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$1,100,000

Beds
3
Baths
2.0
sq ft
Unknown

185 Ferndale Dr, Eugene, OR 97404

185 Ferndale Dr

Eugene, OR 97404

  • 11 days on market
Investment opportunity! Unlock the potential of this prime investment property! This 3-bedroom, 2-bathroom home offers 1,138 sqft of living space, set on a 0.93-acre lot that has already been subdivided into 4 separate parcels. The home occupies one lot, while the other three vacant lots are city-approved and primed for developmentā€”making this a rare and lucrative opportunity for investors and developers.

Details

Property type

Single Family Residence

Est. home value

$611,008

Lot size

0.93 acres

Price per sq ft

Unknown

Year built

1912

Annual property taxes

$3,336.98

HOA

No

Price History

01/10/2025
PortlandOR

PortlandOR #380366003

Listed
$1,100,000
+73.23%
08/08/2023
PortlandOR

PortlandOR #23187752

Sold
$635,000

Schools & Community

Neighborhood:Ā 

Santa Clara

Elementary school:Ā 

Spring Creek

Middle school:Ā 

Madison

High school:Ā 

North 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

$421,861
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$590,139
Cash to seller
$421,861

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

Sellerā€™s Loan History

Lender

Newrez Llc

Loan start date

March 2023

Original loan amount

$603,250

Est. remaining balance

$590,139

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Joseph Castleton

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: 01/21/2025 at 8:25 PM

Listing updated: 01/10/2025 at 11:01 AM

Listed by: Anna Billeaudeaux, Harcourts West Real Estate Phone #:Ā (541) 654-4236

MLS: PortlandOR #380366003

PortlandOR logo

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