tomo logo

$342,500

Beds
3
Baths
2.0
sq ft
1,165

7937 SW 40th Ave Unit C, Portland, OR 97219

7937 SW 40th Ave Unit C

Portland, OR 97219

  • 138 days on market
Lovely 3-bedroom condo near charming Multnomah Village & Gabriel Park! This one level condo is a great rental and investment opportunity. No rental cap. Current owners had rented it to OHSU medical students. It features an open floor plan w/ a large living room that flows into the kitchen & dining room--perfect for gatherings & entertaining. The modern kitchen includes bamboo floors, shaker cabinets & stainless appliances. Primary bedroom w/ walk-in closet & attached full bath. Relax on the covered deck w/ enclosed storage room. Ideally located at the back of complex w/ extra guest parking & green space for pets. Community pool & spa. Amazing location walkable to Multnomah Village & Gabriel Park. 2 covered parking spaces #38 & #40. Newer siding, windows, exterior paint. Fridge, washer/dryer, microwave & portable a/c included. NO SPECIAL ASSESSMENT FEE ADDED TO MONTHLY HOA. IT HAS BEEN PAID OFF FOR THIS CONDO.

Details

Property type

Condominium

Est. home value

$312,327

Lot size

Unknown

Price per sq ft

$294

Year built

1990

Annual property taxes

$5,378.16

Monthly HOA fee

$656

Price History

06/20/2024
PortlandOR

PortlandOR #24125278

Listed
$342,500
+39.8%
05/15/2020
PortlandOR

PortlandOR #20681985

Sold
$245,000
+11.36%
02/17/2017
PortlandOR

PortlandOR #17443356

Sold
$220,000

Schools & Community

Neighborhood: 

Multnomah

Elementary school: 

Maplewood

Middle school: 

Jackson

High school: 

Ida B Wells

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

$159,045
Asking price
$342,500
Closing costs (~8% of asking)
-$27,400
Est. remaining loan balance
-$156,055
Cash to seller
$159,045

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

May 2020

Original loan amount

$171,500

Est. remaining balance

$156,055

Interest rate

3.5%

Loan type

New Conventional, 30 year

Seller

Andrew G Fuson and Bonnie L Fuson

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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4819 SW Beaverton Hillsdale Hwy, Portland, OR 97221

Status: Active

Tomo last checked: 11/05/2024 at 2:35 PM

Listing updated: 10/31/2024 at 8:40 AM

Listed by: Jeanie Williams, Berkshire Hathaway HomeServices NW Real Estate Phone #: (503) 624-9660

MLS: PortlandOR #24125278

PortlandOR logo

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