Short Sale Loft at Portofino

Short sales aren’t for the faint of heart or the impatient. But if you’re up for the challenge check out unit 306 at Portofino Lofts (417 E Pine) in the Pike/Pine Corridor that just hit the market at $349,950 (they paid $430k in September 2006). It’s 830 square feet and sports a tricked out kitchen with “cement countertops, maple cabinetry, multiple-SubZero frig & freezer drawers, Dacor oven & Gaggenau cook top” (no fridge!):

As well as a custom steel & wood staircase leading to a 2nd floor loft:

Graph of appraisals

Current average appraisal:

$327,000

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About Matt Goyer

I love condos, lofts, floating homes, new construction and mid-century moderns so much so that since starting this blog in 2006 I've written over 2,000 blog posts about them!

For years I resisted becoming a real estate agent preferring to be a marketing executive at Redfin but after leaving Redfin (after seven years!) I caved in the spring of 2014 and became a broker. So if you need help finding that "Urbnlivn-style" place or selling your home email me at matt@urbnlivn.com, I'd be happy to help you.

Prior to Urbnlivn and Redfin, I worked at Microsoft after graduating from the University of Waterloo with a Bachelor of Mathematics with a major in computer science.

You can also find me on Twitter, @MattGoyer, or LinkedIn.

  • Patrick

    Aren't short sales supposed to be better deals? Still seems pretty pricey at $422 / sqft for a building built in 1919.

  • cshecks

    I sold my condo short about 6 months ago, and now it's appraised for less than I sold it for. It was a piece of crap anyway – Mezzo condo. In retrospect I will never buy/consider a refurb apartment again – or at least one from that particular developer (the finishing materials were ungodly cheap and junkie). My short sale took about 5 months total – I had an AWESOME agent (who is now a broker) who is very well versed in short sales.