Queen Anne High School Condo is following the foot steps of Press Condominiums and Seventeen07 and will be auctioning their 12 remaining homes on Sunday, March 22nd at the Grand Hyatt Hotel at 1:00pm.
Minimium bids for these homes start at $145,000 for the studio, $325,000 for the one bedroom plus den, $245,000 for the two bedrooms, and $650,000 for the penthouse. Click here for more details and the auction video.
I visited the project again today and took another look. Of all the homes, #367 and #402 (penthouse) seem most interesting. The penthouse was previously listed for $1.29 million and the price was dropped to $999,950. It has a great view of the city, 14 foot ceilings and large vintage arched windows (though they are single pane). As for #367, I like the fact that it is facing the fountain courtyard, well laid out, and the deck is accessible from both bedrooms.
In the last auction for Press Condominiums, 350 people attended the event and all the homes were sold within 45 minutes at ~ 92% of the asking prices. Queen Anne auction will be conducted by the same company, Kennedy Wilson Auction Group, a real estate company based in Beverly Hill, California. So far, they are not extending this type of service to individual owners yet but if this method continues to find success, I wouldn't be surprised.