tomo logo

$320,500

Beds
3
Baths
1.0
sq ft
1,933

8704 N Portsmouth Ave, Portland, OR 97203

8704 N Portsmouth Ave

Portland, OR 97203

  • 102 days on market
Price includes large grants. Resale, owner-occupancy and other restrictions apply. To keep the house affordable, Buyer profit at resale is limited to 25% of appreciation. Max income is $66,100 for a household of 1, $75,550 for 2, $85,000-3, $94,400-4, $102,000-5. Buyer must be pre-approved by a Proud Ground approved lender. Submit an application to, and receive an invitation from Proud Ground before submitting an offer. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10068544]

Details

Property type

Single Family Residence

Est. home value

$532,288

Lot size

3,920 sq ft

Price per sq ft

$166

Year built

1925

Annual property taxes

$3,472.67

Price History

11/06/2024
PortlandOR

PortlandOR #24366581

Removed
$320,500
10/30/2024
PortlandOR

PortlandOR #24366581

Listed
$320,500
09/11/2024
PortlandOR

PortlandOR #24366581

Listed
$320,500
-30.63%

Schools & Community

Neighborhood: 

Portsmouth

Elementary school: 

Cesar Chavez

Middle school: 

George

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

-$111,022
Asking price
$320,500
Closing costs (~8% of asking)
-$25,640
Est. remaining loan balance
-$405,882
Cash to seller
-$111,022

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

Seller’s Loan History

Lender

Us Bank Na

Loan start date

May 2020

Original loan amount

$448,140

Est. remaining balance

$405,882

Interest rate

3.33%

Loan type

New Conventional, 30 year

Seller

Omar Martinez

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: 12/22/2024 at 3:05 AM

Listing updated: 12/03/2024 at 2:01 PM

Listed by: Undra Adams, Proud Ground Phone #: (503) 493-0293

MLS: PortlandOR #24366581

PortlandOR logo

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