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$629,500

Beds
4
Baths
2.5
sq ft
Unknown

12360 SW Katherine St, Portland, OR 97223

12360 SW Katherine St

Portland, OR 97223

  • 122 days on market
    • Price drop $3,000↓
This 1972 Tri-Level home with 4 bedrooms offers incredible potential for those willing to put in a little work. Located in the sought-after Summerlake Park neighborhood, you’ll enjoy access to walking paths, a dog park, pickleball courts, and a short drive to shops and restaurants. The home features newer flooring, carpet, interior paint, and baseboards, with a spacious main-level living area, a formal dining room, and an additional eat-in area. Downstairs, a cozy den with a wood fireplace provides a perfect space for relaxing or entertaining. The real gem is the lush, private backyard, which backs up to a half-acre greenspace and Fanno Creek Tributary. This home is comfortable and move-in ready—just waiting for someone to add their personal touch and make it their own. Come see the potential for yourself!

Details

Property type

Single Family Residence

Est. home value

$571,605

Lot size

7,840 sq ft

Price per sq ft

Unknown

Year built

1972

Annual property taxes

$5,140.77

HOA

No

Price History

03/04/2025
PortlandOR

PortlandOR #24614663

Price change
$629,500
-0.47%
02/04/2025
PortlandOR

PortlandOR #24614663

Price change
$632,500
-1.09%
01/22/2025
PortlandOR

PortlandOR #24614663

Price change
$639,500
-1.54%

Schools & Community

Elementary school: 

Mary Woodward

Middle school: 

Fowler

High school: 

Tigard

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

$77,858
Asking price
$629,500
Closing costs (~8% of asking)
-$50,360
Est. remaining loan balance
-$501,282
Cash to seller
$77,858

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

Seller’s Loan History

Lender

Sierra Pacific Mortgage Co Inc

Loan start date

April 2022

Original loan amount

$530,100

Est. remaining balance

$501,282

Interest rate

3.89%

Loan type

New Conventional, 30 year

Seller

Joy Bragg and Mattheww Ferrua

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: 04/02/2025 at 5:45 PM

Listing updated: 03/04/2025 at 10:06 AM

Listed by: Matthew Ferrua, RPI Real Estate Phone #: (503) 746-4683

MLS: PortlandOR #24614663

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