tomo logo

$849,000

Beds
4
Baths
2.0
sq ft
Unknown

3820 SE Belmont St, Portland, OR 97214

3820 SE Belmont St

Portland, OR 97214

  • 39 days on market
Rare Permitted Short-Term Rental in Portland! Seize the opportunity to own one of Portland’s most exclusive properties! This home is one of only approx. 50 properties in the city legally permitted for short-term rentals exceeding 90 days, offering unparalleled flexibility and peace of mind. With potential regulatory changes on the horizon, as indicated by the Portland City Council, securing a compliant property now ensures you’re ahead of the curve in this evolving market. The home is perfectly suited for individuals who value flexibility and lifestyle—whether you’re a frequent traveler, a bi-coastal resident, or someone looking for a turnkey rental in a thriving urban market. This property is a gateway to enjoying Portland’s vibrant culture, food scene, and proximity to nature while benefiting from a fully permitted short-term rental option. Unique Opportunity for a Seamless Transition: The current owner is a seasoned short-term rental operator and is willing to continue managing the property for the new owner on a passive basis. This arrangement ensures a smooth transition and allows you to enjoy the benefits of short-term rental ownership without having to handle day-to-day operations. This is more than just a property—it’s an opportunity to own a legally compliant and highly sought-after asset in one of the Pacific Northwest’s most dynamic cities.

Details

Property type

Single Family Residence

Est. home value

$635,284

Property condition

Updated/Remodeled

Lot size

3,484 sq ft

Price per sq ft

Unknown

Year built

1907

Annual property taxes

$4,845.93

HOA

No

Price History

02/03/2025
PortlandOR

PortlandOR #379738804

Removed
$849,000
01/13/2025
PortlandOR

PortlandOR #379738804

Listed
$849,000
01/10/2025
PortlandOR

PortlandOR #379738804

Listed
$849,000
+69.8%

Schools & Community

Neighborhood: 

Sunnyside

Elementary school: 

Glencoe

Middle school: 

Sunnyside Env

High school: 

Franklin

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

$353,459
Asking price
$849,000
Closing costs (~8% of asking)
-$67,920
Est. remaining loan balance
-$427,621
Cash to seller
$353,459

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

Seller’s Loan History

Lender

Finance Of America Mortgage Llc

Loan start date

April 2020

Original loan amount

$475,000

Est. remaining balance

$427,621

Interest rate

3.47%

Loan type

New Conventional, 30 year

Seller

Joseph R Patino Trudeaux and Jessica Patino Trudeaux

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: 02/22/2025 at 11:05 AM

Listing updated: 02/04/2025 at 2:21 AM

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

MLS: PortlandOR #379738804

PortlandOR logo

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