tomo logo

$950,000

Beds
5
Baths
3.5
sq ft
4,538

2839 NE Hoyt St, Portland, OR 97232

2839 NE Hoyt St

Portland, OR 97232

  • 62 days on market
    • Price drop $15,000↓
Classic Portland four-square w second living space in super-hot Restaurant Row! Has restored original woodwork & boxbeam ceilings. Fully fenced yard is atypically large for this central location, with spa, native plants, and room for annual veggies. Around the corner is a 3 acre park w playground, basketball court, picnic area & play spot for doggos! Main house has 5BR/2.5BA+ main floor has spacious room w closet & library wall. Full head height basement for plenty of storage. Finished ADU has its own street-level entrance, kitchenette, full bath & bed - would make a great rental or that live/work life. Multi-generational living,mother in law unit, or supplemental rental income! Updates include newer roof, newer HVAC, on-demand hot water heater,seismic retrot, trex decking & more. Fabulous location - block away from some of the most beloved restaurants, theater, bars &shops in all of PDX.

Details

Property type

Single Family Residence

Est. home value

$1,111,175

Lot size

5,227 sq ft

Price per sq ft

$210

Year built

1903

Annual property taxes

$8,355.86

Price History

09/25/2024
PortlandOR

PortlandOR #24314356

Price change
$950,000
-1.55%
09/04/2024
PortlandOR

PortlandOR #24314356

Listed
$965,000
+6.98%
02/18/2021
PortlandOR

PortlandOR #20254008

Sold
$902,000

Schools & Community

Neighborhood: 

Kerns

Elementary school: 

Buckman

Middle school: 

Hosford

High school: 

Cleveland

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

$371,928
Asking price
$950,000
Closing costs (~8% of asking)
-$76,000
Est. remaining loan balance
-$502,072
Cash to seller
$371,928

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

Seller’s Loan History

Lender

Cherry Creek Mortgage Co Inc

Loan start date

February 2021

Original loan amount

$548,000

Est. remaining balance

$502,072

Interest rate

2.67%

Loan type

New Conventional, 30 year

Seller

Alec Finnell and Kelly Novahom

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 8:45 AM

Listing updated: 10/01/2024 at 12:49 PM

Listed by: Sean Brochin, Portlandia Properties, LLC Phone #: (503) 282-5572

MLS: PortlandOR #24314356

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