tomo logo

$799,000

Beds
3
Baths
2.5
sq ft
Unknown

2612 SE Madison St, Portland, OR 97214

2612 SE Madison St

Portland, OR 97214

  • 136 days on market
    • Price drop $26,000↓
Calling all house hackers and high density enthusiasts! Come live in one of the most walkable neighborhoods! Discover the classic charm and modern luxury of this meticulously maintained 1906 Craftsman gem on a rare double-sized lot in the heart of Portland's vibrant Hawthorne and Buckman neighborhoods. Major systems upgrades and a comprehensive remodel were completed in 2022, including new Milgard windows, a new roof, a 96% HE furnace, AC, and a tankless water heater. Step inside to find refinished hardwood floors on the main level, where the kitchen is a chef’s dream with solid hardwood soft-close cabinets, quartz countertops, a 6-burner gas stove, and new stainless steel appliances. Enjoy direct access from the kitchen to the backyard for alfresco dining on the porch or in the beautifully landscaped garden featuring a south-facing greenhouse, raised garden beds, and a grape arbor. The spacious outdoor area presents a unique opportunity for higher density housing, given its size and zoning potential. The finished lower level, with a separate exterior entrance, offers a spacious bonus room, guest room, and private bath, ideal for guests or as an in-law suite. This space holds the potential for transformation into an ADU, perfect for house hacking. The home features off-street parking for two cars, leading to a covered side porch with an entry door. You'll have easy access to the trendy restaurants, bars, coffee shops, and parks on both Hawthorne and Division. Nearby parks include Sewallcrest City Park, Col Summers City Park, and Sunnyside School Park. Located just one block north of SE Hawthorne, this home offers the perfect blend of classic craftsmanship, modern updates, and investment potential. Don’t miss the opportunity to reside in one of Portland’s most vibrant communities!

Details

Property type

Single Family Residence

Est. home value

$756,729

Property condition

Updated/Remodeled

Lot size

6,534 sq ft

Price per sq ft

Unknown

Year built

1906

Annual property taxes

$7,765.73

HOA

No

Price History

01/30/2025
PortlandOR

PortlandOR #24516381

Price change
$799,000
-3.15%
10/09/2024
PortlandOR

PortlandOR #24516381

Listed
$825,000
+94.12%
10/15/2019
PortlandOR

PortlandOR #19142655

Sold
$425,000

Schools & Community

Neighborhood: 

Buckman

Elementary school: 

Sunnyside Env

Middle school: 

Sunnyside Env

High school: 

Franklin

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

$390,978
Asking price
$799,000
Closing costs (~8% of asking)
-$63,920
Est. remaining loan balance
-$344,102
Cash to seller
$390,978

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

Seller’s Loan History

Lender

Key Bank Na

Loan start date

August 2022

Original loan amount

$356,000

Est. remaining balance

$344,102

Interest rate

5.78%

Loan type

New Conventional, 30 year

Seller

Dong Choel Lim

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: 02/22/2025 at 9:15 AM

Listing updated: 02/13/2025 at 5:54 PM

Listed by: Mark Scholz, Keller Williams Realty Portland Premiere Phone #: (503) 597-2444

MLS: PortlandOR #24516381

PortlandOR logo

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