tomo logo

$825,000

Beds
4
Baths
3.5
sq ft
3,538

12123 SE Lexington St, Portland, OR 97266

12123 SE Lexington St

Portland, OR 97266

  • 82 days on market
    • Price drop $24,000↓
Craftsman Details & Quality Materials! This home features spacious rooms and high ceilings, perfect for living and entertaining. Enjoy Brazilian cherry wood floors, custom built-ins, and floor-to-ceiling windows with multiple decks overlooking peaceful green space. The gourmet kitchen boasts granite countertops, stainless steel appliances, and a gas cooktop. The primary suite offers an en-suite bathroom with a soaking tub, walk-in shower, and dual walk-in closets with built-ins. With 4 spacious bedrooms, 3.1 baths (all with new toilets), 2 offices, a media/bonus room, 2 fireplaces, 2 kitchens, and 2 laundry rooms, this home is ideal for multi-generational living or rental. The owner invested $70,000 in upgrades, including new exterior paint, a new roof, and a new 5-ton AC and furnace. Additional features include an 8kW NG generator, plenty of storage with unfinished areas, and NO HOA. Don’t miss out on this exceptional home! The bottom floor is a complete apartment with its own kitchen, bathroom, and private entrance. It can be rented out.

Details

Property type

Single Family Residence

Est. home value

$701,610

Property condition

Updated/Remodeled

Lot size

7,405 sq ft

Price per sq ft

$234

Year built

2006

Annual property taxes

$11,381.8

Price History

11/02/2024
PortlandOR

PortlandOR #24048406

Price change
$825,000
-2.83%
08/28/2024
PortlandOR

PortlandOR #24048406

Price change
$849,000
-1.16%
08/15/2024
PortlandOR

PortlandOR #24048406

Listed
$859,000
+25.77%

Schools & Community

Neighborhood: 

Pleasant Valley

Elementary school: 

Gilbert Park

Middle school: 

Alice Ott

High school: 

David Douglas

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

$223,200
Asking price
$825,000
Closing costs (~8% of asking)
-$66,000
Est. remaining loan balance
-$535,800
Cash to seller
$223,200

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

Seller’s Loan History

Lender

Rivermark Community Cu

Loan start date

December 2022

Original loan amount

$546,400

Est. remaining balance

$535,800

Interest rate

6.94%

Loan type

New Conventional, 30 year

Seller

Nicole Nga Luong and Katherine Bich Luong

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 12:30 AM

Listing updated: 11/02/2024 at 9:01 AM

Listed by: Li Lanz, Li Lanz Properties, LLC Phone #: (503) 936-4154

MLS: PortlandOR #24048406

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