Overview

The Avenue One Condominiums tower opened in 2005, at a time of extensive condominium construction in the Belltown neighborhood of Seattle. Originally, Avenue One contained 116 units. Value of units in the building rose rapidly during the 2010s. In 2011, a two-bedroom unit on the 12th floor sold for $557,500. This same unit had an asking price of $998,000 in 2018. The Seattle Post-Intelligencer stated about this apartment: "...with a sale-to-list ratio in Belltown of 106 percent, 2721 First Avenue #1207 will likely go for more." (See Anna Marie Erwert, Seattle Post-Intelligencer.com, "This Belltown condo has bling, views, and location," published 05/09/2018, accessed 05/10/2018.)

PCAD id: 21989