tomo logo

$405,000

Beds
3
Baths
2.0
sq ft
1,820

1290 Madrona Av SE, Salem, OR 97302

1290 Madrona Av SE

Salem, OR 97302

  • 30 days on market
    • Price drop $10,000↓
Split-level 3 bed, 2 bath home in convenient South Salem location close to schools, shopping and restaurants. Living room with wood fireplace, updated kitchen has eating bar and dining room leads out to a covered patio. Lower level with large family room and 3rd bedroom could be used as dual living. Large fenced lot.

Details

Property type

Single Family Residence

Est. home value

$444,357

Lot size

8,276 sq ft

Price per sq ft

$223

Year built

1969

Annual property taxes

$3,889.26

Price History

06/18/2024
PortlandOR

PortlandOR #24029953

Price change
$405,000
-2.41%
06/05/2024
PortlandOR

PortlandOR #24029953

Listed
$415,000

Schools & Community

Neighborhood: 

Morningside

Elementary school: 

Morningside

Middle school: 

Leslie

High school: 

South Salem

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

$201,332
Asking price
$405,000
Closing costs (~8% of asking)
-$32,400
Est. remaining loan balance
-$171,268
Cash to seller
$201,332

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

Seller’s Loan History

Lender

Mann Mortgage Llc

Loan start date

August 2020

Original loan amount

$186,700

Est. remaining balance

$171,268

Interest rate

3.07%

Loan type

New Conventional, 30 year

Seller

Kimberly A Mcbeth and Phillip L Mcbeth

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: 07/04/2024 at 8:05 PM

Listing updated: 07/04/2024 at 1:05 AM

Listed by: Colleen Benson, Keller Williams Capital City Phone #: (503) 798-4001

MLS: PortlandOR #24029953

PortlandOR logo

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