Published: Friday, October 06, 2017 @ 9:18 PM
SEATTLE — A listing of a 910-square-foot, boarded-up home in the Ballard neighborhood is showing just how hot the real estate market is in Seattle right now.
Seattle real-estate agency Lake & Company listed the 6512 11th Ave. N.W. home for $595,000 Monday.
The listing started getting attention when real-estate database Redfin picked it up.
Redfin calculates the chance that a home will go under contract with a buyer within its first two weeks, based on the neighborhood and property. When a property meets a certain standard, it’s listed as a “hot home.”
The Ballard home – built in 1901 – is considered just that. According to Redfin, there’s an 80 percent chance it will sell in 10 days.
Despite the Redfin description of zero bedrooms, Lake & Company told KIRO 7 News that the house “theoretically” has three rooms and a bathroom. That’s based on a description from the King County Department of Assessments, which appraised the property for $390,000 in 2017.
Because it’s boarded up, no one from the real-estate company has actually checked the interior. Lake & Company didn’t disclose the bedroom number on its own listing, because the agents are focused more on the land value.
The lot, 6,420 square feet, is in prime Ballard. Lake and Company calls the property a “builder alert” with “excellent development opportunity.”