Your chance to bid on lion’s share of an Alki condo development

A public notice is published today for an upcoming foreclosure auction that, according to online records, includes the lion’s share of one of Alki’s newer condo developments, 1350 Alki Avenue SW (built in 2008, which is also when the Google Street View image above was made). Of its 10 units, one is sold, according to this sales website and county property records. The foreclosure/notice of trustee’s sale document on the King County website (read it here) says that as of January, $5 million was owed, and says that what’s being offered at auction at the county Administration Building downtown on April 10th includes 9/10ths interest in the land and seven of the condo units.

Wilson March 18, 2009 (9:02 am)

This is interesting…there is one lawsuit already filed against these people(developers) that I know of …. buyer be ware!! That poor lady who paid full price (over 1 Million) and now living in an empty building.. that’s too bad.

Michael March 19, 2009 (2:39 am)

There’s some weird correlation between American flags and building issues – between that one (although the flags have been removed in the last few months) and the former FSA building…
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If the property has foreclosed, I don’t believe a developer lawsuit will affect it, as they no longer own it. But maybe Wilson meant that it might indicate the developer might have cut corners in the construction or something…?

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