The first of 26 renovated historic homes at Fort Lawton in Discovery Park was just sold. If the price seems steep for an old three-bedroom house, the buyer notes that “you get the 534-acre park for free.”
The first of 26 historic homes in Seattle’s Discovery Park has been sold, fetching $1.05 million.
A 1,994-square-foot unit in a brick duplex on Montana Circle was sold to Ken Bryan, 50, an aerospace-industry executive who loves old houses. The last home he owned was a 1930s bungalow in Houston.
“I’ve never owned a house built after 1935,” said Bryan, a former Seattle resident who now rents an Edwardian town house, built around 1910, in Cambridge, England. “Since this house was built in 1935, I will continue that record.”
The three-bedroom unit sold for $51,000 over its list price. The sale comes about two months after Rise Properties Trust, the British Columbia-based developer renovating the former military housing at Fort Lawton, began putting the homes on the market.
Most Read Business Stories
- The sad truth about sleep-tracking devices and apps | Tech Review
- Almost 40% of U.S. homes are 'free and clear' of a mortgage
- Safe deposit boxes aren’t safe
- T-Mobile's brash CEO sprints to top of best-paid leaders at Pacific Northwest companies
- Boeing faces largest quarterly loss in its history after a $4.9 billion financial hit due to 737 MAX grounding
Rise acquired the 26 homes — 13 in Montana Circle, 13 in Officer’s Row — in February for $9.5 million.
Three more of the 13 Montana Circle units that were listed are pending and should close in the next three weeks, a Rise spokeswoman said. Those are the other unit in the brick duplex that was listed for $949,000, and two units in a classic colonial revival duplex built in 1900 that were each listed for $799,000.
Two more units in a duplex will be listed next week from the mid-$800,000s, officials said: 4420 and 4422 Montana Circle. The three-bedroom, two-and-a-half-bathroom homes have been renovated.
Six more Montana Circle units in three duplexes that are still being renovated will be put up for pre-sale next week, said Rise Vice President Gary Blakeslee.
“By next week, we will have a finished example of all the home types for buyers to preview and the four pending sales demonstrate that the homes are priced right,” Blakeslee said in an email.
The homes are historic landmarks. Owners will be part of an association that will preserve the appearance of the homes and the grounds.
Bryan said he visited Fort Lawton on a weekend in October after hearing about the historic homes being put up for sale. The home, which is set on a nearly half-acre corner lot that also fronts Discovery Park Boulevard, was listed in November and was the model unit.
Bryan said he was drawn to the history of the homes and Fort Lawton, as well as the prospect of living in the middle of Discovery Park.
“You get the 534-acre park for free,” Bryan said.
While he doesn’t have a dog yet, Bryan said he can see himself getting one in the not-too-distant future: “It looks like a dog paradise to me, as well as a people paradise.”