It's not even finished.......
The whole lot is on a 25% slope and is an uninsurable fire risk.
More real estate doom and gloom
- Thread starter Toshi
- Start date
The whole lot is on a 25% slope and is an uninsurable fire risk.
tell me you ran out of money without telling me you ran out of money
It's not even finished.......
Considering how much real estate I buy, sell, and develop I can safely say that this listing more than likely has issues with codes, the zoning, or both.
If the price is good enough I can make anything work. but it is not worth my time if you cant make a buck
exactly, was stopped due to some reason that is controlled by permits or codes I would assume, could even be leased ground140 sq ft. How much money could it possibly have taken?
Like the flat roof on the porch that will collect snow and force water through the interior wall?
As a builder I see a ton of issues with it over all but the ones that scream out are its at the rough framing stage thus is the first permit hoop and obviously it has stopped there, Doubt it was due to finances as there isn't more than 7k invested into the structure, yes the pitch on the porch is an issue as it should have been built from the peak so I think it was an afterthought. More important is the hint they say they are on the waiting list for a well which tells me they have to go deep and the septic has plans but wasn't implemented. In short I bet the well quotes were over 25k and the septic isnt standard and would be another 15-25k depending on what the county requires.
I see listings like this every day that are dropped mid-swing because they didn't do their research before buying and starting to build and then find out why the lots seemed too good to be true on price.
For example
2495 Chester St, North Bend, OR 97459 | Zillow
2495 Chester St, North Bend OR, is a Single Family home that contains 3025 sq ft and was built in 2022.It contains 4 bedrooms and 3 bathrooms.This home last sold for $200,000 in May 2024. The Zestimate for this Single Family is $199,000, which has increased by $39 in the last 30 days.The Rent...
www.zillow.com
I looked pretty hard at this place as a flipper but after finally seeing the plans and penciling out the door/window package, siding, decking, and other costs to finish the shell I wouldn't be able to sell an 800k listing in this zipcode not to mention there was property line disputes that are still ongoing with the new buyer as of late.
almost a 1/2 acre, buildable lot, across from a lake? WITH a cabin? that would sell in a heartbeat here.
Also looked at the same listing on Zillow, there are no headers on half the windows, the loft portion isn't framed properly since it should have at least a ledger and beams and there are no hurricane clips on the rafters so I would say there are a lot of items to be fixed as far as code goes.
Yeah, but that fire pit. Perfect for both days each year when there isn't a burn ban in effect.
We're number one... but not sure if that's good or bad.
Too I question the veracity of any metric which calls West Yellowstone a "metropolitan area" but I guess it's better than the "shithole states" these emigres are moving from.
[ETA: I guess this is GDP growth not population growth so more a reflection of real estate pricing than population]
Too I question the veracity of any metric which calls West Yellowstone a "metropolitan area" but I guess it's better than the "shithole states" these emigres are moving from.
[ETA: I guess this is GDP growth not population growth so more a reflection of real estate pricing than population]
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I was just going to say this about Bozeman.
Eh, apparently Metro for Montucky = 50,000+ inhabitants as BZN had to lower the interstate speed limits "in town" this year...
State law mandates that speed limits on interstate highways in an urban area of more than 50,000 in population should be set to 65 miles per hour at all times. Bozeman tipped over the 50,000 mark in the 2020 census, meaning it is now considered a metropolitan urban area, rather than a micropolitan area. The speed limit on I-90 is also at 65 miles per hour through Billings and Missoula, which have been metropolitan areas for awhile.
State law mandates that speed limits on interstate highways in an urban area of more than 50,000 in population should be set to 65 miles per hour at all times. Bozeman tipped over the 50,000 mark in the 2020 census, meaning it is now considered a metropolitan urban area, rather than a micropolitan area. The speed limit on I-90 is also at 65 miles per hour through Billings and Missoula, which have been metropolitan areas for awhile.
That buildable lot is on the steep part of that slope. You could carve out a flat spot while bulldozing the shed.
Ugh.
Our house is “worth” about$3M now, which SUCKS if you aren’t planning on moving.
