tomo logo

$1,538,000

Beds
4
Baths
3.5
sq ft
Unknown

1587 SW Walters Loop, Gresham, OR 97080

1587 SW Walters Loop

Gresham, OR 97080

  • 16 days on market
This stunning 5540 SqFt 4-bedroom, 3.5-bath home offers both luxury and functionality, perfect for those who appreciate the finer details and spacious living. The primary suite is an absolute retreat, featuring a huge bathroom with a walk-in shower, jacuzzi tub, and a fireplace and sweeping views from the attached balcony, offering the perfect place to unwind. The formal dining room is ideal for elegant gatherings, while the office, complete with built-in bookcases and desk, provides a quiet space for work or study. The formal living room showcases picturesque views that will leave you speechless. The kitchen is a chef’s dream, with an oversized island, gorgeous granite countertops, and beautiful wood cabinetry that highlights the attention to detail. The family room, with its own fireplace, provides a casual space for relaxation, and the informal dining area offers easy access to the balcony, making outdoor meals a breeze. 2nd & 3rd bedrooms with spacious Jack and Jill bathroom. The lower level is a fantastic entertainment area, featuring a wet bar, media room, 4th bedroom, full bath, and a sauna—perfect for relaxing. Step outside to the covered back patio with stamped concrete, overlooking just under an acre of fully fenced property, providing privacy and plenty of space for outdoor activities. The 4-car garage ensures ample storage, while a separate gym allows you to stay active in the comfort of your own home. This home is built to last and offers an opportunity to live in luxury with a gorgeous setting that’s truly one of a kind.

Details

Property type

Single Family Residence

Est. home value

$1,033,628

Lot size

0.88 acres

Price per sq ft

Unknown

Year built

2005

Annual property taxes

$18,604.28

HOA

No

Price History

02/06/2025
PortlandOR

PortlandOR #179985947

Listed
$1,538,000
+85.3%
01/22/2021
PortlandOR

PortlandOR #20349696

Sold
$830,000

Schools & Community

Neighborhood: 

Gresham Butte

Elementary school: 

Hollydale

Middle school: 

Dexter McCarty

High school: 

Gresham

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

$917,865
Asking price
$1,538,000
Closing costs (~8% of asking)
-$123,040
Est. remaining loan balance
-$497,095
Cash to seller
$917,865

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

Seller’s Loan History

Lender

Prosperity Home Mortgage Llc

Loan start date

January 2021

Original loan amount

$548,250

Est. remaining balance

$497,095

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Thu Thap

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: 02/22/2025 at 11:30 AM

Listing updated: 02/07/2025 at 3:43 PM

Listed by: Gretchen Spring, RE/MAX Equity Group Phone #: (503) 653-0607

MLS: PortlandOR #179985947

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