tomo logo

$3,985,000

Beds
4
Baths
5.5
sq ft
Unknown

48493 NW Hillside Rd, Forest Grove, OR 97116

48493 NW Hillside Rd

Forest Grove, OR 97116

  • 18 days on market
Come home to the pinnacle of luxury and tranquility in this modern farmhouse masterpiece just over 50 private acres between Forest Grove and Banks. Custom designed and built in 2022 by Pavilion Construction, the home offers breathtaking 360-degree views of Mt. Hood, Mt. St. Helens lava dome, and the rolling Willamette Valley. An entertainer’s dream, it boasts seamless indoor-outdoor living with a resort-style pool, expansive covered patio, and a state-of-the-art home theater. Beautifully designed withcareful attention to detail, deluxe features and casually elegant finishes. For wine enthusiasts, 22 acres of prime vineyard-ready soil present an incredible opportunity to plant vines. Just minutes from Banks, with easy commutes against the main flow oftraffic to Intel and Nike. This one-of-a-kind retreat blends refined craftsmanship with every modern convenience—your private sanctuary with effortless access to the city.

Details

Property type

Single Family Residence

Est. home value

$984,221

Lot size

50.37 acres

Price per sq ft

Unknown

Year built

2022

Annual property taxes

$15,161.82

HOA

No

Price History

02/04/2025
PortlandOR

PortlandOR #592602801

Listed
$3,985,000
-14.3%
12/15/2024
PortlandOR

PortlandOR #24117193

Removed
$4,650,000
11/09/2024
PortlandOR

PortlandOR #24117193

Price change
$4,650,000
-2.11%

Schools & Community

Elementary school: 

Harvey Clark

Middle school: 

Neil Armstrong

High school: 

Forest Grove

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

Umpqua Bank

Loan start date

November 2023

Original loan amount

$1,100,000

Est. remaining balance

Not provided

Interest rate

7.49%

Loan type

Credit Line (Revolving), 30 year

Seller

Robert Olson and Cheralee Olson

Lender

Umpqua Bank

Loan start date

October 2021

Original loan amount

$1,757,948

Est. remaining balance

Not provided

Interest rate

3%

Loan type

Building or Construction Loan, 30 year

Seller

Robert Olson and Cheralee Olson

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: 02/22/2025 at 7:05 PM

Listing updated: 02/05/2025 at 12:05 PM

Listed by: Kendra Ratcliff, LUXE Forbes Global Properties Phone #: (503) 389-2112

MLS: PortlandOR #592602801

PortlandOR logo

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