tomo logo

$899,000

Beds
5
Baths
3.5
sq ft
2,728

14075 SW River Ln, Portland, OR 97224

14075 SW River Ln

Portland, OR 97224

  • 25 days on market
    • Price drop $25,000↓
Mid-Century Modern Gem with Attached ADU on 1.26 Acres – Fully Updated, Nature Lover's Paradise!Embrace the charm of this mid-century modern home set on 1.26 acres of lush, private land in Tigard, featuring an attached ADU for versatile living options. Whether you need space for multi-generational living, rental income, or a guest suite, the ADU offers exceptional flexibility.The expansive grounds include a fenced garden, perfect for growing vegetables and flowers, and an orchard with mature fruit trees, including two Asian pear trees. A creek runs through the back, creating a peaceful setting where a family of deer frequently visits.This home has been thoughtfully updated to ensure it's move-in-ready. Recent upgrades include all-new kitchen appliances in the ADU, a remodeled ADU bathroom (2024), refinished original hardwood floors in the main house (2023), new garage door, and fresh exterior paint (2024). Additional improvements include a new chimney cap (2023), oil tank removal with DEQ certification (2023), replacement of the septic pipe from the house to the tank (2023), and a radon mitigation system installation (2023). Outdoor spaces have been enhanced with a new back patio off the primary bedroom (2024) and a rebuilt fountain on the back patio (2023) for a tranquil touch.Inside, the home showcases classic mid-century modern design with spacious living areas and large windows that frame views of the natural surroundings. The ADU includes its own kitchen, bathroom, and separate entrance, making it ideal for guests or additional income potential.Enjoy the perfect balance of country tranquility and city convenience, with easy access to shopping, dining, and top-rated schools. This unique property offers space, style, and modern updates, all in a beautiful, natural setting.BONUS: Residents get unlimited access to River Meade Park which is a private resident's only park right down River Lane. Includes a boat ramp, a basketball court and access to Tualatin River.

Details

Property type

Single Family Residence

Est. home value

$866,670

Lot size

1.26 acres

Price per sq ft

$330

Year built

1955

Annual property taxes

$3,899.45

Monthly HOA fee

$4.17

Price History

10/23/2024
PortlandOR

PortlandOR #24407554

Price change
$899,000
-2.71%
10/11/2024
PortlandOR

PortlandOR #24407554

Listed
$924,000
+8.83%
03/02/2023
PortlandOR

PortlandOR #22195793

Sold
$849,000

Schools & Community

Elementary school: 

Deer Creek

Middle school: 

Twality

High school: 

Tualatin

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

$288,869
Asking price
$899,000
Closing costs (~8% of asking)
-$71,920
Est. remaining loan balance
-$538,211
Cash to seller
$288,869

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

Seller’s Loan History

Lender

Onpoint Community Cu

Loan start date

March 2023

Original loan amount

$549,000

Est. remaining balance

$538,211

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Joseph K Tovey and Bambi L Tovey

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 3:20 PM

Listing updated: 11/05/2024 at 1:27 AM

Listed by: Merin Bracken-Paldi, eXp Realty, LLC Phone #: (888) 814-9613

MLS: PortlandOR #24407554

PortlandOR logo

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