(We bought it in about the same condition as the one below for ~$350k in 2013).
cowboystatedaily.com
This the last true shitbox on our block, likely going on the market for about $2M.
Which will then be developed into a $5-7m modern box.
And likely purchased by someone from Austin or San Jose or something.
Our house is “worth” about$3M now, which SUCKS if you aren’t planning on moving.
(We bought it in about the same condition as the one below for ~$350k in 2013).
Homes Less Than $1 Million In Jackson, Wyoming, Don’t ‘Really Exist…
Anyone hoping to find a home for less than $1 million in Jackson, Wyoming, are out of luck. While sales and inventory are down, anything under $1 million…
cowboystatedaily.com
This the last true shitbox on our block, likely going on the market for about $2M.
Which will then be developed into a $5-7m modern box.
And likely purchased by someone from Austin or San Jose or something.
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This was ours then:
(this is actually STILL the picture on Zillow, and we love it that way)
(this is actually STILL the picture on Zillow, and we love it that way)
can't buy it if its burned downUgh.
Our house is “worth” about$3M now, which SUCKS if you aren’t planning on moving.
(We bought it in about the same condition as the one below for ~$350k in 2013).
Homes Less Than $1 Million In Jackson, Wyoming, Don’t ‘Really Exist…
Anyone hoping to find a home for less than $1 million in Jackson, Wyoming, are out of luck. While sales and inventory are down, anything under $1 million…
This the last true shitbox on our block, likely going on the market for about $2M.
Which will then be developed into a $5-7m modern box.
And likely purchased by someone from Austin or San Jose or something.
View attachment 215958
I guess anything could happen, but there aren’t any sizable fires near us…….yet.can't buy it if its burned down
Holy shit, 87% discount. I didn't realize Montgomery Park was the 3rd largest office building in Portland. I worked for Web MD there around ''13 or so.
www.oregonlive.com
Montgomery Park office complex in NW Portland sells for fraction of previous sale price
Portland’s third-largest office building had failed to attract a buyer at a February foreclosure auction.
www.oregonlive.com
You know shits bad when US Bank moved out of the US Bank Tower.
www.oregonlive.com
U.S. Bank to leave Portland’s Big Pink skyscraper
The bank communicated the decision to employees Wednesday.
www.oregonlive.com
Good, I hate having to use US Bank's interface, its by far the most horrible thing. Unfortunately they have the gov contract...probably because it's the most horrible interface.You know shits bad when US Bank moved out of the US Bank Tower.
U.S. Bank to leave Portland’s Big Pink skyscraper
The bank communicated the decision to employees Wednesday.
dude. i work for a fucking art museum in the downtown of the country's second biggest banking center. i have never paid to park and anyone who does is doing it 100000% wrong.
Parking is a nightmare at the hospital. There is a parking garage with a couple floors of employee parking but it's 3 bucks a day. The hospital has also made it ABUNDANTLY clear that any employee caught in patient parking will be fired. There is off-site parking and a shuttle, but it's basically halfway between the house and the hospital. I'm super fortunate to be close enough to ride almost every day, and even more fortunate that the cities very poorly thought out bus system works for me from the new house, but I can't help but think that the parking situation has to hurt employee retention/morale.
If you know where to park for free in downtown Portland, I would like to subscribe to your newsletter.
There was something like 40 spots for 5k employees at US Bank. I know at PGE the wait list for parking was 8 years, no joke. You had 2 weeks to decide if you wanted the space once your name came up.
That is similar to Montgomery Park. There is a 2 level parking structure for employees, but it's assigned parking. Motorcycles were free and that was me most of the time. The neighborhood around it has become paid street parking. Even if you were hella early, you could end up a mile from the office after driving around for 30 minutes trying to find a spot.
If you parked in the main parking lot as an enployee, you got towed.
$5,203 monthly HOA fee?
uhhhhh….
uhhhhh….
According to the county assessor's office, the four lots I bought in town last month are now worth 50k more
I didn't even pay that for the two lots I owned on a golf course in central Oregon.
Sounds like communism.
Maybe it’s for “discrete elimination and disposal“ of folks found sleeping in the parking garage every morning?