tomo logo

$469,000

Beds
2
Baths
1.0
sq ft
1,784

5525 Ocean St, Bay City, OR 97107

5525 Ocean St

Bay City, OR 97107

  • 31 days on market
Beautiful Vintage Home with Tillamook Bay Views! 2 bedrooms, 1 bathroom w/ open concept. Wrap around porch. Hardwood floors. Newer roof. New pellet stove. Extra parking for a boat or RV. Close to the Garibaldi marina. Easy to show...come take a look!

Details

Property type

Single Family Residence

Est. home value

$399,727

Lot size

0.35 acres

Price per sq ft

$263

Year built

1910

Annual property taxes

$2,232.41

Price History

08/16/2024
PortlandOR

PortlandOR #24491352

Listed
$469,000
+59.52%
11/01/2019
PortlandOR

PortlandOR #19692045

Sold
$294,000

Schools & Community

Elementary school: 

Garibaldi

Middle school: 

Neah-Kah-Nie

High school: 

Neah-Kah-Nie

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

$171,493
Asking price
$469,000
Closing costs (~8% of asking)
-$37,520
Est. remaining loan balance
-$259,987
Cash to seller
$171,493

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

Seller’s Loan History

Lender

Cornerstone First Mortgage Inc

Loan start date

January 2021

Original loan amount

$283,000

Est. remaining balance

$259,987

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Charles Eric Smith

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: 09/16/2024 at 1:20 PM

Listing updated: 09/04/2024 at 11:43 AM

Listed by: Jason Averill, RE/MAX HomeSource Phone #: (503) 842-2800

MLS: PortlandOR #24491352

PortlandOR logo

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