On eve of demolition, neighbor agrees to buy 122-year-old home - KPTV - FOX 12

On eve of demolition, agreement reached for 122-year-old Portland home

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PORTLAND, OR (KPTV) -

A 122-year-old house set to be torn down appears to have received a last-minute reprieve.

A permit was granted last week to tear down the home on Northwest 32nd Avenue in Portland. The home had recently been purchased by Google executive Kevin Rose of San Francisco.

Neighbors told Fox 12 they believed Rose and his wife just planned to renovate the house. When they heard the home was set to be torn down, many were shocked.

Rose posted a message online saying he had "drastically underestimated" how much work and money it would take to bring the home up-to-date.

An online petition site pleading with Rose to reconsider garnered hundreds of signatures. Neighbors protested out front and others said they tried to make a deal with the new owner to buy and save the house.

As fencing went up Tuesday morning in preparation for the demolition, a deal was tentatively reached. The listing agent for the home confirmed to Fox 12 that an anonymous neighbor agreed to pay Rose $1.375 million for the house.

Public records show Rose bought it in March for $1.3 million.

All plans for the demolition have now been canceled.

The real estate agent involved in the transaction said it may take a few days to finalize the deal, and while nothing is in writing yet, both sides seem to be onboard with the agreement.

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