NOT LISTED FOR SALE

1504 N Watts St Unit 1506 Portland, OR 97217

Kenton Neighborhood

Estimated Value: $596,000 - $681,000

4 Beds
2 Baths
4,000 Sq Ft
$159/Sq Ft Est. Value

Last Sold April 15, 2019

Last sale price $575,000 $144 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,896/month

123 Days on Market

Highlights

  • RV Access or Parking
  • Corner Lot
  • Forced Air Heating System
  • Peninsula Elementary School Rated 9+
  • Property is near a bus stop
  • 1-Story Property

About This Home

As of April 2019

Beautiful Well maintained Duplex- Looks like separate homes! Each Face on different street! Plenty of parking on site. Hardwoods, cherry cab, tile counters -period-Frig & stove-washer dryer Yards & Patios! Live in one side, rent out the other.... FULL basement w/ separate entrances & windows, on concrete slab w/ walls in could be two more units! On Max Line - Shops - Fred Meyer-Fabulous Opportunity! Fireplaces! Watts facing one vacant

Last Agent to Sell the Property

Kathleen McDonald Peterson

Premiere Property Group, LLC License #200203088 Listed on: 10/28/2018

Premiere Property Group, LLC

Last Buyer's Agent

Barbara Carlson

RE/MAX Equity Group License #200201043

RE/MAX Equity Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,738

Year Built

  • Built in 1953 | Remodeled

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • 3 Car Garage
  • RV Access or Parking

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 4,000 Sq Ft Home
  • 1-Story Property

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Location

  • Property is near a bus stop

Schools

  • Chief Joseph Elementary School
  • Jefferson High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R196280

Community Details

Overview

  • 2 Units
  • Kenton Subdivision
  • Property managed by Lockbox on Back Dr. Watts on R

Building Details

  • Operating Expense $4,738
  • Gross Income $48,000
  • Net Operating Income $43,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,738

Year Built

Built in 1953 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1953
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Current Price For Status: 575000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: ExteriorEntry, Finished, FullBasement
  • Storage: Attached,Basement
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Brick
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: CornerLot, Level, LightRail, OnBusline
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Paved, RVAccessParking
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Total Parking Spaces: 3.0

Utilities

  • Fuel Description: Oil
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Lockbox on Back Dr. Watts on R

Schools

  • Elementary School: Chief Joseph
  • High School: Jefferson

Lot Info

  • Zoning: R-1
  • Parcel #: R196280

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2017
  • Tax Annual Amount: 4737.73

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.92
  • Annual Gross Income: 48000.0
  • Property Net Operating Income: 43000.0
  • Annual Operating Expense: 4738.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2023
Sold by
Weiner Ashley Raeann
Bought by
Weiner Daniel
Current Estimated Value
$636,897

Purchase Details

Listed on
Oct 28, 2018
Closed on
Apr 8, 2019
Sold by
Burbank Jonathan R and Burbank Maiya
Bought by
Weiner Michael and Rupprecht Allison
Seller's Agent
Kathleen McDonald Peterson
Premiere Property Group, LLC
Buyer's Agent
Barbara Carlson
RE/MAX Equity Group
List Price
$660,000
Sold Price
$575,000
Premium/Discount to List
-$85,000
-12.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.56%
Original Mortgage
$431,250
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2011
Sold by
N Interstate & Watts Building Llc
Bought by
Burbank Jonathan R and Burbank Maiya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,449
Interest Rate
4.26%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 3, 2007
Sold by
Wilcox Raymond Peter
Bought by
N Interstate & Watts Bldg Llc

Purchase Details

Closed on
Jul 28, 2005
Sold by
Forrest David L
Bought by
Wilcox R Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,750
Interest Rate
5.56%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Weiner Daniel -- Wfg Title
Weiner Michael $575,000 None Available
Burbank Jonathan R $293,900 Fidelity Natl Title Co Of Or
N Interstate & Watts Bldg Llc -- None Available
Wilcox R Peter $305,000 Lawyers Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weiner Michael $431,250
Previous Owner Burbank Jonathan R $286,449
Previous Owner Wilcox R Peter $228,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2019 04/15/19 Sold $575,000 -12.9% $144 / Sq Ft
02/28/2019 02/28/19 Pending -- -- --
10/28/2018 10/28/18 For Sale $660,000 -- $165 / 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
2025 $6,464 $239,890 -- --
2024 $6,232 $232,910 -- --
2023 $5,992 $226,130 $0 $0
2022 $5,862 $219,550 $0 $0
2021 $5,763 $213,160 $0 $0
2020 $5,287 $206,960 $0 $0
2019 $5,093 $200,940 $0 $0
2018 $4,943 $195,090 $0 $0
2017 $4,738 $189,410 $0 $0
2016 $4,336 $183,900 $0 $0
2015 $4,222 $178,550 $0 $0
2014 $4,158 $173,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2019

    Kathleen McDonald Peterson

    Premiere Property Group, LLC

    Section Image
  • Barbara Carlson

    Buyer's Agent in 2019

    Barbara Carlson

    RE/MAX

    (503) 341-8090

    74 Total Sales

    Barbara Carlson
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18297131

Regional Multiple Listing Service (RMLS)

APN: R196280

Oregon Multnomah County Portland 97217 Kenton

1504 N Watts St Unit 1506, Portland, OR

Not Listed for Sale

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