We review association documents and resale certificates for clients on a regular basis. Every week we post stats and something fun or interesting.

This week it is Belltown Lofts with 58 residential and 4 commercial units in Belltown.

• Average Sale Price – ~$823 per sq.ft. (based on four sales over the last six months)
• Currently For Sale:
  • Unit #305 listed at $649k or approximately $729 per sq.ft
  • Unit #46 listed at $399k or approximately $596 per sq.ft
  • Unit #56 listed at $480k or approximately $717 per sq.ft
  • View All Units Available at Belltown Lofts On Our Site
• Average Monthly Assessment – $0.77 per sq.ft. (so if your condo is 1,000 sq.ft. you’d be paying ~$770/month).
• Move-in Fee – yes and it is variable. The fee is $100 if you schedule your move at least two weeks in advance, $200 if scheduled a week ahead, and $300 for moves without notice. Moves that happen outside of business hours or on the weekends are subject to a $500 fee.
• Pets – dogs and cats are permitted subject to the customary rules.
• Rental cap – no.
• EQ insurance – yes.
• Reserve funding – 62% (at least 70% is generally recommended)
• Risk of special assessment – low to medium; however, a $1.3m special assessment for the roof replacement is currently in effect.

Fun fact – private club alert! Belltown Lofts has a common area rooftop deck. The rooftop deck has a grill. Residents who wish to use the grill, must join “the barbeque club”. Membership is $50/year. Bringing your own grill to the rooftop deck is prohibited.

Want us to help you review a resale cert?
Have an interesting fact to share about your association?
Need help buying or selling? We are here for you!

And of course a fancy disclosure has to follow because attorneys tell us it is a good idea – all information contained herein is based on third party records, is not guaranteed, and is subject to change. We simply review, tell you what we read in someone else’s docs, and hope whatever they have is / was correct at that time.