tomo logo

$500,000

Beds
2
Baths
1.0
sq ft
996

11825 SW Allen Blvd, Beaverton, OR 97005

11825 SW Allen Blvd

Beaverton, OR 97005

  • 469 days on market
    • Price drop $50,000↓
Welcome to this incredible investment opportunity! This listing offers a double tax lot encompassing a generous 0.44 acres of prime land, presenting the ideal canvas for creating two four-plexes. With this versatile property, you can maximize its potential and broaden your income streams. The possibilities are truly endless with the option to build out both four-plexes concurrently or begin with one and expand gradually, according to your preferences and needs. Whatever your vision may be, this property offers the flexibility to bring it to life.Currently, one of the lots features a tenant-occupied house, generating steady rental income right from the start. This existing income stream adds immediate value and makes this investment even more appealing.To assist you in realizing your development plans efficiently, a comprehensive developer packet is available. This invaluable resource equips you with the necessary information and guidance to quickly initiate your project. However, please note that buyers are responsible for conducting their own due diligence, ensuring all aspects of the property align with their requirements and conform to local regulations.Don't miss out on this incredible opportunity to secure a valuable investment with the potential for significant financial rewards. Take the first step towards creating your own real estate success story by scheduling a viewing today!

Details

Property type

Single Family Residence

Est. home value

$489,183

Lot size

9,583 sq ft

Price per sq ft

$503

Year built

1927

Annual property taxes

$3,020.73

Price History

03/26/2023
PortlandOR

PortlandOR #23306922

Listed
$500,000

Schools & Community

Neighborhood: 

Vose

Elementary school: 

Vose

Middle school: 

Whitford

High school: 

Beaverton

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

$315,112
Asking price
$500,000
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$144,888
Cash to seller
$315,112

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

March 2016

Original loan amount

$176,000

Est. remaining balance

$144,888

Interest rate

3.65%

Loan type

New Conventional, 30 year

Seller

Arthur Ghitea and Emanuela Ghitea

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: 07/07/2024 at 3:25 PM

Listing updated: 05/31/2024 at 1:27 AM

Listed by: Tony Apa, ELEETE Real Estate Phone #: (503) 292-1500

MLS: PortlandOR #23306922

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