Capitol Hill Homes – Olympic Ridge

This is a great opportunity to be part of an exciting future. The Olympic Ride’s desired location will allow its residents easy access to a dense and lively neighborhood. Within walking distance, there are multiple shops, restaurants and grocery stores including Walgreens, Safeway and QFC. You’ll be surrounded by various parks including Cal Anderson Park, Broadway Hill Park, and Volunteer Park. There are numerous public, charter and private schools nearby. Just like our other Capitol Hill development, these homes will have great access to public transportation including the light rail and bus.

Enjoy the comfort of doing laundry in your own home because these condos will have a new washer and dryer in-unit. Featuring new flooring, new appliances, paint and more; you’ll have a great combination of style and convenience.

These homes are expected to be completed in 2025

Unit Information

17 units total:

  • (1) Basement Studio
    • 427 sq ft.
  • (1) Basement 1 Bedroom
    • 570 sq ft.
  • (11) 1 Bedroom
    • 446 – 517 sq ft.
  • (2) 1 Bedroom Loft
    • 634 – 656 sq ft.
  • (2) 2 Bedroom Loft
    • 714 – 763 sq ft.

Parking:

  • Street parking

Household size limits:

  • For studio and 1-bedroom units: maximum household size of 2 people
  • For 2-bedroom units: maximum household size of 4 people

The building will have no elevator. There will be one ADA unit on the ground floor (unit 103).

Floor layouts:

Financial Information

Habitat requires our homebuyers to finance the purchase of their home with a mortgage. These homes are priced from high $100k to low $300k.

All inclusive monthly payments will be as follows:

  • Studio (Basement): $1,400 – $2,200
  • 1-Bedroom (Basement): $1,700 – $2,200
  • 1-Bedroom: $1,750 – $2,500
  • 1-Bedroom (Loft): $2,100 – $2,500
  • 2-Bedroom (Loft): $2,300 – $2,900

These payment ranges include mortgage, property taxes, insurance and HOA dues. Please see HOA section below for more details.

Your exact monthly payment will be based on your income and household size.  Homebuyers must show that they can afford this payment without being cost-burdened.

Household SizeMaximum Income Limit (80% AMI)
1$77,700
2$88,800
3$99,900
4$110,950
King County Income Guidelines

Homeowners Association

These homes will be part of a Homeowners Association (HOA). A Homeowners Association is a non-profit corporation that is democratically run by owners within the community. Owners pool resources (through monthly dues) and agree on what to use the money for, whether it be upkeep of common spaces, exterior maintenance of homes, or other priorities.

HOA dues for these homes will be between $230 – $310 per month.

To learn more, please visit our HOA information page.

Availability

Applications will open October 1, 2024. To get updated when applications open, sign up for our Mailing List Below.