tomo logo

$988,000

Beds
3
sq ft
Unknown

8930 SW 5th Ave, Portland, OR 97219

8930 SW 5th Ave

Portland, OR 97219

  • 63 days on market
Unique vibrant fully furnished & permitted quadplex, located in unbeatable SW Portland just a short distance to Lewis & Clark Law school, ensuring remarkable occupancy rate with scarce vacancies! 9% rent increase in July 2024, aligning with the academic calendar. Beautiful landscaping, shared office & laundry facility. Free internet and netflix included in rent! This is a turnkey investment, with huge potential! Offers are subject to interior inspection. [Home Energy Score = 5. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10219892]

Details

Property type

Est. home value

$896,526

Lot size

6,534 sq ft

Price per sq ft

Unknown

Year built

1913

Annual property taxes

$7,067.41

Price History

05/15/2024
PortlandOR

PortlandOR #24255014

Listed
$988,000
+9.9%
04/02/2024
PortlandOR

PortlandOR #24606566

Removed
$899,000
02/21/2024
PortlandOR

PortlandOR #24606566

Listed
$899,000

Schools & Community

Neighborhood: 

Collins View

Elementary school: 

Capitol Hill

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

$853,867
Asking price
$988,000
Closing costs (~8% of asking)
-$79,040
Est. remaining loan balance
-$55,093
Cash to seller
$853,867

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

Seller’s Loan History

Lender

Spring Eq Llc

Loan start date

November 2020

Original loan amount

$70,000

Est. remaining balance

$55,093

Interest rate

2.35%

Loan type

New Conventional, 15 year

Seller

Monica Huggett and Roxanne Cumming

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?

Status: Active

Tomo last checked: 07/17/2024 at 12:25 AM

Listing updated: 07/16/2024 at 1:15 AM

Listed by: Chris Suarez, Keller Williams Sunset Corridor Phone #: (503) 748-8300

MLS: PortlandOR #24255014

PortlandOR logo

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