tomo logo

$524,900

Beds
3
Baths
2.0
sq ft
1,820

5407 Terra Cotta Dr SE, Salem, OR 97306

5407 Terra Cotta Dr SE

Salem, OR 97306

  • 2 days on market
    • Open house Dec 22
Charming one-level Banner home in highly sought-after South Salem! This thoughtfully designed Great Room floorplan boasts vaulted ceilings & oversized windows, creating an airy, light-filled space. Featuring engineered laminate flooring & beveled quartz countertops, the kitchen will delight any chef with a gas range, oversized pantry, and abundance of counter space.The luxurious owner’s suite offers: trayed ceiling, spacious WIC, and a spa-inspired step-in shower w/pebble flooring & floor lighting. Enjoy the warmth of the indoor/outdoor gas fireplace, perfect for cozy evenings & year-round outdoor entertaining. Conveniently located near medical facilities, Costco, and easy access to I-5. Don’t miss this incredible opportunity!

Details

Property type

Single Family Residence

Est. home value

$521,000

Lot size

8,276 sq ft

Price per sq ft

$289

Year built

2017

Annual property taxes

$5,915.65

Price History

12/20/2024
PortlandOR

PortlandOR #24308686

Listed
$524,900
+31.88%
03/10/2020
PortlandOR

PortlandOR #19209053

Sold
$398,000

Schools & Community

Neighborhood: 

South Gateway

Elementary school: 

Pringle

Middle school: 

Judson

High school: 

Sprague

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

$135,457
Asking price
$524,900
Closing costs (~8% of asking)
-$41,992
Est. remaining loan balance
-$347,451
Cash to seller
$135,457

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

Seller’s Loan History

Lender

Mortgage Research Center Llc

Loan start date

March 2020

Original loan amount

$384,338

Est. remaining balance

$347,451

Interest rate

3.6%

Loan type

VA, 30 year

Seller

Luke Schomberg and Kristy Schomberg

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: 12/21/2024 at 9:10 PM

Listing updated: 12/20/2024 at 1:11 PM

Listed by: Chris Aldrich, Windermere Heritage Phone #: (503) 558-4400

MLS: PortlandOR #24308686

PortlandOR logo

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