tomo logo

$550,000

Beds
3
Baths
2.0
sq ft
1,616

309 W Sherman St, Newberg, OR 97132

309 W Sherman St

Newberg, OR 97132

  • 1 day on market
Fantastic investment opportunity in Newberg! This 1616SF Home could be two units. Live in one and rent out the other. One unit on the main floor features a living room, kitchen, 2 bedrooms,1 bathroom and it also features an upstairs bonus room and it's own laundry and is 989 square feet. It currently rents for $1820/mo. The second unit features 1 bedroom, 1 bathroom, Kitchen and has it's own laundry with approx. 627sf. It currently rents for $1400/mo. This property has a large backyard. and a 1 car attached garage. Nice front porch and is close to downtown Newberg.

Details

Property type

Single Family Residence

Est. home value

$436,884

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$341

Year built

2001

Annual property taxes

$3,851.52

Price History

11/05/2024
PortlandOR

PortlandOR #24695355

Listed
$550,000
+29.41%
09/27/2022
PortlandOR

PortlandOR #22562616

Sold
$425,000

Schools & Community

Elementary school: 

Edwards

Middle school: 

Chehalem Valley

High school: 

Newberg

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

$171,108
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$334,892
Cash to seller
$171,108

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

September 2022

Original loan amount

$340,000

Est. remaining balance

$334,892

Interest rate

5.54%

Loan type

New Conventional, 40 year

Seller

Csb Holdings Llc

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?

Status: Active

Tomo last checked: 11/05/2024 at 4:05 PM

Listing updated: 11/05/2024 at 12:12 PM

Listed by: Teri Steneck, Valley Realty Phone #: (503) 538-5324

MLS: PortlandOR #24695355

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