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September 1, 2011

Matrix Real Estate

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All 10 units in this West Seattle condo project have been sold.

All 10 units in a West Seattle condo project at 1350 Alki Ave. S.W. have been sold after the previous developer lost the project in foreclosure midway through the sales process. A limited liability company managed by Pacifica Enterprises of Rancho Santa Fe, Calif., bought the unsold units in a bulk sale. When Matrix Real Estate of Seattle took over marketing and sales in January, three of 10 units were unsold. Matrix's Chaun Mackey and Sarah Heath worked with the construction management company J. Taylor Consulting on requests from buyers. Asking prices ranged from $499,950 to $598,950, and this year units sold for between $477,500 and $570,000, records show. Pacifica's LLC bought one of those units. Units that closed from 2008 through 2010 sold for between $520,000 and just over $1 million. The view condos range in size from 1,325 to 1,425 square feet. Each has a private elevator entry and radiant in-floor heat.




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