tomo logo

$1,150,000

Beds
4
Baths
3.5
sq ft
3,786

5516 SW Hamilton St, Portland, OR 97221

5516 SW Hamilton St

Portland, OR 97221

  • 16 days on market
This light-filled home with high ceilings, new flooring, and large windows offers creative spaces for all your hobbies, along with a fully updated income unit on the lower level. The rental unit features a newly remodeled kitchen with updated appliances, a private bedroom, bathroom, and a separate entrance, making it ideal for generating rental income or multigenerational living. Don’t forget to check out the spacious 5 car garage already wired for an EV charger. The main floor includes a private office with built-ins and French doors. The kitchen, with granite countertops, double ovens, and an eating area, looks out to the backyard, which includes mature trees and a large deck perfect for entertaining. The formal dining room is great for hosting, while the living room, framed by large windows, features a cozy fireplace.Upstairs, the great room offers flexible living space, with a bonus room that can serve as a home theater or second office. The primary suite includes an en suite bathroom with a jetted tub, a walk-in closet, and a connected room that could be used as a nursery, office, or additional closet.The low-maintenance side yard features a stone water feature, while the enclosed backyard includes a basketball hoop and grassy area, with potential for a garden.Located near OHSU, tech hubs, Washington Square, Hillsdale, and Raleigh Hills, this home offers both comfort and an excellent investment opportunity.[Home Energy Score = 6. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10213416]

Details

Property type

Single Family Residence

Est. home value

$1,031,615

Lot size

0.23 acres

Price per sq ft

$304

Year built

1993

Annual property taxes

$19,137.44

Price History

09/20/2024
PortlandOR

PortlandOR #24475837

Listed
$1,150,000
+19.17%
05/12/2023
PortlandOR

PortlandOR #23332287

Sold
$965,000

Schools & Community

Neighborhood: 

Bridlemile

Elementary school: 

Bridlemile

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

$392,832
Asking price
$1,150,000
Closing costs (~8% of asking)
-$92,000
Est. remaining loan balance
-$665,168
Cash to seller
$392,832

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

Seller’s Loan History

Lender

Bay Equity Llc

Loan start date

May 2023

Original loan amount

$675,500

Est. remaining balance

$665,168

Interest rate

6.42%

Loan type

New Conventional, 30 year

Seller

Luca Doan and Caitlin Johanna Vonloh Doan

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: 10/05/2024 at 9:30 PM

Listing updated: 09/23/2024 at 4:22 PM

Listed by: Lesly Hunnicutt, Redfin Phone #: (503) 496-7620

MLS: PortlandOR #24475837

PortlandOR logo

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