Comments on: West Linn Real Estate Market Activity – June 1-7, 2009 http://www.move2westlinn.com/2009/06/08/west-linn-real-estate-market-activity-june-1-7-2009/ News, Statistics, and Commentary about West Linn Oregon Real Estate Wed, 23 Jun 2010 15:10:28 +0000 hourly 1 http://wordpress.org/?v=3.0 By: dj http://www.move2westlinn.com/2009/06/08/west-linn-real-estate-market-activity-june-1-7-2009/comment-page-1/#comment-695 dj Sun, 14 Jun 2009 17:29:44 +0000 http://www.move2westlinn.com/?p=698#comment-695 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. 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.

]]> By: Ken http://www.move2westlinn.com/2009/06/08/west-linn-real-estate-market-activity-june-1-7-2009/comment-page-1/#comment-693 Ken Tue, 09 Jun 2009 17:52:21 +0000 http://www.move2westlinn.com/?p=698#comment-693 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... 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…

]]> By: Ron Ares http://www.move2westlinn.com/2009/06/08/west-linn-real-estate-market-activity-june-1-7-2009/comment-page-1/#comment-692 Ron Ares Tue, 09 Jun 2009 14:07:00 +0000 http://www.move2westlinn.com/?p=698#comment-692 The last sale on Lorinda was recorded as a reversion back to the lender. It is now a bank-owned property. The last sale on Lorinda was recorded as a reversion back to the lender. It is now a bank-owned property.

]]> By: dj http://www.move2westlinn.com/2009/06/08/west-linn-real-estate-market-activity-june-1-7-2009/comment-page-1/#comment-691 dj Tue, 09 Jun 2009 04:57:07 +0000 http://www.move2westlinn.com/?p=698#comment-691 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 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 !!!

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