tomo logo

$299,000

Beds
2
Baths
2.0
sq ft
1,335

5858 S Riveridge Ln Unit 29, Portland, OR 97239

5858 S Riveridge Ln Unit 29

Portland, OR 97239

  • 212 days on market
    • Price drop $31,000↓
SHORT SALE - MOTIVATED SELLERS welcome you to your riverfront oasis! This spacious condominium offers the ultimate blend of luxury living and outdoor adventure on the Willamette River with direct access to the river walking path. As you enter, you will experience abundant natural light streaming through generous windows into the spacious interior with a peek-a-boo river view. Enjoy the many tasteful updates that enhance the spacious, open floor plan of this 1,355 SF, 2 bed, 2 bath waterfront condo. Everywhere you turn, thoughtful touches and textures create a rich sense of home including hardwood floors, a wood fireplace with indoor log storage, and luxurious full baths with exquisite finishes. The unit has an all-new HVAC; heat pump, fan coil with surge protector, and air purifier. Other practical amenities include secured parking, EV chargers, additional storage, bike storage, and boat or kayak storage options. The location provides easy access to downtown Portland and the Willamette River Greenway. Nearby Typsical's Beach provides direct water access for sunning, swimming, and launching canoes, kayaks, and paddle boards. Nearby Willamette Park offers an enclosed dog park, tennis courts, playground, and a launch for larger watercraft. Take classes at Willamette Sailing Club (or just watch the sailboats), and enjoy a delightful neighborhood complete with gyms, cafes, pet grooming, yoga studios, and groceries, all within a mile. Don't miss the opportunity to make this your forever home at such a reasonable price!

Details

Property type

Condominium

Est. home value

$365,510

Lot size

Unknown

Price per sq ft

$224

Year built

1976

Annual property taxes

$6,469.12

Monthly HOA fee

$678

Price History

11/13/2024
PortlandOR

PortlandOR #24374221

Price change
$299,000
-9.39%
11/01/2024
PortlandOR

PortlandOR #24374221

Listed
$330,000
10/28/2024
PortlandOR

PortlandOR #24374221

Removed
$330,000

Schools & Community

Neighborhood: 

Corbett-Terwilliger-Lair Hill

Elementary school: 

Capitol Hill

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

-$17,077
Asking price
$299,000
Closing costs (~8% of asking)
-$23,920
Est. remaining loan balance
-$292,157
Cash to seller
-$17,077

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

Seller’s Loan History

Lender

Bank Of England

Loan start date

May 2021

Original loan amount

$315,000

Est. remaining balance

$292,157

Interest rate

3.13%

Loan type

New Conventional, 30 year

Seller

Matthew Lauder Inman Cochraen and Carl Murray Spivey Cochraen

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: 11/21/2024 at 11:05 PM

Listing updated: 11/13/2024 at 11:21 AM

Listed by: Evan King, Neighbors Realty Phone #: (503) 444-9338

MLS: PortlandOR #24374221

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