Avenue One in Belltown
2721 1st Ave

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Avenue One is a high rise building located on the north end of Belltown on 1st Avenue.

The stats:

  • 117 residential units – Studios, one and two bedrooms + 3 commercial units
  • 13 stories
  • Built in 2005
  • All units have at least 1 parking space and 1 storage space, some have multiple of each
  • 8 units have sold in the last 6 months ranging in price from $203,093 to $620,000; at the time of this post there is one unit pending that is priced at $450,000 and 2 units are active both priced at $798,000
  • HOA dues include: water, sewer, garbage, gas, building maintenance, on-site manager, concierge, professional property manager, earthquake insurance
  • Amenities: Concierge, party room, roof deck with BBQs, guest suite, gym

The pros:

  • Avenue One is located on the quieter end of Belltown which many feel is a pro since they are not right in the noisy action but just a short walk away
  • Nice building amenities for residents to use
  • Every unit has parking and storage
  • Many of the units have views of the city, Space Needle, mountains and/or Sound
  • There are gas cooktops in the units which seem to be the preference of buyers
  • As a high-rise, they allow hard surface flooring
  • Close proximity to the Waterfront, Seattle Sculpture Park, and easy access to downtown and South Lake Union
  • Some units were upgraded to include air contioning

The cons:

  • The deck spaces tend to be small and not very functional on most units
  • The concierge staff is not on duty 24 hours and there’s no concierge staff on Sunday
  • Many of the lower floor units on the south and west sides are pretty dark due to facing the alley or neighboring office building
  • The gym is somewhat limited in options for equipment and is small

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By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.