tomo logo

$423,156Estimated home value

Beds
1
Baths
1.0
sq ft
784

4216 N Mississippi Ave Unit 301, Portland, OR 97217

4216 N Mississippi Ave Unit 301

Portland, OR 97035

  • Sold On 8/5/2024
    • Price drop $10,000↓
Alluring urban living in this sleek 1 bed/1 bath condo perched above the sought-after Mississippi Ave Lofts. Boasting LEED Gold environmentally green certification, this residence invites you into the heartbeat of the vibrant Mississippi/Albina neighborhood, a hub for boutique shopping, farm-to-table dining, and renowned local hotspots like Blue Star Donuts, Little Big Burger, and Ruby Jewel, alongside world-class microbreweries. Admire panoramic views of the west hills through expansive windows or soak in the energy from your private balcony overlooking bustling Mississippi Avenue. The cork floors complement the open-concept living/dining space, while the stainless kitchen appliances add a touch of modernity. Warm, natural materials like heavy timber beams create an inviting atmosphere in this super functional condo featuring a cozy, quiet bedroom, spacious bathroom, built-in office nook, in-unit laundry, and ample storage. Concrete/steel construction ensures durability, while an interior bamboo-filled courtyard offers both privacy and security. Unit is currently used as a licensed short-term rental with Airbnb. Condo association allows both long and short-term rentals with rental cap, offering a flexible investment opportunity. 1 deeded parking space is included at this price, but the unit is also available for sale without the parking space for $349,000. Some furniture available for purchase with sale.

Details

Property type

Condominium

Est. home value

$423,156

Lot size

Unknown

Price per sq ft

$484

Year built

2009

Annual property taxes

$385.54

Monthly HOA fee

$557

Price History

08/05/2024
PortlandOR

PortlandOR #23247721

Sold
$365,000
-3.69%
07/09/2024
PortlandOR

PortlandOR #23247721

Pending
$379,000
07/01/2024
PortlandOR

PortlandOR #23247721

Removed
$379,000

Schools & Community

Neighborhood: 

Boise

Elementary school: 

Boise-Eliot

Middle school: 

Harriet Tubman

High school: 

Jefferson

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

$100,400
Asking price
$379,000
Closing costs (~8% of asking)
-$30,320
Est. remaining loan balance
-$248,280
Cash to seller
$100,400

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

October 2021

Original loan amount

$299,000

Est. remaining balance

$248,280

Interest rate

2.19%

Loan type

New Conventional, 15 year

Seller

Sybil Ackerman Munson

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?

Status: Off Market

Tomo last checked: 10/05/2024 at 6:50 PM

Listing updated: 08/05/2024 at 9:48 PM

Listed by: Carrie Richardson, Home Team Realty, LLC. Phone #: (503) 893-2129

MLS: PortlandOR #23247721

PortlandOR logo

Recently listed in Portland

$755,000|3 bd|2.0 ba|House
$1,650,000|5 bd|3.0 ba|House
$425,000|2 bd|2.5 ba|Townhouse
$255,000|1 bd|1.0 ba|Condo
$419,900|3 bd|1.0 ba|House
$365,900|3 bd|2.5 ba|Condo
$639,900|3 bd|2.5 ba|House
$490,000|4 bd|2.0 ba|House
$410,000|2 bd|1.0 ba|House
$142,000|3 bd|2.0 ba|Manufactured