NOT LISTED FOR SALE

1540 N Sumner St Unit 1542 Portland, OR 97217

Overlook Neighborhood

Estimated Value: $762,000 - $953,000

7 Beds
4 Baths
3,347 Sq Ft
$266/Sq Ft Est. Value

Last Sold August 22, 2014

Last sale price $499,000 $149 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $5,641/month

17 Days on Market

Highlights

  • Deck
  • 3-minute walk to N Killingsworth
  • Attached Garage
  • Beach Elementary School Rated A-
  • Wood Flooring
  • Storage

About This Home

As of August 2014

This turn key duplex offers great income generation within 1/4 mile of the light rail, bus lines, shopping and parks. Flexible floor plans, combined with desirable amenities (separate entrances, laundry and porches)make them easy to rent. 1540 N Sumner comes with 640 sq. ft. high ceiling 2 car garage that could be art studio or shop. Plentiful individual storage. 1542 has master suite with/2nd story deck

Last Listed By

Chris Bonner

Neighbors Realty License #900200005 Listed on: 07/10/2014

Neighbors Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,944

Year Built

  • Built in 1922

Lot Details

  • 5,009

Parking

  • Attached Garage

Home Design

  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Storage
  • Washer and Dryer
  • Wood Flooring

Kitchen

  • Range
  • Dishwasher

Outdoor Features

  • Deck

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,944

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 3347
  • Stories: 3
  • Year Built: 1922
  • Year Built Description: Remodeled
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space, Finished, Partial Basement
  • Legal Description: RIVERSIDE ADD, BLOCK 13, LOT 8
  • Storage: Attached, Individual Storage Units

Exterior Features

  • Neighborhood Features: Parks, shopping, transit, restaurants
  • Exterior Description: Cement Siding, Wood Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 2
  • Parking Description: Attached, Garage

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Cooling Description: Central Air
  • Heating Description: Forced Air
  • Utilities Included: Trash Collection

Association/Amenities

  • Bike Path: Within 1/4 Mile

Condo/Co-op/Association

  • Unit Features: Deck, Dishwasher, Range, Storage, Washer/Dryer, Wood Floors, Air Conditioning

Schools

  • Elementary School: Beach
  • High School: Jefferson
  • School High2: Roosevelt

Lot Info

  • Lot Description: On Busline, Light Rail
  • Zoning: R2

Tax Info

  • Tax Amount: 5384.13
  • Assessor Parcel Number: R257286

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.12

MLS Schools

  • Elementary School: Beach
  • High School: Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2014
Closed on
Aug 20, 2014
Sold by
Bellabonn Llc
Bought by
Hestia Llc
Seller's Agent
Chris Bonner
Neighbors Realty
Buyer's Agent
Shayna Denny
Polaris Realty NW
List Price
$499,000
Sold Price
$499,000
Total Days on Market
17
Current Estimated Value
$889,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$390,500
Avg. Annual Appreciation
5.52%

Purchase Details

Closed on
Dec 31, 2008
Sold by
Tillman Bonnie
Bought by
Bellabonn Llc

Purchase Details

Closed on
Apr 29, 2008
Sold by
Residential Funding Co Llc
Bought by
Tillman Bonnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,400
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 2007
Sold by
Giles Michael
Bought by
Residential Funding Co Llc and Residential Funding Corp

Purchase Details

Closed on
Aug 18, 2006
Sold by
Lugos Properties Llc
Bought by
Giles Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 2006
Sold by
Barnett Robyn E
Bought by
Lugos Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.28%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 27, 2006
Sold by
Lugos Properties Llc
Bought by
Barnett Robyn E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.28%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 30, 2005
Sold by
Barnett Robert M
Bought by
Lugos Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.28%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 18, 2005
Sold by
Albers James L
Bought by
Barnett Robert M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,800
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

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
Hestia Llc $499,000 First American
Bellabonn Llc -- None Available
Tillman Bonnie $333,000 First American Title Insuran
Residential Funding Co Llc $342,119 First American Title Insuran
Giles Michael $400,000 Lawyers Title Ins
Lugos Properties Llc -- Lawyers
Barnett Robyn E $375,000 Lawyers Title Ins
Lugos Properties Llc -- --
Barnett Robert M $283,500 Stewart
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tillman Bonnie $266,400
Previous Owner Giles Michael $320,000
Previous Owner Giles Michael $80,000
Previous Owner Barnett Robyn E $300,000
Previous Owner Barnett Robyn E $37,500
Previous Owner Barnett Robert M $226,800
Closed Barnett Robert M $28,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2014 08/22/14 Sold $499,000 0.0% $149 / Sq Ft
07/27/2014 07/27/14 Pending -- -- --
07/10/2014 07/10/14 For Sale $499,000 -- $149 / 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 $7,944 $299,790 $0 $0
2022 $7,772 $291,060 $0 $0
2021 $7,641 $282,590 $0 $0
2020 $7,009 $274,360 $0 $0
2019 $6,751 $266,370 $0 $0
2018 $6,553 $258,620 $0 $0
2017 $6,281 $251,090 $0 $0
2016 $5,748 $243,780 $0 $0
2015 $5,597 $236,680 $0 $0
2014 $5,512 $229,790 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 14425042

Regional Multiple Listing Service (RMLS)

APN: R257286