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$1,195,000

Beds
5
Baths
3.5
sq ft
5,476

703 NW Wallula Ave, Gresham, OR 97030

703 NW Wallula Ave

Gresham, OR 97030

  • 300 days on market
    • Price drop $55,000↓
Rare opportunity to purchase the Boyd Estate that has been owned by the same family for over 30 years.Built in 1912 by notable local builders Jake Metzger and Fred Fieldhouse, this historic property is located in the heart of the desirable East Hill/NW neighborhood. Rich in original details featuring high ceilings in all rooms,vintage built-ins, large living/dining rooms that are perfect for entertaining large groups.The well equipped kitchen has a vast cooking island and plenty of storage space with sliding doors that lead to the outdoor living space overlooking the private lot.All of the bedrooms are located on the same upper floor, a primary suite plus 4 additional rooms and a full bathroom included. The lower level living space has a separate entrance, second kitchen,half bathroom, storage and additional bonus spaces which could be perfect for an ADU. Huge double garage with a large workshop area and a finished room above ready for an office space, art studio or lounge space.Located on a private 1.66 acre lot that includes a large vegetable garden and greenhouse zone,a curated English rose garden with a pond, large patio off of the kitchen perfect for entertaining and a forested area. This is a private, gated estate property yet close to Main street with local restaurants, cafes and boutiques. Convenient access to outdoor activities with close proximity to the Gorge, Mt Hood, trails and just minutes from the airport and downtown Portland.

Details

Property type

Single Family Residence

Est. home value

$1,249,070

Lot size

1.66 acres

Price per sq ft

$219

Year built

1912

Annual property taxes

$10,684.74

Price History

04/18/2024
PortlandOR

PortlandOR #23400053

Price change
$1,195,000
-4.4%
09/09/2023
PortlandOR

PortlandOR #23400053

Listed
$1,250,000

Schools & Community

Neighborhood: 

Northwest

Elementary school: 

East Gresham

Middle school: 

Dexter McCarty

High school: 

Gresham

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

$857,238
Asking price
$1,195,000
Closing costs (~8% of asking)
-$95,600
Est. remaining loan balance
-$242,162
Cash to seller
$857,238

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

Seller’s Loan History

Lender

First Technology Federal Cu

Loan start date

February 2013

Original loan amount

$330,000

Est. remaining balance

$242,162

Interest rate

3.37%

Loan type

New Conventional, 30 year

Seller

Matthew T Boyd and Kelsey M Boyd

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?

Similar Homes Nearby

PortlandOR
$1,199,000
3 bd
|
3.5 ba
|
4,545 sq ft
|
House

1696 SE 26th Dr, Gresham, OR 97080

Status: Active

Tomo last checked: 07/04/2024 at 9:20 PM

Listing updated: 05/31/2024 at 1:30 AM

Listed by: Marisa Swenson, Modern Homes Collective Phone #: (971) 285-7955

MLS: PortlandOR #23400053

PortlandOR logo

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