tomo logo

$699,000

Beds
5
Baths
4.0
sq ft
2,723

505 NE 63rd Ave, Portland, OR 97213

505 NE 63rd Ave

Portland, OR 97213

  • Pending
    • Price drop $26,000↓
Updated triplex located in North-Tabor. Perfect investment opportunity. Two units have just been refreshed with paint, carpet and new fixtures throughout. Located on the bus line and near the Max, close proximity to many shops and restaurants and great walk/bike scores. Each unit comes with a parking spot under the carport with room for a car parked in tandem. Basement with laundry and designated storage lockers. One unit is occupied - the other two are ready to rent! Perfect for an owner occupied buyer. Conventional financing available with as little as 5% down.

Details

Property type

Townhouse

Est. home value

$721,867

Lot size

4,791 sq ft

Price per sq ft

$257

Year built

1973

Annual property taxes

$8,486.44

Price History

09/14/2024
PortlandOR

PortlandOR #24216689

Pending
$699,000
08/20/2024
PortlandOR

PortlandOR #24216689

Removed
$699,000
08/12/2024
PortlandOR

PortlandOR #24216689

Listed
$699,000

Schools & Community

Neighborhood: 

North Tabor

Elementary school: 

Vestal

Middle school: 

Mt Tabor

High school: 

Franklin

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

$216,809
Asking price
$699,000
Closing costs (~8% of asking)
-$55,920
Est. remaining loan balance
-$426,271
Cash to seller
$216,809

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

Seller’s Loan History

Lender

American Internet Mortgage Inc

Loan start date

December 2021

Original loan amount

$452,575

Est. remaining balance

$426,271

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Micah Chu and Elizabeth Foy White Chu

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: Pending/Under Contract

Tomo last checked: 10/05/2024 at 7:05 PM

Listing updated: 09/14/2024 at 2:49 PM

Listed by: Melisa Pierson, Windermere Realty Trust Phone #: (503) 233-7777

MLS: PortlandOR #24216689

PortlandOR logo

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