tomo logo

$555,000

Beds
3
Baths
2.0
sq ft
1,296

71451 London Rd, Cottage Grove, OR 97424

71451 London Rd

Cottage Grove, OR 97424

  • 2 days on market
Beautiful rural property. Quiet peaceful area. 3bed/2bath home on 1.89acres. New shop and RV cover with 220 power. Outbuildings, Complete fenced in garden area with raised beds. U/G irrigation. Propane & Gas Generator. Fully fenced with gate. New paint inside and out. New completely remodeled bathroom coming soon. All windows have been updated. Covered deck. Hot tub, fire pit, separate fenced areas. Virtual interior walk through tour link attached. Appointment only. Do not disturb residents! Please look at 2023 listing for springtime visual.

Details

Property type

Single Family Residence

Est. home value

$515,343

Lot size

1.89 acres

Price per sq ft

$429

Year built

1952

Annual property taxes

$1,834.83

Price History

12/20/2024
PortlandOR

PortlandOR #24553656

Listed
$555,000
+6.73%
06/23/2023
PortlandOR

PortlandOR #23462339

Sold
$520,000
+123.18%
07/09/2019
PortlandOR

PortlandOR #18124263

Sold
$233,000

Schools & Community

Elementary school: 

London

Middle school: 

Lincoln

High school: 

Cottage Grove

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

$331,766
Asking price
$555,000
Closing costs (~8% of asking)
-$44,400
Est. remaining loan balance
-$178,834
Cash to seller
$331,766

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

Seller’s Loan History

Lender

Secure Choice Lending

Loan start date

June 2023

Original loan amount

$182,000

Est. remaining balance

$178,834

Interest rate

6.39%

Loan type

New Conventional, 30 year

Seller

Donna Addison and Michael Addison

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?

Status: Active

Tomo last checked: 12/22/2024 at 9:15 AM

Listing updated: 12/21/2024 at 4:31 PM

Listed by: Julie Halderman, United Real Estate Properties Phone #: (541) 525-9060

MLS: PortlandOR #24553656

PortlandOR logo

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