Indeed I am still very happy with my purchase…. I can’t figure out the darn kegorator yet… nor do I even know where to get kegs for it…

I got some questions I’d love to ask about that and other things if you gotta moment…. my email is nicoleinseattle@msn.com. I’d love to hear from ya.

I’m the previous owner of the $308k unit. I bought it for $130k in 2002. I only had 3% down but I financed through my credit union. I have heard from a number of different people that it can be tricky to get financing in 60-01 from some banks.
I spent a year and about $50k on the remodel between 2005 and 2006. My Dad and I did most of the work ourselves (except where licensed experts were required) which saved a LOT of money. We took most of the rooms down to the studs and subfloor including the kitchen and bathrooms. We re-insulated, updated a lot of the electrical, replaced the front and deck doors, and finished it with wood molding and window wraps. In the process we filled all of the gaps in the subfloor and around the plumbing and fixed a lot of things that were not up to code. I was really doing the remodel for myself and didn’t have any intention of selling it at the time. After all that effort it was difficult to leave it.

I would caution anyone thinking about remodelling in 60-01. Since I did my remodel the HOA has tightened up the rules making it more difficult to do the same extent of work that I did. I did get permits from the City of Redmond so everything was inspected and legal which I think helped grease the wheels with the HOA. By the way, Redmond has a great permit system: very easy, not expensive, and very friendly inspectors.
Otherwise, I think 60-01 is a great community. Gus’ Landing has a full bar and serves food and everyone is very friendly. You can’t beat the location. It’s smack in between Kirkland and Redmond and just a couple miles from Bellevue.

I feel very lucky to have bought that condo when I did. Best investment I’ve ever made.

It’s clearly a unique complex and lifestyle. One that would be almost impossible to duplicate today.

I’ll re-check the data from top to bottom. Good to hear the 10% down issue was resolved. That will help prices at Sixty-01. Last I checked the issue was about resolved and some lenders were willing to go as low as zero down. While I’m re-checking the data I’ll post the overall downpayment summary, though I don’t post individual info regarding mortgage matters. Just the trend for general educational purposes.

The previous owner bought it in 9/2002 for 130k. (see below for KC records link). It was later refinanced for the amount listed above. He did extensive down to the studs remodeling work. A couple of the other townhomes currently on the market in the same price range have not had as much work done to them.
I would caution use of my townhome sales price as a comparison to other Sixty-01 townhomes because of its uniqueness in how extensive the remodel was.

Also, I bought my home with less than 10% down.

http://146.129.54.93:8193/imgcache/OPR20020919001780-1-8.pdf

I would be very interested to find out about your daughters take on the public transportation system as it seems that most of the blogs I have found people tend to drive in the Seattle area.

Thanks for the feedback!

60-01 is very unique. In Seattle most townhomes are single family and not condos and so have no HOA dues to cover maintenance. Mostly 3 to 8 townhomes built on small parcels here and there. Originally they were between single family homes, and many still are. In some areas the builders have, over time, gotten a whole street here and there in North Seattle and Ballard, Frement, Green Lake. But they are not complexes.

Eastside has many. Rivertrail over by Redmond Town Center is newer, built 1995 – 1997 and the cost just under $500,000 or so these days. Seattle Townhomes are mostly in the $450,000 give or take range with 2 bedrooms up and one bedroom down for the most part.

I’ll check the public transportation. My daughter sometimes takes the bus from Kirkland over to her job down near the Space Needle. I’ll see if she’ll let me interview her about the experience

Can you see if 60-01 is on the FHA approved list?