Back in October 2013, we noticed that a Northwest Contemporary designed by Seattle architect James Jessup in Maple Leaf had hit the market for the first time in forty years asking $540K. It ended up selling in November 2013 for $529K.
The new owner isn't waiting another forty years to sell this time. They've put the 2,320 square-foot 3-BR back on the market less than three years later. Perhaps as a sign of just how much the market has changed in that time, they've listed the home for $727K.
Comparing the photos between the old and new listings we don't detect too many updates, if any, though more care has been taken to stage the new photos and really sell Jessup's work. The vaulted hemlock ceilings do much of the work on that front all by themselves. The listing notes that the kitchen and bathrooms received 2009 upgrades as well. Bonuses like the sauna and in-ground pool only help the justify the price jump.
We'll be interested to see how the market responds. Given some of the stories we've heard recently, we don't think $727K will be a problem.
· 1547 NE 90th Street [Windermere]
· Northwest Contemporary By James Jessup Available For $540K [CS]
· Tales From the Seattle Housing Market: $335K Over Ask in Phinney Ridge [CS]