$345,000
$90K PRICE DROP

Estimated payment $3,333/month

Total Views 1,849,778
2 Beds
1 Bath
1,140 Sq Ft
$303 Price per Sq Ft

Highlights

  • Gated Community
  • 2-minute walk to Nw 13Th & Lovejoy
  • High Ceiling
  • West Sylvan Middle School Rated A-
  • Property is near Portland Streetcar
  • Great Room

About This Home

BEST PRICE IN THE BUILDING!!! Welcome to this exceptional top-floor penthouse in the historic Marshall Wells Lofts. As you step inside, you'll be greeted by an open floor plan with stunning 14' ceilings made from old-growth timber, all illuminated by abundant natural light streaming in from the courtyard. The unique cork flooring adds warmth and character to the space.This home has been thoughtfully updated since the building's conversion to condos in 2001, featuring sleek granite countertops in the kitchen, modern lighting, Shoji screens in one bedroom, and a spacious custom walk-in closet. The bathroom has also been remodeled for added convenience and style. Nearly all the kitchen appliances are brand new, enhancing the home's functionality. A versatile bonus space, currently used as a second bedroom, provides endless possibilities.Additionally, you'll enjoy the convenience of a deeded parking space and a generous 105-square-foot storage unit located near the parking stall on the second floor. All appliances, including the washer and dryer, are included. This is true loft-style living at its finest.The location is unbeatable, situated right on the streetcar line and just moments from Safeway. You'll also have easy access to an array of coffee shops, parks, restaurants, shopping, and entertainment in the vibrant Pearl District. According to Walk Score, this is a “Walker’s Paradise” with a score of 98, “Excellent Transit” with a score of 83, and a “Biker’s Paradise” with a score of 98.A bit of history about the building: Originally built in 1910, the structure was Warehouse #2 for the Marshall-Wells Hardware Company, a major wholesale distributor of hardware, saddlery, paints, and mining and railroad supplies. For a complete history of the building, please refer to the attachment in the listing.

Listing Agent

Ernest Cooper

Cooper Realty LLC Brokerage Email: ernest@cooperrealtyllc.net License #990700153 Listed on: 03/13/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,170

Year Built

  • Built in 1910 | Remodeled

Lot Details

  • Gated Home

HOA Fees

  • $898 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Secured Garage or Parking
  • Deeded Parking

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,140 Sq Ft Home
  • 1-Story Property
  • Plumbed for Central Vacuum
  • High Ceiling
  • Double Pane Windows
  • Entryway
  • Great Room
  • Family Room
  • Living Room
  • Dining Room

Kitchen

  • Free-Standing Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Cork
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer

Home Security

  • Intercom Access
  • Security Gate

Location

  • Upper Level
  • Property is near Portland Streetcar

Schools

  • Chapman Elementary School
  • West Sylvan Middle School
  • Lincoln High School

Utilities

  • Forced Air Heating and Cooling System
  • Hot Water Heating System
  • Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number R530172

Community Details

Overview

  • 154 Units
  • Marshall Wells Condominium Association, Phone Number (971) 255-1332
  • Pearl District/ Marshall Wells Subdivision
  • On-Site Maintenance

Amenities

  • Common Area
  • Community Storage Space
  • Elevator

Security

  • Resident Manager or Management On Site
  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,170

Year Built

Built in 1910 | Remodeled

Lot Details

0

HOA Fees

$898 per month

Parking

1

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: Residential
  • Stories: 1
  • Year Built: 1910
  • Property Condition: UpdatedRemodeled
  • Property Sub Type: Condominium
  • Architectural Style: Loft
  • New Construction: No
  • Property Attached Yn: No
  • CondominiumConciergeYN: No
  • CondominiumDeckAvailYN: No
  • CondominiumElevatorYN: Yes
  • CondominiumStorageAvailYN: Yes
  • CondominiumUnitLevel: 7
  • CondominiumUnitsInComplex: 154
  • CondominiumWasherDryer: IncludedInUnit
  • CondominiumYardYN: No
  • Open House: No
  • Room 11 Features: Dishwasher,GourmetKitchen,GreatRoom,Island,Microwave,UpdatedRemodeled
  • Room 12 Features: GreatRoom
  • Room 9 Features: GreatRoom
  • CondominiumTotalLevels: 7
  • Unit Floor Number: 7
  • Special Features: VirtualTour

Interior Features

  • Total Bathrooms: 1.0
  • Interior Amenities: CorkFloor, Elevator, GarageDoorOpener, Granite, HighCeilings, Laundry, PlumbedForCentralVacuum, TileFloor, WasherDryer
  • Room 4 Description: Entry
  • Room 4 Features: Pantry
  • Room 4 Level: Main
  • Basement: None
  • Window Features: DoublePaneWindows
  • Appliances: Dishwasher, Disposal, FreeStandingRange, FreeStandingRefrigerator, Granite, Island, Microwave, Pantry, PlumbedForIceMaker, SolidSurfaceCountertop
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 7
  • Main Level Full Bathrooms: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 0.0
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Fourth Bedroom Area: 88
  • Bedroom 7 Area: 105
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Other Room9 Area: 760
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: Other
  • Foundation Details: Slab
  • View: No
  • Lot Features: Commons, Gated, Level, StreetCar
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition

