Proposed Bill Would Make Micro-Housing More Expensive To Build

Thousands of tiny apartments, often called “apodments”, have been built in Seattle over the past several years, and they haven’t been a huge hit with many neighbors who live near them. More akin to dorm rooms than to traditional apartments, many of the units are only 150 square feet – about the size of a parking space – and occupy tall, narrow buildings that are often out of scale with the neighborhood and usually don’t provide any parking for residents, even in densely populated areas of the city such as Capitol Hill.

Micro Apartment sketch from Biz Journal

Micro Apartment sketch from Biz Journal

But the Puget Sound Business Journal is reporting that a new bill proposed by a Seattle City Council committee would put in place new regulations that could dramatically curtail this type of building. Under the new legislation, micro-housing would be subject to the Design Review Board, which can cost developers an extra $200,000 (currently they do not have to go through the design review process); units would have to be a minimum of 220 square feet; and builders would have to provide some parking spaces and possibly bicycle parking areas. The council vote on the new legislation is scheduled for October 6.

If you are interested in rentals in the Seattle area, contact your local real estate agent today.

Downtown Condo Rental: $2,650

olive 8 pool

This  condo boasting urban living at its finest in the coveted Olive 8 is now available for rent! Enjoy the spectacular water and and city views through glass walls and the private balcony while entertaining from your Chef’s kitchen, complete with stainless steel appliances, granite, custom lighting and cabinetry. Take advantage of the world-class amenities of the Hyatt Hotel such as room service, fitness center, 65′ saline lap pool, spa, valet, and housekeeping. Walk to shopping, theaters, and restaurants. Easy access to I-5, light rail and SLU streetcar. For more  information on this and other Seattle rentals, contact your local real estate agent today!

Status: For Rent
Bed//Bath: 1//1
Price: $2650/Month

July Seattle Rentals Real Estate Recap

King County rental activity was up the last three months with 334 leased properties in July compared to 324 in June and 243 in May according to stats from the Northwest Multiple Listing Service.  No surprise, as the summer months are often the busiest  in the rental business.

Highlands Rental Home

Highlands Rental Home

For the most part these numbers are down from the same time last year with 384 leased properties last July, 348 last June, but a whopping 329 last May in King County.  Currently, there are 385 available King County rentals on the NWMLS, with 82 in neighborhoods within 7 miles of the downtown core.  The current highest asking price is $15,000/mo for a 5 bdrm./6 bath single family home in Denny Blaine. If you’re interested in Seattle Rentals, contact your local real estate agent today.

Madison Park Rental Home: $6,250

madison park rental home

This nice sunny Madison Park home on a corner lot with a huge level and enclosed lawn area is now available for rent. Incredible, authentic craftsman features updates throughout, four bedrooms plus an office and sitting room. Kitchen, family room, and four and a half bathrooms with heated floors in a wonderful location, right across from McGilvra Elementary school and a short distance to Madison Park shops and restaurants. This is a classic home and fantastic location! If you’re interested in this, or other Seattle area rentals, contact your local real estate agent today.

Status: For Rent
Bed/Bath: 4/4.5
Price: $6,250

Seattle Rentals May Monthly Recap

King County rental activity dropped in May from April with 262 leased properties, according to stats from the Northwest Multiple Listing Service.  This number is down from the same time last year with 354 leased properties in King County.  Currently, there are 287 available rentals on the NWMLS, with 56 in neighborhoods within 7 miles of the downtown core.  The current highest asking price is $8500/mo for a 2 brd/2.b bath condo. shorewood

For more information about Seattle rentals, please contact me at anytime.

Eastlake Condo Rental: $3,599

eastlake

This elegant 2 bed, 2.5 bath condo unit in the Tramonti condominium is now available! The unit also includes a den and has views of Lake Union and Downtown Seattle. From its sophisticated aesthetics to its steel and concrete structure, this home offers the finest materials and design. Features include freshly painted interior, an amazing open floor plan with European hardwoods, 9.5 foot ceilings, and a gas fireplace. The kitchen also contains stainless steel appliances and granite counter tops. This condo has over 30 feet of roof top deck with full Western Views! If you’re interested in this, or other Seattle rentals, contact your local real estate agent today.

