tomo logo

$2,249,500

Beds
4
Baths
3.0
sq ft
5,399

45840 NW Ranch Dr, Banks, OR 97106

45840 NW Ranch Dr

Banks, OR 97106

  • 511 days on market
    • Price drop $500↓
TWO HOMES- Stunning original Green Mountain Ranch Lodge-fully FURNISHED rustic style w/ hand built original cedar cabin from 1980 w/one of a kind 2015 expansion incl 24' Great Room ceilings w/ giant Ponderosa Pine logs from the property & Montana Rock fireplace, 4/3. Multi-generational family home in the main Lodge as there are 2 kitchens/ utility rooms etc. 2nd home currently leased, Ranch Meadows LLC 3/2, w/ incredible views of valley & city lights. 92 ac includes woods[ growing timber] w/ trails for horses, quads or hiking and Horse Meadows LLC- 30 + acres fenced pasture . Only 50 min to Oregon's best beaches and 30 to hi-tech and 45 to PDX. Elevation from 1000' to 1200'allows for clear mountain air, Coast Range sunsets and cool evening breezes. The Lodge features log & wood interior walls with vaulted wood ceilings, hardwood, stone & tile floors, balcony & fireplace in vaulted master suite, 12' slab log dining table, 900 sq ft of decks & balcony .Recent updates include roofing, main bath & appliances . Off the great room is a 32' x 14' covered deck w/ giant logs & skylights. Country life w/ privacy & views. Enjoy entertaining or just relaxing in the great room or on the front shaded patio, back covered deck or back yard patio. Mature landscaping includes native Oregon ferns, vine maple, Redwood, Cedar, Sequoia & Doug fir, flowers everywhere. Ride your horses or quads on miles of trails. Rent pasture-w/ 4 shelters or have your own cattle or horses. gently thin the timber for income. Close to 44 mile state paved bike trail. Beautiful 6 bay shop/garage w/ walk-up loft, separate wood storage shed, greenhouse and Red Shed. Excellent Water system is 40gpm well- feeding two 2500 gal tanks which provide gravity water to both homes. Additional spring fed pond on the property. Income from 2nd home, pasture rent, timber , mfd rental and more. #'s available for serious buyers. Owner/seller is licensed Oregon RE Broker.

Details

Property type

Single Family Residence

Property condition

Updated/Remodeled

Lot size

92.22 acres

Price per sq ft

$417

Year built

2015

Annual property taxes

$4,857.54

Price History

10/15/2024
PortlandOR

PortlandOR #23204700

Price change
$2,249,500
-0.02%
09/20/2024
PortlandOR

PortlandOR #23204700

Price change
$2,250,000
-4.21%
08/30/2024
PortlandOR

PortlandOR #23204700

Removed
$2,349,000

Schools & Community

Elementary school: 

Banks

Middle school: 

Banks

High school: 

Banks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Freedom Mortgage Corp

Loan start date

May 2021

Original loan amount

$340,245

Est. remaining balance

$263,718

Interest rate

2.4%

Loan type

New Conventional, 14 year

Seller

Stephen J Mead and Stephen J Mead Trust

Lender

Guild Mortgage Co

Loan start date

January 2017

Original loan amount

$417,000

Est. remaining balance

$222,900

Interest rate

3.34%

Loan type

FHA, 15 year

Seller

Stephen J Mead

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: 12/22/2024 at 11:55 PM

Listing updated: 10/15/2024 at 9:31 AM

Listed by: Stephen Mead, Oregon Country Property, LLC Phone #: (503) 936-8110

MLS: PortlandOR #23204700

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