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$435,000

Beds
2
Baths
1.0
sq ft
Unknown

1420 NW Lovejoy St Unit 725, Portland, OR 97209

1420 NW Lovejoy St Unit 725

Portland, OR 97209

  • 19 days on market
Welcome to this exceptional top-floor penthouse in the historic Marshall Wells Lofts. As you step inside, you'll be greeted by an open floor plan with stunning 14' ceilings made from old-growth timber, all illuminated by abundant natural light streaming in from the courtyard. The unique cork flooring adds warmth and character to the space.This home has been thoughtfully updated since the building's conversion to condos in 2001, featuring sleek granite countertops in the kitchen, modern lighting, Shoji screens in one bedroom, and a spacious custom walk-in closet. The bathroom has also been remodeled for added convenience and style. Nearly all the kitchen appliances are brand new, enhancing the home's functionality. A versatile bonus space, currently used as a second bedroom, provides endless possibilities.Additionally, you'll enjoy the convenience of a deeded parking space and a generous 105-square-foot storage unit located near the parking stall on the second floor. All appliances, including the washer and dryer, are included. This is true loft-style living at its finest.The location is unbeatable, situated right on the streetcar line and just moments from Safeway. You'll also have easy access to an array of coffee shops, parks, restaurants, shopping, and entertainment in the vibrant Pearl District. According to Walk Score, this is a “Walker’s Paradise” with a score of 98, “Excellent Transit” with a score of 83, and a “Biker’s Paradise” with a score of 98.A bit of history about the building: Originally built in 1910, the structure was Warehouse #2 for the Marshall-Wells Hardware Company, a major wholesale distributor of hardware, saddlery, paints, and mining and railroad supplies. For a complete history of the building, please refer to the attachment in the listing.

Details

Property type

Condominium

Est. home value

$430,135

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

Unknown

Year built

1910

Annual property taxes

$7,169.94

Monthly HOA fee

$974

Price History

03/13/2025
PortlandOR

PortlandOR #568390588

Listed
$435,000
-1.14%
10/13/2021
PortlandOR

PortlandOR #21162249

Sold
$440,000
-5.38%
02/07/2018
PortlandOR

PortlandOR #17348669

Sold
$465,000

Schools & Community

Neighborhood: 

Pearl District

Elementary school: 

Chapman

Middle school: 

West Sylvan

High school: 

Lincoln

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

$6,010
Asking price
$435,000
Closing costs (~8% of asking)
-$34,800
Est. remaining loan balance
-$394,190
Cash to seller
$6,010

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

May 2023

Original loan amount

$402,800

Est. remaining balance

$394,190

Interest rate

6.42%

Loan type

New Conventional, 30 year

Seller

Benjamin Petersen and Cynthia Thrall

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?

Status: Active

Tomo last checked: 04/01/2025 at 3:40 PM

Listing updated: 03/31/2025 at 1:03 PM

Listed by: Ernest Cooper, Cooper Realty LLC Phone #: (503) 515-8426

MLS: PortlandOR #568390588

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