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Controversial townhome plan scrapped

March 25th, 2010 · 31 Comments

2200 32nd Avenue W, Seattle WA

The developer who owns the home and land at 2200 32nd Ave West has put it up for sale, effectively killing the plan to put townhomes on the site. 

Neighbors with homes bordering the property next to Bartells were concerned about the impact of having ten three story townhomes so close to their backyards.  In 2008 they gathered petition signatures to keep the city from rezoning the property to multi-family use.  A hearing officer agreed with their appeal to keep the area zoned for single family homes.  

The listing agent says developer Meridian Greenfield decided to sell the property instead of pursuing the townhome plan.  The 21,406 square foot lot includes mature trees, a carriage house, garage with loft, 2 large stone fireplaces, hardwoods, and cherry cabinets plus a $50,000 allowance to finish the remodel to the buyers specifications.  The property can be sub-divided into four or five lots by a new owner.

It is interesting to note that the property sold for $921,500 in 2003, was sold again in 2006 sold for $1,600,000 and is on the market now for $1,499,950. 

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  • DavidB

    “It is interesting to note that the property sold for $921,500 in 2003, was sold again in 2006 sold for $1,600,000 and is on the market now for $1,499,950.”

    This is a good example of rapid appreciation that caused the great housing bubble. Property values are now deflating and we'll be back at 2003 price levels or lower before long.

    It's really surprising to see the number of overpriced homes listed for sale on Magnolia at 2007 level prices that have been up for sale for over a year. These seller are delusional thinking/wishing that a buyer will pay their grossly inflated price.

  • justsaying

    The NIMBY neighbors may be worse off. At least the proposed development was respectful of the mature trees on the property. The arrangement of structures was interesting and not claustrophobic. If someone purchases this lot for development, they can remove the trees, build up to five three story mega-houses with greater building lot coverage than the original proposal. All this done without community involvement.

    I think the neighborhood lost a real opportunity to add density to the village with an interesting development. Of course, the embarrassment across the street probably did not help impressions.

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