tomo logo

$420,000

Beds
3
Baths
1.5
sq ft
1,060

8809 SE Reedway St, Portland, OR 97266

8809 SE Reedway St

Portland, OR 97266

  • 49 days on market
    • Price drop $5,000↓
Darling and move-in ready. So many upgrades! The kitchen features new cabinetry, quartz counters, newer appliances and a spacious pantry. The living room has vaulted ceilings and room to entertain. Attached two car garage. Sliding glass door in dining room opens to fenced yard. Updated full bathroom with laundry area. Primary bedroom has double closets and attached 1/2 bathroom. Lots of room in bedrooms #2 & #3! Move in today! Seller's preferred lender is offering buyers a 1% buy down on rate for the first year. [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10047104]

Details

Property type

Single Family Residence

Est. home value

$393,243

Lot size

3,920 sq ft

Price per sq ft

$397

Year built

1978

Annual property taxes

$4,576.85

Price History

08/17/2024
PortlandOR

PortlandOR #24617953

Price change
$420,000
-1.18%
08/01/2024
PortlandOR

PortlandOR #24617953

Listed
$425,000
+30.81%
01/10/2020
PortlandOR

PortlandOR #19507935

Sold
$324,900

Schools & Community

Neighborhood: 

Lents

Elementary school: 

Lent

Middle school: 

Kellogg

High school: 

Franklin

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

$32,719
Asking price
$420,000
Closing costs (~8% of asking)
-$33,600
Est. remaining loan balance
-$353,681
Cash to seller
$32,719

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

November 2023

Original loan amount

$356,125

Est. remaining balance

$353,681

Interest rate

7.49%

Loan type

FHA, 30 year

Seller

Jennifer Miller

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
$399,000
3 bd
|
2 ba
|
1,232 sq ft
|
House

4558 SE 96th Ave, Portland, OR 97266

PortlandOR
$479,900
3 bd
|
2 ba
|
1,162 sq ft
|
House

2974 SE 109th Ave, Portland, OR 97266

PortlandOR
$465,000
3 bd
|
2 ba
|
1,252 sq ft
|
House

3522 SE 68th Ave, Portland, OR 97206

Status: Active

Tomo last checked: 09/19/2024 at 12:15 PM

Listing updated: 09/15/2024 at 9:49 AM

Listed by: Jeremy Johansen, Lovejoy Real Estate Phone #: (503) 312-4642

MLS: PortlandOR #24617953

PortlandOR logo

Recently listed in Portland

$675,000|3 bd|2.0 ba|House
$299,900|2 bd|1.5 ba|Townhouse
$359,900|2 bd|2.5 ba|Townhouse
$860,000|4 bd|2.5 ba|House
$845,000|4 bd|3.5 ba|House
$790,000|5 bd|2.5 ba|House
$450,000|2 bd|2.0 ba|House
$475,000|2 bd|1.0 ba|House
$1,398,000|4 bd|3.5 ba|House
$425,000|4 bd|2.0 ba|House