NOT LISTED FOR SALE

1520 SE 35th Ave Unit 1522 Portland, OR 97214

Richmond Neighborhood

Estimated Value: $599,000 - $721,000

2 Beds
2 Baths
2,662 Sq Ft
$241/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $607,000 $228 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,036/month

19 Days on Market

Highlights

  • Wood Flooring
  • Fireplace
  • Level Lot
  • Abernethy Elementary School Rated 10
  • Garage
  • Wood Siding

About This Home

As of October 2021

Fantastic Duplex in one of SE Portlands finest locations. Opportunity for those looking for an owner occupied unit or wanting and investment property in one of the most stable easy to rent markets in Portland. Untapped potential to achieve income from short term rental as well! This is an extremely rare opportunity. This property was last sold on the open market in 1989!

Last Agent to Sell the Property

Joe Spanish

Windermere Realty Trust License #200205463 Listed on: 09/09/2021

Windermere Realty Trust

Last Buyer's Agent

Phyllis Ghazi

HotSpots Real Estate License #200105102

HotSpots Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,515

Year Built

  • Built in 1908 | Remodeled

Lot Details

  • Level Lot

Parking

  • Garage

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Wood Flooring
  • Range

Basement

  • Partial Basement
  • Basement Storage

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,515

Year Built

Built in 1908 | Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2662
  • Stories: 2
  • Year Built: 1908
  • Property Condition: Updated/Remodeled
  • Remarks Public: Fantastic Duplex in one of SE Portlands finest locations. Opportunity for those looking for an owner occupied unit or wanting and investment property in one of the most stable easy to rent markets in Portland. Untapped potential to achieve income from short term rental as well! This is an extremely rare opportunity. This property was last sold on the open market in 1989!
  • Unreinforced Masonry Building: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: ROCHELLE, BLOCK 4 TL 12300
  • Basement: Partial Basement
  • Storage: Basement

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 3,000 to 4,999 SqFt
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Garage

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Common Amenities: Laundry
  • Unit Features: Fireplace, Hardwood Floors, Range, Refrigerator

Schools

  • Elementary School: Abernethy
  • Middle School: Hosford
  • High School: Cleveland

Lot Info

  • Lot Description: Level
  • Zoning: CS
  • Water Rights Supplement: No

Green Features

  • Green Building Verification Type: Home Energy Score
  • Green Energy Supplement: Yes
  • Green Verification HES Metric: 3
  • Green Verification HES: https://rpt.greenbuildingregistry.com/hes/OR10194695
  • Green Verification HES Year: 2021

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Amount: 5527.91
  • Assessor Parcel Number: R258413
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 16.64

MLS Schools

  • Elementary School: Abernethy
  • High School: Cleveland
  • Middle School: Hosford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2021
Closed on
Oct 23, 2021
Sold by
Newman Family Trust and Newman Kenneth
Bought by
Wesley Eric Don
Seller's Agent
Joe Spanish
Windermere Realty Trust
Buyer's Agent
Phyllis Ghazi
HotSpots Real Estate
List Price
$639,000
Sold Price
$607,000
Premium/Discount to List
-$32,000
-5.01%
Current Estimated Value
$641,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,068
Avg. Annual Appreciation
2.19%
Original Mortgage
$455,250
Outstanding Balance
$416,943
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$242,530

Purchase Details

Closed on
Oct 16, 2018
Sold by
Newman Kenneth and Newman Kelli
Bought by
Newman Kenneth and Newman Kelli R

Purchase Details

Closed on
May 30, 2012
Sold by
Newman Kenneth
Bought by
Newman Kenneth and Newman Kelli R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,500
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 11, 2009
Sold by
Newman Kenneth
Bought by
Newman Kenneth and Newman Kelli

Purchase Details

Closed on
Jun 25, 1997
Sold by
Sargent Stephen M
Bought by
Newman Kenneth and Newman Kelli R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
7.91%
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
Wesley Eric Don $607,000 Fidelity National Title
Newman Kenneth -- None Available
Newman Kenneth -- Ticor Title
Newman Kenneth -- Ticor Title
Newman Kenneth -- None Available
Newman Kenneth $135,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wesley Eric Don $455,250
Previous Owner Newman Kelli $150,500
Previous Owner Newman Kenneth $180,000
Previous Owner Newman Kenneth $94,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $607,000 +1.3% $228 / Sq Ft
09/28/2021 09/28/21 Pending -- -- --
09/22/2021 09/22/21 Price Changed $599,000 -6.3% $225 / Sq Ft
09/09/2021 09/09/21 For Sale $639,000 -- $240 / 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
2024 $6,515 $243,520 -- --
2023 $6,515 $236,430 $0 $0
2022 $6,130 $229,550 $0 $0
2021 $6,026 $222,870 $0 $0
2020 $5,528 $216,380 $0 $0
2019 $5,325 $210,080 $0 $0
2018 $5,168 $203,970 $0 $0
2017 $4,953 $198,030 $0 $0
2016 $4,533 $192,270 $0 $0
2015 $4,414 $186,670 $0 $0
2014 $4,348 $181,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joe Spanish

    Seller's Agent in 2021

    Joe Spanish

    Windermere Realty Trust

    (503) 860-2805

    2 in this area

    112 Total Sales

    Joe Spanish
    Section Image
  • Phyllis Ghazi

    Buyer's Agent in 2021

    Phyllis Ghazi

    HotSpots Real Estate

    (503) 421-2407

    2 in this area

    45 Total Sales

    Phyllis Ghazi
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21163349

Regional Multiple Listing Service (RMLS)

APN: R258413

Oregon Multnomah County Portland 97214 Richmond

1520 SE 35th Ave Unit 1522, Portland, OR

This home is located at 1520 SE 35th Ave Unit 1522, Portland, OR 97214 since 09 September 2021 and is currently estimated at $641,068, approximately $240 per square foot. This property was built in 1908. 1520 SE 35th Ave Unit 1522 is a home located in Multnomah County with nearby schools including Abernethy Elementary School, Hosford Middle School, and Cleveland High School.

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