Tuesday, February 3, 2009

Hakoya Lofts - Now $274.5k to $325k (16 NE Shaver St)


Back in September the Hakoya Lofts were going for $300k to $325k, or about $290 / sq ft.

The prices on 5 of them (did one sell?) have now been dropped to $274.5 - $300k, or about 8.5%. The price / sq ft drops to $269. (RMLS # 9008947)

The lofts look nice in the photos, althought I think the big garage door faces north. A huge south facing window would be really nice during Portland's dreary winters.

They also face competition from these lofts down the street on MLK.


I believe there are also a number of big loft projects over on Mississippi.

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14 comments:

insomnibus said...

I really wish HOA fees were listed in MLS listings...

Anonymous said...

It would be way too easy then to compare the monthly condo costs versus comparable rentals. The fact that they leave that very relevant information out (even an estimated range, come on real-estate brokers!) gives you an indication of their bottom-feeding moral compass.

insomnibus said...

Well, I wouldn't go that far but it is damn annoying. That said, I think this is either an industry standard or standard industry trick because I have never, ever seen that information given.

I suppose its like the 2200sf home that has an 1100 sf basement with dirt floors.

Is there a simple method of looking that up? To be honest, those lofts are pretty nice (in my opinion).

Anonymous said...

I think they should include utility bills, maintenance and reserves for single family homes so you can compare them with condos that have HOA's to take care of these things. They should also show the amount of money in reserves that you get for no cost when buying a condo and that you do not get when buying a house.

Anonymous said...

HOA fees are a monthly obligation. Fixing my single-family home's leaky roof this month is not. Not including monthly obligatory HOA fees in a realtor's "advertisement" is unequivocally misleading. If they want to break the HOA fee down between maintenace and reserve, fine, but HOA fees are typically a significant monthly cost. Some HOA fees can be as much as nearby property rents and can't be compared to say ... a water bill.

Anonymous said...

I'm pretty sure HOA fees are visible on the MLS to the agents. I get various listings sent to me daily, and the HOA fees are in there.

insomnibus said...

Want to be a hero and post the HOAs on the Hakoya lofts?

Its too bad there isn't a "comment" section built into the MLS for users to contribute data, which would follow the listing. That would make things interesting.

Anonymous said...

HOA fees often include water, sewer, garbage and other utilities. I don't know about you but I think this is pretty obligatory.

I agree they should be listed but so should the same expenses on SFR houses.

That being said, the RMLS full listing do show HOA dues but the Hakoya Lofts is listed as "$0" and they include: Common maintenance, exterior maintenance, garbage, insurance, management, sewer and water. Why aren't they disclosing the estimate?

loan modification said...

This is great news. Nice post.

Anonymous said...

I recently toured these loft and was captivated by the abundant use of natural lighting throughout. One of the most amazing features is the large roll-up door in the living room which seem to open loft out into the vibrant neighborhood. They additionally have a large skylight in the central stairs which pours light in through the space. All in all a pretty cool addition to this booming area. checkout photos at this site I was directed to by my realtor

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dana griggs said...

Hi as the Realtor marketing this project I can tell you the HOAs are posted they weren't assessed early February. They are $201 for the $274,500 units also tax abatement is available for those who quality which means super low taxes for the next 10 years. Call me or speak to your Realtor about details on Tax abatement.

PDX Outsider said...

"I recently toured these loft and was captivated by the abundant use of natural lighting throughout."

I'm calling BS. I don't know ANYBODY who uses phrases like "captivated by abundant use of natural lighting" unless they are in marketing, and even those of us in the field don't normally talk like that.

Care to fess up?

insomnibus said...

"natural lighting throughout"

Lol. I think you're right. Who says 'throughout' like that?

I never really liked how listings always say things like "hardwood throughout" instead of "hardwood floors throughout the house". Its all semantics but still, just my 0.02.

lisa said...

Great to have a place in there. Like the colors.

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