tomo logo

$575,000

Beds
1
Baths
1.0
sq ft
1,176

88970 Ross Ln, Springfield, OR 97478

88970 Ross Ln

Springfield, OR 97478

  • 30 days on market
Investors Dream! Three short term rentals + fully remodeled 1bed/1bath modern farm house on 2.24 acres right outside of Walterville! No expense spared on entire remodel project including new roof, new siding, new paint, new windows, new doors, new floors, and the list goes on...Brand new kitchen with custom cabinets, cedar shiplap ceiling, imported backsplash from Italy, quartz countertops, breakfast bar, and open concept layout. Primary bedroom has luxury finishes and walk-in shower, soaking tub, and jack/jill vanity. Carriage house is 1bed/1bath with full remodeled interior and massive backyard deck. Cottage is quaint and cute with two beds. Glamping tent perfect for summer guests. Buy + Host = Offset Your Mortgage or Investors add to your STR portfolio! Buyer to do all due diligence regarding permitted structures and regulations.

Details

Property type

Single Family Residence

Est. home value

$400,864

Property condition

Updated/Remodeled

Lot size

2.24 acres

Price per sq ft

$489

Year built

1945

Annual property taxes

$3,105.81

Price History

11/22/2024
PortlandOR

PortlandOR #24167318

Listed
$575,000
+57.97%
08/16/2021
PortlandOR

PortlandOR #21518593

Sold
$364,000

Schools & Community

Elementary school: 

Walterville

Middle school: 

Thurston

High school: 

Thurston

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

$198,494
Asking price
$575,000
Closing costs (~8% of asking)
-$46,000
Est. remaining loan balance
-$330,506
Cash to seller
$198,494

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

August 2023

Original loan amount

$335,400

Est. remaining balance

$330,506

Interest rate

6.67%

Loan type

New Conventional, 30 year

Seller

Mark W Miller and Joel S 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?

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Price drop
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38928 Hills Creek Rd, Springfield, OR 97478

Status: Active

Tomo last checked: 12/22/2024 at 2:20 AM

Listing updated: 12/09/2024 at 4:29 PM

Listed by: Daniel Gandee, Real Broker Phone #: (503) 360-1640

MLS: PortlandOR #24167318

PortlandOR logo

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