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Photos From Seventeen07 aka Auction 1707

October 13, 2008 By 69 Comments

After chatting with with this guy and finding out they make $13/hour we stopped by 1707 Boylston Ave while waiting for my haircut.

So the story on this project is that they sold 10 units, rented 9 and are now auctioning 17. To get in on the auction you need to be pre-approved with their lender and bring a cashiers check for $1000 to the auction next weekend. If you win you need to pony up another $1500 that weekend. The bidding starts at $100,000 for the studios.

The place is what you’d expect; they took an old apartment building and put in granite countertops.

391841702 HRLM6 S Photos From Seventeen07 aka Auction 1707

The place is really trying to appeal to dog owners with a massive doggie area in the basement:

391850962 jR9ne S Photos From Seventeen07 aka Auction 1707

There are also some old memories of the apartment like this sign over the coin op:

391851773 UCe65 S Photos From Seventeen07 aka Auction 1707

The “gym” in the basement is a little desolate:

391840541 P9Z5i S Photos From Seventeen07 aka Auction 1707

In fact the whole basement reminded me of a college dorm.

See all my photos.

The company doing this, Accelerated Marketing Partners, has done this before in California but the onsite real estate agents they have are local. For the projects that don’t or can’t go rental this is their other option.

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About Matt

Matt , Urbnlivn's publisher, has a love for lofts with industrial features and new construction condos that is only eclipsed by his passion for outdoor sports and urban living. Phrases such as “polished concrete” and “exposed brick” are music to his ears. You can also find Matt on Twitter or skiing.

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  • uptown

    The difference this time around is that a whole lot of companies are sitting on a whole lot of cash.

  • EconE

    Jo…

    I wasn’t referring to the people that were laid off. That does suck. I was just stating my belief that Redfin isn’t going anywhere. Hopefully as Redfin grows again, those that were laid off will be first in line for the new positions. I’m glad that our blog author is still employed.

    Uptown…

    Perhaps you are correct…however…I’d be willing to bet that many companies are also sitting on a whole lot of debt too. The bigger issue is the consumer. Broke consumers are no good to companies sitting on piles of cash.

  • EconE

    Jo…

    I wasn’t referring to the people that were laid off. That does suck. I was just stating my belief that Redfin isn’t going anywhere. Hopefully as Redfin grows again, those that were laid off will be first in line for the new positions. I’m glad that our blog author is still employed.

    Uptown…

    Perhaps you are correct…however…I’d be willing to bet that many companies are also sitting on a whole lot of debt too. The bigger issue is the consumer. Broke consumers are no good to companies sitting on piles of cash.

  • EconE

    Jo…

    I wasn’t referring to the people that were laid off. That does suck. I was just stating my belief that Redfin isn’t going anywhere. Hopefully as Redfin grows again, those that were laid off will be first in line for the new positions. I’m glad that our blog author is still employed.

    Uptown…

    Perhaps you are correct…however…I’d be willing to bet that many companies are also sitting on a whole lot of debt too. The bigger issue is the consumer. Broke consumers are no good to companies sitting on piles of cash.

  • http://twitter.com/mattgoyer mattgoyer

    If I was unemployed just think how much time I’d have to blog about sucky Seattle condo projects! This blog would rock.

    (Okay, back to working on shipping the next version of Redfin.)

  • http://twitter.com/mattgoyer mattgoyer

    If I was unemployed just think how much time I’d have to blog about sucky Seattle condo projects! This blog would rock.

    (Okay, back to working on shipping the next version of Redfin.)

  • http://blog.mattgoyer.com Matt

    If I was unemployed just think how much time I’d have to blog about sucky Seattle condo projects! This blog would rock.

    (Okay, back to working on shipping the next version of Redfin.)

  • jcricket

    I am in the same boat as EconE. Having been laid off, I am totally sympathetic to others who have been. And nowhere in my post did I say the laid off employees “deserved it” or did anything wrong. Frankly, kudos to the Redfin CEO for being so magnanimous in his blog post – it’s one of the most heartfelt I’ve ever read.

    That said, anyone who thought things were hunky-dory enough to raise revenue forecasts as recently as a month ago is not someone I’d want to be following as the captain of my “ship”.

