tomo logo

$889,000

Beds
8
Baths
5.0
sq ft
4,158

631 NE 102nd Ave, Portland, OR 97220

631 NE 102nd Ave

Portland, OR 97220

  • 70 days on market
This is an exceptional chance for an Early Education provider to acquire 631 NE 102nd Ave, a property perfectly suited for a early education center. Located in proximity to the intersection of NE Glisan St and 102nd Ave, this property was previously under contract by a licensed provider and is now back on the market, ready for purchase.Key Highlights:Competitive Pricing: The initial asking price was $948,500. However, the owners previously negotiated a price of $889,000 with the former provider and are willing to sell at this same, favorable price.Change of Occupancy Completed: The necessary work to change the occupancy of the Southside to “E” occupancy has been completed. The Northside of the property is ready for “B” occupancy or ready for Living in a live-work use. The final permit (2024-029559-000-00-CO) has been issued and is ready to transfer to a new provider.Early Education Specific Plans: Architectural drawings tailored for a early education facility are available. These can be shared with or adopted by the new buyer, streamlining the redevelopment process.This property presents an unparalleled opportunity for the right provider to establish or expand their early education services in a prime location. Don't miss this chance to secure a turnkey solution for your early education center.

Details

Property type

Single Family Residence

Est. home value

$816,806

Lot size

0.27 acres

Price per sq ft

$214

Year built

1961

Annual property taxes

$5,788.23

Price History

10/13/2024
PortlandOR

PortlandOR #24091944

Listed
$889,000

Schools & Community

Neighborhood: 

Hazelwood

Elementary school: 

Ventura Park

Middle school: 

Floyd Light

High school: 

David Douglas

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Wells Fargo Bank Na

Loan start date

February 2019

Original loan amount

$466,400

Est. remaining balance

Not provided

Interest rate

3.89%

Loan type

Commercial, 10 year

Seller

631 Llc

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: 12/22/2024 at 2:55 AM

Listing updated: 10/13/2024 at 10:56 AM

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

MLS: PortlandOR #24091944

PortlandOR logo

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