West Linn Real Estate Market Activity – June 1-7, 2009
Ron Ares June 8th, 2009
Here’s the new real estate activity in West Linn for the week of June 1 through 7, 2009:
Twenty new listings came on the market, nine homes went sale pending, and six properties closed escrow. The big discounts seen in the Sold column are due to distress sales (bank-owned or short sale).
Newly Listed
| ADDRESS |
LIST PRICE
|
# BEDS
|
# BATHS
|
TOTAL SQ FT
|
$ PER SQ FT | TYPE OF HOME |
DATE LISTED
|
| 20910 FAWN CT |
$117,900
|
1
|
1
|
720
|
$164
|
CONDO |
6/1/09
|
| 1735 Dollar |
$239,900
|
3
|
2.1
|
1,305
|
$184
|
CONDO |
6/1/09
|
| 18365 WILLAMETTE DR |
$249,000
|
3
|
2
|
1,152
|
$216
|
DETACHD |
6/3/09
|
| 20321 S NOBLE LN |
$275,000
|
3
|
3.1
|
2,360
|
$117
|
ATTACHD |
6/7/09
|
| 1725 REGENCY ST |
$299,000
|
3
|
2
|
1,671
|
$179
|
DETACHD |
6/3/09
|
| 2323 HAMMERLE ST |
$319,900
|
3
|
2.1
|
1,860
|
$172
|
DETACHD |
6/2/09
|
| 1440 KILLARNEY DR |
$349,900
|
4
|
2.1
|
3,044
|
$115
|
DETACHD |
6/4/09
|
| 19803 BENNINGTON CT |
$369,900
|
4
|
2.1
|
1,967
|
$188
|
DETACHD |
6/2/09
|
| 2110 16TH ST |
$370,000
|
3
|
2.1
|
2,259
|
$164
|
DETACHD |
6/3/09
|
| 1955 ARENA CT |
$464,500
|
4
|
2.1
|
2,790
|
$166
|
DETACHD |
6/5/09
|
| 5237 SUMMIT ST |
$469,900
|
4
|
2.1
|
2,908
|
$162
|
DETACHD |
6/1/09
|
| 3852 FAIRHAVEN DR |
$499,900
|
5
|
2.1
|
3,415
|
$146
|
DETACHD |
6/1/09
|
| 4963 SUMMIT ST |
$569,000
|
6
|
4
|
2,946
|
$193
|
DETACHD |
6/5/09
|
| 1358 SKYE PKWY |
$569,000
|
4
|
2.1
|
2,912
|
$195
|
DETACHD |
6/5/09
|
| 4023 IMPERIAL DR |
$585,000
|
3
|
2.1
|
2,620
|
$223
|
DETACHD |
6/1/09
|
| 1190 SWIFT SHORE CIR |
$599,900
|
4
|
3.1
|
5,594
|
$107
|
DETACHD |
6/1/09
|
| 17855 ROBIN VIEW CT |
$799,000
|
4
|
2.1
|
3,352
|
$238
|
DETACHD |
6/1/09
|
| 2090 TANNER CREEK LN |
$824,900
|
5
|
3.1
|
3,570
|
$231
|
DETACHD |
6/1/09
|
| 2610 LEXINGTON TER |
$839,000
|
5
|
4.1
|
6,444
|
$130
|
DETACHD |
6/5/09
|
| 21467 WATERFORD PL |
$950,000
|
4
|
2.1
|
4,000
|
$238
|
DETACHD |
6/4/09
|
| AVERAGES |
$488,030
|
2,844
|
$176
|
Pending Sales
| ADDRESS |
LIST PRICE
|
TOTAL BEDS
|
TOTAL BATHS
|
TOTAL SQ FT |
$ PER SQ FT
|
TYPE OF HOME |
DOM
|
| 2303 TOMPKINS ST |
$217,800
|
3
|
2
|
1,942
|
$112
|
DETACHD |
344
|
| 4690 SUMMERLINN WAY |
$234,900
|
2
|
2
|
1,307
|
$180
|
CONDO |
365
|
| 6288 BELMONT WAY |
$269,900
|
3
|
2
|
1,815
|
$149
|
CONDO |
135
|
| 19522 OLD RIVER DR |
$439,900
|
3
|
2
|
2,313
|
$190
|
DETACHD |
177
|
| 2985 Winkel WAY |
$479,900
|
5
|
3
|
3,142
|
$153
|
DETACHD |
308
|
| 2918 Winkel WAY |
$487,889
|
4
|
3
|
2,935
|
$166
|
DETACHD |
638
|
| 26415 SW PETES MOUNTAIN RD |
$599,000
|
2
|
2
|
1,834
|
$327
|
DETACHD |
381
|
| 30811 SW RIVER LANE RD |
$699,000
|
4
|
3
|
3,020
|
$231
|
DETACHD |
309
|
| 2501 LORINDA LN |
$900,900
|
5
|
6.2
|
10,636
|
$85
|
DETACHD |
383
|
| AVERAGES |
$481,021
|
3,216
|
$177
|
338
|
Closed Sales
| ADDRESS | ORIGINAL PRICE | SOLD PRICE | $ +/-% |
# BEDS
|
# BATHS
|
TOTAL SQ FT
|
$ PER SQ FT | TYPE OF HOME |
