tomo logo

$399,000

Beds
2
Baths
1.0
sq ft
1,096

513 N Cook St, Portland, OR 97227

513 N Cook St

Portland, OR 97227

  • 58 days on market
    • Price drop $1,000↓
Opportunity knocks! Your choice, rehab or tear it down and build new. Rent out the home while going through the permit/design process; all it needs is your imagination. Two tax lots with the house on one and the other is vacant with RM2 zoning (package priced at $400,000), so you have lots of options. Central location in the Boise neighborhood with easy access to all that's happening on N Mississippi Ave and N. Vancouver Ave, New Seasons Market, Legacy Emanuel Hospital and just blocks from Denorval Unthank City Park. Don't miss this one! [Home Energy Score = 5. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10219255]

Details

Property type

Single Family Residence

Est. home value

$497,123

Property condition

Fixer

Lot size

Unknown

Price per sq ft

$365

Year built

1890

Annual property taxes

$822.54

Price History

05/24/2024
PortlandOR

PortlandOR #24424411

Price change
$399,000
-0.25%
05/13/2024
PortlandOR

PortlandOR #24424411

Price change
$400,000
-3.61%
04/27/2024
PortlandOR

PortlandOR #24424411

Price change
$415,000
-2.35%

Schools & Community

Neighborhood: 

Boise

Elementary school: 

Boise-Eliot

Middle school: 

Harriet Tubman

High school: 

Jefferson

Tracey, Home Search Advisor
Tracey
Home Search Advisor

How can I help? Hi, I’m Tracey, your real estate expert. Send me your questions about this listing or about shopping for homes.

Response time: 20 min or less

or text or call (404) 738-5385

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

$343,548
Asking price
$399,000
Closing costs (~8% of asking)
-$31,920
Est. remaining loan balance
-$23,532
Cash to seller
$343,548

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

Seller’s Loan History

Lender

City Of Portland

Loan start date

December 2016

Original loan amount

$40,177

Est. remaining balance

$23,532

Interest rate

2.76%

Loan type

Not Provided, 16 year

Seller

Thomas Knight

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?

Similar Homes Nearby

Price drop
PortlandOR
$399,000
3 bd
|
1 ba
|
1,351 sq ft
|
House

546 NE Stanton St, Portland, OR 97212

Price drop
PortlandOR
$369,900
2 bd
|
2.5 ba
|
936 sq ft
|
Townhouse

3560 NE Garfield Ave Unit 6, Portland, OR 97212

Price drop
PortlandOR
$374,900
2 bd
|
2.5 ba
|
936 sq ft
|
Townhouse

3554 NE Garfield Ave Unit 3, Portland, OR 97212

Status: Active

Tomo last checked: 06/02/2024 at 2:50 PM

Listing updated: 05/31/2024 at 1:12 AM

Listed by: Rick McDowell, Premiere Property Group, LLC Phone #: (503) 670-9000

MLS: PortlandOR #24424411

PortlandOR logo

Recently listed in Portland