NOT LISTED FOR SALE

University Park 1500 SW Park Ave Unit 525 Portland, OR 97201

Downtown Portland Neighborhood

Estimated Value: $299,000 - $353,000

2 Beds
1 Bath
827 Sq Ft
$544/mo HOA Fee

Last Sold July 21, 2023

Last sale price $341,000 $412 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $2,689/month

5 Days on Market

Highlights

  • Fitness Center
  • 1-minute walk to Sw Park & Market
  • Quartz Countertops
  • West Sylvan Middle School Rated A-
  • Property is near Portland Streetcar
  • 1-minute walk to South Park Blocks

About This Home

As of July 2023

Excellent top-floor condo on the south park blocks! With vaulted ceilings, zero upstairs neighbors, direct access to a community sun deck, the upper floor of this well-managed building offers safe and quiet spaces. Newly upgraded unit has brand-new flooring throughout, new quartz counters and fresh paint. With generous bedrooms, laundry in unit, a sun-drenched balcony, fireplace, central AC, newer Bosch dishwasher, it's ready to move right in. Deeded parking in secure garage, bike storage, fitness room and large community patio behind a security gate. Steps to PSU, farmers' market every Saturday, street car & bus access, fine dining and cultural amenities like the art museum and several concert venues within blocks. Rent cap not met!

Last Agent to Sell the Property

Natalie Strom

Like Kind Realty License #201217486 Listed on: 06/15/2023

Last Buyer's Agent

Pamela Ruble

Redfin License #201219138

Redfin

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,022

Year Built

  • Built in 1988

Lot Details

  • 87

HOA Fees

  • $544 Monthly HOA Fees

Parking

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

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 827 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Quartz Countertops
  • Washer and Dryer

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Home Security

  • Intercom Access
  • Security Gate

Accessible Home Design

  • Accessibility Features
  • Level Entry For Accessibility
  • Minimal Steps

Location

  • Property is near Portland Streetcar
  • Property is near a bus stop

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number R574539

Community Details

Overview

  • 125 Units
  • University Park Condominium Association, Phone Number (503) 445-1206
  • On-Site Maintenance

Amenities

  • Community Deck or Porch
  • Common Area
  • Meeting Room
  • Elevator

Recreation

Security

  • Resident Manager or Management On Site
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,022

Year Built

Built in 1988

Lot Details

0

HOA Fees

$544 per month

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Accessibility: Yes
  • Stories: 1
  • Year Built: 1988
  • Property Condition: Resale
  • Property Sub Type: Condominium
  • Architectural Style: Other
  • New Construction: No
  • Property Attached Yn: No
  • CondominiumConciergeYN: No
  • CondominiumDeckAvailYN: Yes
  • CondominiumElevatorYN: Yes
  • CondominiumStorageAvailYN: No
  • CondominiumUnitLevel: 5
  • CondominiumUnitsInComplex: 125
  • CondominiumYardYN: No
  • Open House: No
  • PublicRemarksCondominium: Rent cap not met. Some pet restrictions.
  • Room 12 Features: Balcony,Fireplace
  • Special Features: None

Interior Features

  • Accessibility Features: MinimalSteps, OneLevel
  • Total Bathrooms: 1.0
  • Fireplaces: 1
  • Interior Amenities: WasherDryer
  • Appliances: Quartz
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: WoodBurning
  • Fireplace: Yes
  • Stories: 5
  • 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
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Room 8 Description: _3rdBedroom
  • Room 9 Description: DiningRoom

Exterior Features

  • Exterior Description: Brick
  • View: No
  • Lot Features: OnBusline, StreetCar
  • Disclosures: Disclosure
  • Home Warranty: No

Garage/Parking

  • Garage Type: Attached
  • Parking Description: Deeded, Secured
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0
  • CondominiumGarageType: Deeded
  • CondominiumParkingSpaceNo: 93
  • CondominiumParkingTandemYN: No
  • CondominiumParkingTax: 303.76

