08/28/2023
๐ฆ๐ข๐๐: ๐ง๐๐ ๐ ๐๐ง๐ฅ๐ข๐ฃ๐ข๐๐๐ง๐๐ก ๐๐ข๐ก๐๐ข๐ ๐๐ก๐๐จ๐ ๐ฆ
1001 NW LOVEJOY ST #1210, PORTLAND, OR 97209
๐ข๐๐๐๐ฅ๐๐ ๐๐ง $1,125,000 | ๐ฆ๐ข๐๐ ๐๐ง $1,090,400
3 BEDROOM | 2 BATH | 1,824 SQFT
MLS # 23335801
Sometimes the sale of a home is closing a chapter for some. In this circumstance I was contacted by the representatives of the Estate of my client. There were several decision makers involved with in aiding the Estate sell the properties that were a part of the Estate, but the contacted me about aiding in the sale of their condo in the North End of the Pearl District. The condo was located in the Metropolitan Condominiums, an incredibly amenity rich building, within blocks of 3 of the Pearlโs green spaces (Tanner Springs Park, Jamison Park, and The Fields Park).
Serendipitously, I had originally assisted in the original purchase of this home, so had met the Seller before his passing. His partner still lived in the home, and she was gracious enough to tour me through and give me some context of the property before she moved out. It had some wear and tear, but finding a true 3 bedroom home that was not a penthouse, was unique across Pearl Condoโs. We prepped it for the market, got painting and touch up work done, had it staged thanks to ๐ ๐ฎ๐ฟ๐๐ฎ of ๐ฃ๐ผ๐น๐ธ๐ฎ ๐๐ผ๐ ๐๐ป๐๐ฒ๐ฟ๐ถ๐ผ๐ฟ๐ and were ready for the market by the Summer. We were optimistic about it, but also knew that there were several homes in the building for sale and the condo market has not been robust for a while now. It took a few months, before we got our first offer. While we hoped for the best in that deal, it was not to be. Those buyerโs opted to terminate the transaction, and buy a similar home that had more recent updates. Sometimes persistence and patience is key, and my clientโs stuck with me throughout the shifting markets. Entering our 2nd Summer, things seemed on the uptick. Showings were coming more frequently, optimism about the downtown core recovering from the pandemic seemed to abound, and it seemed the Pearl District was coming back to life. The fountain at Jamison was running again, and the splashes of children enjoying summer echoed up into the open windows of the surrounding buildings.
Soon we had 2 parties circling on the home, after several months of deliberation. One decided to write, and both myself and the representatives of the Estate felt good about their offer, so we accepted and were under contract. It takes a good broker on the other side of a transaction to navigate bumpy waters, while trying to keep both parties of a transaction from feeling those bumps. This one came with the unique challenge of the building manager for the Association Management Company leaving the company, and not giving us a point of contact to address the numerous questions, updates, and most importantly, delivery of the condo documents in a timely manner. To complicate things, the Personal Representative for the Estate was never assigned access to the ownerโs portal, so he had no way of obtaining the documents on his own. Thankfully, a new building manager was assigned, 2 days prior to us going into contract and we were suddenly wading through what appeared to be a lot of delayed updating from the building document side, as well as the new manager familiarizing herself with the building and trying to find the information we were looking for.
I was lucky enough that my co-op broker on the other side of our transaction was the wonderful ๐๐ฎ๐ป๐ฎ ๐ ๐ฐ๐๐ถ๐น๐น๐ผ๐ฝ of ๐ช๐ถ๐ป๐ฑ๐ฒ๐ฟ๐บ๐ฒ๐ฟ๐ฒ ๐ฅ๐ฒ๐ฎ๐น๐๐ ๐ง๐ฟ๐๐๐. Her level of communication while we attempted to gather the requested information for her clientโs was second to none. Working together to come up with solutions, navigate those bumps, and get all contractually obligated information to her clientโs was a hurdle, that was ultimately accomplished. Last Friday, we were able to get this home closed and sold. What was the end of a chapter for some, will be a new one for others.
To my clientโs, Joe & Carsten, thank you for your patience and understanding throughout what was a lengthy sale. Your level headed dispositions and trust in me helped us get here, and I appreciated it immensely.
To Karen, thank you for your grace in allowing us to tour yourโs and Howardโs home while you were still living there and processing your loss. I appreciate your kindness and understanding in what I know was a difficult time.
To Dana, I hope your clientโs love their new home and am excited for them to make it their own. I truly do hope we get to work together again in the future, as I know whoever you are representing will be keenly looked after and represented by the best.
Cheers to all involved and Thank you.