tomo logo

$532,500

Beds
3
Baths
2.0
sq ft
1,593

5761 Springwood Av SE, Salem, OR 97306

5761 Springwood Av SE

Salem, OR 97306

  • 56 days on market
    • Price drop $5,935↓
    • Open house Jul 03
Built in 2020 with TONS of updates! Luxurious living in Springwood Estates. This meticulously crafted single-level home offers an inviting open concept design, accentuated by soaring vaulted ceilings and an abundance of natural light streaming through big windows. Boasting a staggering $47,000 in upgrades, this home spares no expense. Step inside and be greeted by the warmth of a charming stone fireplace. The gourmet kitchen features a stunning waterfall counter, upgraded appliances including a 5-burner gas stove and double ovens, tile backsplash, and ample cabinetry.Practicality meets luxury with additional features such as ceiling fans, LVP flooring, privacy windows, and remote blinds for ultimate convenience. Entertain on the extended covered deck and unwind in the privacy of the fenced yard, complete with lush lawn and an enchanting arbor. Discover the convenience of an aggregate concrete driveway, complemented by underground sprinkler systems to keep your lawn vibrant year-round.There is also an insulated 2-car garage, equipped with hanging storage racks for added storage and organization.Skip the builder wait and embrace refined living in this exquisite Springwood Estates residence. Schedule your viewing today!

Details

Property type

Single Family Residence

Est. home value

$517,969

Lot size

4,791 sq ft

Price per sq ft

$335

Year built

2020

Annual property taxes

$4,599.87

Price History

06/24/2024
PortlandOR

PortlandOR #24342654

Price change
$532,500
-1.1%
06/17/2024
PortlandOR

PortlandOR #24342654

Price change
$538,435
-0.28%
06/07/2024
PortlandOR

PortlandOR #24342654

Removed
$539,935

Schools & Community

Neighborhood: 

South Gateway

Elementary school: 

Sumpter

Middle school: 

Crossler

High school: 

Sprague

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

$175,022
Asking price
$532,500
Closing costs (~8% of asking)
-$42,600
Est. remaining loan balance
-$314,878
Cash to seller
$175,022

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

Seller’s Loan History

Lender

Directors Mortgage Inc

Loan start date

July 2023

Original loan amount

$318,000

Est. remaining balance

$314,878

Interest rate

6.71%

Loan type

New Conventional, 30 year

Seller

Dorothy E Lewis and Marquess Lynn Lewis Jr

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: 07/02/2024 at 4:55 PM

Listing updated: 07/02/2024 at 9:13 AM

Listed by: Dewey Whitton, The Salem Real Estate Group Phone #: (503) 949-3623

MLS: PortlandOR #24342654

PortlandOR logo

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