Updated Dec 4, 2024
Rick Edler Acquires Whimsical Blackberry Castle Estate In Northwest Portland For $2M
14125 Northwest Germantown Road
$2,000,000
$153/SF
Building Size
13,000 SF
Asset Type
Single Family
Closing
Sep 20, 2023
About this deal
AI
Rick Edler secured ownership of the whimsical Blackberry Castle estate in Northwest Portland with a winning bid of $2 million. The property, located at 14125 Northwest Germantown Road, spans across 6.4 acres. It is a single-family asset with a total square footage of 13,000. The sale price per square foot was $154, which was a substantial reduction from its original listing price of $7,175,000 eight years ago.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $2,000,000
- Address: 14125 Northwest Germantown Road
- Market: Portland, OR
- Acres: 6.4
- Square Footage: 13,000
- Sale Price per Square Foot: $154
Rick Edler, the buyer, successfully acquired the Blackberry Castle estate. The transaction was facilitated by Daniel Lowe from Knightsbridge International Real Estate, LLC, who acted as Rick Edler's broker.
On the Map
$2,000,000
$153/SF
Single Family
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Portland Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $153 per square foot on a published $2M for 13,000 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93