Olive 8 Condos Up For Auction

by Deidre Woollard (RSS feed)
Aug 21st 2010 at 8:02AM

The last time I mentioned the Olive 8 condo complex in Seattle was in 2008 when the developer offered prospective buyers a price guarantee. Now on September 19, 34 condos in the building will be auctioned off in a sale conducted by Kennedy Wilson.

The 34 condominiums are located above the downtown Hyatt at Olive 8 and were previously priced from $395,000 to $1,235,000 with five of the 34 condominiums previously listed at over one million dollars each. Starting bids at the September 19th auction will range from $160,000 to $440,000 with all five million-dollar-plus condos included in the bidding.

The one- and two-bedroom condos at Olive 8 have up to 1,586 sq ft of living space and share the Hyatt's amenities including room service and housekeeping. Residents-only amenities include a 24-hour concierge, access to the Club Lounge and outdoor terrace, billiards and entertainment rooms, and a dog run. Units have hardwood flooring, glass walls, modern kitchens and bathrooms with deep soaking tubs. The 34 condominiums up for auction are situated between the 18th and 26th floors. The auction is offering a special incentive of $5,000 toward closing costs to those who who obtain financing through Bank of America Home Loans and Wells Fargo Home Mortgage and close escrow within 45 calendar days of the auction.

[Seattle Post-Intelligencer]

Tags: condo auction, olive 8, seattle real estate, washington real estate