Utilities

  • Fuel Description: Electricity
  • Security: FireSprinklerSystem, IntercomEntry, 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, Gym, HotWater, MaintenanceGrounds, Management, MeetingRoom, Sewer, Trash, Water
  • Senior Community: No
  • Association Fee: 544.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • CondominiumAssociationContact: Karina Haley
  • CondominiumAssociationEmail: karinah@communitymgt.com
  • CondominiumAssociationName: University Park Condominium
  • CondominiumAssociationPhone: 503-445-1206
  • CondominiumAssociationURLYN: No

Schools

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

Lot Info

  • Farm: No
  • Parcel #: R574539

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 6021.61

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2023
Closed on
Jul 20, 2023
Sold by
Veluscek Charles D and Veluscek Nicole L
Bought by
Albrecht Caryn Bement
Seller's Agent
Natalie Strom
Like Kind Realty
Buyer's Agent
Pamela Ruble
Redfin
List Price
$360,000
Sold Price
$341,000
Premium/Discount to List
-$19,000
-5.28%
Views
5
Current Estimated Value
$313,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,274
Avg. Annual Appreciation
-3.67%

Purchase Details

Closed on
Mar 23, 2021
Sold by
Veluscek Charles D and Veluscek Nicole L
Bought by
Veluscek Charles D and Veluscek Nicole L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,993
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 15, 2017
Closed on
Mar 2, 2017
Sold by
Wheaton John H and Wheaton Kimball M
Bought by
Veluscek Charles D and Veluscek Nicole L
Seller's Agent
Anne Stewart
eXp Realty, LLC
Buyer's Agent
Matthew Novak
Redfin
List Price
$395,000
Sold Price
$401,000
Premium/Discount to List
$6,000
1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.83%
Original Mortgage
$350,850
Interest Rate
4.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Albrecht Caryn Bement $341,000 Wfg Title
Veluscek Charles D -- Servicelink
Veluscek Charles D $401,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Veluscek Charles D $334,993
Previous Owner Veluscek Charles D $350,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2023 07/21/23 Sold $341,000 -5.3% $412 / Sq Ft
06/21/2023 06/21/23 Pending -- -- --
06/15/2023 06/15/23 For Sale $360,000 -10.2% $435 / Sq Ft
04/17/2017 04/17/17 Sold $401,000 +1.5% $485 / Sq Ft
03/01/2017 03/01/17 Pending -- -- --
02/15/2017 02/15/17 For Sale $395,000 -- $478 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

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
2023 $4,944 $245,150 $0 $245,150
2022 $6,022 $238,010 $0 $0
2021 $6,055 $231,080 $0 $0
2020 $5,726 $224,350 $0 $0
2019 $5,515 $217,820 $0 $0
2018 $5,353 $211,480 $0 $0
2017 $5,131 $205,330 $0 $0
2016 $4,695 $199,350 $0 $0
2015 $4,572 $193,550 $0 $0
2014 $4,503 $187,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Natalie Strom

    Seller's Agent in 2023

    Natalie Strom

    Like Kind Realty

    (503) 453-6014

    1 in this area

    57 Total Sales

    Section Image

  • P

    Buyer's Agent in 2023

    Pamela Ruble

    Redfin

    Section Image
  • Anne Stewart

    Seller's Agent in 2017

    Anne Stewart

    eXp Realty, LLC

    (503) 804-1466

    145 Total Sales

    Section Image

  • L

    Seller Co-Listing Agent in 2017

    Linda Quinn

    eXp Realty, LLC

    Section Image

  • M

    Buyer's Agent in 2017

    Matthew Novak

    Redfin

See All Agents

About University Park

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23462394

Regional Multiple Listing Service (RMLS)

APN: R574539

Oregon Multnomah County Portland 97201 Downtown Portland

1500 SW Park Ave Unit 525, Portland, OR

This home is located at 1500 SW Park Ave Unit 525, Portland, OR 97201 since 15 June 2023 and is currently estimated at $316,889, approximately $383 per square foot. This property was built in 1988. 1500 SW Park Ave Unit 525 is a home located in Multnomah County with nearby schools including Chapman Elementary School, West Sylvan Middle School, and Lincoln High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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