tomo logo

$1,100,000

Beds
3
Baths
2.5
sq ft
2,036

40166 Gates School Rd, Gates, OR 97346

40166 Gates School Rd

Gates, OR 97346

  • 41 days on market
    • Price drop $90,000↓
Peace of mind on this riverfront home situated on nearly 5 AC of your own private oasis. This home boasts spacious rooms, a vaulted living room with ample window lighting, a wood stove & scenic views. Additionally, enjoy the large deck overlooking the N Santiam River & yard w/established fruit trees & vines, fenced garden, fenced dog area & large woodshed. Also on the property is a 30x48 fully insulated shop with heating & cooling, full bathroom, & full RV hookups both inside & out. No flood insurance req!

Details

Property type

Single Family Residence

Est. home value

$987,048

Lot size

4.85 acres

Price per sq ft

$541

Year built

1992

Annual property taxes

$6,095.25

Price History

09/06/2024
PortlandOR

PortlandOR #24326189

Price change
$1,100,000
-7.56%
09/01/2024
PortlandOR

PortlandOR #24326189

Removed
$1,190,000
08/29/2024
PortlandOR

PortlandOR #24326189

Listed
$1,190,000

Schools & Community

Elementary school: 

Santiam

Middle school: 

Santiam

High school: 

Santiam

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

$339,532
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$672,468
Cash to seller
$339,532

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

May 2022

Original loan amount

$700,000

Est. remaining balance

$672,468

Interest rate

4.42%

Loan type

New Conventional, 30 year

Seller

Doug Wayne Newquist and Sherri Michaela Newquist

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

PortlandOR
$1,199,000
3 bd
|
3 ba
|
2,906 sq ft
|
House

23757 Santiam Way SE, Lyons, OR 97358

PortlandOR
$1,195,000
3 bd
|
2.5 ba
|
3,278 sq ft
|
House

43549 E Bilyeu Creek Dr, Scio, OR 97374

PortlandOR
$1,180,000
4 bd
|
4.5 ba
|
4,968 sq ft
|
House

35335 E Lacomb Rd, Lebanon, OR 97355

Status: Active

Tomo last checked: 09/16/2024 at 12:10 PM

Listing updated: 09/06/2024 at 3:19 PM

Listed by: Paul Terjeson, Keller Williams Realty Mid-Willamette Phone #: (541) 738-7770

MLS: PortlandOR #24326189

PortlandOR logo

Recently listed in Gates

$1,100,000|3 bd|2.5 ba|House
$559,900|3 bd|2.0 ba|Manufactured
tomo logo
  • © 2024 Tomo Real Estate
  • 1424 11th Ave, Suite 201, Seattle, WA 98122
  • (404) 738-5385

Resources

BlogTomo Mortgage

Disclaimers

mls-logo

The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Tomo Real Estate are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data last updated as of date above. Some properties which appear for sale on this website may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some of these listings contain enhanced listing information including city, state, zip, and county from sources such as MSA data and USPS. Listing content is Copyright ©2024 RMLS of Portland, Oregon. All Rights Reserved.