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:


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About Matt

Matt , Urbnlivn's publisher, has a love for lofts, floating homes and mid-century moderns.

For years Matt resisted becoming a real estate agent preferring to be an executive at Redfin but he recently caved in the spring of 2014 and became an agent. If you're interested in working with Matt, drop him a line at You can also find Matt on Twitter or skiing.

  • 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.