tomo logo

$1,150,000

Beds
5
Baths
3.0
sq ft
4,566

5709 N Vancouver Ave, Portland, OR 97217

5709 N Vancouver Ave

Portland, OR 97217

  • 54 days on market
    • Price drop $50,000↓
Step into your own urban sanctuary with this beautifully revived Colonial-Revival estate. Nestled in a charming neighborhood, this home combines historic elegance with modern convenience. Since 2005, meticulous efforts have restored this gem to its former splendor. Major updates include down to studs remodel w/ insulated walls, modernized electrical and plumbing systems, new roof, a new water line from street, a new water heater, and air conditioning. The original windows and doors have been replaced with high-quality double-pane wood versions and custom-crafted solid wood doors. A lighting expert was enlisted to restore and source period-specific lighting fixtures, from the leaded crystal chandelier in the foyer to the 19th-century French living room light, and the vintage Holophane pendants with custom rods in the kitchen. The heart of the home—the kitchen—merges style and practicality, featuring elegant Kraftmade cherry cabinets, designer tile, a Wolf 6-burner gas range, and a spacious Sub-Zero refrigerator. With five generously sized bedrooms, each equipped with impressive closets, and multiple living areas, there’s ample space for everyone. Downstairs is finished with laundry room, private 5th bedroom and kitchen lending itself to multi generational living. The outdoor spaces are just as inviting, with a double lot offering diverse hardscaped areas and pathways designed for entertainment. Enjoy lush greenery, garden beds, native pollinators, and summer berries amidst various seating zones. The thoughtfully designed grounds include an iron fence with custom oversized gates and security locks, ensuring your pets can roam freely and safely. And with very low taxes, this home is as practical as it is picturesque! ***Open Sunday 10/13 12-2pm*** [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10221200]

Details

Property type

Single Family Residence

Est. home value

$1,222,698

Lot size

0.23 acres

Price per sq ft

$252

Year built

1906

Annual property taxes

$6,218.45

Price History

10/10/2024
PortlandOR

PortlandOR #24681097

Price change
$1,150,000
-4.17%
09/12/2024
PortlandOR

PortlandOR #24681097

Listed
$1,200,000

Schools & Community

Neighborhood: 

Humboldt

Elementary school: 

Beach

Middle school: 

Ockley Green

High school: 

Jefferson

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

$338,925
Asking price
$1,150,000
Closing costs (~8% of asking)
-$92,000
Est. remaining loan balance
-$719,075
Cash to seller
$338,925

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

Seller’s Loan History

Lender

Citizens Bank

Loan start date

October 2023

Original loan amount

$726,200

Est. remaining balance

$719,075

Interest rate

7.18%

Loan type

New Conventional, 30 year

Seller

Rachel Michelle Adair and Erin Joyce

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: 11/05/2024 at 4:40 AM

Listing updated: 10/16/2024 at 2:03 AM

Listed by: Andrew Galler CRS, Realty Works Group Phone #: (503) 975-1829

MLS: PortlandOR #24681097

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