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$189,500

Beds
1
Baths
1.0
sq ft
706

300 NW 8th Ave Unit 603, Portland, OR 97209

300 NW 8th Ave Unit 603

Portland, OR 97209

  • Pending
    • Price drop $10,000↓
**With this recent, significant price reduction, this property is now a SHORT SALE; all offers are subject to 3rd party approval. This is your opportunity to make the deal of a lifetime!** Lowest priced loft in the Pearl District! Live in the heart of historic Portland, surrounded by trees. This building is a stunning 1909 loft warehouse conversion located on the Parisian-like North Park Blocks. Features include; 10 ft. ceilings, prominent industrial architectural elements, huge Euro tilt & turn windows, city views, hardwood, tile, stainless appliances, washer/dryer, rooftop deck/BBQ & party room.*Walk Score 100/Bike Score 99!* Big changes are in store for the immediate area, exciting mixed-use, future development of adjacent post office property awaits with the Broadway Corridor plan.

Details

Property type

Condominium

Est. home value

$251,529

Lot size

Unknown

Price per sq ft

$269

Year built

1909

Annual property taxes

$5,279.16

Monthly HOA fee

$471

Price History

08/20/2024
PortlandOR

PortlandOR #23223595

Removed
$189,500
08/08/2024
PortlandOR

PortlandOR #23223595

Pending
$189,500
08/02/2024
PortlandOR

PortlandOR #23223595

Removed
$189,500

Schools & Community

Neighborhood: 

Pearl District

Elementary school: 

Chapman

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

-$45,974
Asking price
$189,500
Closing costs (~8% of asking)
-$15,160
Est. remaining loan balance
-$220,314
Cash to seller
-$45,974

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

Seller’s Loan History

Lender

Sierra Pacific Mortgage Co Inc

Loan start date

November 2016

Original loan amount

$266,000

Est. remaining balance

$220,314

Interest rate

3.42%

Loan type

New Conventional, 30 year

Seller

Lauren E Collins

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: 10/05/2024 at 7:25 PM

Listing updated: 10/03/2024 at 11:59 AM

Listed by: Josh Reiter, Josh Reiter Real Estate Phone #: (503) 706-1411

MLS: PortlandOR #23223595

PortlandOR logo

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