Beaverton, OR - New Fixer Rummer On-Sale

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Beaverton, OR - New Fixer Rummer On-Sale

Postby pdxrox » Thu Aug 24, 2006 6:32 pm

Just saw this:
http://www.cweinsteinpdxhomes.com/Nav.a ... 1154929%26

Looks like it needs some work, but at least nobody painted the ceiling.

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FIXX ME SHAG!!!

Postby tgroove » Thu Aug 24, 2006 9:19 pm


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Joe
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Postby Joe » Thu Aug 24, 2006 10:08 pm

that looks like it's in fairly decent original (unrestored) condition. little cosmetic work needed.

please, someone who isn't a complete idiot get this home and love it. :)

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Forget it, its already sold

Postby PDXlurker » Fri Aug 25, 2006 9:12 am


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Walk through?

Postby pdxrox » Fri Aug 25, 2006 4:20 pm

Did you get a chance to do a walk-through before you put your offer down? Or did you just put it in when you saw a Rummer was on the market?

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Postby PDXlurker » Fri Aug 25, 2006 4:30 pm

Tuesday they had a Broker's showing and my realtor took me over. We made the offer at 10:30pm that night and when the selling agent received the fax the next morning she said there was already another offer. My husband and I went the next morning and met the couple to tell them how much we loved the house and to *please* give us a chance to counter. As the day went on the realtor said she would be presenting offers at 4pm (Wednesday). By 4pm there were four offers on the table and I have a feeling ours was at the bottom of the pile.

C'est la vie! Our realtor speculated that the other offers were way above asking or someone came in with a cash offer.

I too am from Sacratomato and grew up around MCMs too. Good luck with your search!

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Postby Joe » Fri Aug 25, 2006 5:13 pm


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Postby PDXlurker » Fri Aug 25, 2006 6:03 pm


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Postby Joe » Fri Aug 25, 2006 7:56 pm


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needs some work

Postby iwantarummer » Fri Sep 08, 2006 3:20 pm

i saw this house and loved it.
what the realtor won't tell you, yours or otherwise, is that it needs
a tremendous amount of work.

from roof to flooring this house is a FIXER.

buyer beware.

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Miguel
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Postby Miguel » Fri Sep 08, 2006 5:45 pm

Fixer of not, looks like it's in pretty decent condition, but then again dry rot does not show in pictures...

Nevertheless, I see a couple of goodies in there:

Danish wall unit

McCobb chair

...

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What needed fixin'?

Postby pdxrox » Fri Sep 08, 2006 7:32 pm

Having not been able to see it in person, can you tell us what you saw that needed to be done? New roof? New flooring? New beams?

From looking at the pictures I noticed both the bath needed work (looked like someone did a mid 70's job on it, didn't look original) and the kitchen would need work... both areas could suck $$. But any insight you can give since you saw it would be appreicated.

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always get an inspection!!!

Postby iwantarummer » Fri Sep 08, 2006 10:37 pm

i won the bidding war on this house, originally.
i loved it and was very anxious for the inspection.

here are the inspector notes:

roof needs to be replaced asap (telltale signs of leaks in the dining room, laundry room, fireplace, exterior fireplace, master bath)
skylights need to be repaired/replaced
new gutters/downspouts/drains need to be replaced (owner neglect)
back deck needs to be removed and replaced (dry rot and falling down)
heat pump/ac unit needs to be replaced
house needs to be repainted within the year
electrical panel needs rewiring of outlets and upgrading to GFCI
driveway needs to be repaired (trip hazard)

here is what needs to be done to bring it into the new millinieum:

boiler replacement: 10,000 to replace
carpet removable/replacement
tub/shower wall: it will probably need a new backing/wall board behind the damaged tile area
exhaust fans installed: 2 baths & laundry area
flooring in kitchen and family room: asbestos hazard
glass in atrium: safety hazard
electrical outlets: need to be upgraded with safety outlets

misc. cosmetic repairs (of course)

the owners, actually the sellers agent, was unwilling to negotiate on the price, even though it needed a new roof and a new deck before it was even liveable. through my agent, she said, reconsider "there are people begging to pay more for the house." i found that to be absurd.


i had a roofer, a boiler inspector, an electrician, a deck pro all come out on my own dime and they all said the same thing. great house, but it has been neglected....and apparently they are expecting the new owners to take on the financial burden of bringing it back to it's old glory.

seemed only cosmetic, but it was a money pit in the making.

if you have the bucks it could be amazing. i figured that going 35,000 over the original asking price was a bit much....even taking that into consideration (or not) they declined my counter offer and would not take on any of the repairs.

very upsetting considering how much needed to be done. my estimation was 35,000 for new roof, new deck, new ac/heat, carpet removal and replacement, original flooring to be replaced (asbestos hazard), etc...

i was very disappointed in the entire process.

i am a huge fan of eichler and this would have been my dream home type scenario.

hope that helps.

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Re: always get an inspection!!!

