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$550,000

Beds
4
Baths
3.0
sq ft
2,462

1925 NE 118th Ave, Portland, OR 97220

1925 NE 118th Ave

Portland, OR 97220

  • 31 days on market
Spacious retreat in NE Portland! With its expansive layout and 1/4 acre lot, this residence offers boundless potential for comfortable living and outdoor enjoyment. The home is well-maintained and ready for fresh cosmetic personalization and modernization. Hardwood floors throughout add a touch of warmth and complement the original character of the home. You'll find two bedrooms and a bathroom on the main level with an additional bed and bath upstairs along with a large bonus room that could be used as a primary bedroom. The finished basement offers endless opportunity to fit your lifestyle needs - the ultimate media room, an additional bedroom, home office, or gym. The 1/4 acre level lot has been beautifully maintained and provides a blank canvas for outdoor enthusiasts, featuring a large shed, expansive yard, covered patio perfect for year-round enjoyment, and a greenhouse. Nestled in NE Portland, the Parkrose Heights neighborhood exudes a distinct charm that blends urban convenience with suburban tranquility. Residents cherish the community atmosphere and nearby amenities, from the sprawling green spaces of Knott Park to eclectic dining options. With its convenient proximity to major roads and freeways, Parkrose Heights offers both a peaceful retreat and easy access to bustling city life, making it a sought-after destination for anyone seeking a balanced urban lifestyle.

Details

Property type

Single Family Residence

Est. home value

$526,813

Lot size

0.25 acres

Price per sq ft

$224

Year built

1950

Annual property taxes

$6,220.11

Price History

05/02/2024
PortlandOR

PortlandOR #24041914

Listed
$550,000

Schools & Community

Neighborhood: 

Parkrose Heights

Elementary school: 

Sacramento

Middle school: 

Parkrose

High school: 

Parkrose

Tracey, Home Search Advisor
Tracey
Home Search Advisor

How can I help? Hi, I’m Tracey, your real estate expert. Send me your questions about this listing or about shopping for homes.

Response time: 20 min or less

or text or call (404) 738-5385

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

$265,604
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$240,396
Cash to seller
$265,604

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

Seller’s Loan History

Lender

Unitus Community Cu

Loan start date

July 2020

Original loan amount

$308,000

Est. remaining balance

$240,396

Interest rate

2.62%

Loan type

New Conventional, 15 year

Seller

Tamara L Moland

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: 06/02/2024 at 1:50 PM

Listing updated: 05/07/2024 at 1:51 PM

Listed by: Victoria Buck, Stellar Realty Northwest Phone #: (503) 265-8153

MLS: PortlandOR #24041914

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