tomo logo

$629,900

Beds
4
Baths
3.0
sq ft
2,545

3125 SW Vermont St, Portland, OR 97219

3125 SW Vermont St

Portland, OR 97219

  • 356 days on market
    • Price drop $25,000↓
Step into your new cottage-style abode right beside the acclaimed Gabriel Park. Live in one unit and offset your mortgage with the other or rent both out and generate cash flow. This character-filled 1920s home, zoned RM1, has always been well-maintained and offers stunning West Hills views. Both sides have been remodeled in the past year. 3 beds & 2 full baths on one side, along with new carpeting, a spacious master suite, formal dining, a living room with a wood fireplace, and a modern kitchen. The other side houses a sizable 1-bedroom apartment with its own kitchen, full bath, and living area, boasting new floors, appliances, and more. Additional amenities include a massive deck with a view, a detached garage, and a full basement with storage and laundry. Enjoy proximity to a trifecta of amenities: Gabriel Park, spanning 89+ acres with a brand new playground, nature trails, tennis & basketball courts, skatepark, and much more; unique boutiques and gourmet dining in the charming Multnomah Village; and a variety of locally owned businesses in Hillsdale for everything else you could need, all within walking distance! Please do not disturb occupants.

Details

Property type

Single Family Residence

Est. home value

$714,700

Property condition

Updated/Remodeled

Lot size

5,662 sq ft

Price per sq ft

$248

Year built

1923

Annual property taxes

$5,982.92

Price History

09/12/2024
PortlandOR

PortlandOR #23195354

Price change
$629,900
-3.82%
08/20/2024
PortlandOR

PortlandOR #23195354

Price change
$654,900
-0.76%
08/20/2024
PortlandOR

PortlandOR #23195354

Listed
$659,900

Schools & Community

Neighborhood: 

Hayhurst

Elementary school: 

Hayhurst

Middle school: 

Other

High school: 

Ida B Wells

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

$182,640
Asking price
$629,900
Closing costs (~8% of asking)
-$50,392
Est. remaining loan balance
-$396,868
Cash to seller
$182,640

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

Seller’s Loan History

Lender

Erie T Smith

Loan start date

February 2022

Original loan amount

$602,500

Est. remaining balance

$396,868

Interest rate

3.45%

Loan type

Not Provided, 7 year

Seller

Eric Smith 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?

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Status: Active

Tomo last checked: 10/05/2024 at 10:15 PM

Listing updated: 09/12/2024 at 11:19 AM

Listed by: Mack Spear, Kelly Right Real Estate of Portland, LLC Phone #: (503) 719-6056

MLS: PortlandOR #23195354

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