April 6, 2012
206-816-6300 or escalaseattle.com
SEATTLE -- Escala has passed the 60-percent-sold milestone following several sales so far this year. The downtown high-rise has now sold 174 homes.
"The building is bustling with activity -- it really has a life of its own now," says Erik Mehr, the sales director at Escala. "We're back to the days where a home is a home, not just an investment. Everything must align -- price, location, finishes. It's a big decision, and value is paramount. For the downtown homebuyer, Escala has it all."
Escala recently received Federal National Mortgage Association (commonly known as Fannie Mae) approval, which Mehr says has broadened the number of qualified homebuyers.
"This has opened the door to buyers who previously needed 20 percent down and now could potentially put down as little as 5 percent," he says. "That's a significant change and has greatly increased the number of buyers who can make Escala their home."
Prices at Escala start at $379,000 for Floor Plan A, a 952-square-foot home with one bedroom and 1.5 baths. It includes a 120-square-foot covered deck that is accessible from the living area and bedroom.
"There's flexibility to create distinct living, dining and even casual-eating areas within this plan because of the large square footage," says Mehr. "We've had buyers change their minds and choose the A plan over a larger home because it suits their needs for a great price."
Floor Plan C is priced starting at $549,000. The 1,607-square-foot, two-bedroom, two-bath design is located on each corner of Escala and has views of the city, Puget Sound or the Space Needle. The homes feature covered terraces and sizeable second bedrooms.
"This plan appeals to the needs of most buyers," says Mehr. "They can see themselves here long-term, and that's what makes a vibrant condominium community."
All of the homes at Escala have open floor plans and hardwood flooring throughout the dining, living and kitchen areas. The homes feature Pedini cabinets, slab granite countertops, Bosch stainless steel appliances, Kohler sinks and faucets, ceiling heights of at least 9.5 feet and floor-to-ceiling windows that offer views of Seattle.
Each home includes at least one deck.
Building amenities include a fitness center, two stationary lap pools, five spa-treatment rooms, a screening room, a wine-cave dining room with adjacent bottle storage, a dog run, a car-wash bay and an outdoor terrace.
"This is a beautiful building in a fantastic location with some of the most spacious homes and decks of any downtown condominium," Mehr says. "Buyers understand this is a great opportunity, and they have made Escala their top choice."
Content provided by Escala.