofts?” Thanks to Downtown Tacoma’s industrial past, there are quite a few, some of them are rentals and some are condos. I thought I’d do a series of posts about what is out there in Tacoma. If you think I missed one, or need to update my information about financing or amenities, please leave your feedback in the comments!

Condo Buildings

Cliff Street Lofts – 1119 A Street Tacoma, WA 98402

The Cliff Street Lofts were one of the first buildings in Downtown Tacoma to be converted from apartments to condos. They have the high ceilings, open layouts, and features like exposed brick that Loft Lovers enjoy. Some of the units enjoy views of the city, while others have full Mount Rainier and Murray Morgan Bridge/Port of Tacoma views.  The building is not FHA or VA Approved as of the writing of this post- so double check with your lender if you plan on using that type of financing to purchase in Cliff Street.

Building amenities include underground parking, a rooftop deck with BBQ’s and deck chairs and an elevator.

Perkins Lofts – 1101 A Street Tacoma, WA 98402

I often think of the Perkins Lofts as the Cliff Street Loft’s slightly fancier older sister. The finish levels on lofts in The Perkins Lofts are higher, with many of the units sporting cool designer touches. The units at The Perkins Lofts tend to be large with lots of exposed brick, wood floors, and big windows. This building has fared better than many downtown during the downturn. Last I heard they were iffy on FHA financing and could not do VA Financing, so check with your lender about how best to get a loan on a Perkins Loft.

Building amenities include underground parking, a rooftop deck with BBQs and deck chairs, two elevators (great on move in day!), and an atrium/reading room.

The Bridge Condominiums  – 744 Market Street Tacoma, WA 98402

The units inside The Bridge are all totally unique! You know when you buy one of these that you will have something different than everyone else in town. As I understand it, before the building was converted into condos it was some kind of medical facility, so there are lots of brick walls, concrete floors, and unexpected layouts- usually in a good way!  Unlike many lofts that are built into existing buildings- some of the units at The Bridge have their own private rooftop decks, one of my clients that bought there even has TWO DECKS, which in the world of Lofts makes him rich in decks indeed! That said, even if you’re not lucky enough to have a unit with a deck there is a shared community room with deck on the roof. These units are funky, with brick and concrete accents, stairs to nowhere, and other unusual lofty touches. Last I heard FHA & VA financing were not available, so check with your lender about options. My last client to buy here got a Portfolio Loan.

Building amenities include a community room with a rooftop patio with a BBQ, elevator, and storage is available to rent monthly. The biggest downside is the lack of parking, most residents rent spaces by the month or year in the uncovered lot next door.

Next time I get a few minutes I’ll highlight a few more Loft buildings in Downtown Tacoma, and include a few buildings for you renters, too!

 

Tacoma Real Estate June 22, 2012

Pierce County Median Homeprice Flashbacks

was tidying up my desk recently and found a relic from the Real Estate Boom Times, an article in the Tacoma News Tribune about the Pierce County Median Home Price from June of 2006. Back then, it was setting a record high at $266,500. The article talks about what you can get for your money in various neighborhoods.

Nowadays the median home price is MUCH LOWER, but it is finally starting to inch back up. Back in January it was $174,000. Now that median is closer to $190,000.  That is county wide, and each neighborhood’s median is different- but seeing this article reminded me how affordable everything is out there.

That’s it. No pitch. Just a blast from the newspapery past!

Tacoma Real Estate October 13, 2011

The Most Expensive Houses to Sell in Tacoma This Year

Sometimes writing market updates during the worst housing crisis in the history of our country can be kind of a bummer. The foreclosures, the short sales, the empty inventory… it’s so much more fun to talk about people in Tacoma buying million dollar houses, right? I mean, who are these people? So today I am throwing my pie charts, graphs, and acres of sold data to the side of my desk to bring you THE LIFESTYLES OF THE RICH AND (TACOMA) FAMOUS! That’s right, we’re gonna party like it’s 1989 on Get Real Tacoma today- bust out your champagne wishes and caviar dreams because we’re gonna get our luxury on!

Robin Leach wasn’t available today so I will be your host as we take a peek into the lives of some of Tacoma’s wealthiest residents. We’ll be looking at the 5 most expensive closed home sales in Tacoma so far in 2011.

The #5 Most Expensive House Sold in Tacoma This Year- It’s a tie… (more…)

RantsTacoma Real Estate September 13, 2011

RANT: Get a Sewer Inspection

Sewer inspections are SUPER SUPER SUPER important, people. Early in my career I didn’t know this (I grew up in the boonies with septic systems), and when my clients bought houses they would have a home inspection, but didn’t have a professional come out and inspect their sewers.  This is BAD BAD BAD.

 

Fortunately, early on I discovered the importance of sewer inspections and have been a noisy advocate for them ever since.  When the Realtor Association opposed the City of Tacoma’s plan to make them mandatory, I was the lone voice on the board saying that I thought they SHOULD be mandatory, even if it would be a pain in the neck for everyone- me included.  I still get crap about that from my peers in the biz, but I still think it would have been the best thing for home buyers.  As it stands, we have to show you this flyer, which I think could have been more terrifying, but ah well. 🙂 (more…)