Garage/Parking

  • Garage Type: Attached
  • Parking Description: Deeded, Secured
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0
  • CondominiumGarageType: Deeded
  • CondominiumParkingTandemYN: No
  • CondominiumParkingTax: 327.45

Utilities

  • Fuel Description: Electricity
  • Hot Water: Gas
  • Internet Service Type: Other
  • Security: FireSprinklerSystem, IntercomEntry, LimitedAccess, SecurityGate
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Unit Location: UpperFloor
  • Association Amenities: Commons, ExteriorMaintenance, Gated, HotWater, Insurance, Management, Sewer, Trash, Water
  • Senior Community: No
  • Association Fee: 898.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • CondominiumAssociationContact: Natalie Lewis
  • CondominiumAssociationEmail: marshallwells@bluestonecam.com
  • CondominiumAssociationName: Marshall Wells Condominium
  • CondominiumAssociationPhone: 971-255-1332
  • CondominiumAssociationURLYN: Yes

Schools

  • Elementary School: Chapman
  • High School: Lincoln
  • Middle Or Junior School: West Sylvan

Lot Info

  • Farm: No
  • Land Lease: No
  • Parcel #: R530172
  • Assessor Parcel Number 2: R530286
  • Assessor Parcel Number 3: R530464

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2025
  • Tax Annual Amount: 7169.94
  • Tax Opportunity Zone: No

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,170 $324,530 -- $324,530
2023 $7,170 $315,080 $0 $315,080
2022 $7,903 $305,910 $0 $0
2021 $8,023 $297,000 $0 $0
2020 $7,359 $288,350 $0 $0
2019 $7,089 $279,960 $0 $0
2018 $6,880 $271,810 $0 $0
2017 $6,594 $263,900 $0 $0
2016 $6,035 $256,220 $0 $0
2015 $299 $14,960 $0 $0
2014 $301 $14,530 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2025 09/13/25 Price Changed $345,000 -2.8% $303 / Sq Ft
09/13/2025 09/13/25 Price Changed $355,000 -3.8% $311 / Sq Ft
09/08/2025 09/08/25 Price Changed $369,000 -1.6% $324 / Sq Ft
07/19/2025 07/19/25 Price Changed $375,000 -6.0% $329 / Sq Ft
06/04/2025 06/04/25 Price Changed $399,000 -5.0% $350 / Sq Ft
05/10/2025 05/10/25 Price Changed $420,000 -3.4% $368 / Sq Ft
03/13/2025 03/13/25 For Sale $435,000 +2.6% $382 / Sq Ft
05/11/2023 05/11/23 Sold $424,000 -1.2% $372 / Sq Ft
04/21/2023 04/21/23 Pending -- -- --
03/31/2023 03/31/23 For Sale $429,000 -2.5% $376 / Sq Ft
10/13/2021 10/13/21 Sold $440,000 -2.0% $386 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
09/08/2021 09/08/21 Price Changed $449,000 -1.1% $394 / Sq Ft
08/24/2021 08/24/21 Price Changed $454,000 -1.1% $398 / Sq Ft
08/12/2021 08/12/21 Price Changed $459,000 -1.3% $403 / Sq Ft
07/22/2021 07/22/21 For Sale $465,000 0.0% $408 / Sq Ft
02/07/2018 02/07/18 Sold $465,000 -12.1% $408 / Sq Ft
01/03/2018 01/03/18 Pending -- -- --
08/09/2017 08/09/17 For Sale $529,000 -- $464 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $424,000 Lawyers Title
Warranty Deed $440,000 Fidelity Natl Ttl Co Of Or
Warranty Deed $465,000 First American Title
Interfamily Deed Transfer -- Lawyers Title
Warranty Deed $339,000 Fidelity Natl Title Co Of Or
Warranty Deed $333,000 Chicago Title Insurance Co
Bargain Sale Deed $14,159 --
Warranty Deed $316,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $402,800 New Conventional
Previous Owner $340,000 New Conventional
Previous Owner $340,000 New Conventional
Previous Owner $300,000 New Conventional
Previous Owner $285,500 New Conventional
Previous Owner $305,100 Purchase Money Mortgage
Previous Owner $247,000 Purchase Money Mortgage
Previous Owner $252,800 Purchase Money Mortgage
Source: Public Records

About the Listing Agent

Ernest Cooper

Cooper Realty LLC

(503) 897-1370

Section Image

Ernest Cooper understands the importance of making the right decision to buy or sell a home. He has closed nearly 700 transactions with a net value of over 232 million dollars in his past 15 years of experience as a Realtor. Yet his Texan charm and Pacific Northwest sensibility makes him a true partner in helping his clients obtain the best results with their home. Ernest was born in Big Lake, Texas in 1966. When his father was promoted at Phillips Petroleum, the family, including his mom and

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 568390588

Regional Multiple Listing Service (RMLS)

APN: R530172