tomo logo

$580,000

Beds
3
Baths
3.5
sq ft
4,637

3400 SW Sherwood Pl, Portland, OR 97239

3400 SW Sherwood Pl

Portland, OR 97239

  • 319 days on market
    • Price drop $120,000↓
Cash as-is where is offers only. Short sale, purchase price approved. Buyer has to pay about $30,000 in addition to sale price. *** SPECTACULAR VIEW OVERLOOKING park & city! Situated on TWO LOTS adjacent to Marquam Nature Park and BEAUTIFUL SW HILLS TRAILS. This diamond in the rough has AMAZING MAIN FLOOR LIVING with large rooms and plenty of light filled windows! Three bedrooms plus office. Downstairs could be separate living, short-term rental, or use as one large home. OVERSIZED GARAGE has tons of storage. Enjoy the EXPANSIVE DECKS while admiring nature! Truly AMAZING LOCATION with deer walking by on a regular basis. *** Contact your agent for additional details regarding this sale. This is a short sale and has deferred maintenance, a $30,000 foundation bid, and about $30,000 of out of pocket buyer expenses in addition to sale price.

Details

Property type

Single Family Residence

Est. home value

$1,092,447

Property condition

Fixer

Lot size

0.38 acres

Price per sq ft

$126

Year built

1962

Annual property taxes

$16,697.97

Price History

11/05/2024
PortlandOR

PortlandOR #24639955

Listed
$580,000
10/26/2024
PortlandOR

PortlandOR #24639955

Pending
$580,000
10/17/2024
PortlandOR

PortlandOR #24639955

Price change
$580,000
-17.14%

Schools & Community

Neighborhood: 

Southwest Hills

Elementary school: 

Ainsworth

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

-$79,446
Asking price
$580,000
Closing costs (~8% of asking)
-$46,400
Est. remaining loan balance
-$613,046
Cash to seller
-$79,446

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

Seller’s Loan History

Lender

Nations Direct Mortgage Llc

Loan start date

December 2019

Original loan amount

$679,882

Est. remaining balance

$613,046

Interest rate

3.69%

Loan type

VA, 30 year

Seller

Erik D Gross and Cherie Gross

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?

Similar Homes Nearby

Price drop
PortlandOR
$599,000
3 bd
|
2 ba
|
2,532 sq ft
|
House

5235 SW View Point Ter, Portland, OR 97239

Price drop
PortlandOR
$550,000
3 bd
|
2.5 ba
|
2,508 sq ft
|
Condo

2309 SW 1st Ave Unit 1741, Portland, OR 97201

Price drop
PortlandOR
$575,000
3 bd
|
1.5 ba
|
1,608 sq ft
|
House

1106 SW Gibbs St, Portland, OR 97239

Status: Active

Tomo last checked: 11/19/2024 at 7:35 AM

Listing updated: 11/15/2024 at 10:30 PM

Listed by: Jason Kennedy, RE/MAX Equity Group Phone #: (503) 626-4600

MLS: PortlandOR #24639955

PortlandOR logo

Recently listed in Portland

$599,500|3 bd|3.0 ba|House
$700,000|4 bd|2.0 ba|House
$650,000|3 bd|2.0 ba|House
$525,000|3 bd|2.5 ba|Townhouse
$25,000,000|8 bd|13.0 ba|House
$499,800|3 bd|2.0 ba|House
$660,000|3 bd|2.5 ba|House