Portland yielded a total of 127 closed sales last week including a larger-than-normal bunch of 25 condos (mostly in the Pearl), 98 single family homes, and only 4 townhouses. While I’d love to dig into the condo sales (maybe I will later), it is the homes selling in the Southeast that have me intrigued.
A new construction home in the Hawthorne neighborhood was listed in March for $489K and then adjusted UP in price a few times — asking as high as $520K — before finally selling for $515K. The 3-bedroom, 2.5-bath home is certified as LEED Silver and contains green features such as forced-air heat, tankless water heater, and double-paned windows (not to mention the gourmet kitchen and box beam ceilings).
This 4-bedroom, 1-bath home in the Southeast was listed in April 2010 but then pulled off the market after two price adjustments and 6 months of not finding a buyer. However, this 2.200 sf home went pending in only two weeks when listed in July of this year to sell for $293K – just $7K below asking. Hardwoods, built-ins, and period details make this Cape Cod style home attractive, but its proximity to Stumptown also speaks loudly.
Despite the incomplete remodel and its bank-owned status, this nearly 2,200 sf home only took 6 weeks to go pending and then sell for $230K. Here’s hoping that among the opportunities in this 4-bedroom, 2.5-bath Craftsman home is the ability to pull up that teal carpet and put in some beautiful hardwoods.