tomo logo

$4,750,000

Beds
4
Baths
5.5
sq ft
7,388

48493 NW Hillside Rd, Forest Grove, OR 97116

48493 NW Hillside Rd

Forest Grove, OR 97116

  • 217 days on market
    • Price drop $35,000↓
Welcome to 48493 NW Hillside Road, where luxury meets tranquility on 50 sprawling acres in Forest Grove. This prestigious 7,388 square foot estate, offers a rare opportunity to experience the pinnacle of refined living amidst the beauty of nature.From the moment you arrive, sophistication abounds, showcased by Milgard Fiberglass Windows and a custom electronic Iron gate leading to the grand entrance. The heart of the home is the gourmet kitchen, equipped with Wolf appliances, quartz counters, and a 17-foot island, perfect for culinary creations and entertaining. Adjacent is the Butler's Pantry, boasting Subzero wine fridge and Scotsman nugget ice machine. Entertain in style in the Theater Room, featuring a 148" screen, Sony 4K Projector, and plush seating for 15, while the adjacent Media Room offers True Refrigeration Keg, ice maker, and beverage column and Wolf Microwave for added convenience.Retreat to the Primary Bed and Bath, with separate climate control, Hunter Douglas Power blinds, and a multi-jet walk-in shower. Closet space is ample, with custom California Closets ensuring organization is effortless.Outside, the expansive patio beckons with a custom fire pit, outdoor kitchen by American Made Grills, and a sparkling 16'x40' pool with saltwater filtration with enclosed hot tub, perfect for unwinding amidst the picturesque surroundings.For the discerning car enthusiast, the heated garage offers space for four vehicles, complete with a Vroom retractable garage vacuum. The grounds are a gardener's dream, with fully irrigated landscaped areas, RTF sod, and potential income crops including 22 acres of ready soil for vineyards, already tested and sampled. With amenities such as a Vroom retractable vacuum, commercial Speed Queen washers & dryers, and Chameleon Central Vacuum, also a 3000 SF shop with oversized doors and a full bath, no detail has been overlooked in creating the ultimate luxury retreat.

Details

Property type

Single Family Residence

Est. home value

$984,221

Lot size

50.37 acres

Price per sq ft

$643

Year built

2023

Annual property taxes

$2,874.03

Price History

09/14/2024
PortlandOR

PortlandOR #24117193

Price change
$4,750,000
-0.73%
07/01/2024
PortlandOR

PortlandOR #24117193

Price change
$4,785,000
-4.01%
05/31/2024
PortlandOR

PortlandOR #24117193

Removed
$4,985,000

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: 11/05/2024 at 7:20 AM

Listing updated: 10/11/2024 at 9:26 AM

Listed by: Randy Willner, Willner Properties LLC Phone #: (503) 433-5000

MLS: PortlandOR #24117193

PortlandOR logo

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