tomo logo

$775,000

Beds
4
Baths
3.5
sq ft
3,984

206 NE 10th St, Mcminnville, OR 97128

206 NE 10th St

McMinnville, OR 97128

  • 20 days on market
Popular Vacation rental-within walking distance to many restaurant choices and McMinnville's famous tourist district. Award-winning restored Victorian (by Cellar Ridge Construction) offers 4 bedrooms and 3.5 baths. The spacious floorplan with two living rooms (plus a formal dining room) has the potential flexibility for a 5th sleeping room with bath access on main floor, for increased revenue. The Carriage House (labeled as the Great Room in photos) has use of a half bath and provides recreation and gathering space for guests, a unique feature. Hook-up for a 2nd set of laundry equipment in the basement, which also has an exterior access convenient to the Carriage House. Solar panels on the Carriage House reduce utility costs. Great exposure makes this a prime investment property. Zoning also allows retail, professional office, multi-family and owner-occupied mixed uses, all subject to building and parking requirements. Ask your broker for the developer packet with demographics, zoning, maps and floorplans attached. Current use is permitted by zoning. This property is not subject to conditional use permit requirements for STRs. Buyer to do all due diligence necessary for intended use. Fixtures included, furniture and inventory negotiable. Financials available with acceptable offer.

Details

Property type

Single Family Residence

Est. home value

$741,346

Property condition

Updated/Remodeled

Lot size

5,662 sq ft

Price per sq ft

$195

Year built

1894

Annual property taxes

$7,108.82

Price History

12/03/2024
PortlandOR

PortlandOR #24292929

Listed
$775,000
+10.71%
10/08/2021
PortlandOR

PortlandOR #21057238

Sold
$700,000
+263.64%
08/15/2014
PortlandOR

PortlandOR #14234017

Sold
$192,500

Schools & Community

Elementary school: 

Memorial

Middle school: 

Patton

High school: 

McMinnville

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

$224,655
Asking price
$775,000
Closing costs (~8% of asking)
-$62,000
Est. remaining loan balance
-$488,345
Cash to seller
$224,655

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

Seller’s Loan History

Lender

Pacific Residential Mortgage Llc

Loan start date

October 2021

Original loan amount

$525,000

Est. remaining balance

$488,345

Interest rate

2.86%

Loan type

New Conventional, 30 year

Seller

Glenn A Aby and Janelle L Aby

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: 12/22/2024 at 10:50 PM

Listing updated: 12/10/2024 at 4:43 AM

Listed by: Dahe Good, Good Land Company Phone #: (971) 219-1344

MLS: PortlandOR #24292929

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