NOT LISTED FOR SALE

1504 N Watts St Unit 1506 Portland, OR 97217

Kenton Neighborhood

Estimated Value: $628,622

4 Beds
2 Baths
4,000 Sq Ft
$157/Sq Ft Est. Value

Last Sold April 15, 2019

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

Est. 9% increase in value since last sale

Current estimated payment $3,987/month

123 Days on Market

Highlights

  • RV Access or Parking
  • Property is near a bus stop
  • 1-Story Property
  • Corner Lot
  • Forced Air Heating System

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

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
  • 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
Total Days on Market
123
Current Estimated Value
$628,622

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
1.89%
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

Similar Homes in Portland, OR

  • 7516 N Brandon Ave, Portland, OR 97217

    $620,000

    • 4 Beds
    • 2 Baths
    • 2,612 Sq Ft
    • 7516 N Brandon Ave
    • Portland, OR

    Looking for an investment property that starts paying off from day one? Here it is. With two units generating $2,400/month for the upper unit and $1,900/month for the lower unit, this home has a proven track record of solid cash flow. Located just minutes from downtown Kenton, this property checks all the boxes: convenience, functionality, and charm. The lower unit, remodeled in 2019, is a

    Jordyn Jones Cascade Hasson Sotheby's International Realty

    Section Image
  • 7058 N Greenwich Ave, Portland, OR 97217

    $575,000

    • 4 Beds
    • 2 Baths
    • 1,984 Sq Ft
    • 7058 N Greenwich Ave
    • Portland, OR

    This charming and versatile 3-level home in the sought after Arbor Lodge neighborhood has everything you need and then some! Close to Fred Meyer, New Seasons, Max Transit and Interstate 5, you will love the location. Step inside the front door and be greeted to a bright and cheery large living room with vibrant wood floors and a gas fireplace. To the right, through French doors, is an equally

    Terry Long Oregon First

    Section Image
  • 7107 N Albina Ave Unit 7115, Portland, OR 97217

    $685,000

    • 6 Beds
    • 3 Baths
    • 7107 N Albina Ave
    • Unit 7115
    • Portland, OR

    Investment opportunity awaits in the heart of Portland's Piedmont district! This well-maintained duplex features two units, perfect for owner-occupiers looking to offset their mortgage or savvy investors seeking reliable rental income. The main unit offers a comfortable 4-bedroom, 2-bathroom layout with 2 wood burning fireplaces, hardwood floors and updated kitchen, while the secondary unit

    Kurt Davidson Keller Williams Capital City

    Section Image
  • 7228 N Villard Ave, Portland, OR 97217

    $615,000

    • 3 Beds
    • 2 Baths
    • 1,844 Sq Ft
    • 7228 N Villard Ave
    • Portland, OR

    Adorable Arbor Lodge bungalow with stunning detached ADU! Step from the beautifully landscaped front yard into the warm and inviting living room, with open views into the eat-in kitchen. Two spacious bedrooms, a comfortable bathroom, and a large unfinished basement for storage or future potential additional living space make this a comfortable place to call home! Updated systems like a newer

    Kim Parmon Living Room Realty

    Section Image
  • 3133 N Russet St Unit 3137, Portland, OR 97217

    $625,000

    • 5 Beds
    • 3 Baths
    • 2,250 Sq Ft
    • 3133 N Russet St
    • Unit 3137
    • Portland, OR

    Great investment opp in N Portland Kenton neighborhood. Triplex 100% occupancy and proffesional property management in place. Landlord expenses are trash/recycling, tenant covers all utilities including water/ sewer. One unit is in need of cosmetic upgrades, value add opportunity. Please write all offers subject to interior inspection. 48 hour minimum to notify tenants please.

    Chris Guinn III Dwell Realty

    Section Image
  • 6824 N Commercial Ave, Portland, OR 97217

    $635,000

    • 6 Beds
    • 2 Baths
    • 6824 N Commercial Ave
    • Portland, OR

    Beautiful property in fatastic area of North Portland. The upstairs and downstairs are both 3 bed/1bath. The downstairs ADU has its own entrance. Both the upstairs and downstairs have fully remodeled kitchens with stainless steal appliances. Both units have fully remodeled bathrooms. Upstairs is a two level Unit and has a nice fireplace. The downstairs has new flooring. Lower unit has large

    Greg Watkins Premiere Property Group, LLC

    Section Image
  • 2407 N Rosa Parks Way, Portland, OR 97217

    $630,000

    • 4 Beds
    • 2 Baths
    • 1,940 Sq Ft
    • 2407 N Rosa Parks Way
    • Portland, OR

    Arbor Lodge recently updated Duplex with modern finishes, in-unit laundry, and mini splits. 2407 Rosa Parks is a 550 SQFT 2 Bed, 1 bath with luxury vinyl floors, mini split efficient heating and cooling, and in-unit laundry stack. 6507 N Boston is 650 SQFT + a 740 SQFT basement for storage or extra living space. 1 Bedroom + Den/Office or second bedroom. This duplex is fresh and ready for an owner

    Jarrin Benson eXp Realty, LLC

    Section Image
  • 5925 N Campbell Ave, Portland, OR 97217

    $724,999

    • 5 Beds
    • 3 Baths
    • 2,266 Sq Ft
    • 5925 N Campbell Ave
    • Portland, OR

    INVESTORS...... take advantage of this special cash flow opportunity! Special financing for an investment or DSCR Loan program; 3 UNITS to be rented. Reach out to learn more.Two Single Family Homes + Bungalow/She Shed – Perfect for Investors or Multi-Generational Living!Nestled on one lot, this unique property offers endless possibilities. The main house is full of charm, featuring hardwood

    Wendi Mueller Premiere Property Group, LLC

    Section Image
  • 410 NE Holland St Unit 416, Portland, OR 97211

    $599,900

    • 2 Beds
    • 1 Bath
    • 2,592 Sq Ft
    • 410 NE Holland St
    • Unit 416
    • Portland, OR

    These originally designed units are 2 bed, 1 bath, with 1,296 SF including separate unfinished basements with the potential for another bed and bath for each unit. These townhome-style units have wood floors and cozy fireplaces on the main level, that add to their timeless vintage charm. The kitchens have electric ranges, fridges, and eating nooks that also make them unique. Upstairs you will

    Jeffrey Capen Windermere Realty Trust

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Open Weiner Michael $397,422
Closed Newrez Llc $431,250
Previous Owner Weiner Michael $431,250
Previous Owner Burbank Jonathan R $350,000
Previous Owner Burbank Jonathan R $275,300
Previous Owner Burbank Jonathan R $286,449
Previous Owner Wilcox R Peter $228,750
Previous Owner Forrest David L $195,200
Previous Owner Forrest David L $36,600
Previous Owner Forrest David L $185,600
Previous Owner Forrest David L $34,800
Previous Owner Forrest David L $23,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

  • Section Image
  • Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18297131

Regional Multiple Listing Service (RMLS)

APN: R196280