tomo logo

$785,000

Beds
6
Baths
6.0
sq ft
5,144

48175 E 1st St, Oakridge, OR 97463

48175 E 1st St

Oakridge, OR 97463

  • 110 days on market
Major opportunity! So many options in this beautifully renovated historic property situated in recreational paradise. Originally the local Masonic Lodge, converted to residence, to guest house...what's next? Gourmet kitchen and common space on the main level with ample indoor/outdoor seating for bistro-style dining. Handcrafted wood-fired pizza oven and a thoughtfully curated edible gardenscape provide options for year-round foraging and al fresco meals. Soaring ceilings on both levels, open-banister staircase, ample storage closets, quality, craftsman-style finishes throughout. Owners' suite and guest rooms upstairs could be divided into multiple, private apartments or be the first to bring a co-op or condo to Oakridge! The property could also provide a location for an alternative educational facility, daycare, adult foster care, event space, multi-generational living, or any other group-living or live-work opportunity. The City of Oakridge is seeking solutions, so don't hesitate to bring your creativity. Buyer due diligence. Incredible value at this price!

Details

Property type

Single Family Residence

Est. home value

$822,904

Property condition

Updated/Remodeled

Lot size

0.28 acres

Price per sq ft

$153

Year built

2002

Annual property taxes

$5,830.86

Price History

09/05/2024
PortlandOR

PortlandOR #24274507

Listed
$785,000
-34.58%
06/28/2024
PortlandOR

PortlandOR #24576526

Removed
$1,200,000
04/25/2024
PortlandOR

PortlandOR #24576526

Listed
$1,200,000

Schools & Community

Elementary school: 

Oakridge

Middle school: 

Oakridge

High school: 

Oakridge

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

$561,077
Asking price
$785,000
Closing costs (~8% of asking)
-$62,800
Est. remaining loan balance
-$161,123
Cash to seller
$561,077

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

Seller’s Loan History

Lender

Sterling Savings Bank

Loan start date

July 2009

Original loan amount

$243,000

Est. remaining balance

$161,123

Interest rate

4.91%

Loan type

Not Provided, 30 year

Seller

Lynda J Kamerrer and Gary R Carl

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: Active

Tomo last checked: 12/24/2024 at 9:20 AM

Listing updated: 10/28/2024 at 6:13 AM

Listed by: Jennifer Lloyd, World Wide Realty Inc Phone #: (503) 974-9886

MLS: PortlandOR #24274507

PortlandOR logo

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