tomo logo

$539,000

Beds
5
Baths
2.0
sq ft
1,926

506 Ridings Ave, Molalla, OR 97038

506 Ridings Ave

Molalla, OR 97038

  • 8 days on market
This home has had plenty of updates including new exterior paint recently. There are 5 bedrooms and 2 bathrooms. There is a bedroom on the main level as well as a full bath. Kitchen has previously been renovated with quartz countertops, SS appliances, and nice counter space. The main living room is quite large with a woodstove insert (not certified), with lots of nature light. Both the front yard and back yards are nicely landscaped. The back yard in entirely fenced and also has two separate areas for use as a dog run or poultry coop, while the other side has a greenhouse, garden shed and a nice sized garden area. There is a large patio area which is partially covered but also boasts a nice outdoor firepit with log benches. Next to the garage is plenty of room for RV parking, as well as additional parking behind the gated fence in the backyard. The place is ready for year-round entertaining (inside and out), as well as its waiting for all your toys. Come make this your next home.

Details

Property type

Single Family Residence

Est. home value

$520,757

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$280

Year built

1967

Annual property taxes

$4,450.8

Price History

11/14/2024
PortlandOR

PortlandOR #24651109

Listed
$539,000
+3.75%
09/30/2022
PortlandOR

PortlandOR #22512409

Sold
$519,500
+67.58%
04/18/2018
PortlandOR

PortlandOR #17371467

Sold
$310,000

Schools & Community

Elementary school: 

Molalla

Middle school: 

Molalla River

High school: 

Molalla

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

-$19,415
Asking price
$539,000
Closing costs (~8% of asking)
-$43,120
Est. remaining loan balance
-$515,295
Cash to seller
-$19,415

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

Seller’s Loan History

Lender

Nations Direct Mortgage Llc

Loan start date

September 2022

Original loan amount

$531,448

Est. remaining balance

$515,295

Interest rate

5.22%

Loan type

VA, 30 year

Seller

Eric J Clark and Patricia D Clark

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: 11/22/2024 at 12:05 PM

Listing updated: 11/19/2024 at 2:04 AM

Listed by: John Leiby, MORE Realty Phone #: (503) 353-6673

MLS: PortlandOR #24651109

PortlandOR logo

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