tomo logo

$255,000

Beds
1
Baths
1.0
sq ft
623

1005 SW Park Ave Unit 607, Portland, OR 97205

1005 SW Park Ave Unit 607

Portland, OR 97205

  • 28 days on market
The historic Roosevelt Hotel, nestled in downtown Portland’s Cultural Arts District, was built in 1924 by the renowned Clausen and Clausen for George Heathman. Listed on the National Register of Historic Places, its grand lobby, with soaring ceilings, evokes a bygone era. Over the years, the Roosevelt hosted legendary guests such as Buddy Holly, Sammy Davis Jr., Ike and Tina Turner, President Harry S. Truman and JFK stayed here! Today, this iconic brick building with terra cotta accents has been converted into 56 condominiums, offering residents modern conveniences with a touch of historic charm. Unit #607 features an open floor plan, updated kitchen and bath, wood floors, quartz countertops and large windows with stunning views of downtown Portland and the West Hills. HOA fees include utilities, internet, and shared laundry, making it ideal for those on a fixed budget. Located in the heart of Portland, residents can enjoy the vibrant arts scene, farmers markets, parks, and easy access to public transportation, including the MAX light rail. With a perfect 100 Walk Score, this gem combines historic significance with modern urban living.

Details

Property type

Condominium

Est. home value

$224,527

Lot size

Unknown

Price per sq ft

$410

Year built

1924

Annual property taxes

$3,003.69

Monthly HOA fee

$737

Price History

10/08/2024
PortlandOR

PortlandOR #24338252

Listed
$255,000
+10.22%
10/06/2022
PortlandOR

PortlandOR #22399804

Sold
$231,350

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Chapman

Middle school: 

West Sylvan

High school: 

Lincoln

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$161,879
Asking price
$255,000
Closing costs (~8% of asking)
-$20,400
Est. remaining loan balance
-$72,721
Cash to seller
$161,879

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

October 2012

Original loan amount

$100,970

Est. remaining balance

$72,721

Interest rate

3.62%

Loan type

New Conventional, 30 year

Seller

George G Forbes

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/05/2024 at 2:40 AM

Listing updated: 10/31/2024 at 7:46 PM

Listed by: Dan Volkmer, Windermere Realty Trust Phone #: (503) 220-1144

MLS: PortlandOR #24338252

PortlandOR logo

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