A single-family house, built in the mid-60s and updated for three living spaces, has a sale pending for a whopping $1,150,000. The house, near Thornton Creek on NE 104th Street, was originally listed for $1.2 million, and then dropped the asking price by $50,000. It probably sets a record for a sale in our neighborhood that isn’t a new construction.
Seattle homeowners, and prospective buyers, know that housing prices have been steadily climbing here for several years, frequently the hottest market in the nation (though recently it ranked third). For long-time residents, who probably purchased their houses decades ago in the low six-figures, seeing prices top a million dollars is enough to make their heads spin in our modest middle-class neighborhood.
Redfin estimated that monthly mortgage payments on the house would be $3,826, plus an annual property tax of $7,596.