tomo logo

$349,000

Beds
1
Baths
1.5
sq ft
Unknown

1500 SW 11th Ave Unit 507, Portland, OR 97201

1500 SW 11th Ave Unit 507

Portland, OR 97201

  • 36 days on market
Nestled in the heart of the Cultural District, this fabulous corner unit features two walls of windows with lovely southeast-facing views. The covered private balcony overlooks the tree line of nearby parks offering the perfect all-season outdoor entertaining space. Features include bamboo hardwood floors, an open kitchen with stainless appliances, gym and social amenities, and convenient deeded parking and storage. Enjoy city living with easy Streetcar access while being just steps from the beloved PSU Farmer's Market, Portland Art Museum, ONSU, and a variety of restaurants and shopping options. Commuting is a breeze with nearby freeway access to Nike and Intel. An exceptionally managed HOA along with its unmet rental cap make the Benson Tower the perfect option for homeowners and investors alike.

Details

Property type

Condominium

Est. home value

$364,149

Lot size

Unknown

Price per sq ft

Unknown

Year built

2006

Annual property taxes

$5,582.06

Monthly HOA fee

$629

Price History

01/17/2025
PortlandOR

PortlandOR #24202432

Removed
$350,000
+0.29%
01/17/2025
PortlandOR

PortlandOR #591984876

Listed
$349,000
-0.29%
11/03/2024
PortlandOR

PortlandOR #24202432

Price change
$350,000
-5.15%

Schools & Community

Neighborhood: 

Downtown

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

$63,016
Asking price
$349,000
Closing costs (~8% of asking)
-$27,920
Est. remaining loan balance
-$258,064
Cash to seller
$63,016

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

November 2019

Original loan amount

$288,750

Est. remaining balance

$258,064

Interest rate

3.65%

Loan type

New Conventional, 30 year

Seller

Jing Ma and Laixi Yang

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: 02/22/2025 at 8:55 AM

Listing updated: 01/21/2025 at 1:54 PM

Listed by: Sara Clark, The Agency Portland Phone #: (503) 297-2000

MLS: PortlandOR #591984876

PortlandOR logo

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