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$650,000

Beds
3
Baths
3.0
sq ft
2,437

2200 E Madison Ave, Cottage Grove, OR 97424

2200 E Madison Ave

Cottage Grove, OR 97424

  • 86 days on market
    • Price drop $45,000↓
PRICE IMPROVEMENT! Charming custom built home with stunning views! This beautifully built and maintained home offers the perfect blend of classic charm and modern convenience. The property features a stunning updated kitchen with high end appliances, elegant hickory cabinets, and unique black oak shelving crafted from trees from a local park. Enjoy cooking on your 11 knob ZLine gas stove and spreading out over the custom wood island in this very spacious kitchen. Throughout the Living Rm and hallways you'll find gorgeous wood floors that add warmth and character as well as fireplaces in both Living Rm and Family Rm. One being gas and the other wood. Storage galore both inside and out. Inside you will find plentiful closets and built ins. Outside the large shed off the carport, attached storage room to the house accessed from carport, and additional storage around the corner of the house by the shed. Enjoy the convenience of stick built carport that could be easily converted into a full garage. Step outside to take in breathtaking views over the city and the surrounding foothills, with a yard that offers both level ground and plenty of space for gardening. This home is a true gem, offering both privacy and proximity to all that the area has to offer. Brand new roof completed August 27, 2024

Details

Property type

Single Family Residence

Est. home value

$648,717

Lot size

3.24 acres

Price per sq ft

$267

Year built

1961

Annual property taxes

$7,156.62

Price History

11/13/2024
PortlandOR

PortlandOR #24525541

Price change
$650,000
-6.47%
08/29/2024
PortlandOR

PortlandOR #24525541

Listed
$695,000
+20.87%
04/22/2021
PortlandOR

PortlandOR #21185865

Sold
$575,000
+109.09%

Schools & Community

Elementary school: 

Harrison

Middle school: 

Lincoln

High school: 

Cottage Grove

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

$174,843
Asking price
$650,000
Closing costs (~8% of asking)
-$52,000
Est. remaining loan balance
-$423,157
Cash to seller
$174,843

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

Seller’s Loan History

Lender

Oregon Community Cu

Loan start date

April 2021

Original loan amount

$460,000

Est. remaining balance

$423,157

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Gregory W Ledbetter and Yvonne M Ledbetter

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: 11/22/2024 at 7:40 PM

Listing updated: 11/19/2024 at 2:04 AM

Listed by: Jami Myers, Triple Oaks Realty LLC Phone #: (541) 636-3666

MLS: PortlandOR #24525541

PortlandOR logo

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