tomo logo

$649,000

Beds
6
Baths
3.0
sq ft
3,042

6825 NE Prescott St, Portland, OR 97218

6825 NE Prescott St

Portland, OR 97218

  • 77 days on market
    • Price drop $26,000↓
Super-sweet spot in Cully, 2 distinct homes plus an oversized garage/workshop on a large lot! Always wanted your own compound? Well, here's your chance. Potential to add another dwelling unit per the City of Portland's Residental Infill Project. Primary Residence/Unit #A is a roomy 4 bedroom, 2 bath plus a fully finished basement with exterior entrance. It's updated where it counts, new electrical service, panel, water line, water heater, newer roof, furnace, and modern kitchen. The home maintains it's 1930's charm with original wood floors, solid wood doors, stone fireplace, and bountiful garden space. With a finished basement, existing bathroom, exterior entrance...does this scream 3rd unit??? ADU/Unit #B is a 1926 single level home that was given new life via relocation from an adjacent property. This 800 square foot, 2 bedroom, 1 bath transplant sits on a new foundation along with a new roof, water line, and electrical service. Enjoy the private yard on your new front porch or happy hour from your new side deck. Revamp the interior and you'll be ready to roll with either a sweet rental or a fresh new pad for yourself. From this stellar location, walk to all things Portland having coffee, food trucks and brews just down the street. Looking to generate extra income? A multi- generational living situation? At home business/office? Workshop? A friends as neighbors scenario? Potentially live in one house and rent out the other, rent both, add a third unit. Choose your own adventure with the upswing potential of this unique property. Buyer to do their own due diligence for development options. Multifamily listing MLS #24334662 [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10231783]

Details

Property type

Single Family Residence

Est. home value

$945,656

Lot size

6,969 sq ft

Price per sq ft

$214

Year built

1939

Annual property taxes

$4,607.79

Price History

10/16/2024
PortlandOR

PortlandOR #24268936

Price change
$649,000
-3.85%
09/06/2024
PortlandOR

PortlandOR #24268936

Listed
$675,000

Schools & Community

Neighborhood: 

Cully

Elementary school: 

Scott

Middle school: 

Roseway Heights

High school: 

Leodis McDaniel

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

Dumont Llc

Loan start date

April 2023

Original loan amount

$420,000

Est. remaining balance

$0

Interest rate

6.32%

Loan type

New Conventional, 1 year

Seller

6841 Ne Prescott 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: 11/21/2024 at 5:50 PM

Listing updated: 11/18/2024 at 3:41 PM

Listed by: Tyra Grove, Wood Land Realty Phone #: (503) 522-1691

MLS: PortlandOR #24268936

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