North Harbour Vista Condos Goes To Auction
Thirty-six residences at Portland’s North Harbour Vista are scheduled to go to auction on July 18, 2010. Minimum bids begin at $99,000 (or $128/SQFT), as much as 55% below original price points.
This new condominium neighborhood located near Delta Park and Jantzen Beach consists of four buildings, each with 36 units. Only the units located in Building 1 will be available at the upcoming auction.
Arguably Portland’s most poorly timed condo project, this one failed to attract any interest from buyers at all. With no time to lose, sales efforts have been taken to the next level off the bat at what is now billed as “The Grand Opening Auction”.
Here’s a breakdown of what will be available at auction:
Plan A is a one bedroom with den and one bath, approximately 768 square feet with minimum bid of $99,000. Plans B, C, D are 2 bedroom+ den and two baths. Plan B is approximately 989 square feet with min. bid of $139,000. Plan C is approximately 1,109 square feet with min. bid of $149,000 and Plan D is approximately 1,258 square feet with min. bid of $179,000.
All units are single level with balcony, nine foot ceilings, vaulted ceilings in selected plans, hardwood floor in entry and kitchen, state of the art appliances, granite countertops and stylish cabinetry. North Harbour Vista homes offer standard high-tech conveniences including a keyed entry system, intercom system with foyer entrance and are pre-wired for phone, data lines and cable TV hook-ups.
The auction commences at 4 PM and will be held at the Red Lion Hotel On The River at Jantzen Beach, Portland, OR. Registration is required, broker participation encouraged. Find out more about the auction here, or drop me a note to learn more about other home sale auctions in Portland.
