Foreclosures in Sodo on SeattleHome.com are homes that are owned by a bank or lender. These are sometimes referred to as REO (Real Estate Owned), ORE, or bank-owned homes. Other foreclosures are sold at county auctions, which are riskier and require all-cash buyers.
In contrast, these bank-owned foreclosures are fairly straightforward and allow for bank financing. Even inexperienced buyers have access to bank-owned foreclosures. Our buyers have the option of an inspection period before closing the contract on a foreclosure. This allows the buyer a short-term "grace period" in case the property doesn't live up to their expectations.
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Sodo is the industrial district of Seattle south of Downtown. Its nickname originally came from "South of the Dome", but when the Kingdome was torn down in 2000, the adjustment to "South of Downtown" was an easy one. The Seattle Seahawks, Seattle Mariners, and Sounders FC Soccer teams all play their home games in the stadium district of Sodo. There are industrial/residential condo spaces scattered throughout Sodo that are popular with artists and urbanites.
SoDo, alternatively SODO, is a neighborhood in Seattle, Washington, that makes up part of the city's Industrial District. It is bounded on the north by South King Street, beyond which is Pioneer Square; on the south by South Spokane Street, beyond which is more of the Industrial District; on the west by the Duwamish Waterway, across which is West Seattle; and on the east by Metro Transit's Downtown Seattle Transit Tunnel and SoDo Busway, beyond which is the International District and the rest of the Industrial District.
SoDo was originally named for being located south of the (King)dome, but since the stadium's demolition in 2000, the name has been taken to mean south of downtown. The moniker was adopted in the 1990s after the renaming of the Sears building to the SODO Center (later Starbucks Center, the world headquarters of Starbucks at First Avenue S. and S. Lander Street). It includes Seattle's downtown stadium district of T-Mobile Park (where Major League Baseball's Seattle Mariners play their home baseball games) and CenturyLink Field (built on the former Kingdome site; where the NFL's Seattle Seahawks play their home football games and Major League Soccer's Seattle Sounders FC play their home soccer matches). The Mariners' popular marketing campaign in the early 2000s used the SoDo moniker in the catchphrase "SoDo Mojo".
SoDo deliberately echoes SoHo in New York City, where, during the 1970s, cheap spaces vacated by departing factories were converted by artists into lofts and studios. SoDo has undergone a similar process but has not experienced much of the gentrification experienced by its putative model. Some of SoDo's warehouse buildings remain in their original use; others have been carved up for artists' lofts, art galleries, and an assortment of other businesses. One building directly across from T-Mobile Park houses Pyramid Breweries, Inc. downstairs and a variety of small offices upstairs. As one travels farther south along First Avenue S., these conversions peter out, and light manufacturing, warehouses, and warehouse-style retail stores predominate.
SoDo main thoroughfares are First and Fourth Avenues S. and Alaskan Way S. (north- and south-bound) and S. Lander and Holgate Streets, Edgar Martínez Drive S., and S. Royal Brougham Way (east- and west-bound). The western terminus of Interstate 90 is in SoDo, which travels 3,101 miles (4,991 km) east towards Boston, Massachusetts.
The neighborhood is also served by public transit service. Sound Transit operates Central Link light rail service through the neighborhood, stopping at two stations: SODO at Lander Street, and Stadium at Royal Brougham Way. The SODO Busway runs along 5th Avenue South and carries bus routes from King County Metro and Sound Transit Express.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Sodo. You can see the latest trends in pricing, affordability, supply and demand. We invest in this research so our clients always have the latest insights to make the best decisions with confidence. Below are the latest home pricing trends for Sodo based on zip code 98134.
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