New ranking reports are in and Cascade Sotheby’s Realty is still #1 in all sold listings, all areas, all types (per MLSCO records, closed sales of all property types, all price ranges in all areas of Central Oregon, 6/1/12 – 5/31/13). We are #1 in year to date as well for all property types & residential alone (per MLSCO records, closed sales in all areas of Central Oregon 1/1/13 – 5/31/13)!
Category: Bend Real Estate
Here’s more evidence of a red hot housing market. According to CNN.com, some builders around the country are holding lotteries to decide who gets to purchase a new home. Luckily, we haven’t been hearing any reports about this here in Central Oregon. Call me today to discuss our local market and buying or selling your home.
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Developers planning to construct 20 home lots on a parcel of land located south of COCC
A local development group has made plans to built a subdivision that will be located southeast of Central Oregon Community College. The 20-lot subdivision plans are a revival of a previous proposal from another developer. These plans came to a halt when the housing market and economy tanked out in 2008.
The new developers are Green Intentions LLC. They recently filed an application during mid-March with the city of New Bend to build the new subdivision. Their application details their plans for converting 5.4 acres of vacant land into 20 single-family homes, right off of Northwest College Way.
Property boundaries begin to the east of College Way, between Portland Avenue and Saginaw Avenue, and extends almost to Quincy Avenue.
Jim Guild, a development partner for Green Intentions, declined to comment Monday on the specifics. However, he did state that the group may be ready to make an announcement about their plans as early as this summer. Guild says that they are still in the process of getting their marketing strategy formulated.
Currently, the plan is still going through the motions of the city of New Bend’s development process. The developers filed blueprints with the city that shows plans for a new road. It will be located on Saginaw’s south side, right across from Cascade View Drive. The road will end in two separate cul-de-sacs, before it reaches Portland Avenue.
Aaron Henson, Bend’s Senior Planner, announced that there’s a public comment period for local community residents that’s running through Monday. Shortly after this, city planners just may give the new development project the seal of approval.
Henson says that the new proposal was almost identical to the previous application, which was filed back in 2006. He isn’t expecting many, or any, major issues or surprises.
Plans made by the previous owner also involved turning the vacant lot into a subdivision. According to official city documents, they were able to complete the new road’s preliminary grading and install the infrastructure for the sewage system before the real estate market crash in 2008. It was at that time that the previous developer’s approved plans lapsed.
According to property records of Deschutes County, in 2005, CHC Development LLC paid $1 million for the vacant land parcel. By 2008, CHC found themselves suing the city because flooding issues due to stormwater. In 2009, their case was closed. As noted in country and state records, they lost the vacant land in 2010 to foreclosure.
In 2012, Green Intentions purchased the parcel out of foreclosure for $825,000.
Development plans show that there are currently four dry wells installed along where one of the proposed cul-de-sacs will be located. Their purpose will be to prevent flooding on the site during rain storms by catching the stormwater.
Within the last year alone several projects have come about that could help completely change College Way’s landscape south of COCC in the new future. In November, John Gilbert, Bend developer, purchased a 3-acre, partially developed site. It’s located just across Green Intentions’ land on College Way.