    And while Redfin is better off than companies dependent on ad sales, the number of employees is an order of magnitude higher than a lot of those startups as well, and the “effort per sale” effort is pretty high too – making it probably a wash.

    I’d give Redfin no better than 10% odds of making it out of the coming downturn an independent company. Note this is only down from the traditional 20% odds of any startup making it, so I’m not _that_ pessimistic :-)

  • jcricket

    I am in the same boat as EconE. Having been laid off, I am totally sympathetic to others who have been. And nowhere in my post did I say the laid off employees “deserved it” or did anything wrong. Frankly, kudos to the Redfin CEO for being so magnanimous in his blog post – it’s one of the most heartfelt I’ve ever read.

    That said, anyone who thought things were hunky-dory enough to raise revenue forecasts as recently as a month ago is not someone I’d want to be following as the captain of my “ship”.

    And while Redfin is better off than companies dependent on ad sales, the number of employees is an order of magnitude higher than a lot of those startups as well, and the “effort per sale” effort is pretty high too – making it probably a wash.

    I’d give Redfin no better than 10% odds of making it out of the coming downturn an independent company. Note this is only down from the traditional 20% odds of any startup making it, so I’m not _that_ pessimistic :-)

  • jcricket

    I am in the same boat as EconE. Having been laid off, I am totally sympathetic to others who have been. And nowhere in my post did I say the laid off employees “deserved it” or did anything wrong. Frankly, kudos to the Redfin CEO for being so magnanimous in his blog post – it’s one of the most heartfelt I’ve ever read.

    That said, anyone who thought things were hunky-dory enough to raise revenue forecasts as recently as a month ago is not someone I’d want to be following as the captain of my “ship”.

    And while Redfin is better off than companies dependent on ad sales, the number of employees is an order of magnitude higher than a lot of those startups as well, and the “effort per sale” effort is pretty high too – making it probably a wash.

    I’d give Redfin no better than 10% odds of making it out of the coming downturn an independent company. Note this is only down from the traditional 20% odds of any startup making it, so I’m not _that_ pessimistic :-)

  • jcricket

    BTW Matt – you should pre-emptively register some domains for the coming RE-pacolypse: “f-edcondos.com”, “repartment.com” or whatever :-)

  • jcricket

    BTW Matt – you should pre-emptively register some domains for the coming RE-pacolypse: “f-edcondos.com”, “repartment.com” or whatever :-)

  • jcricket

    BTW Matt – you should pre-emptively register some domains for the coming RE-pacolypse: “f-edcondos.com”, “repartment.com” or whatever :-)

  • http://twitter.com/mattgoyer mattgoyer

    Re: Revenue forecasts. We’re going to be mixing things up soon and were optimistic about the headway we’ve been making in markets like Palo Alto and parts of Southern California. Of course now that GOOG has come crashing down the Palo Alto market is going to deteriorate.

    Re: ad sales.

    Looking at companies like Zillow and Trulia they are carrying the same or higher headcount but wholly dependent on advertising.

    Re: domain name registration.

    That’s a great idea!

  • http://twitter.com/mattgoyer mattgoyer

    Re: Revenue forecasts. We’re going to be mixing things up soon and were optimistic about the headway we’ve been making in markets like Palo Alto and parts of Southern California. Of course now that GOOG has come crashing down the Palo Alto market is going to deteriorate.

    Re: ad sales.

    Looking at companies like Zillow and Trulia they are carrying the same or higher headcount but wholly dependent on advertising.

    Re: domain name registration.

    That’s a great idea!

  • http://blog.mattgoyer.com Matt

    Re: Revenue forecasts. We’re going to be mixing things up soon and were optimistic about the headway we’ve been making in markets like Palo Alto and parts of Southern California. Of course now that GOOG has come crashing down the Palo Alto market is going to deteriorate.

    Re: ad sales.

    Looking at companies like Zillow and Trulia they are carrying the same or higher headcount but wholly dependent on advertising.

    Re: domain name registration.

    That’s a great idea!

  • http://www.sonestajaco.com jaco beach real estate

    any pictures about the living room and bed room would be better

  • http://www.sonestajaco.com jaco beach real estate

    any pictures about the living room and bed room would be better

  • http://www.livingroomwarehouse.com/ Sectional Sofas

    Great interior design!

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