tomo logo

$510,000

Beds
4
Baths
3.0
sq ft
Unknown

1092 SE Locust St, Dundee, OR 97115

1092 SE Locust St

Dundee, OR 97115

  • 9 days on market
Great single-level home WITH separate ADU. The updated one-level home has 3 bedrooms, 2 baths, and laminate flooring. The versatile accessory dwelling unit (ADU) has a large living area, a closet for storage, and an eating area on the main floor. The ADU's upstairs has a bedroom (could opt for an office), closet, and full bathroom. A sliding door off this room leads to a small deck overlooking the picturesque landscape. Perfect for renting or multi-generational living! Located at the end of the street, this property provides serene views of nearby fields and trees. The home and ADU both have air conditioning providing year-round comfort. The backyard is perfect for gardening or outdoor relaxation. Great home that needs your style and touches-so much potential!

Details

Property type

Single Family Residence

Est. home value

$451,242

Lot size

7,405 sq ft

Price per sq ft

Unknown

Year built

1975

Annual property taxes

$3,025.49

HOA

No

Price History

01/23/2025
PortlandOR

PortlandOR #661969512

Listed
$510,000
+11.6%
01/04/2023
PortlandOR

PortlandOR #22208361

Sold
$457,000
+147.03%
10/20/2017
PortlandOR

PortlandOR #17035916

Sold
$185,000

Schools & Community

Elementary school: 

Dundee

Middle school: 

Chehalem Valley

High school: 

Newberg

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

$88,936
Asking price
$510,000
Closing costs (~8% of asking)
-$40,800
Est. remaining loan balance
-$380,264
Cash to seller
$88,936

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

Seller’s Loan History

Lender

Academy Mortgage Corp

Loan start date

December 2022

Original loan amount

$388,685

Est. remaining balance

$380,264

Interest rate

7.08%

Loan type

FHA, 30 year

Seller

Tom Wayne Tessman and Leah Tessman

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: 02/02/2025 at 5:00 AM

Listing updated: 02/02/2025 at 12:41 AM

Listed by: Andrew Lavier, eXp Realty, LLC Phone #: (888) 814-9613

MLS: PortlandOR #661969512

PortlandOR logo

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