tomo logo

$1,800,000

Beds
7
Baths
7.5
sq ft
9,052

15990 SW 133rd Ave, Portland, OR 97224

15990 SW 133rd Ave

Portland, OR 97224

  • 207 days on market
The expansive 9,052 square foot existing home is a work in process and is set on a generous 1.5-acre lot. This is a property brimming with potential and unique features. Tall fir trees and a territorial view signal a stately presence. It stands as an exceptional opportunity for investors, developers, or families looking for a substantial wealth building project. With a past proposal for seven additional subdividable buildable lots, this property is not just a home but a potential development goldmine. Care Home/Multigenerational Housing Opportunity: The layout and size make it suitable for conversion into a care home, subject to necessary permissions. Elevator Shaft: An existing shaft to connect all three levels, enhancing accessibility and adding a touch of luxury or ADA support. There is Ample Parking, inside and out. The current bed/bath count is 7/7.1, and As-Built Plans are available. Seller has an open application to add two ~4,000 sq ft triplexes to this land. Ask your broker for our documents on this, and for a showing!

Details

Property type

Single Family Residence

Est. home value

$763,157

Property condition

Fixer

Lot size

1.5 acres

Price per sq ft

$199

Year built

2006

Annual property taxes

$3,779.23

Price History

07/01/2024
PortlandOR

PortlandOR #23606805

Removed
$1,800,000
06/26/2024
PortlandOR

PortlandOR #23606805

Listed
$1,800,000
06/22/2024
PortlandOR

PortlandOR #23606805

Price change
$1,800,000
+20%

Schools & Community

Elementary school: 

Deer Creek

Middle school: 

Twality

High school: 

Tualatin

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

$1,586,421
Asking price
$1,800,000
Closing costs (~8% of asking)
-$144,000
Est. remaining loan balance
-$69,579
Cash to seller
$1,586,421

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

Seller’s Loan History

Lender

Kenneth L Carlson Etal

Loan start date

November 2022

Original loan amount

$317,000

Est. remaining balance

$69,579

Interest rate

6.7%

Loan type

New Conventional, 2 year

Seller

Navidi Investments Llc

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: 07/07/2024 at 1:20 PM

Listing updated: 07/01/2024 at 1:21 PM

Listed by: Eric Squires, All Professionals Real Estate Phone #: (503) 259-2100

MLS: PortlandOR #23606805

PortlandOR logo

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