tomo logo

$889,000

Beds
5
Baths
3.0
sq ft
3,692

412 W 5th St, Newberg, OR 97132

412 W 5th St

Newberg, OR 97132

  • 124 days on market
Meticulously restored 1857 historical Cottage in Oregon Wine Country! Charming floor plan with 3,692 sqft, 5 bedrooms with 2 ensuites, speakeasy room, ADU, situation on secluded .82 of an acre. Modernized main living great room design offers a perfect blend of comfort and convenience. The kitchen is a chef's delight with granite counters, a farm sink, a pot-filler, a commercial grade 6 burner range, built-in microwave, ample cabinets for storage, & pantry. The ensuite on the main level with custom tile & walk-in shower. The luxurious primary suite upstairs is a dream with a grand walk-in closet, double sinks, heated tile floors, a soaking aerated tub, and a shower. Gorgeous restored and new hardwood flooring throughout the entire main home. You?ll be captivated in every bedroom as each detail has been carefully executed with period & elegance. The main house outdoor living is perfect for relaxing or entertaining and offers a refuge with hot tub, stamped concrete back patio, fire pit, 2 pavilions, and outdoor stone fireplace with a serene view of the forest. Newer built ADU is 888 sqft, 1 bedroom, 1 bath, LVP flooring, and complete with modern features with its own expansive fenced backyard and driveway. Come tour this masterpiece of timeless beauty. A quick walk of (4) blocks to downtown Newberg with access to restaurants, wine-tasting experiences, bakeries, & much more! This is a healthy income-producing property and currently has 2 vacation rental licenses that are ?not? transferrable. Room for expansion to construct an additional (3) ADUs, buyer to verify with the city and complete due diligence. Don?t miss this opportunity!

Details

Property type

Single Family Residence

Est. home value

$664,446

Property condition

Updated/Remodeled

Lot size

0.82 acres

Price per sq ft

$241

Year built

1920

Annual property taxes

$4,531.36

Price History

03/14/2024
PortlandOR

PortlandOR #24044478

Listed
$889,000
-1.11%
02/24/2024
PortlandOR

PortlandOR #23005491

Removed
$899,000
11/20/2023
PortlandOR

PortlandOR #23005491

Listed
$899,000
+116.63%

Schools & Community

Elementary school: 

Edwards

Middle school: 

Chehalem Valley

High school: 

Newberg

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

$306,632
Asking price
$889,000
Closing costs (~8% of asking)
-$71,120
Est. remaining loan balance
-$511,248
Cash to seller
$306,632

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

Seller’s Loan History

Lender

A&D Mortgage Llc

Loan start date

August 2022

Original loan amount

$525,000

Est. remaining balance

$511,248

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Lauri Hines and Roy S Neff Iii

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: 07/16/2024 at 9:25 AM

Listing updated: 05/31/2024 at 1:29 AM

Listed by: Michele Montoya, MORE Realty Phone #: (503) 353-6673

MLS: PortlandOR #24044478

PortlandOR logo

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