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$475,000

Beds
3
Baths
2.0
sq ft
1,490

1685 Cambridge Dr SE, Salem, OR 97302

1685 Cambridge Dr SE

Salem, OR 97302

  • Pending
Explore this inviting 3-bedroom, 2-bathroom home located on a desirable corner lot in a sought-after neighborhood. The home boasts a thoughtfully designed layout with spacious, well-sized rooms and recent updates that offer comfortable living. The fully fenced backyard provides privacy, while the entire yard—front and back—is equipped with a convenient sprinkler system. Enjoy access to a nearby member-owned neighborhood pool, with the potential for new owners to join. This property combines livable design with an ideal location, making it a must-see!

Details

Property type

Single Family Residence

Est. home value

$458,024

Lot size

7,405 sq ft

Price per sq ft

$319

Year built

1988

Annual property taxes

$5,421.53

Price History

09/08/2024
PortlandOR

PortlandOR #24501085

Pending
$475,000
09/05/2024
PortlandOR

PortlandOR #24501085

Listed
$475,000
+5.58%
06/02/2022
PortlandOR

PortlandOR #22143363

Sold
$449,900

Schools & Community

Neighborhood: 

Morningside

Elementary school: 

Pringle

Middle school: 

Judson

High school: 

South Salem

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

$111,136
Asking price
$475,000
Closing costs (~8% of asking)
-$38,000
Est. remaining loan balance
-$325,864
Cash to seller
$111,136

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

Seller’s Loan History

Lender

Onpoint Community Cu

Loan start date

June 2022

Original loan amount

$337,425

Est. remaining balance

$325,864

Interest rate

5%

Loan type

New Conventional, 30 year

Seller

Jesse Gerig Heyerly and Adrienne Gerig Heyerly

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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Price drop
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467 Browning Av SE, Salem, OR 97302

Status: Pending/Under Contract

Tomo last checked: 09/16/2024 at 12:00 PM

Listing updated: 09/13/2024 at 6:29 PM

Listed by: Frank Howard, Equity Oregon Real Estate Phone #: (503) 266-3657

MLS: PortlandOR #24501085

PortlandOR logo

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