tomo logo

$509,900

Beds
4
Baths
3.0
sq ft
1,866

1508 SW 2nd St, Mcminnville, OR 97128

1508 SW 2nd St

McMinnville, OR 97128

  • 1 day on market
Welcome home to charm and character with the feel of an English Cottage. This home is centrally located in McMinnville with a short distance to schools, the library and all the offerings of McMinnville's 3rd Street. The entry leads into the inviting living room which features laminate floors and a gas fireplace. A separate large formal dining room and a spacious kitchen will please the pickiest of chefs, featuring a pantry, wooden butcher block island and an abundance of cabinets and counter-top workspace. The laundry room is next to the kitchen with a door that leads out to the exterior's covered area. The main-level owner's suite has an attached bathroom with walk-in tiled shower, double sinks, walk-in closet and French Doors leading to a courtyard. The upstairs has two large bedrooms with an attached Jack and Jill bathroom. One of the upstairs bedrooms features an additional space that could be a playroom, TV room or an office. There is a detached 800 sq ft, 2-car garage with a shop space, plus additional parking in the driveway for an RV or a boat. The home has a newer roof, and a new heat-pump was installed 2024. This home has loads of inspirational possibilities!

Details

Property type

Single Family Residence

Est. home value

$459,827

Lot size

8,276 sq ft

Price per sq ft

$274

Year built

1937

Annual property taxes

$3,560.22

Price History

11/13/2024
PortlandOR

PortlandOR #24126987

Listed
$509,900
+27.47%
04/09/2021
PortlandOR

PortlandOR #21479201

Sold
$400,000

Schools & Community

Elementary school: 

Newby

Middle school: 

Duniway

High school: 

McMinnville

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

$121,052
Asking price
$509,900
Closing costs (~8% of asking)
-$40,792
Est. remaining loan balance
-$348,056
Cash to seller
$121,052

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

Seller’s Loan History

Lender

Academy Mortgage Corp

Loan start date

February 2021

Original loan amount

$380,000

Est. remaining balance

$348,056

Interest rate

2.65%

Loan type

New Conventional, 30 year

Seller

Troy Chambers and Caltin Chambers

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: 11/14/2024 at 8:00 AM

Listing updated: 11/13/2024 at 1:51 PM

Listed by: Beth Jacobsen, Windermere Pacific Crest Realty Phone #: (503) 474-1234

MLS: PortlandOR #24126987

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