tomo logo

$475,000

Beds
4
Baths
2.5
sq ft
2,460

412 Adams Ave, Cottage Grove, OR 97424

412 Adams Ave

Cottage Grove, OR 97424

  • 94 days on market
    • Price drop $24,000↓
Step into history with "The Ben Lurch House," a beautifully renovated vintage Foursquare believed to be the oldest house in Cottage Grove. Originally located on Main St and moved in 1926, this 1870 home features a charming wrap-around porch that exudes historic character. The kitchen has been updated with custom-built cabinets, original flooring, Leather Granite countertops, and a farmhouse sink. The interior has been recently painted, and the home includes a new mini-split HVAC system with a 10-year warranty. Additional updates include reclaimed wood floors, restored sash windows, and a reinforced foundation with a French drain and new gutters with mesh guards. Unique features such as custom-built bookshelves in the upstairs office, a built-in linen closet, and a side porch with a potting bench enhance the home's charm. The main level features an owner's suite and a new half bath, while upstairs boasts a remodeled Victorian-style bathroom with a clawfoot tub. The yard includes raised garden beds, and a detached 2-car garage with alley access offers convenient parking.

Details

Property type

Single Family Residence

Est. home value

$414,665

Property condition

Updated/Remodeled

Lot size

5,662 sq ft

Price per sq ft

$194

Year built

1870

Annual property taxes

$3,149.35

Price History

10/08/2024
PortlandOR

PortlandOR #24187863

Price change
$475,000
-4.81%
08/27/2024
PortlandOR

PortlandOR #24187863

Price change
$499,000
-4.95%
08/01/2024
PortlandOR

PortlandOR #24187863

Listed
$525,000
+50.43%

Schools & Community

Elementary school: 

Bohemia

Middle school: 

Lincoln

High school: 

Cottage Grove

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

$207,456
Asking price
$475,000
Closing costs (~8% of asking)
-$38,000
Est. remaining loan balance
-$229,544
Cash to seller
$207,456

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

Seller’s Loan History

Lender

Pacific Residential Mortgage Llc

Loan start date

April 2021

Original loan amount

$249,000

Est. remaining balance

$229,544

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Henry C De Wulf and Dawn Renee De Wulf

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: 11/03/2024 at 4:50 AM

Listing updated: 10/08/2024 at 9:09 AM

Listed by: Jordan Matin, Matin Real Estate Phone #: (503) 447-3599

MLS: PortlandOR #24187863

PortlandOR logo

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