👑 Gresham Sub-To: Lock In a 2.75% Rate Before It’s Gone 👑
Down Payment: $39,900
Got a sub-to opportunity in Gresham that’s worth a serious look. Seller’s got a loan sitting at 2.75%, which basically doesn’t exist anymore in today’s market, so whoever picks this up locks in a payment of $2,610.52 a month while building equity fast with $886.21 going straight to principal every single payment. Balance owed is approximately $399,000, and there’s approximately $25,000 past due that needs to get caught up. Once that’s handled, you’re sitting on a rate advantage that would cost most buyers an extra percent or two just to get close to. There’s also an opportunity to find a new homeowners insurance policy to reduce the monthly payment.
Mortgage information:
Mortgage balance: Approx. $399,000
Interest rate: 2.750%
Principal pay down: $886.21
2025 Monthly property tax estimate: $425
Monthly insurance payment estimate: $400
Taxes & Insurance: $833.50
Monthly payment: $2,610.52
Past due balance: Approx. $25,000
75 SE 205th Pl, Gresham, OR 97030
3 beds | 2 baths | 1,516 sqft
Bright living room with vaulted ceilings
Fireplace in the living room
Laminate flooring throughout the main living areas
Spacious kitchen and dining combination
Durable tile flooring in the kitchen and dining area
Sliding glass door to the back deck
Laminate flooring in all bedrooms
Primary suite with private ensuite bathroom
Large rear deck for outdoor entertaining
Fully fenced backyard
Close to schools and shopping centers
Near parks, recreational areas and restaurants
Call for Walkthrough!
Closing date: 8/14/2026 – Cash and hard money only, 10,000 EM deposit upon mutual acceptance. Buyer to pay closing costs.
Please contact us via DM or call if you have any other questions (503) 404-4532.
Cash or hard money only, price is net to seller, buyer pays all closing costs, property sold in as-is condition, buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. Wholesale King does not allow for buyers to reassign or sell to a third party prior to close. Opinion of value and breakdown spreadsheet is given as a courtesy only as seller makes no guarantees or warranties, express or implied, as to the value, condition, remodel cost, and/or any costs or fees associated with selling or investing in this property. Members of selling entity are real estate licensee’s in the State of Oregon and Washington. Real Estate Licensee and/or associated brokerage are not acting in any role as real estate broker or as a brokerage of this transaction. No brokers are receiving compensation as part of this Agreement and are not representing any party.
