tomo logo

$1,150,000

Beds
3
Baths
3.0
sq ft
3,008

7427 SE Reed College Pl, Portland, OR 97202

7427 SE Reed College Pl

Portland, OR 97202

  • 96 days on market
    • Price drop $50,000↓
Nestled on one of Portland's most sought-after streets in Eastmoreland, this classic English home beautifully combines original character and modern updates. This timeless residence features a functional floor plan with three spacious bedrooms upstairs, including a primary suite with an updated bathroom and walk-in closet. Additional features include a new 50-year roof installed in 2018, hardwood floors throughout the top two floors, an updated kitchen with ample storage, granite countertops, and newer appliances, as well as updated windows. The large finished basement includes a built-in bar, perfect for entertaining. Cozy up to one of the two fireplaces or enjoy the serene and private patio, ideal for outdoor gatherings. Situated in an amazing location, this home is just moments away from Duniway Elementary, Eastmoreland Golf Course, and the vibrant neighborhoods of Sellwood/Moreland and Woodstock, offering an array of shops, restaurants, and more. Experience the perfect blend of historic charm and contemporary living!

Details

Property type

Single Family Residence

Est. home value

$984,773

Lot size

5,662 sq ft

Price per sq ft

$383

Year built

1931

Annual property taxes

$13,277.44

Price History

10/14/2024
PortlandOR

PortlandOR #24596718

Price change
$1,150,000
-4.17%
08/01/2024
PortlandOR

PortlandOR #24596718

Listed
$1,200,000
+36.36%
10/30/2020
PortlandOR

PortlandOR #20553171

Sold
$880,000

Schools & Community

Neighborhood: 

Eastmoreland

Elementary school: 

Duniway

Middle school: 

Sellwood

High school: 

Cleveland

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

$602,165
Asking price
$1,150,000
Closing costs (~8% of asking)
-$92,000
Est. remaining loan balance
-$455,835
Cash to seller
$602,165

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

October 2020

Original loan amount

$500,000

Est. remaining balance

$455,835

Interest rate

2.93%

Loan type

New Conventional, 30 year

Seller

Pamela R Edington and William M B Edington

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: 11/05/2024 at 11:40 AM

Listing updated: 10/18/2024 at 8:13 AM

Listed by: Jenna Hasson, Cascade Hasson Sotheby's International Realty Phone #: (503) 228-9801

MLS: PortlandOR #24596718

PortlandOR logo

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