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$1,425,000

Beds
3
Baths
3.0
sq ft
2,663

2525 SW Hillcrest Dr, Portland, OR 97201

2525 SW Hillcrest Dr

Portland, OR 97201

  • 117 days on market
    • Price drop $25,000↓
Italian Riviera-inspired masterpiece in Portland Heights boasts a pristine 2 bed, 2 bath in the main house, and 1 bed, 1 bath luxe guest house, separated by a grand, hardscaped terrace that is private with mature landscaping. Columned portico entry, custom finishes, high ceilings, gourmet kitchen w/ quartz, high-end appliances and territorial views. Natural light flows through French doors. Owner's suite with fireplace & spa-like bath and walk in closet. Wonderful condo Alternative w/space for visitors or additional income. Plus a 2 car garage with EV charger. Just 1/3 mile to Vista Spring Cafe and close to Council Crest Park, OHSU, downtown, NW alphabet district, hwy 26, intel, Nike and high tech corridor. Need a loan? The seller has a transferable 30 year loan with Chase bank at 2.865% on a 707,000 loan that the buyer can take over (90 day process).

Details

Property type

Single Family Residence

Est. home value

$1,524,086

Lot size

8,712 sq ft

Price per sq ft

$536

Year built

1951

Annual property taxes

$23,687.48

Price History

10/17/2024
PortlandOR

PortlandOR #24137740

Price change
$1,425,000
-1.72%
10/07/2024
PortlandOR

PortlandOR #24137740

Removed
$1,450,000
09/29/2024
PortlandOR

PortlandOR #24137740

Listed
$1,450,000

Schools & Community

Neighborhood: 

Southwest Hills

Elementary school: 

Ainsworth

Middle school: 

West Sylvan

High school: 

Lincoln

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

$607,940
Asking price
$1,425,000
Closing costs (~8% of asking)
-$114,000
Est. remaining loan balance
-$703,060
Cash to seller
$607,940

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

November 2021

Original loan amount

$750,000

Est. remaining balance

$703,060

Interest rate

3.01%

Loan type

New Conventional, 30 year

Seller

Glyn Davies and Judith Davies

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: 11/05/2024 at 6:50 AM

Listing updated: 10/20/2024 at 5:16 PM

Listed by: Drew McCulloch, Windermere Realty Trust Phone #: (503) 220-1144

MLS: PortlandOR #24137740

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