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$1,228,353Estimated home value

Beds
5
Baths
5.5
sq ft
3,893

5815 SW Orchid Dr, Portland, OR 97219

5815 SW Orchid Dr

Portland, OR 97219

  • Off market
    • Price drop $99,900↓
Light, bright one level home situated on a beautiful private lot. 5 ensuite bedrooms, 5.5 baths laid out in a spacious 3839 sq ft. Owners spared no expense updating lighting, fixtures, landscaping, appliances, HVAC and added a Generac generator that powers the entire home in case of an outage. Open floor plan has generous space for family gathering and entertaining with walls of windows providing natural light. Secluded private back patio with covered area, gazebo and water feature creates a serene getaway. An English garden featuring roses that would impress the most discerning Portland Rosarian is a gardener's dream while remaining easy to maintain. Minutes from downtown PDX, shopping, restaurants, medical facilities. Property is a great option for multigenerational living. Bedroom currently set up as a gym, was previously used as a nanny's quarters and has a separate entrance. This dream home is tucked up on a hill for exceptional privacy and enjoyment of the best of the PNW. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10189077]

Details

Property type

Single Family Residence

Est. home value

$1,228,353

Lot size

0.44 acres

Price per sq ft

$309

Year built

2001

Annual property taxes

$20,745.32

Price History

08/25/2024
PortlandOR

PortlandOR #24688223

Removed
$1,200,000
08/03/2024
PortlandOR

PortlandOR #24688223

Price change
$1,200,000
-7.69%
07/16/2024
PortlandOR

PortlandOR #24688223

Listed
$1,299,900
+25.59%

Schools & Community

Neighborhood: 

Ashcreek

Elementary school: 

Markham

Middle school: 

Jackson

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

$236,202
Asking price
$1,200,000
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$867,798
Cash to seller
$236,202

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

Seller’s Loan History

Lender

Trident Home Loans Llc

Loan start date

April 2021

Original loan amount

$935,000

Est. remaining balance

$867,798

Interest rate

3.02%

Loan type

VA, 30 year

Seller

Ronald S Thornton Jr and Crystal N Thornton

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: Off Market

Tomo last checked: 08/25/2024 at 5:05 PM

Listing updated: 08/24/2024 at 4:50 PM

Listed by: Nick Shivers, Keller Williams PDX Central Phone #: (503) 548-4848

MLS: PortlandOR #24688223

PortlandOR logo

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