Comments on: South Waterfront Condo Update, Atwater to Auction http://repdx.com/2009/08/20/south-waterfront-condo-update-atwater-to-auction/ Portland Oregon Real Estate Search Fri, 13 Jan 2012 20:31:43 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Ron Ares http://repdx.com/2009/08/20/south-waterfront-condo-update-atwater-to-auction/comment-page-1/#comment-2674 Ron Ares Mon, 21 Sep 2009 04:28:39 +0000 http://repdx.com/?p=832#comment-2674 Jenny, I did not attend the auction. I had a conference all weekend and my client decided not to bid at the auction. According to Ryan Frank at the Oregonian, all but one unit sold at auction. They averaged about $300 per sq. ft., well below the list price average of $460 per sq. ft. You can view the commentary at http://blog.oregonlive.com/frontporch/2009/09/atwater_place_sunday_auction_r.html and also in the Monday Oregonian. Jenny,

I did not attend the auction. I had a conference all weekend and my client decided not to bid at the auction.

According to Ryan Frank at the Oregonian, all but one unit sold at auction. They averaged about $300 per sq. ft., well below the list price average of $460 per sq. ft.

You can view the commentary at http://blog.oregonlive.com/frontporch/2009/09/atwater_place_sunday_auction_r.html and also in the Monday Oregonian.

]]> By: Jenny http://repdx.com/2009/08/20/south-waterfront-condo-update-atwater-to-auction/comment-page-1/#comment-2673 Jenny Mon, 21 Sep 2009 02:59:54 +0000 http://repdx.com/?p=832#comment-2673 What was the result of the Auction? Our leader at mentioned that if it was successful other building that are hurting will be doing this. Hopefully the building we are looking at.... What was the result of the Auction? Our leader at mentioned that if it was successful other building that are hurting will be doing this. Hopefully the building we are looking at….

]]> By: Ron Ares http://repdx.com/2009/08/20/south-waterfront-condo-update-atwater-to-auction/comment-page-1/#comment-2651 Ron Ares Wed, 09 Sep 2009 14:33:34 +0000 http://repdx.com/?p=832#comment-2651 Hi Earl, I'm going to do an update on the auction, but in response to your questions: 1) The auction format is an open auction. 2) The HOA fees range start at $285/month on the 1 bed/1 bath units and are equivalent to $3.30 per square foot on average. The fees cover water, gas, trash, and all common area maintenance. 3) The property probably not qualify for FHA financing (not enough occupants yet). Your only likely lenders will be the in-house choices, MetLife and Bank of America. 4) Yes, you can tour the property during their sales office hours (11am - 7pm). If you want an agent to represent you at anytime in the process, you will need to register them at the first visit. Hi Earl,

I’m going to do an update on the auction, but in response to your questions:

1) The auction format is an open auction.
2) The HOA fees range start at $285/month on the 1 bed/1 bath units and are equivalent to $3.30 per square foot on average. The fees cover water, gas, trash, and all common area maintenance.
3) The property probably not qualify for FHA financing (not enough occupants yet). Your only likely lenders will be the in-house choices, MetLife and Bank of America.
4) Yes, you can tour the property during their sales office hours (11am – 7pm). If you want an agent to represent you at anytime in the process, you will need to register them at the first visit.

]]> By: Earl fraley http://repdx.com/2009/08/20/south-waterfront-condo-update-atwater-to-auction/comment-page-1/#comment-2649 Earl fraley Tue, 08 Sep 2009 18:30:07 +0000 http://repdx.com/?p=832#comment-2649 I've got a few questions about the auction. Is it sealed bid or open bidding? What are the HOA fees? Is this property FHA approved? Can I go to Atwater Place and view the condos to pick which one I want to bid on? I’ve got a few questions about the auction.
Is it sealed bid or open bidding?
What are the HOA fees?
Is this property FHA approved?
Can I go to Atwater Place and view the condos to pick which one I want to bid on?

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