Guess The Price of this Portland OR Condo

"maristgrad" (maristgrad)
03/15/2015 at 18:10 • Filed to: Real Estate, Portland

With home prices creeping upward in various US metro areas and the housing market tightening up in places like Manhattan, San Francisco and Portland it's a rare occurrence to find an affordable home let alone one with a view. So what do you think it would cost to live on the 18th floor of a 2 bedroom 2 bathroom 1350 SQ FT condo in downtown Portland OR? Not as much as you would think.

Maybe this wide screen view will reign in your guesses. This condo is listed for $380K. My friend just bought a condo with half the SQ FT on the 4th floor of a new development for $290K.

Do the math.

I wasn't looking in that area to find a home but holy fucking shit, I'd feel like an idiot not to buy this gorgeous 18th floor downtown 2 bedroom 2 bathroom condo and pay any loans off by renting it out, especially with so many new companies moving to Portland. I'd take out that carpet, put in wood floors and update the bathroom, if the building would allow it. I could probably resell it for 200k over the listing price in 18 months with the recent comps.

What do you guys think though? Is it worth it to drop 380K to live so close to other people? Or would you rather spend 380K on a large house with a yard/property in the suburbs/county?

DISCUSSION (15)

Jordan and the Slowrunner, Boomer Intensifies > maristgrad
03/15/2015 at 18:15

Land, cabin, shop, peace, quiet, no neighbors, and freedom of firearms.

Aya, Almost Has A Cosmo With Toyota Engine Owned by a BMW. > maristgrad
03/15/2015 at 18:18

Well, i live in those kind of place, so as long as i don't have kids yet ifor me it's okay.

But when i have a kid, i want a house with some yard in it so i could play some things with my kids.

desertdog5051 > maristgrad
03/15/2015 at 18:29

That seems like a deal, if that is what you are looking for. I have only been to Sportland 3 or 4 times. Seems like a real nice city. I'm not a guy who would appreciate that, though. I live in the city, with just under an acre lot. I still feel caged. But, I also see the advantage of living here as opposed to moving out 30 or more miles.

maristgrad > Aya, Almost Has A Cosmo With Toyota Engine Owned by a BMW.
03/15/2015 at 18:32

Yes I don't have any kids yet either but I am 30 and I do have a serious girlfriend. She pretty much already vetoed me on getting this place

Aya, Almost Has A Cosmo With Toyota Engine Owned by a BMW. > maristgrad
03/15/2015 at 18:33

I do have a serious girlfriend that i'll marry in less 6 month..

Well, how about you tell her that you want this place just for renting it to someone else?

maristgrad > Aya, Almost Has A Cosmo With Toyota Engine Owned by a BMW.
03/15/2015 at 18:35

We already own a 10 unit apartment complex in vancouver. She wants me to focus on commercial.

Leadbull > Jordan and the Slowrunner, Boomer Intensifies
03/15/2015 at 18:41

Call me crazy, but I don't think I'd like not having neighbors.

My fondest childhood memories involve hanging out with other friends in my neighborhood and playing sports, video games, racing bikes, water gun fighting, sledding, building dams in the creek, etc.

I wouldn't want to deprive my future kids of that.

PetarVN, GLI Guy, now with stupid power > maristgrad
03/15/2015 at 18:45

get the place, it's awesome!

Jordan and the Slowrunner, Boomer Intensifies > Leadbull
03/15/2015 at 18:51

I had friends within a mile, but my neighbors next door when I was growing up set 7 acres of our land on fire. So I was close enough to friends, but it would have been great if I didn't have neighbors.

RiceOwl > Jordan and the Slowrunner, Boomer Intensifies
03/16/2015 at 00:09

Are you Ron Swanson?

Jordan and the Slowrunner, Boomer Intensifies > RiceOwl
03/16/2015 at 00:14

Proud Alabamian, so basically.

amoebatech > maristgrad
03/22/2015 at 23:49

Hey Liquid. I don't mean to hijack a thread not about cars, but I wanted to ask you a question about your Copart exploits. I saw you sold one of your cars within 3 hours of buying it. Can you explain how you get around the title issues? If the title is being processed in your name how do you sell to a new buyer? Also, do you have any tips on choosing a car to go after when searching through Copart's database?

Thanks.

maristgrad > amoebatech
03/23/2015 at 03:08

When you buy a copart vehicle you're immediately given a title at the time of picking up the car (the lot will specify what title, if any). As far as searching through coparts myriad of filter options I would suggest the following.

Look under miscellaneous and click the following filter items.

Pure Sale

Runs and Drives

This will give you a quick list of running cars being sold without reserve. These are the cars where there's a profit to be made. Good luck, let me know of you have any other questions.

amoebatech > maristgrad
03/24/2015 at 22:05

Thanks for the info. Now I just have to figure out how to get around needing a license in Texas.

maristgrad > amoebatech
03/24/2015 at 22:21

I think there may be a check box for non licensed required vehicles. Also, you can have the car shipped to you from another state if its something you're really interested in.