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$1,195,000

Beds
3
Baths
2.0
sq ft
2,436

1500 SW 5th Ave Unit 1101, Portland, OR 97201

1500 SW 5th Ave Unit 1101

Portland, OR 97201

  • 86 days on market
    • Price drop $55,000↓
Unparalleled sophisticated living! Nestled on the 11th floor of the prestigious Portland Plaza tower, this stunning residence offers the epitome of city living with breathtaking panoramic views of downtown Portland. Step into luxury with this spacious condo featuring three bedrooms and two bathrooms, designed to provide comfort and style. Imagine waking up to the stunning skyline views from your primary suite and enjoying morning coffee overlooking the city. Centrally located, you'll have everything at your fingertips, from renowned dining and entertainment options to vibrant cultural attractions. Whether you're exploring the city or enjoying the tranquility of your own home, convenience is key. But the perks don't stop there. This exclusive building boasts an array of amenities to enhance your lifestyle, including a sparkling pool to cool off on hot summer days, a fitness center to stay active, a dedicated lounge/conference space perfect for entertaining guests, and a serene library for quiet relaxation. Security is a top priority with a security desk providing peace of mind, along with two designated garage parking spaces ensuring hassle-free parking in the bustling city center. Don't miss the opportunity to make this your new home and experience the best of Portland living. Schedule your viewing today and prepare to be captivated by the allure of urban luxury.

Details

Property type

Condominium

Est. home value

$1,200,748

Lot size

Unknown

Price per sq ft

$491

Year built

1973

Annual property taxes

$17,849.65

Monthly HOA fee

$1,810

Price History

06/18/2024
PortlandOR

PortlandOR #24090959

Price change
$1,195,000
-4.4%
04/10/2024
PortlandOR

PortlandOR #24090959

Listed
$1,250,000
04/09/2024
PortlandOR

PortlandOR #24061745

Removed
$1,250,000

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

$74,929
Asking price
$1,195,000
Closing costs (~8% of asking)
-$95,600
Est. remaining loan balance
-$1,024,471
Cash to seller
$74,929

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

February 2020

Original loan amount

$1,120,000

Est. remaining balance

$1,024,471

Interest rate

3.72%

Loan type

New Conventional, 30 year

Seller

Leo Lapin

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 8:30 PM

Listing updated: 06/18/2024 at 10:13 AM

Listed by: Caitlin Terry, Chastel Real Estate Phone #: (503) 210-1818

MLS: PortlandOR #24090959

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