Front Porch
Saturday, March 29, 2008
Who's up, down, and upside down in real estate
PDC's Post Office estimate on target
The Portland Development Commission paid for an appraisal of the U.S. Postal Service's Pearl District office in 2007 with hopes of buying the prime 13-acre property.
The review by Integra Realty Resources put the value at $45.5 million.
So why then does the county assessor's figures on www.portlandmaps.com put the same property's market value at $128 million?
Good question, says Randy Walruff, the county's director of assessment and taxation.
Read the ful story here...
