Greenlake Real Estate Market Update $900k & Up:

Greenlake estate homes sold recently include:

• 6644 E Green Lake Way N:  4 days on the market listed for $900,000 and sold for $925,000
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• 2344 N 62nd St:  7 days on the market listed for $925,000 and sold for $975,000
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• 7611 W Green Lake Drive N:  4 days on the market listed for $965,000 and sold for $957,000
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• 7621 W Green Lake Drive N:  23 days on the market listed for $1,189,000 and sold for $1,120,000
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• 5726 Kirkwood Place N:  3 days on the market listed for $1,250,000 and sold for $1,225,000

The median sales price for these Greenlake homes sold is $975,000.

The average days on market for all of these combined is only 8 days.

Greenlake Seller Alert:

There is a demand for higher end Greenlake estate homes. I would like to offer you a clear plan on selling your Greenlake estate.

Green Lake is a wonderful Seattle neighborhood – if you are interested in Green Lake homes for sale, please let us know what we can do for you.  We have excellent Green Lake listing agents and also some of the very best Green Lake Realtors for buyers.  

Cooper Jacobs Real Estate is different and we want to show you why. courtney@cooperjacobs.com

1/2 mile to Green Lake!

Value & versatility w/fab mother-in law & quality construction. Light & spacious w/open floor plan & up to the minute colors throughout. 3 bds on main, super kitchen. Fourth bedroom, extra room for big office, full bath, utility & storage area in lower level. Sweet m-in-law wi/way cool kitchen, big living/bdrm space, full bath & separate utility room. Great access to freeways, shopping, schools & more. Updated plumbing, electrical, new roof & fresh paint.  $549,000

 

 

About Cooper Jacobs Real Estate...

Cooper Jacobs Real Estate LLC is located centrally near some of our favorite Puget Sound neighborhoods just a few blocks up from Lake Union in Seattle’s Wallingford.  Cooper Jacobs Real Estate is a wonderful place filled with talented Seattle real estate brokers.  

We specialize in different Seattle neighborhoods and suburbs in both residential and commercial real estate and are all very passionate and excited about each of our favorite Seattle neighborhoods and industries!

 

 Cooper Jacobs Real Estate LLC 

If you need a Seattle Realtor

206-236-9696

realestate@cooperjacobs.com

 

 

 Looking for a knowledgeable, experienced Seattle real estate agent? 

A broker who knows both Seattle real estate and Seattle suburbs real estate? An agent that knows how to provide the best in service and puts you first ALWAYS - a Seattle real estate agent that has your best interests in mind?  A Seattle Realtor that stays up with the latest tools and technologies for selling Seattle real estate? 

 You may have met other Seattle Realtors, but we do things differently!

Meet our talented team:

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3645C Wallingford Ave N, Seattle, WA 98103

 

©Cooper Jacobs Real Estate LLC

Here’s a sparkly gem of a 1 bedroom home for sale in Green Lake, WA, just one block from the northernmost tip of Green Lake, near the I-5 freeway. It’s a storybook cottage with stunning landscaping and curb appeal galore. Recently remodeled, this 1 bedroom home for sale sports a newly spiffed-up personality, with cheery floor-to-ceiling windows pouring in light and views of all the considerable beauty just outside. One of the highlights of this 1 bedroom home for sale is its breathtaking back yard, which includes a huge deck looking out on lavish flowerbeds and bushes. Dining in the garden al fresco will become a relaxing, addictive experience. Pet owners and nature-lovers will fall instantly for this 1 bedroom home for sale, and just about anyone will be hugely attracted to its many floor-to-ceiling windows and rooms full of gently glowing wood floors.

The lovely interior of this very special 1 bedroom home for sale in Green Lake, WA has been tastefully designed to maximize your comfort and adorn your time at home with splendor. Rooms are expansive and pleasantly contemporary. The large living room has a brick fireplace on one wall, topped by an enormous mirror. The master bedroom also has the same gorgeous hardwood floors as elsewhere in this 1 bedroom home for sale, and is so big you could easily put two, even three king-sized beds in it! This exceptional 1 bedroom home for sale also offers tons of potential for self-expression in both your design and your living styles, and a second floor extension with a sprawling view of the lake would be a great first step.

The surrounding neighborhood around this 1 bedroom home for sale in Green Lake, WA is lavish with tall trees and beautiful houses, nicely landscaped. You’re only two miles due north of vibrant downtown Seattle and all its wonders, so commuting will be an absolute breeze. And of course, the Sound and Lake Washington frame your locale like shimmering bookends. Schools near this 1 bedroom home for sale are plentiful, including the North Seattle Community College, and groceries are likewise a piece of cake. Speaking of cake, near this 1 bedroom home for sale in Green Lake, WA there are some intriguing bistros and restaurants you will want to explore, like Duke’s Chowder House and Chocolati. The Seattle Public Theatre in Green Lake Park is practically at your doorstep in this 1 bedroom home for sale. All in all, it’s a warm, irresistibly pretty home in a neighborhood to match!

Condos for sale in Green Lake in Seattle, WA have always been a consistently popular market.  From early 2011 to early 2012 the number of sales was up about 5% while the inventory has continued to remain relatively low for the amount of buyers wishing to relocate to the area, creating a positive environment for sellers.  However, if you are looking to buy, you will find that quality condos for sale in Green Lake can sell quickly and often with multiple offers pending, driving prices upward.  So even with median prices dropping over the last year, the market is still competitive for buyers and sellers.

