tomo logo

$399,000

Beds
1
Baths
2.0
sq ft
680

1415 NW 31st Pl, Lincoln City, OR 97367

1415 NW 31st Pl

Lincoln City, OR 97367

  • 71 days on market
Seller is offering $20,000 in concessions to the buyer to use as needed. This top-floor, ocean-view condo offers opportunity for a full-time residence or as a rental pool option. The unit features a beautiful kitchen with granite countertops, lovely cabinetry, and a cozy gas fireplace. Enjoy the convenience of having all utilities included in the HOA fees, as well as access to a laundry facility, plus not one but two parking spaces for owners convenience. This property includes dedicated beach access and deeded, unobstructed ocean views. Amenities such as a saltwater pool, hot tub, game room with a big-screen TV and ping pong table, fitness center, restaurant, bar, and a playground right next door. This turn-key condo is being sold fully furnished, with only a few personal items excluded, making it move-in ready for the new owners, or keep for rental income.

Details

Property type

Condominium

Est. home value

$208,962

Lot size

Unknown

Price per sq ft

$587

Year built

1974

Annual property taxes

$2,437.57

Monthly HOA fee

$471.33

Price History

07/10/2024
PortlandOR

PortlandOR #24180622

Listed
$399,000
+85.58%
06/12/2020
PortlandOR

PortlandOR #20363897

Sold
$215,000
+79.17%
07/19/2019
PortlandOR

PortlandOR #18323203

Sold
$120,000
-39.39%

Schools & Community

Elementary school: 

Oceanlake

Middle school: 

Taft

High school: 

Taft

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

$272,051
Asking price
$399,000
Closing costs (~8% of asking)
-$31,920
Est. remaining loan balance
-$95,029
Cash to seller
$272,051

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

Seller’s Loan History

Lender

Quicken Loans Inc

Loan start date

July 2020

Original loan amount

$104,200

Est. remaining balance

$95,029

Interest rate

3.24%

Loan type

New Conventional, 30 year

Seller

Robert Lynch Jr

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: 09/18/2024 at 6:50 PM

Listing updated: 09/10/2024 at 1:36 PM

Listed by: Shelli Neal, Realty One Group At The Beach Phone #: (503) 881-2313

MLS: PortlandOR #24180622

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