One of our readers points out this house for sale in Laurelhurst:
"Purchased for $250K on 02/12/2002, some permits pulled, looks like some updating, added room and bathroom in basement, I think he's fudging on the square footage.
Here's the kicker: asking price $650K!!!
http://portland.craigslist.org
The seller is a real estate agent, for what it's worth. Let's see how fast it sells. That's 21.1% annual appreciation (not including renovation costs) for those curious.
