tomo logo

$535,000

Beds
3
Baths
2.5
sq ft
Unknown

1225 NE 166th Ave, Portland, OR 97230

1225 NE 166th Ave

Portland, OR 97230

  • 2 days on market
    • Open house Feb 22
Turnkey daylight ranch home with soaring vaulted living room ceiling, two fireplaces, skylights, and finished basement. All three good-sized bedrooms and two full baths on the main floor. Clean and tidy kitchen with formal dining room with glass slider to covered deck. In the finished basement you'll find tall ceilings, large family room, a half bathroom, separate entry, and plenty of space for a potential ADU or home office. Oversized garage with openers has space to park two cars plus tons of storage. Large driveway has room to park cars, RV, boat, you-name-it. Neat deck and patio are perfect for entertaining or enjoying the serene view. Well maintained yard with newly planted trees in the front and back yard. Updates include refinished hardwood floors, all new plumbing, new roof, chic lighting, fresh paint, radon mitigation system, and transfer switch for future generator. Open House Saturday 11:00am-1:00pm and Sunday 1:00pm-3:00pm. [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10202576]

Details

Property type

Single Family Residence

Est. home value

$491,656

Lot size

6,969 sq ft

Price per sq ft

Unknown

Year built

1961

Annual property taxes

$4,942.73

HOA

No

Price History

02/20/2025
PortlandOR

PortlandOR #625286073

Listed
$535,000
-5.73%
04/30/2024
PortlandOR

PortlandOR #24275960

Removed
$567,500
04/24/2024
PortlandOR

PortlandOR #24275960

Removed
$567,500

Schools & Community

Elementary school: 

Wilkes

Middle school: 

H.B. Lee

High school: 

Reynolds

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

$79,213
Asking price
$535,000
Closing costs (~8% of asking)
-$42,800
Est. remaining loan balance
-$412,987
Cash to seller
$79,213

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

August 2022

Original loan amount

$428,000

Est. remaining balance

$412,987

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Anthony Michael Mecum and Ernesto Gallardo Elizalde

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?

Status: Active

Tomo last checked: 02/22/2025 at 9:55 AM

Listing updated: 02/21/2025 at 4:25 PM

Listed by: Sarah McBee, Wood Land Realty Phone #: (503) 522-1691

MLS: PortlandOR #625286073

PortlandOR logo

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