tomo logo

$2,450,000

Beds
6
Baths
4.5
sq ft
6,445

12334 S Edgecliff Rd, Portland, OR 97219

12334 S Edgecliff Rd

Portland, OR 97219

  • 289 days on market
    • Price drop $400,000↓
Rare opportunity to reimagine one of Portland's most prominent estates located in Dunthorpe and designed by Herman Brookman on an incredible 1.55-acre lot. This Georgian-style home represents a bygone era with timeless details in a spectacular setting. Available for only the 5th time since it was built in 1939, this home has deep architectural roots and is ready for a new curator to take it into its second century. Known for the M. Lloyd Frank estate, AKA the Lewis & Clark Manor House, Menucha, the Julius Meier estate in Corbett and the Lee S. Elliot house, Brookman was a master architect who left a legacy of some of the area's most remarkable homes. Complete with a pool fit for the Rat Pack, glorious views, including Mt. Hood from the primary suite, this home's classic design is ready for the next generation to enjoy life on the tree-lined streets of Dunthorpe.

Details

Property type

Single Family Residence

Est. home value

$2,510,448

Lot size

1.55 acres

Price per sq ft

$381

Year built

1939

Annual property taxes

$27,945.88

Price History

08/13/2024
PortlandOR

PortlandOR #24152495

Price change
$2,450,000
-14.04%
07/01/2024
PortlandOR

PortlandOR #24152495

Listed
$2,850,000
07/01/2024
PortlandOR

PortlandOR #24152495

Removed
$2,850,000
+14%

Schools & Community

Elementary school: 

Riverdale

Middle school: 

Riverdale

High school: 

Riverdale

Seller’s Loan History

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

Lender

Morgan Stanley Private Bank Na

Loan start date

October 2016

Original loan amount

$1,074,309

Est. remaining balance

$883,307

Interest rate

3.43%

Loan type

New Conventional, 30 year

Seller

Peter Lubisich Iii and Celia Richards Lubisich

Lender

Bank Of America Na

Loan start date

February 2010

Original loan amount

$1,190,000

Est. remaining balance

$818,729

Interest rate

5.05%

Loan type

New Conventional, 30 year

Seller

Peter Lubisich Iii and Celia R Lubisich

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: 11/21/2024 at 11:10 PM

Listing updated: 09/22/2024 at 1:06 AM

Listed by: Terry Sprague, LUXE Forbes Global Properties Phone #: (503) 389-2112

MLS: PortlandOR #24152495

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