tomo logo

$589,000

Beds
3
Baths
2.5
sq ft
1,830

7400 N Newell Ave, Portland, OR 97203

7400 N Newell Ave

Portland, OR 97203

  • 12 days on market
Nestled on a quiet corner lot in the sought-after University Park neighborhood, this beautifully maintained home offers both tranquility and convenience. Built in 2013, it features an open floor plan with an inviting, light-filled living space and a private, fenced outdoor area—perfect for relaxation and entertainment. The main floor boasts hardwood floors, a cozy gas fireplace, and elegant built-ins, with granite countertops in the kitchen. Upstairs, you'll find a large ensuite primary bedroom, a library/family/sitting room, and a convenient second-floor laundry room. The second bedroom also enjoys great natural light, while the third-floor bedroom/den/office provides treetop views that make for a serene workspace or retreat.With nearby amenities including New Seasons, Fred Meyer, Cathedral Coffee, and various local restaurants and taverns, this home is perfectly positioned for easy modern living. Additional features include a covered patio, an attached garage with storage, high-quality finishes, and thoughtful design touches. [Home Energy Score = 8. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10194808]

Details

Property type

Single Family Residence

Est. home value

$549,840

Lot size

2,613 sq ft

Price per sq ft

$322

Year built

2013

Annual property taxes

$6,892.87

Price History

09/24/2024
PortlandOR

PortlandOR #24108865

Listed
$589,000
+7.09%
10/14/2021
PortlandOR

PortlandOR #21158738

Sold
$550,000
+19.7%
07/31/2018
PortlandOR

PortlandOR #18470177

Sold
$459,500

Schools & Community

Neighborhood: 

University Park

Elementary school: 

Astor

Middle school: 

Astor

High school: 

Roosevelt

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

$171,214
Asking price
$589,000
Closing costs (~8% of asking)
-$47,120
Est. remaining loan balance
-$370,666
Cash to seller
$171,214

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

October 2021

Original loan amount

$396,000

Est. remaining balance

$370,666

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Leslie Iverson

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

Price drop
PortlandOR
$525,000
3 bd
|
2.5 ba
|
1,847 sq ft
|
House

2509 N Hunt St, Portland, OR 97217

PortlandOR
$520,000
3 bd
|
2.5 ba
|
1,404 sq ft
|
House

2554 N Willis Blvd, Portland, OR 97217

Price drop
PortlandOR
$599,000
3 bd
|
2.5 ba
|
2,252 sq ft
|
House

5264 N Depauw St, Portland, OR 97203

Status: Active

Tomo last checked: 10/05/2024 at 9:25 PM

Listing updated: 09/26/2024 at 8:39 AM

Listed by: David Columbus, Living Room Realty Phone #: (503) 719-5588

MLS: PortlandOR #24108865

PortlandOR logo

Recently listed in Portland

$755,000|3 bd|2.0 ba|House
$1,650,000|5 bd|3.0 ba|House
$365,900|3 bd|2.5 ba|Condo
$639,900|3 bd|2.5 ba|House
$490,000|4 bd|2.0 ba|House
$410,000|2 bd|1.0 ba|House
$425,000|2 bd|2.5 ba|Townhouse
$255,000|1 bd|1.0 ba|Condo
$419,900|3 bd|1.0 ba|House
$142,000|3 bd|2.0 ba|Manufactured