tomo logo

$575,000

Beds
4
Baths
2.5
sq ft
Unknown

8550 SW Schmidt Loop, Portland, OR 97224

8550 SW Schmidt Loop

Portland, OR 97224

  • 46 days on market
    • Open house Apr 06
Pristine & polished Heritage Crossing abode with craftsman-style accents is ready for your pickiest clients. The open concept living spaces speak to how we live & entertain these days. The main level is fabulous for entertaining – offering a gather worthy kitchen bar, open dining room & great room living area. Step out to the sunny deck & fenced, easy maintenance backyard for a touch of vitamin D – perfect for a busy lifestyle. Don’t miss the renovated half-bath! Upstairs provides a fantastic separation of space – and includes plenty of rooms for guests, family, home gym or office. The loft provides a quiet nook for reading, organization, or crafts. The primary suite includes an ample walk-in closet, double vanity & soak tub. Includes laundry room w/updated cabinetry & double-car garage w/ built-in storage. Just blocks to local schools & Cook Family Park. Only minutes to Bridgeport Village shopping & eateries. Commuting is a breeze with quick access to I-5, HWY 217, and HWY 99! Alternate phone number: 503-244-2300.

Details

Property type

Single Family Residence

Est. home value

$612,430

Lot size

2,613 sq ft

Price per sq ft

Unknown

Year built

2017

Annual property taxes

$5,490.41

Monthly HOA fee

$31

Price History

02/15/2025
PortlandOR

PortlandOR #158312357

Listed
$575,000
+12.75%
02/16/2021
PortlandOR

PortlandOR #21629256

Sold
$510,000
+27.5%
09/08/2017
PortlandOR

PortlandOR #17130437

Sold
$399,995

Schools & Community

Neighborhood: 

Durham Road

Elementary school: 

Durham

Middle school: 

Twality

High school: 

Tigard

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

$123,331
Asking price
$575,000
Closing costs (~8% of asking)
-$46,000
Est. remaining loan balance
-$405,669
Cash to seller
$123,331

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

February 2021

Original loan amount

$447,759

Est. remaining balance

$405,669

Interest rate

2.66%

Loan type

New Conventional, 30 year

Seller

John Robert Mccutcheon and Caleigh Elizabeth Zbinovec

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: 04/02/2025 at 4:05 PM

Listing updated: 03/31/2025 at 11:46 AM

Listed by: James Loos, Windermere Realty Trust Phone #: (503) 220-1144

MLS: PortlandOR #158312357

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