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$215,000

Beds
2
Baths
1.0
sq ft
774

5005 SW Mitchell St Unit 10, Portland, OR 97221

5005 SW Mitchell St Unit 10

Portland, OR 97221

  • 71 days on market
    • Price drop $5,000↓
Awesome Raleigh Hills location. 2 bedroom, 1 bathroom condo is the end unit on the upper floor. It has a super efficient floor plan that makes it live large. Large kitchen with tons of cabinets and storage. The bathroom has extra storage and some smart finishes. Sliders lead from the living room to a nice wide balcony. The seller has enhanced the home with fresh paint and newer flooring in both bedrooms so that the condo now has hard surface flooring throughout. New water heater installed in 2022. We all know how important storage is in condos, and this one comes with an additional 3 FT x 8 FT storage unit with 8.5 FT high ceiling. The location here is first rate. You’ll have a fantastic array of great eateries to choose from including the brand new Raleigh Hills La Provence. It’s just down the street from both the Hillsdale and the Multnomah Village shopping and restaurant hubs. It's a quick jaunt to your choice of grocers: Albertsons, Fred Meyer & New Seasons. Best of all, you can be either Downtown or in the Westside tech parks in mere minutes. Homes at this price point don’t long in this neighborhood. So, don't hesitate!

Details

Property type

Condominium

Est. home value

$203,674

Lot size

Unknown

Price per sq ft

$278

Year built

1965

Annual property taxes

$2,235.45

Monthly HOA fee

$375

Price History

11/13/2024
PortlandOR

PortlandOR #24154171

Price change
$215,000
-2.27%
09/12/2024
PortlandOR

PortlandOR #24154171

Listed
$220,000
+12.82%
06/23/2021
PortlandOR

PortlandOR #21630524

Sold
$195,000
+9.86%

Schools & Community

Neighborhood: 

Hayhurst

Elementary school: 

Hayhurst

Middle school: 

Robert Gray

High school: 

Ida B Wells

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

$38,103
Asking price
$215,000
Closing costs (~8% of asking)
-$17,200
Est. remaining loan balance
-$159,697
Cash to seller
$38,103

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

Seller’s Loan History

Lender

Directors Mortgage Inc

Loan start date

June 2021

Original loan amount

$172,500

Est. remaining balance

$159,697

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Nicole Lea Henriksen

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: 11/21/2024 at 5:10 PM

Listing updated: 11/15/2024 at 11:41 AM

Listed by: Ronald Milligan, RE/MAX Select Phone #: (503) 477-9745

MLS: PortlandOR #24154171

PortlandOR logo

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