Status: For Rent
Bed/Bath: 2/2.5
Price: $3,599

Belltown Condo Rental: $1,400

belltown rental home

Have you been searching for an affordable rental in Belltown with a view? Check out this Belltown studio rental in the much sought after Avenue One building, now available. This contemporary rental features a gourmet kitchen with a gas range, granite counter tops and all stainless steel appliances. Avenue One is in close proximity to the Sculpture Park, Seattle Center, shopping and very convenient to Downtown, Queen Anne, and South Lake Union. Building amenities include concierge, an entertainment room, access to the athletic center and a beautiful shared rooftop deck. If you’re interested in this, or other Seattle rentals, contact your local real estate agent today.

Status: For Rent
Bed//Bath: Studio/1
Price: $1,400

Living in Tight Quarters: 2,400 Micro-Apartments Planned in Seattle

Apodments, or micro-apartments have been trending in Seattle’s rental realm over the past year, with 700 units built in the city limits thus far. These mico units have appealed to the carless city dwellers who can fit the majority of their belongings in a 100-185 sf space. According to the Seattle Pi, that is roughly the size of a city parking space. apartment

An estimated 2,400 additional units are in the works for the city of Seattle, in different stages of planning and permitting. The growing popularity of these units has caused a debate over whether these units are opening up opportunities for more affordable housing, or if they’re causing a surplus of tenants to migrate into already crowded neighborhoods. Seattle micro-units generally range from 100-185 sf, cost around $660/month, and usually a private bathroom, but many do not have kitchens or full kitchens. For more information on Seattle rentals, visit your local real estate agent today.

King County Rental Market Recap March 2014

The King County rental market saw an increase in leased properties in March,  with 641 rentals, versus 611 leased properties in the same month last year, according to statistics from the Northwest Multiple Listing Service (NWMLS). While the NWMLS is a good gauge, it is only a portion of the real estate market.  Nonetheless, it shows rentals continue to be in high demand, especially in Metro areas.   Developers are following suit with big apartment buildings popping up in Ballard, Downtown, and South Lake Union and   according to an article from PSBJ, Seattle ranked the 7th best market for rental property investing. bellevue home

There are 268 current active rentals per the NWMLS in King County, 72 of which are in Seattle neighborhoods within about 6 miles of the downtown core and primarily made up of apartments and condos.  Rents continue to be competitive in the real estate market.

For more information on Seattle rentals, please contact your local real estate agent.

2014 Trendy Rental Perks

If you’re on the prowl for a new rental home, chances are you’re looking for amenities such as new kitchen counter, hardwood flooring and more than one bathrooms, but there are also other perks to living in a shared community that renters today should consider when searching for the perfect rental. From basic perks like an on-site laundry facility and parking to fitness centers in the building, each renter should consider which amenities they’d like to have included with their rental home. Living in an apartment these days doesn’t mean you have to forfeit a yard or BBQ space; private backyards are becoming more commonplace in first level units, and are much larger than your standard unit’s patio. If this is something you’d enjoy (or your furry friend would enjoy!) you’ll typically see a price increase anywhere from $150-$200. rental home jason

Like many Seattleites, I like to start my morning with piping hot latte – and it just so happens many of the apartment buildings in the area have an on-site cafe located in the lobby for your convenience. Is you morning workout important? Look for a building with an on-site community gym or a lovely pool (pictured right at the Olive 8), or if you like a nice summer BBQ, look for a building with a shared rooftop terrace. If you’re searching for a nice rental for you and your furry friend, pet friend amenities used to be difficult to find, but are becoming more commonplace in neighborhood buildings. Full-service pet spas and doggy-daycare  are located in many buildings for your convenience and your companions pleasure! Whatever your needs may be, it’s important to consider building amenities when searching for your next rental home. For more information on Seattle rentals, contact your local real estate agent today.