tomo logo

$335,000

Beds
3
Baths
2.0
sq ft
Unknown

55507 SW Horner Ln, Gaston, OR 97119

55507 SW Horner Ln

Gaston, OR 97119

  • 5 days on market
Fixer’s Dream on .43 Acres with Shops and Storage!This 1940 single-level home offers incredible potential for cash buyers or those with a rehab loan. With 1,582 sq. ft., this 3-4 bedroom, 2-bath home features a freshly painted interior and flexible spaces, including a smaller 4th bedroom that could serve as an office or den. The property boasts two shops, a large storage area, and ample room for hobbies or projects. The septic system was installed in 2017.While the home does need TLC, it sits on a spacious lot with room to make it your own. The roof is at the end of its life, and the sump pump is non-functional, so there may be water under the home. The seller is addressing the removal of remaining items from the property.If you’re looking for a property with land, shops, and potential, this could be the one! Bring your vision and tools to transform this unique opportunity into something truly special.Shop next to home 31x17Shed attached to shop 31x10Detached shop on opposite corner 20x30Roof end of life with bid for $8,000 to install 2nd layer. Failed sump pump so potential water under home.CASH OR REHAB ONLY.

Details

Property type

Single Family Residence

Est. home value

$278,549

Lot size

0.43 acres

Price per sq ft

Unknown

Year built

1940

Annual property taxes

$2,081.92

HOA

No

Price History

01/17/2025
PortlandOR

PortlandOR #117694848

Listed
$335,000
+88.73%
11/08/2019
PortlandOR

PortlandOR #19532002

Sold
$177,500

Schools & Community

Elementary school: 

Gaston

Middle school: 

Gaston

High school: 

Gaston

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

$95,659
Asking price
$335,000
Closing costs (~8% of asking)
-$26,800
Est. remaining loan balance
-$212,541
Cash to seller
$95,659

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

March 2022

Original loan amount

$225,060

Est. remaining balance

$212,541

Interest rate

3.56%

Loan type

VA, 30 year

Seller

Kevin Saeland and Danielle Victoria Saeland

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: 01/22/2025 at 5:00 AM

Listing updated: 01/20/2025 at 9:01 PM

Listed by: Timothy Saeland, RE/MAX Equity Group Phone #: (503) 626-4600

MLS: PortlandOR #117694848

PortlandOR logo

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