Postby Stephen » Fri Sep 08, 2006 11:47 pm

Stephen Meade
SoCal Realtor - DRE 01378749
Pacific West Assoc. of Realtors President-Elect
http://www.OCModHomes.com
http://www.CliffMaySocal.com
and
Cliff May Homeowner

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Went to the next highest bidder

Postby PDXlurker » Sun Sep 10, 2006 8:06 am


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Re: Went to the next highest bidder

Postby Stephen » Sun Sep 10, 2006 9:31 am

Stephen Meade

SoCal Realtor - DRE 01378749

Pacific West Assoc. of Realtors President-Elect

http://www.OCModHomes.com

http://www.CliffMaySocal.com

and

Cliff May Homeowner

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to flip or not to flip

Postby modern mama » Sun Sep 10, 2006 9:59 am


iwantarummer
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that's what i was thinking

Postby iwantarummer » Sun Sep 10, 2006 9:59 am


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Postby kjansma » Mon Sep 11, 2006 7:43 pm

Then again, that beautifully redone Rummer in Beaverton just sold for $525,00. So, I guess you never know. I personally think it's crazy to try to flip a house in the current market unless you can get the house for a steal, but I'm a bit of a wimp when it comes to financial risk.

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Postby Joe » Tue Sep 12, 2006 7:14 am


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the value is in the eye of the buyer

Postby modern mama » Tue Sep 12, 2006 2:38 pm

I think you were a little harsh in your statement "I think this is a combination of a naive buyer and an idiot inspector". It appears to me that the buyer did a good job of evaluating all of the information available in making their decision, without letting their emotions be the driving force. Just because it may pencil out to buy a fixer and invest $50K in making the necessary repairs doesn't mean that the buyer is "naive" in not purchasing the home. Not everyone is up for the challenge of renovating a fixer (whether financially, physically, or emotionally), and it appears that this house was not marketed as a fixer, but that the needed repairs (deck, roof, electrical etc.) and fixture/appliance replacements (boiler, heat pump, etc.) were not identified in the disclosure statement. Sounds like an "informed" buyer to me.

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Stephen
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Postby Stephen » Tue Sep 12, 2006 2:51 pm

*grabs popcorn*
Stephen Meade

SoCal Realtor - DRE 01378749

Pacific West Assoc. of Realtors President-Elect

http://www.OCModHomes.com

http://www.CliffMaySocal.com

and

Cliff May Homeowner

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thank you mamma

Postby iwantarummer » Tue Sep 12, 2006 3:02 pm

through research in the portland area and from current rummer owners,i got several bids from radient heat specialists that know this type of system and have replaced several of them in local rummer homes. two quoted me over the phone at 10,000.

as far as the inspector, he was simply giving me the facts. isn't it my job as a potential buyer to see what i am up against? or should i just throw caution to the wind and dig further into my pocket?

i may be a first time buyer, but not naive.

i am an art director in the film business, in los angeles, with an extensive background in mid century modern design. just last year i shot commercials and feature films in lautners, eichlers, cliff may's, and f l wrights. so i know what i need to be looking for in a rummer home (heck i've been in the originals)

i guess it's a personal risk to take on such a project.

let's take a look at this again, once the house is fixed up and really see what the market will bear. according to a previous post, it may be back on the market in 6 months.

also another point, isn't the home that was featured in last months portland monthly magazine for 399,900 still on the market with a bumpable buyer? why are there no back up offers. why is it still on the market?

wouldn't you think this would be a good guage at what the market will bear? famous house and all?

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Postby Luka » Tue Sep 12, 2006 3:07 pm

Hi there - I think you made a wise decision backing out of the deal. Sellers have had truly unrealistic expectations of late with the overheated market and don't recognize that a fixer is a fixer, especially with the turn towards a buyer's market. Houses are seeing significant reductions now so you should consider yourself lucky for having this fall through. In six months you'll likely find yourself in a much better position. Good luck to you!

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Postby Joe » Tue Sep 12, 2006 4:42 pm


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Re: needs some work

Postby PortlandModern » Wed Sep 20, 2006 9:46 am

Last edited by PortlandModern on Wed Sep 20, 2006 4:57 pm, edited 1 time in total.

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Re: always get an inspection!!!

Postby PortlandModern » Wed Sep 20, 2006 9:56 am


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Re: always get an inspection!!!

Postby PortlandModern » Wed Sep 20, 2006 5:48 pm


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Postby egads » Wed Sep 20, 2006 9:16 pm

A man's home is his hassle.

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Postby iwantarummer » Thu Sep 21, 2006 7:43 pm

is this the twilight zone i've entered or some sort of wack weird blog that constantly insults it's visitors?

i just want to buy a house, not get into the reasons why i should lower my standards just because it is a Rummer.

maybe all you real estate agents out there should tell your rummer sellers to make them market presentable. or at least, take that into consideration when people counter offer based on their inspection.

oink!


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