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$695,000

Beds
6
Baths
2.0
sq ft
2,300

12607 SW 64th Ave, Portland, OR 97219

12607 SW 64th Ave

Portland, OR 97219

  • 56 days on market
    • Price drop $35,000↓
Duplex/multi-family style property with maximized rental potential. Maximized rent potential earning $5,000/ month in rent. Sitting on a quarter-acre in a highly sought after location near I-5 and 217. Featuring two kitchens, a laundry room, and separate bedroom rentals, this property is perfect for long term/short term rentals. Airbnb, or multigenerational living. With all bedrooms currently rented individually, it's an immediate income generator. Don't miss out on this versatile investment. Perfect for house hacking or first time investors who would like to take advantage of the FHA loan benefits.

Details

Property type

Single Family Residence

Est. home value

$530,133

Lot size

Unknown

Price per sq ft

$303

Year built

1952

Annual property taxes

$4,166.17

Price History

10/09/2024
PortlandOR

PortlandOR #24392394

Price change
$695,000
-4.79%
09/10/2024
PortlandOR

PortlandOR #24392394

Listed
$730,000
+92.11%
02/07/2020
PortlandOR

PortlandOR #19530565

Sold
$380,000

Schools & Community

Neighborhood: 

Far Southwest

Elementary school: 

Markham

Middle school: 

Jackson

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

$199,696
Asking price
$695,000
Closing costs (~8% of asking)
-$55,600
Est. remaining loan balance
-$439,704
Cash to seller
$199,696

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

Seller’s Loan History

Lender

American Financial Network Inc

Loan start date

March 2022

Original loan amount

$463,125

Est. remaining balance

$439,704

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Freddie Figueroa

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 3:05 PM

Listing updated: 10/09/2024 at 1:19 PM

Listed by: Freddie Figueroa, Cascade Heritage Real Estate Group Phone #: (503) 330-7381

MLS: PortlandOR #24392394

PortlandOR logo

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