Company Profile: 320 Palomino Drive

Background

320 Palomino Drive is a residential property located in Eugene, Oregon, within the highly sought-after Ferry Street Bridge neighborhood. The property is a single-level home built in 1952, offering a blend of classic charm and modern upgrades. Its mission is to provide a comfortable and updated living space in a desirable location. The property holds significance in the local real estate market due to its well-maintained condition and strategic location.

Key Strategic Focus

The property's strategic focus is on offering a move-in-ready home that combines historical architecture with contemporary amenities. Key features include:

Core Objectives: To provide a comfortable living environment with modern conveniences.

Specialization: Emphasis on quality renovations and maintaining the property's historical integrity.

Technologies Utilized: Incorporation of modern appliances and energy-efficient systems.

Target Market: Homebuyers seeking a blend of classic architecture and modern amenities in a prime location.

Financials and Funding

The property was last sold on November 1, 2024, for $590,000. Prior to that, it was sold on August 16, 2019, for $420,500. This reflects a 6.7% annual appreciation over the five-year period. The most recent sale price equates to approximately $327 per square foot.

Pipeline Development

As a residential property, 320 Palomino Drive does not have a pipeline of products or services. However, it has undergone several key upgrades:

2023: Installation of Marvin wood-framed windows throughout the home.

2020: Replacement of the water heater.

2019: Addition of cork flooring in the bonus room.

These enhancements contribute to the property's appeal and value.

Technological Platform and Innovation

The property features several modern upgrades:

Proprietary Technologies: Custom mahogany cabinets and quartz countertops in the kitchen.

Scientific Methods: Use of energy-efficient appliances and systems to reduce environmental impact.

AI-Driven Capabilities: Integration of smart home technologies for enhanced convenience and security.

Leadership Team

As a residential property, 320 Palomino Drive does not have a leadership team. However, the property has been managed and maintained by various real estate professionals and contractors over the years.

Competitor Profile

Market Insights and Dynamics

The Eugene, Oregon real estate market is characterized by a mix of historic homes and new constructions. Properties like 320 Palomino Drive, which offer modern amenities in established neighborhoods, are in demand among buyers seeking character and convenience.

Competitor Analysis

Similar properties in the area include:

304 Palomino Drive: A 3-bedroom, 1-bathroom home with 1,296 square feet, listed at $488,500.

342 Palomino Drive: A 3-bedroom, 2-bathroom home with 2,100 square feet, listed at $555,700.

These properties offer comparable features and are in the same neighborhood, contributing to the competitive landscape.

Strategic Collaborations and Partnerships

The property has been listed and sold through various real estate agencies, including Keller Williams Realty Eugene and Springfield and ICON Real Estate Group. These partnerships have facilitated successful transactions and contributed to the property's market presence.

Operational Insights

320 Palomino Drive's strategic location in the Ferry Street Bridge neighborhood provides a competitive advantage. The area is known for its proximity to parks, schools, and shopping centers, making it attractive to potential buyers.