When I did a search for condos for sale in Green Lake below $250K forty-six properties came up, 21 of which are currently in foreclosure or short sale status.  Obviously this market holds a lot of opportunity for prospective buyers; it’s actually possible to procure a condo for sale in Green Lake right now for under $140/square foot!

Green Lake is a very popular neighborhood in north-central Seattle, surrounding the lake and park it is named after.  Along with 2.8 miles of pedestrian paths surrounding the lake, it was also home to a fun piece of history: the Green Lake Aqua Theater. It was built in 1950 for the first Seafair in order to house an attraction called the Aqua Follies and their "swimusicals," a combination of aqua ballet, stage dancing, and comedy. The stage was also host to a jazz festival, popular performers such as Bob Hope, two plays, and a special presentation of the Aqua Follies with 100 performers.  A 1969 concert by the Grateful Dead revealed that the grandstand was crumbling and dangerous however, and in 1970 the theater was dismantled.

Real estate in Green Lake has remained popular because of the local attractions surrounding the lake, ease of access to parks, and quality and local infrastructure there.  In the summer, Green Lake itself is very popular and attracts people from all over for swimming and boating.  Today many forms of motor-less boats, including sailboarding, pedal boats, rowboats, skiffs, and canoes, are commonly seen on the lake.  Because of all these solicitous options for activities, beautiful surroundings and even through minor ups and downs in real estate, there will always remain consistency and popularity in the market of condos for sale in Green Lake.

Pre Approval should be a priority for potential Seattle home buyers | GUILD MORTGAGE | Tom Jarzynka

If you are looking to buy a house in Seattle (and thinking about completing the pre approval process) and you do not have extenuating circumstances when it comes to the variables that make up a mortgage application (e.g. credit, employment, assets, etc) that could be a real reason to delay moving forward with a complete pre approval process (e.g. credit pull, financial documentation gathering, etc)… then it is in your best interest to complete the pre approval process.

Of course, you will want to complete the pre approval process, preferably, with someone you trust and want to work with. But, as a Seattle home buyer, keep in mind that you are not bound to work with a lender just because you completed a pre approval with them. Sometimes, working through the pre approval process will give you more insight into what working with the individual (lender) will be like; this understanding can help reaffirm your desire to work with this lender, or dissuade your decision to work with a lender consequently.

You want to complete a pre approval with someone that is going to explain your different options when it comes to mortgage products, programs available to your unique scenario (i.e. MCC program through WA State, etc), and someone you can speak candidly with about your scenario, expectations, etc. With that being said, I know the pre approval is a bit of a step to take when thinking through the home buying process in Seattle, but if you are serious about buying in the next six months to one year, completing a pre approval is a step I strongly encourage you to take.

When you have completed the pre approval process, you will have a foundation of what you are looking to achieve form the financing side of the transaction and will allow you to move forward confidently into the home searching/buying process. Also, only after a loan officer completes a pre approval for you, can they truly then send you (the buyer/homeowner) a set of expectations that can be counted on when it comes to closing costs, eligibility, terms, etc. Call me anytime with questions.

We need to start using a value range for Appraisals | GUILD MORTGAGE | Tom Jarzynka

Dealing with an appraisal that comes in below what the sales price is on the PSA or what was expected for a refinance transaction to work is so incredibly frustrating.  We can put all the blame we want on the new HVCC system and there is no question is can be brutal at times.  I understand the concept and function of the appraisal management company and have made sure to have my agents pull comps for me, or in extreme cases get an appraiser’s opinion of value that is not on our preferred lender list that is enlisted with our HVCC appraisal management company to set some sort of expectation on value before costs are incurred, etc.  One of the biggest issues now (which was part of the reason for set up the HVCC system to begin with) is our lack of communication with the appraiser.  This is a major issue, mainly on refinances, when we need only $5,000-$7,000 more in value to make a refinance transaction able to be completed that will save the homeowner a significant amount of money (from the monthly cash flow payment perspective, and throughout the short, medium and long term breakeven perspective). 

A deal closing that betters the mortgage position of a home owner and saves them significant money, versus a deal not closing (and costing the homeowner’s the cost of the appraisal that is not useful to them, or requiring them to bring in more money to meet LTV requirement thus reducing their liquidity reserves) because of a value that is only ~$5,000 less than what was needed, is ridiculous – especially, when this “specific” appraised value that the appraiser came up with is solely based on their educated opinion, and this opinion of value can easily swing slightly, or significantly (as we all have seen) in either direction depending on who (the individual appraiser) appraises the property. 

There is just no way that an appraiser can give a specific value for a property, because it is only their opinion - why have we not figured out a Range based on a Significance Level that is a part of each appraisal.  For example, a possible scenario would be if the appraiser appraises the property at $230,000, but the appraisal carries a variable significance level of +/- 2% (or more; maybe this percentage would be based on the specific market area: county, city, etc).  

So, in this scenario you would have a range of $225,400-$234,600 that you could use when calculating your LTV for financing, etc.  However the appraisal range scenario would work out, it baffles me on how we have not subscribed to this type of valuation system yet, because there can be too much riding on a specific value that is based on one persons opinion.