tomo logo

$649,000

Beds
4
Baths
2.5
sq ft
3,057

1516 N Madison St, Lafayette, OR 97127

1516 N Madison St

Lafayette, OR 97127

  • Pending
Stunning home in highly desirable community that boasts a wealth of exceptional features that are sure to impress. The expansive kitchen features an island with eat-in bar, a large pantry, abundant cabinetry, and ample counter space for all your cooking needs. The kitchen opens to a cozy eat-in area with a sliding door to a covered patio, as well as a spacious family room with soaring ceilings, a gas fireplace, and large windows that flood the space with natural light. A formal dining room connect off the kitchen for easy entertaining, and the adjacent living room also enjoys large windows that brighten the space. The main floor primary suite boasts a walk-in closet, a luxurious jetted soaking tub, dual sinks, and a slider that leads to the backyard patio. For convenience, there are two laundry rooms—one on the main level and another upstairs. The upper level features a large loft area and three very spacious bedrooms, perfect for guests or family. The fully fenced backyard includes two patios, a drip and sprinkler system, a hot tub hookup, an Italian plum tree, and hood strawberries. The home also offers a massive three-car garage with built-in wood shelves for extra storage. New exterior paint and new carpet downstairs. A low monthly HOA fee grants access to the community fitness center and swimming pool, enhancing the neighborhood's appeal.

Details

Property type

Single Family Residence

Est. home value

$611,086

Lot size

7,405 sq ft

Price per sq ft

$213

Year built

2006

Annual property taxes

$4,937.45

Monthly HOA fee

$70

Price History

11/04/2024
PortlandOR

PortlandOR #24462813

Pending
$649,000
10/09/2024
PortlandOR

PortlandOR #24462813

Listed
$649,000
+44.54%
10/24/2019
PortlandOR

PortlandOR #19605148

Sold
$449,000

Schools & Community

Elementary school: 

Wascher

Middle school: 

Other

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

$410,256
Asking price
$649,000
Closing costs (~8% of asking)
-$51,920
Est. remaining loan balance
-$186,824
Cash to seller
$410,256

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

October 2021

Original loan amount

$200,000

Est. remaining balance

$186,824

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Rachelle Elizabeth Kammann

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: Pending/Under Contract

Tomo last checked: 11/05/2024 at 6:55 AM

Listing updated: 11/03/2024 at 10:42 PM

Listed by: Rachelle Kammann, Kevin Morris Realty Phone #: (503) 452-5400

MLS: PortlandOR #24462813

PortlandOR logo

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