tomo logo

$535,000

Beds
3
Baths
2.5
sq ft
1,510

4340 N Michigan Ave, Portland, OR 97217

4340 N Michigan Ave

Portland, OR 97217

  • Pending
Come make this SW facing, light filled, condo that is flooded with a ton of natural light and a very low HOA fee of $180 a month your next home in the highly sought after Mississippi Neighborhood! The location of this unit in the NW Contemporary style complex boasts views of the West Hills, downtown, bridges, and trees. Wait until you see and hear about the inside. Gorgeous engineered hardwood floors meet you in the entry on the lower level leading you to the bonus room that could be anything your heart desires with a walk out patio. From there go to the lower level ensuite bedroom and bath, totally private from the rest of the living and bedroom spaces. Up the stairs to the main living space you'll be greeted with a sleek modern designed kitchen, dining and living room combo. All open and spacious, again the engineered hardwood floor stretches the entire length of this level and ready for entertaining. Quartz countertops, glass tile backsplash, gas range, stainless steel appliances, wood cabinets, and eating bar make up the kitchen. The living room is surrounded with windows, a slider that goes out to a balcony and a half bath. On the third level is where you'll find the primary ensuite with double closets and a balcony, a second bedroom and the laundry. One block to Mississippi Ave. for excellent food carts, restaurants, bars, coffee, shopping, and concerts. So close to freeway on ramps and buss lines. Walk Score 99(Walkers Paradise), Transit Score 100(Riders Paradise), Bike Score 78(Very Bikeable). This unit has an additional 200sqft of living space in the bonus room unlike previous ones that have sold in the back complex.

Details

Property type

Townhouse

Est. home value

$539,995

Lot size

Unknown

Price per sq ft

$355

Year built

2018

Annual property taxes

$7,221.97

Monthly HOA fee

$180

Price History

09/17/2024
PortlandOR

PortlandOR #24273568

Pending
$535,000
09/09/2024
PortlandOR

PortlandOR #24273568

Listed
$535,000
+7.21%
12/21/2018
PortlandOR

PortlandOR #18080528

Sold
$499,000

Schools & Community

Neighborhood: 

Humboldt

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

$137,054
Asking price
$535,000
Closing costs (~8% of asking)
-$42,800
Est. remaining loan balance
-$355,146
Cash to seller
$137,054

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

March 2022

Original loan amount

$412,500

Est. remaining balance

$355,146

Interest rate

2.79%

Loan type

New Conventional, 15 year

Seller

Harika Manem and Sachhidh Kannan

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: Pending/Under Contract

Tomo last checked: 09/17/2024 at 10:35 PM

Listing updated: 09/17/2024 at 2:59 PM

Listed by: Tom Kerr, MORE Realty Phone #: (503) 353-6673

MLS: PortlandOR #24273568

PortlandOR logo

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