tomo logo

$500,000

Beds
3
Baths
1.0
sq ft
1,024

6770 Ridgeway Rd, Sheridan, OR 97378

6770 Ridgeway Rd

Sheridan, OR 97378

  • Pending
Don't let the shops exterior fool you! This property features an amazing shop that is sure to please. Over 3500 sqft of play space with a small office. 200 amp service w/ 3 separate 220 outlets & a dedicated space for a hard-wired air compressor with its own circuit. Shop is insulated and features a wood burning stove for year round comfort as well as concrete floors. Home has undergone a full renovation with granite counters, stainless appliances, wood flooring and amazing energy efficiency upgrades. The home holds its temperature very well; the ductless heat pump is rarely used during the year. Large covered back deck provides additional lounging space. On Buell-Red Prairie Water District with 500 gal holding tank and pressure tank. Thoughtfully landscaped to provide optimal privacy. Property features seasonal creek with foot bridge along with walnut, pear and apple trees. Chicken coop, woodshed and covered equipment shed. Located approximately 30 minutes from Salem, McMinnville and the coast. This small acreage property has a little for everyone to enjoy.

Details

Property type

Single Family Residence

Est. home value

$445,347

Property condition

Updated/Remodeled

Lot size

1.64 acres

Price per sq ft

$489

Year built

1967

Annual property taxes

$1,814.54

Price History

10/07/2024
PortlandOR

PortlandOR #24693363

Pending
$500,000
09/01/2024
PortlandOR

PortlandOR #24693363

Removed
$500,000
08/31/2024
PortlandOR

PortlandOR #24693363

Listed
$500,000

Schools & Community

Elementary school: 

Willamina

Middle school: 

Willamina

High school: 

Willamina

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

$70,673
Asking price
$500,000
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$389,327
Cash to seller
$70,673

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

February 2023

Original loan amount

$397,000

Est. remaining balance

$389,327

Interest rate

6.42%

Loan type

New Conventional, 30 year

Seller

Elizabeth Marie Shrader and Jayme B Shrader

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: Pending/Under Contract

Tomo last checked: 11/03/2024 at 4:50 AM

Listing updated: 10/07/2024 at 4:30 PM

Listed by: Beverly Sinclair, Bella Casa Real Estate Group Phone #: (503) 437-9005

MLS: PortlandOR #24693363

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