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$575,000

Beds
3
Baths
2.0
sq ft
1,907

1638 Orchard St, Eugene, OR 97403

1638 Orchard St

Eugene, OR 97403

  • 189 days on market
    • Price drop $24,000↓
Great investment property walkable to the University of Oregon, Matthew Knight Arena, restaurants, and shopping. Solid, consistent rental history. Two additional basement bedrooms. Currently leased until 8/31/2025 for $3495/month. Large storage structure off of alley access in back could be remodeled or used as placeholder for possible ADU. Check out Matterport video tour of floor plan.

Details

Property type

Single Family Residence

Est. home value

$603,444

Lot size

7,840 sq ft

Price per sq ft

$302

Year built

1925

Annual property taxes

$5,662.84

Price History

07/16/2024
PortlandOR

PortlandOR #24367424

Price change
$575,000
-4.01%
05/10/2024
PortlandOR

PortlandOR #24367424

Listed
$599,000
05/03/2024
PortlandOR

PortlandOR #24367424

Pending
$599,000

Schools & Community

Neighborhood: 

Fairmount

Elementary school: 

Edison

Middle school: 

Roosevelt

High school: 

South Eugene

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

$274,878
Asking price
$575,000
Closing costs (~8% of asking)
-$46,000
Est. remaining loan balance
-$254,122
Cash to seller
$274,878

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

Seller’s Loan History

Lender

Mortgage Express Llc

Loan start date

May 2020

Original loan amount

$280,000

Est. remaining balance

$254,122

Interest rate

3.33%

Loan type

New Conventional, 30 year

Seller

George Mcmurray

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: 11/05/2024 at 3:35 AM

Listing updated: 10/16/2024 at 2:33 PM

Listed by: Catherine Tibbitts, ICON Real Estate Group Phone #: (541) 915-2080

MLS: PortlandOR #24367424

PortlandOR logo

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