tomo logo

$915,000

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

  • 162 days on market
    • Price drop $10,000↓
PRICE IMPROVEMENT! Welcome to the epitome of luxury living in the heart of the city! This vintage farmhouse blends classic charm with modern elegance. A European inspired interior meets original farmhouse charm. The interior has been meticulously remodeled. The kitchen is a chef's dream with brass details, marble countertops and hand carved Moroccan tile flooring. Enjoy morning coffee from the built in coffee bar aside the wood stove. The full basement is a money making airbnb. Zoned RA & has been a functioning farm stand. Be sure to check attached docs for list of home's updates & past inspection report.

Details

Property type

Single Family Residence

Est. home value

$731,385

Property condition

Updated/Remodeled

Lot size

0.82 acres

Price per sq ft

$224

Year built

1870

Annual property taxes

$7,579.29

Price History

04/28/2024
PortlandOR

PortlandOR #24324568

Price change
$915,000
-1.08%
04/16/2024
PortlandOR

PortlandOR #24324568

Price change
$925,000
-2.63%
01/25/2024
PortlandOR

PortlandOR #24324568

Listed
$950,000
+73.67%

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

$354,439
Asking price
$915,000
Closing costs (~8% of asking)
-$73,200
Est. remaining loan balance
-$487,361
Cash to seller
$354,439

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

$487,361

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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Status: Active

Tomo last checked: 07/04/2024 at 8:00 PM

Listing updated: 05/31/2024 at 1:20 AM

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

MLS: PortlandOR #24324568

PortlandOR logo

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