DOM
|
| 6481 HORTON RD |
$585,000
|
$300,000
|
-49%
|
4
|
2.1
|
2,710
|
$111
|
DETACHD |
318
|
| 2040 MAPLE TER |
$349,000
|
$335,000
|
-4%
|
4
|
3
|
2,022
|
$166
|
DETACHD |
92
|
| 5670 SUMMIT ST |
$449,500
|
$339,500
|
-24%
|
4
|
2.1
|
3,063
|
$111
|
DETACHD |
469
|
| 2574 BRONCO CT |
$389,000
|
$370,000
|
-5%
|
3
|
2
|
1,780
|
$208
|
DETACHD |
40
|
| 3821 FAIRHAVEN DR |
$555,000
|
$415,000
|
-25%
|
5
|
2.1
|
2,832
|
$147
|
DETACHD |
214
|
| 2921 Winkel WAY |
$514,900
|
$501,246
|
-3%
|
4
|
2.1
|
3,248
|
$154
|
DETACHD |
315
|
| AVERAGES |
$473,733
|
$376,791
|
-18%
|
2,609
|
$149
|
241
|
Criteria: Homes in the 97068 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS ). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer.
Related posts:
The house on Lorinda Lane in the prestigious Le Chevalier gated enclave of Barrington Heights is the one that I believe captures everyone’s attention and imagination. I wish I had the means to purchase such a home (although the yearly city tax bill and the continuous maintenance costs would probably kill me). Interesting enough, if you plug the house in Zillow, you’ll notice that it’s been sold 4 times in the last 4 years, and that the last sale about 9 months ago was for $2.7M. So why is it now selling for $950K ? Is it a foreclosure ? Is the owner really cutting their losses ? Is the property cursed ? (I mean, 4 sales in the past 4 years…. could it be haunted….?). Still, at $950K, it is a killer deal. I wonder if the City of West Linn will adjust the property taxes to the new home sale value (according to Zillow, it’s almost $42K/year !!!
The last sale on Lorinda was recorded as a reversion back to the lender. It is now a bank-owned property.
actually went and saw that house 2 weeks ago (currently looking to rent in wl or lo, to avoid catching the proverbial falling knife), mainly out of curiosity.
what a mess! holes in ceilings, dry rot on all window and door frames. front and back door locks broke or bored out. major, major fixer-upper…
Hi Ken, great to see you on these forums. Thanks for the feedback on the home. From the pix on Zillow, the home looked a lot more pristine than you describe it, but that would definitely explain the fire sale price. Whoever bought it I think got a good deal. With a little TLC and some improvements, they could probably make a good return on their investment in a few years when the market stabilizes. The lot size and location of the home are quite desireable, and in that price range, buyers are not so much looking at the bottom dollar, but rather the amenities and prestige owning a home of that caliber brings (as well as the ongoing maintenance costs and property taxes – yikes !). Oh well, perhaps in a few years when I’m filthy rich perhaps I can look in that area, but until that happens, I’ll just keep harping on my $/sqft until West Linn home prices fall to where they really need to be…. My prediction is $120-$130/sqft.