tomo logo

$405,000

Beds
1
Baths
1.0
sq ft
920

949 NW Overton St Unit 505, Portland, OR 97209

949 NW Overton St Unit 505

Portland, OR 97209

  • Pending
Welcome to The Encore, where luxury meets convenience in the vibrant Pearl District. This stunning 1-bedroom condo on the 5th floor offers an unparalleled urban living experience with a spacious open floor plan featuring floor-to-ceiling windows, elegant Brazilian cherry hardwood floors, and a gourmet kitchen with a generous island and quartz countertops. The flexible den space is ideal for a dining area, home office, or an additional sleeping area with a Murphy bed. Step out from the living room onto the large covered balcony to enjoy your morning coffee or entertain friends and family on warm summer nights. The building boasts fantastic amenities, including a fitness center and community room on the 3rd floor, a security front door and an on-site manager for added convenience. Your unit comes with a deeded parking space and storage unit. The Encore is a modern 16-floor condominium building situated directly on The Fields Park, offering open spaces and a children?s play area. Just one block from the river and bike/walking paths, it provides easy access to outdoor activities. Living in the coveted Pearl District means you?re part of a vibrant community transformed from historic warehouses and rail yards to a bustling neighborhood filled with parks, shops, coffee houses, breweries, and restaurants. Residents enjoy close proximity to China Town, Downtown, NW 23rd, the waterfront, and the Portland Streetcar and mass transit, making it easy to explore everything the city has to offer. Experience the best of urban living at The Encore, where your luxurious new home awaits!

Details

Property type

Condominium

Est. home value

$437,100

Lot size

Unknown

Price per sq ft

$441

Year built

2007

Annual property taxes

$6,081.01

Monthly HOA fee

$617

Price History

08/27/2024
PortlandOR

PortlandOR #24404972

Pending
$405,000
07/24/2024
PortlandOR

PortlandOR #24404972

Listed
$405,000
-8.99%
06/02/2021
PortlandOR

PortlandOR #21440609

Sold
$445,000

Schools & Community

Neighborhood: 

Pearl District

Elementary school: 

Chapman

Middle school: 

West Sylvan

High school: 

Lincoln

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

$752
Asking price
$405,000
Closing costs (~8% of asking)
-$32,400
Est. remaining loan balance
-$371,848
Cash to seller
$752

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

Seller’s Loan History

Lender

First Technology Federal Cu

Loan start date

May 2021

Original loan amount

$400,500

Est. remaining balance

$371,848

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Chun Li Lo

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: Pending/Under Contract

Tomo last checked: 09/07/2024 at 6:35 PM

Listing updated: 09/07/2024 at 2:45 AM

Listed by: Alexis Halmy, Windermere Realty Trust Phone #: (503) 636-5000

MLS: PortlandOR #24404972

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