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$704,390Estimated home value

Beds
2
Baths
2.5
sq ft
2,481

5523 SW Menefee Dr, Portland, OR 97239

5523 SW Menefee Dr

Portland, OR 97239

  • Sold On 8/30/2024
    • Price drop $50,000↓
Huge opportunity, there is no house like this in Portland's West Hills available at this price. First time on market in decades, this three level English Tudor in coveted Terwilliger Heights sits on a large private lot. The main floor has a spacious living room with wood burning fireplace, there is a formal dining room, both with oak hardwood floors. The main level also has a kitchen and a family room / den overlooking spacious back yard and a full bathroom. The upper level has oak floors in the bedrooms and hallway, two large bedrooms, plus a full bathroom. There is an unfinished walk-out basement with back yard access and an attached garden room as well! This home is a golden opportunity with cosmetic updates to turn it into the home you've always envisioned! Nestled in a very desirable neighborhood, this property is brimming with potential and possibilities. New roof installed in 2021

Details

Property type

Single Family Residence

Est. home value

$704,390

Lot size

8,712 sq ft

Price per sq ft

$242

Year built

1926

Annual property taxes

$12,692.31

Price History

08/29/2024
PortlandOR

PortlandOR #24216961

Sold
$571,000
-4.82%
08/20/2024
PortlandOR

PortlandOR #24216961

Removed
$599,900
08/08/2024
PortlandOR

PortlandOR #24216961

Pending
$599,900

Schools & Community

Neighborhood: 

Hillsdale

Elementary school: 

Rieke

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

$509,193
Asking price
$599,900
Closing costs (~8% of asking)
-$47,992
Est. remaining loan balance
-$42,715
Cash to seller
$509,193

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

Seller’s Loan History

Lender

Americas Wholesale Lndr

Loan start date

December 1997

Original loan amount

$181,300

Est. remaining balance

$42,715

Interest rate

7.21%

Loan type

Not Provided, 30 year

Seller

Harry Olson and Joy Olson

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: Off Market

Tomo last checked: 10/05/2024 at 4:40 PM

Listing updated: 08/30/2024 at 11:56 AM

Listed by: Rob Levy, Keller Williams Realty Professionals Phone #: (503) 546-9955

MLS: PortlandOR #24216961

PortlandOR logo

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