Update - 5421 NE 25th down from $319k to $289k

This little bungalow was just re-listed with new photos (see the post here). The price is now down to $289k.

Dante asked if anyone wanted to make a prediction as to where it would sell, I'll jump in and say $249k, in April.

Anybody else?

Update - 5421 NE 25th Back on Market, now $319k

Back in July this little gem was on the market for $129k. It sold for $165k to a couple from West Linn, who have re-muddled it and put it back on the market for $319k$304k. (RMLS# 8099354)

It was in pretty rough shape back in July, this info was provided by Ron Ares: "Approach w/ caution, unstable flooring. Property will not qualify for conventional financing. " Ouch.

It has also had an interesting sales history:

07/29/2008	SW(Bank Sale)	2008112745	$165,000.00
06/23/2008	TR(Foreclosure Auction)	2008095071	$182,628.00
08/29/2006	SH (?)	2006171253	$45,341.00
04/27/2006	WARRANTY DEED	2006078573	$251,000.00
12/17/2001	SW(bank sale)	2002014876	$18,100.00

Here's a photo of the house as it sits today:

A couple things I noticed looking at the distorted photos (come on folks, don't you have someone in the office that can upload these things so they don't look like you're in looking in a funhouse mirror?) First, they put the new electrical service right smack dab on the front of the house. Would it have cost much more to keep it on the side as it was originally, so it's not sitting like a pimple on the house's face?

Second, check out that door opening? I'm all for open floor plans, but couldn't they do it without a big pillar in the opening? That just screams poor planning.

I'm also pretty sure those are not the "original hardwood floors" as advertised. I could be wrong, but when I see them stained that dark I assume they're trying to hide something. These look new to me based on the width.

To their credit the work was actually permitted.

At the current asking price that's a steep $282k per square foot. Pretty steep in this market, at that location. Good luck!

Thanks to Will for the update! Please keep them coming folks, if you're in the market or just see an interesting house, bad remuddle, outrageous flips, etc. send me the info and I'd be glad to feature it here.