Bend Reality Check

We sold both of our Bend homes in August of 2006.

We had listed my house (on NE 10th) for $240,000, and sold it five days later for $281,000. I was shocked. The roof was shot, the single-paned windows leaked every ounce of heat that the old oil furnace provided, and the interior was in need of a new paint job. The buyers had great plans; to sub-divide the large lot, and build a 2-story home next door.

My mom called me today to say that they drove by my old house, and it’s for sale. It had sold for $281K — it’s now on the market for $196K. Realistically, it’s probably worth $120K.

Before:

After:

They chopped down all of the large trees on the lot, and tore down the attached carport and studio apartment in the back (to make room for the new house). Grandiose plans that erupted into a $100,000+ loss… if she’s able to sell it, that is.

This is truly a reality check for us.

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This entry was posted in All About Us, baker city, bend oregon, Giving Thanks. Bookmark the permalink.

3 Responses to Bend Reality Check

  1. Jon says:

    Wow………………

  2. There are many people who made mistakes in the last couple of years buying real estate in Bend. However, there are some good buys out there right now and interest rates are below 6% for a 30 year fixed. You do need a job and a good credit report!
    Jim Johnson, Principal Broker
    Century 21 Gold Country Realty

  3. josh says:

    I’m glad I sold when I did and moved out of state.

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