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$899,000

Beds
4
Baths
3.5
sq ft
4,097

1417 Orchard Heights Rd NW, Salem, OR 97304

1417 Orchard Heights Rd NW

Salem, OR 97304

  • 78 days on market
    • Price drop $51,000↓
Price improvement!! Welcome to your European inspired homestead just moments away from city conveniences. This 1870’s farmhouse incorporates contemporary design with original character. The interior has been thoughtfully updated with brass details, new gas line and stove, marble countertops and hand carved tile flooring in the kitchen. Cozy up to the certified woodstove or fireplace through the rainy seasons. The full basement is a Superhost Airbnb with kitchenette and private entrance. The vegetable garden, quince and cherry trees, treehouse and a farmstand on almost an acre make this the perfect farmette. Huge shop/ 2 car and RV garage combo with three separate spaces!

Details

Property type

Single Family Residence

Est. home value

$731,385

Lot size

0.82 acres

Price per sq ft

$220

Year built

1870

Annual property taxes

$7,579.29

Price History

09/17/2024
PortlandOR

PortlandOR #24461537

Price change
$899,000
-5.37%
09/05/2024
PortlandOR

PortlandOR #24461537

Listed
$950,000
+3.83%
07/22/2024
PortlandOR

PortlandOR #24324568

Removed
$915,000

Schools & Community

Neighborhood: 

West Salem

Elementary school: 

Harritt

Middle school: 

Walker

High school: 

West 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

$344,965
Asking price
$899,000
Closing costs (~8% of asking)
-$71,920
Est. remaining loan balance
-$482,115
Cash to seller
$344,965

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

Seller’s Loan History

Lender

Guild Mortgage Co

Loan start date

January 2021

Original loan amount

$528,224

Est. remaining balance

$482,115

Interest rate

2.71%

Loan type

VA, 30 year

Seller

Robert William Lauer and Kayla Borgen

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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2174 38th Ave NW, Salem, OR 97304

Status: Active

Tomo last checked: 11/21/2024 at 9:55 PM

Listing updated: 09/23/2024 at 4:22 PM

Listed by: Felicia Cobb, Realty One Group Willamette Valley Phone #: (503) 881-2313

MLS: PortlandOR #24461537

PortlandOR logo

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