tomo logo

$185,000

Beds
1
Baths
1.0
sq ft
448

1829 NW Lovejoy St Unit 110, Portland, OR 97209

1829 NW Lovejoy St Unit 110

Portland, OR 97209

  • 62 days on market
Located within the historic Royal Arms Condominium in The Alphabet District, this unit boasts a prime location. It’s just a few blocks from The Pearl District, Slabtown, Nob Hill, NW 21st and 23rd Avenue, Good Samaritan Hospital, and more. Discover the perfect blend of comfort and functionality in this beautifully designed space. The main living area has new vinyl flooring, creating an open and inviting atmosphere ideal for unwinding and eating meals. With newer stainless steel appliances, a tile counter and plenty of cabinet space, the kitchen works well in a smaller space. The sleek bathroom features a stylish shower with a tile backsplash and detailed tile flooring. The bedroom has vinyl flooring and a practical closet organizer. Just outside the building, you'll find a variety of restaurants, coffee shops, bars, breweries, and parks. The property is conveniently accessible via the streetcar line and several bus routes, eliminating the need for a car, although paid parking is available on the side of the building. Situated on the ground floor, this unit offers easy, step-free access for entering and exiting. It exemplifies comfort and convenience. Additionally, with no rental cap in place, it presents an excellent investment opportunity for mid- to long-term rentals.

Details

Property type

Condominium

Est. home value

$166,035

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$413

Year built

1915

Annual property taxes

$2,785.84

Monthly HOA fee

$537

Price History

09/05/2024
PortlandOR

PortlandOR #24576959

Listed
$185,000
+2.78%
01/31/2022
PortlandOR

PortlandOR #21484348

Sold
$180,000
-20.35%
05/10/2016
PortlandOR

PortlandOR #16328185

Sold
$226,000
+25.56%

Schools & Community

Neighborhood: 

Northwest

Elementary school: 

Chapman

Middle school: 

West Sylvan

High school: 

Lincoln

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

$43,282
Asking price
$185,000
Closing costs (~8% of asking)
-$14,800
Est. remaining loan balance
-$126,918
Cash to seller
$43,282

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

Seller’s Loan History

Lender

Guild Mortgage Co

Loan start date

January 2022

Original loan amount

$135,000

Est. remaining balance

$126,918

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Siming Chang and John Karl

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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1829 NW Lovejoy St Unit 111, Portland, OR 97209

Status: Active

Tomo last checked: 11/05/2024 at 5:25 PM

Listing updated: 10/25/2024 at 2:29 PM

Listed by: David McGrew, John L. Scott Portland Central Phone #: (503) 230-8600

MLS: PortlandOR #24576959

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