tomo logo

$529,950

Beds
3
Baths
2.0
sq ft
Unknown

7007 N Knowles Ave, Portland, OR 97217

7007 N Knowles Ave

Portland, OR 97217

  • 48 days on market
    • Price drop $9,050↓
Welcome to 7007 North Knowles Avenue, a charming home on a corner lot in the highly desirable Arbor Lodge neighborhood, just under a mile from the University of Portland. This property offers an inviting blend of modern updates and classic charm. Inside, you'll find fresh interior paint throughout, including walls and trim, and beautifully refinished hardwood floors that flow seamlessly from the living room into the bedrooms. Open floor plan with two spacious bedrooms on the main. The kitchen has been completely refreshed with new flooring, cabinets, and countertops. The bathroom boasts a stylish new vanity and updated flooring. Fully finished basement with third legal bedroom, fourth den/studio, full bath and workshop/storage room and its own private entrance. With its flexible layout, the lower level could serve as a separate rental unit, duplex, or short-term rental—buyers are advised to confirm rental options with the city. Located just steps from Arbor Lodge Park, this home provides access to outdoor recreation, playgrounds, and community green space. Close to parks, dining, and local amenities, it offers excellent investment potential or multigenerational living opportunities. Seller has a roof bid and is prepared to replace the roof once an offer is pending. Buyer to pick out the roof color and roof warranty will be issued in the buyer's name and paid out of escrow. Seller will contribute to interest rate buy down! [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10201447]

Details

Property type

Single Family Residence

Est. home value

$553,827

Lot size

3,484 sq ft

Price per sq ft

Unknown

Year built

1949

Annual property taxes

$6,213.13

HOA

No

Price History

01/15/2025
PortlandOR

PortlandOR #24609854

Listed
$529,950
01/13/2025
PortlandOR

PortlandOR #24609854

Pending
$529,950
01/10/2025
PortlandOR

PortlandOR #24609854

Price change
$529,950
-1.68%

Schools & Community

Neighborhood: 

Arbor Lodge

Elementary school: 

Chief Joseph

Middle school: 

Ockley Green

High school: 

Jefferson

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

-$50,710
Asking price
$529,950
Closing costs (~8% of asking)
-$42,396
Est. remaining loan balance
-$538,264
Cash to seller
-$50,710

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

June 2022

Original loan amount

$560,500

Est. remaining balance

$538,264

Interest rate

5%

Loan type

New Conventional, 30 year

Seller

Matthew R Morse

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: 01/21/2025 at 8:55 PM

Listing updated: 01/21/2025 at 1:52 AM

Listed by: Nicole Richards, eXp Realty, LLC Phone #: (888) 814-9613

MLS: PortlandOR #24609854

PortlandOR logo

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