Two Four Harborside Condos Sold, More to Come

Two Four Harborside Condominium units will be sold following Monday’s Kitsap County commissioners’ meeting.

The sale of the four units could give the county $1.33 million, minus closing costs, to put toward the nearly $40 million in debt the county took on a few weeks ago.

Steve Bauer, county commissioner, said the Kitsap County Consolidated Housing Authority had these sales in the works before the county took over the main debt obligation for the condos. Bank of America, however, wouldn’t have accepted the sales, because they’re being sold before the bank’s former release points.

Josh Brown, county commissioner, said that the offers were reasonable offers in today’s real estate market.

Nancy Buonanno Grennan, county administrator, said more sales are pending.