tomo logo

$499,000

Beds
2
Baths
2.0
sq ft
Unknown

306 NW 1st St, Enterprise, OR 97828

306 NW 1st St

Enterprise, OR 97828

  • 195 days on market
    • Price drop $26,000↓
• LOCATION: Zoned for short-term rentals and close to downtown Enterprise—appealing to both tourists and business travelers.• PROPERTY SETUP: Two separate units—one 1-bedroom, 1-bath and one studio with a bath. Versatile for renting one unit and living in the other, or renting both.• INCOME POTENTIAL: Good rental history, which suggests a reliable stream of income. The current cap rate of over 8% is a solid return on investment.• EXTRAS: Two-car garage, additional shed for storage, and space to park a boat and RV—offering convenience and added appeal for renters.• GROWTH POTENTIAL: The potential for increasing revenue is noted, through pricing, strategy, or upgrades.

Details

Property type

Single Family Residence

Est. home value

$340,295

Lot size

8,276 sq ft

Price per sq ft

Unknown

Year built

2008

Annual property taxes

$2,715.56

HOA

No

Price History

09/06/2024
PortlandOR

PortlandOR #24126292

Price change
$499,000
-4.95%
09/01/2024
PortlandOR

PortlandOR #24126292

Removed
$525,000
08/22/2024
PortlandOR

PortlandOR #24126292

Listed
$525,000

Schools & Community

Elementary school: 

Enterprise

Middle school: 

Enterprise

High school: 

Enterprise

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Sterling Savings Bank

Loan start date

November 2007

Original loan amount

$30,000

Est. remaining balance

Not provided

Interest rate

6.4%

Loan type

Not Provided

Seller

Veletta R Stenkamp

Lender

Nw Preferred Fcu

Loan start date

December 2005

Original loan amount

$35,000

Est. remaining balance

Not provided

Interest rate

5.63%

Loan type

Credit Line (Revolving)

Seller

Veletta R Stenkamp

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: 03/03/2025 at 8:00 PM

Listing updated: 01/29/2025 at 10:11 AM

Listed by: Robin Despain, Real Estate Associates Phone #: (541) 432-4060

MLS: PortlandOR #24126292

PortlandOR logo

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