$370,000

5 Beds   2 Baths   1,856 Sq. Ft.   Single-Family
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Se Salmon St
Portland, OR 97216

Potential Profit

$138,138

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Status: Inactive
Listing ID: 55798725

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Property Information

  • Price: $370,000
  • Bedrooms: 5
  • Bathrooms: 2
  • Full Baths: 1
  • Half Baths: 1
  • Living Area Size: 1,856
  • Total Square Feet: 2,662
  • Lot Size: 0.16 acres
  • Fireplace: Yes
  • Heating Type: Fireplace
  • Year Built: 1957
  • Source ID: 19194663
  • Day(s) On Site: 451
  • Subdivision: RANCHWOOD
  • Elementary School: Mill Park
  • Junior High School: Floyd Light
  • Senior High School: David Douglas
  • Property Type: Single Family Dwelling

Potential Home Value

This property has untapped potential!

Current Value
$370,000
Potential Value
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Public Records

  • Bedrooms: 5
  • Baths: 1.5
  • Full Baths: 1
  • Half Baths: 1
  • No. of Stories: 1
  • Basement Sqft: 920
  • Fireplaces: BRICK CHIMNEY
  • Exterior Wall Type: WOOD
  • Foundation Type: CONCRETE
  • Heating Fuel: OIL
  • Heating Type: FORCED AIR
  • Roof Material: COMPOSITION
  • Roof Type: GABLE
  • Land Area Sqft: 7,035
  • Year Built: 1957
  • APN: R252123
  • Property Type: Single Family Residence
  • Living Sqft: 1,856
  • Sewer Type: PUBLIC
  • Subdivision: RANCHWOOD

Short Sale

Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value. Existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons.

First Steps to Buying a Short Sale

Short sales often present opportunities for real estate investors to purchase property at below market prices. A short sale occurs when the mortgage lender on a property agrees to give a release for less than the amount owed on the loan. This usually occurs when the loan on the property becomes delinquent and is headed toward foreclosure. An alert property owner who knows he is facing foreclosure is well advised to keep an open line of communication with his lender. And the lender is well advised to keep an open mind to the consequences of a loan default and the benefits of agreeing to a short sale. When the lender and property owner can agree on a short sale price, the owner can advertise that the property is a short sale and can list it accordingly. Such listings attract a lot of attention and can expedite the sale of the property.

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Portland, OR
Home Inspectors
Associated Master Inspectors, LLC Inc
Jay Hensleigh
503-236-1812
Miller Home Inspection, LLC
Michael Miller
503-954-4451
Preferred Home Inspections
Joel Van Dyke
503-828-8598
House Detective
Karen Krieger
509-713-0086
Tabor Northwest Home Inspections
Zach Cross
971-275-5014
Homes On This Street
View more homes on Se Salmon St
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Se Salmon St
Portland, OR 97216

5 Beds   2 Baths   1,856 sq. ft.   Single-Family

$370,000

Status: Inactive Listing ID: 55798725

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Se-Salmon-St-Portland-OR-97216/55798725_lid

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