Update on Post About 6 Houses for Sale on One Block

We did a story a few months ago on quite a number of houses for sale on one block - 45th Ave NE.

Well, one of the very large new construction houses did finally sell, but not a surprise at all was a short sell. This one at 4737 45th Ave NE was purchased for $782,900 and sold for $1,100,000 in June. Looks like the builder lost quite a lot of money on that one (as he will on all 4 of his homes) as the builder told a staffer it costs about $500k-$600k to demolish a build a new home from start to finish.

Three of the very large houses are pending and will also be short sells. We've heard that all have 3 primary offers and also 3 secondary offers (the very very short sell offers). And also have been told this process can take 45-60 days to complete if not longer. One of the people with an offer in told a staffer he offered what his family could afford and will see what the outcome is.

Two houses were originally on the property where the 3 homes were constructed. One of the houses that was demolished was purchased for $695k. The two houses that were built on the lot along with another were originally listed at $1,395,000.

Here is an interesting picture a staffer found of the massive houses under construction.

And check out these pictures of 4735 45th Ave NE. Awesome view and very very spacious.

Next to these large construction homes on the north side at 4747 45th Ave Ne is an older home, which sold on September 4th at $535k. The original asking price was $638,000. So the sale price was 17% under the asking price. And the house was on the market for 311 days.

And still on the market is a classic tudor home listed 88 days ago at $749,000.

And just a block south of these homes is another new construction home recently taken off the market and now rented for about $4,000 a month the builder told a neighbor in that area. It was on the market for almost a year.