On the market: Homes for sale with huge price cuts up to $500000 - OregonLive

Imagine saving a half million dollars on most people's biggest purchase: A home.

This might be the time: High-end properties are taking longer to sell in this slower market.

For years in the Portland area, residential properties were going fast and for high figures; some were the center of bidding wars.

Now that the market has slowed, buyers feel they have more power than in the past to negotiate on price, repairs or closing costs.

Sellers still have a slight advantage because of low inventory, but when offers aren't rolling in, the asking price usually drops.

Here are 12 Portland-area homes for sale with deep discounts, one cut climbed to $500,000.

--Janet Eastman | 503-294-4072

jeastman@oregonian.com | @janeteastman

John L. Scott

$500,000 price drop on West Hills traditional house

2448 S.W. Commonwealth Ave. is for sale at $2,250,000, a reduction of $500,000 since being listed Aug. 1, 2019 for $2,750,000.

The completely remodeled traditional-style house, built in 1989 on an almost quarter acre, has city, mountain and river views. There are five bedrooms, three full bathrooms, three partial bathrooms and 5,884 square feet of living space plus decking on three level and a four-car garage.

"Open floor plan perfect for entertaining. Fabulous landscaping, greenhouse, water feature, two entrances, possible home office or guest quarters,” says listing agent Catherine Fredette of John L. Scott.

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Tree City Real Estate

$309,000 price drop on Happy Valley vineyard estate

12177 S.E. Greiner Lane is for sale at $1,690,000, a reduction of $309,000 since being listed Sept. 4, 2019 for $1,999,999.

The four-level, vineyard estate, built in 2006 on one acre, has six bedrooms, six bathrooms and 10,071 square feet of living space. Pinot noir grapes grow on the property.

“Posh elegance of Italy overlooking sun-swept vistas leading to picturesque views. This hilltop home is a chef's paradise. Next Generational living,” says listing agent Lizbeth Hale of Tree City Real Estate. Sellers are licensed agents in the state of Oregon.

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Hasson Company

$250,000 price drop on Fulton Park farmhouse

7615 S.W. Kelly Ave. is for sale at $1 million, a reduction of $250,000 since being listed May 9, 2019 for $$1,250,000.

The Victorian farmhouse, built in 1877 on 0.32 wooded acres, has been restored and rebuilt for modern living.

The two-level house has three bedrooms, 2.5 bathrooms and 3,442 square feet of living space.

“Oversized garage-shop-carriage house with studio above complete with half bathroom makes the perfect overflow home business and creative space,” say listing agents Chris Bonner and Lee McKnight of Hasson Company.

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Keller Williams Realty Portland Premiere

$245,000 price drop on Irvington Victorian

1503 N.E. Schuyler St. is for sale at $1,750,000, a reduction of $245,000 since being re-listed April 18, 2019 for $1,995,000.

The four-level Victorian-era house, built in 1906 on a 10,018-square-foot lot, has eight bedrooms, 9.5 bathrooms and 9,212 square feet of living space.

The master suite on the main level is attached to an office with a private door and plumbed for a kitchen.

The basement apartment has a kitchenette, full bathroom, laundry and private entrance.

"Awesome opportunity to own a fully furnished Victorian Bed and Breakfast or convert into condos or live in this amazing, Historic Irvington mansion," say listing agents Marc Fox and Matthew Soukup of Keller Williams Realty Portland Premiere.

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Windermere Realty Trust

$235,000 price drop on Dunthorpe Country French

11355 S.W. Northgate Court is for sale at $1,650,000, a reduction of $235,000 since being listed May 6, 2019 for $1,885,000.

The three-level house, built in 1991 on 0.9 acres, has five bedrooms, 5.5 bathrooms and 6,772 square feet of living space including two bonus rooms and a wine cellar.

“Owners have done extensive updates which include major kitchen remodel custom cabinetry, marble counters, hardwood floors, stainless-steel appliances and multiple bathroom remodels. Lower level perfect for mother-n-law apartment or nanny quarters,” say listing agents Teri Nelson and Heather Jenkins of Windermere Realty Trust.

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Windermere Realty Trust

$202,000 price drop on Southwest Hills Craftsman

6330 S.W. Sweetbriar Court is for sale at $1,998,000, a reduction of $202,000 since being listed July 10, 2019 for $2.2 million.

The two-level Craftsman house, built in 2005 on 0.46 acres, has six bedrooms, five bathrooms and 6,238 square feet of living space.

The main level living includes a master suite, high-end kitchen, game room and fitness room.

