tomo logo

$449,900

Beds
4
Baths
3.0
sq ft
1,989

2495 Mountain Ter, Eugene, OR 97408

2495 Mountain Ter

Eugene, OR 97408

  • Pending
    • Price drop $10,000↓
Hey parents, do you have U of O kids???? Have you considered purchasing a newer home that could be rented out to students to pay for the mortgage AND your son or daughter's housing cost? I've done it for mine. After graduation, I simply sold if for a profit and my daughter's housing cost was free. The four bedrooms in this home are large sized AND with 3 bathrooms, everyone is happy! The home has been well maintained and comes with front lawn care. As an extra feature, EXTRA corner parking is available as well as the two car garage allowing for ALL four students to have easy parking. The 1989 square ft home comes equipped with gas appliances, high ceilings, granite eating bar, and much more. The home is located just blocks from Costco, shopping and restaurant areas and just minutes to the University. Easy access to Belt Line makes for quick travel to basically any portion of the city. An investment like this doesn't come along often that fits so many boxes. Of course, you don't HAVE to have a student going to the University. You can purchase it simply because it is a great home with a great value!

Details

Property type

Single Family Residence

Est. home value

$501,203

Lot size

3,484 sq ft

Price per sq ft

$227

Year built

2005

Annual property taxes

$5,701.76

Monthly HOA fee

$55.67

Price History

10/31/2024
PortlandOR

PortlandOR #24007013

Pending
$449,900
10/25/2024
PortlandOR

PortlandOR #24007013

Price change
$449,900
-2.17%
10/01/2024
PortlandOR

PortlandOR #24007013

Price change
$459,900
-3.18%

Schools & Community

Neighborhood: 

Cal Young

Elementary school: 

Gilham

Middle school: 

Cal Young

High school: 

Sheldon

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

-$37,995
Asking price
$449,900
Closing costs (~8% of asking)
-$35,992
Est. remaining loan balance
-$451,903
Cash to seller
-$37,995

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

Seller’s Loan History

Lender

Nova Financial & Investment Corp

Loan start date

February 2023

Original loan amount

$461,487

Est. remaining balance

$451,903

Interest rate

6.31%

Loan type

FHA, 30 year

Seller

William Barrett Brewer and Stephanie Brewer

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: Pending/Under Contract

Tomo last checked: 11/05/2024 at 3:40 AM

Listing updated: 10/31/2024 at 8:42 AM

Listed by: Gary Raze, RE/MAX Integrity Phone #: (541) 345-8100

MLS: PortlandOR #24007013

PortlandOR logo

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