NOT LISTED FOR SALE

1505 NE Killingsworth St Portland, OR 97211

Vernon Neighborhood

Estimated Value: $616,000

0.14 Acre
$4,400,000 Price per Acre
6,098 Sq Ft Lot

Last Sold January 05, 2024

Last sale price $230,000

Est. 168% increase in value since last sale

Current estimated payment $3,439/month

112 Days on Market

Highlights

  • Corner Lot
  • No Heating
  • 5-minute walk to Alberta Park
  • No HOA

About This Lot

As of January 2024

1505 NE Killingsworth Street is an excellent development site in one of Portland's most bustling retail corridors. Surrounded by local restaurants, bars, retailers and entertainment venues. Well suited for food cart pods, multifamily or mixed use development.

Last Agent to Sell the Property

Jordan Fezler

Apex Residential License #201225534 Listed on: 07/24/2023

Last Buyer's Agent

Darryl Bodle

Keller Williams Realty Portland Premiere License #199910100

Keller Williams Realty Portland Premiere

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $957

Lot Details

  • 6,098 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Property is zoned CM2

Home Design

  • Mixed Use

Schools

  • Beach Elementary School
  • Ockley Green Middle School
  • Jefferson High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R229105

Property Details

Property Type

Land

Est. Annual Taxes

$957

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Land
  • Property Sub Type: MixedUse
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None

Interior Features

  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: CornerLot
  • Road Surface Type: Paved
  • Other Structures: None

Garage/Parking

  • Attached Garage: No

Utilities

  • Utilities: SewerAvailable, WaterAvailable
  • Cooling Y N: No
  • Heating Yn: No

Association/Amenities

  • Existing Structures: No

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Beach
  • High School: Jefferson
  • Middle Or Junior School: Ockley Green

Lot Info

  • Zoning: CM2
  • Present Use: Commercial
  • Soil Condition: Filled
  • Land Description: Level
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098.0
  • Parcel #: R229105

Green Features

  • Green Certification: No

Rental Info

  • Availability: Sale

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 956.74

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2023
Closed on
Jan 4, 2024
Sold by
Ascent Capital Fund Iii Llc
Bought by
Dez Development Llc
Seller's Agent
Jordan Fezler
Apex Residential
Buyer's Agent
Darryl Bodle
Keller Williams Realty Portland Premiere
List Price
$550,000
Sold Price
$230,000
Premium/Discount to List
-$320,000
-58.18%
Views
33
Current Estimated Value
$616,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$386,000

Purchase Details

Closed on
May 3, 2018
Sold by
Build Urban Llc
Bought by
K15 Partners Llc

Purchase Details

Closed on
Dec 1, 2016
Sold by
Byers Family Ltd
Bought by
Build Urban Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Interest Rate
3.52%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 27, 2005
Sold by
Dines Edward S and Dines Doris J
Bought by
Littleton Sherelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,955
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Dez Development Llc $230,000 Ticor Title
K15 Partners Llc -- First American Title Ins Co
Build Urban Llc $720,000 First American
Littleton Sherelle $50,000 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Build Urban Llc $1,120,000
Previous Owner Littleton Sherelle $49,955
Closed Littleton Sherelle $11,486
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2024 01/05/24 Sold $230,000 -23.3% --
11/14/2023 11/14/23 Pending -- -- --
11/13/2023 11/13/23 Price Changed $300,000 -40.0% --
08/29/2023 08/29/23 Price Changed $500,000 -9.1% --
07/24/2023 07/24/23 For Sale $550,000 -- --
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 $978 $36,900 $0 $0
2022 $957 $35,830 $0 $0
2021 $941 $34,790 $0 $0
2020 $863 $33,780 $0 $0
2019 $831 $32,800 $0 $0
2018 $807 $31,850 $0 $0
2017 $774 $30,930 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23414339

Regional Multiple Listing Service (RMLS)

APN: R229105