The backyard has a splash pad, fire pit and a basketball court on modern etched concrete.

“Masterfully designed for higher expectations, this custom estate offers a stunning indoor outdoor lifestyle. Relax and enjoy the privacy,” says listing agent Dennis Laird of Windermere Realty Trust.

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Windermere Realty Trust

$200,000 price drop on Sauvie Island contemporary

14025 N.W. Charlton Road is for sale at $1,295,000, a reduction of $200,000 since being listed Nov. 8, 2018 for $1,495,000.

The two-level contemporary-style house, built in 1975 on 3.49 acres, has six bedrooms, four bathrooms and 4,673 square feet of living space.

The upper terrace overlooks an orchard. There is a detached two-bay shop with RV parking and office space.

“Portland's rural oasis only 15 minutes from N.W. Portland, this private home boasts two master suites on the main level, floor-to-ceiling windows with mountain and pastoral views; sprawling entertaining spaces; a spacious great room and a gourmet kitchen,” says listing agent Matt Mahaffy of Windermere Realty Trust.

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Homeworthy Oregon

$150,100 price drop on Wilsonville Colonial

32035 S.W. Guiss Way is for sale at $799,900, a reduction of $150,100 since being listed Dec. 17 2019 for $950,000.

The two-level Georgian Colonial-style house, built in 1992 on a 8,712-square-foot lot, has three bedrooms, 2.5 bathrooms and 3,300 square feet of living space.

This private community area has walking paths, tennis courts and a community pool.

“The spacious, open home offers vaulted rooms, indoor vacuum system and fireplaces throughout,” says listing agent Jeanette Finn of Homeworthy Oregon LLC.

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RE/MAX Equity Group

$150,000 price drop on Sellwood daylight ranch

7711 S.E. 16th Circle is for sale at $1,850,000, a reduction of $150,000 since being listed May 15, 2019 for $2 million.

The two-level daylight ranch, built in 2010 on 0.31 acres on a cul-de-sac in a gated community, has four bedrooms, 3.5 bathrooms and 5,251 square feet of living space.

The master suite on the main floor has a fireplace and door to an 800-square-foot deck with views of of city lights, the Columbia River and Mount Hood.

"Huge great room with fireplace and bamboo flooring. Kitchen has a Wolf 6-gas burner stove, two-level granite island and Travertine floors. Owner carry contract,” says listing agent Terrie Cox of RE/MAX Equity Group.

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Windermere Realty Trust

$100,000 price drop on Hillside four-level

720 N.W. Warrenton Terrace is for sale at $1,495,000, a reduction of $100,000 since being listed Feb. 11, 2019 for $1,595,000.

The four-level, traditional house, built in 1930 on a 10,018-square-foot lot in Northwest Heights, has four bedrooms, 3.5 bathrooms and 5,248 square feet of living space. The house is listed on the National Register of Historic Places.

“Carefully improved throughout for today's lifestyle. Updates include gourmet kitchen appliances, including Viking, Paykel and quartz countertops. Remodeled bedroom bathrooms, furnace/AC system and backyard fencing. Seller open to contingent offers,” say listing agents Libby Benz and Drew McCulloch of Windermere Realty Trust.

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Where, Inc.

$100,000 price drop on Cedar Hills-Cedar Mill traditional

749 S.W. 68th Terrace is for sale at $1,375,000, a reduction of $100,000 since being listed June 11, 2019 for $1,475,000.

The three-level, traditional house, built in 2008 on a 8,712-square-foot lot, has four bedrooms, 5.5 bathrooms and 4,595 square feet of living space including a home gym.

A covered backyard patio has an outdoor fireplace and grill.

“Remarkable attention to detail. Conveniently located on a beautiful street near both the Sunset Corridor and downtown, the home is perfectly positioned,” says listing agent Suzann Baricevic Murphy of Where, Inc.

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Cascade Sotheby's International Realty

$100,000 price drop on Dunthorpe ranch

01610 S.W. Mary Failing Dr. is for sale at $1,850,000, a reduction of $100,000 since being listed April 4, 2019 for $1,950,000.

The two-level, ranch-style house, built in 1957 on 0.61 acres, has five bedrooms, 4.5 bathrooms and 4,323 square feet of living space including a guest suite on the lower level and bonus room with an office.

“Bright remodeled kitchen with top-of-the-line appliances, open, flowing floor plan for living and entertaining, along with thoughtfully designed spaces for work and play,” says listing agent Kristen Kohnstamm of Cascade Sotheby's International Realty.

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