NOT LISTED FOR SALE

1550 SE Lava Dr Unit 10 Portland, OR 97222

Historic Milwaukie Neighborhood

Estimated Value: $305,000 - $366,000

2 Beds
1.5 Baths
1,204 Sq Ft
$360/mo HOA Fee

Last Sold March 26, 2024

Last sale price $275,000 $228 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,492/month

133 Days on Market

Highlights

  • River Front
  • Wood Flooring
  • Living Room
  • Deck
  • Window Unit Cooling System
  • Resident Manager or Management On Site

About This Home

As of March 2024

Location is everything and this lovely, quiet, low maintenance condo is ideally located just minutes from picturesque Willamette River views, peaceful walking paths, both paved and along the waterfront, Downtown Milwaukie and its fan favorite Farmer's Market, plus the incredible, newly revamped Ledding Library across the street. Refreshed with new laminate flooring throughout, this easy condo has a dining area with a ceiling fan, living room with a gas fireplace and slider to a back balcony, half bathroom on the main floor, plus two bedrooms and a full bathroom downstairs. Carport and all kitchen appliances and washer and dryer included! $360/mo HOA covers water, sewer, garbage. No rental cap. Near MAX and an easy bike or bus ride into Sellwood/Moreland shops, restaurants, coffee shops, and bakeries, yet just far enough away to escape from the hustle and bustle when you just want to relax. Welcome home!

Last Agent to Sell the Property

Rob Levy

Keller Williams Realty Professionals License #881100070 Listed on: 10/13/2023

Keller Williams Realty Professionals

Co-Listed By

Caitlin McLean Abouaf

Keller Williams Realty Professionals License #201207992

Last Buyer's Agent

Perry Thoorsell

Kelly Right Real Estate of Portland, LLC License #201237108

Kelly Right Real Estate of Portland, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,203

Year Built

  • Built in 1970

Lot Details

  • River Front
  • 1 Common Wall

HOA Fees

  • $360 Monthly HOA Fees

Parking

  • Carport

Interior Spaces

  • 1,204 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Security Lights

Kitchen

  • Built-In Range
  • Free-Standing Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Deck

Schools

  • Milwaukie Elementary School
  • Rowe Middle School
  • Milwaukie High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 00018625

Community Details

Overview

  • Royal Terrace Condo Association, Phone Number (503) 684-1832
  • Historic Milwaukie Subdivision
  • On-Site Maintenance

Amenities

  • Community Deck or Porch
  • Common Area

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,203

Year Built

Built in 1970

Lot Details

0

HOA Fees

$360 per month

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 2
  • Year Built: 1970
  • Property Condition: Resale
  • Property Sub Type: Condominium
  • Architectural Style: CommonWall
  • New Construction: No
  • Property Attached Yn: No
  • CondominiumConciergeYN: No
  • CondominiumDeckAvailYN: Yes
  • CondominiumElevatorYN: No
  • CondominiumWasherDryer: HookupAvailable
  • Open House: No
  • PublicRemarksAssociation: Confirm: Condo Pet Policies: 2 pet under 30 lb, 2 levels in building
  • Room 11 Features: Dishwasher,Disposal
  • Room 12 Features: Balcony,Fireplace,SlidingDoors
  • Room 9 Features: CeilingFan
  • CondominiumTotalLevels: 2
  • Special Features: VirtualTour

Interior Features

  • Total Bathrooms: 1.1
  • Fireplaces: 1
  • Interior Amenities: CeilingFan, HardwoodFloors, LaminateFlooring, Laundry, VinylFloor, WalltoWallCarpet, WasherDryer, WoodFloors
  • Basement: Finished, FullBasement
  • Appliances: BuiltinRange, Dishwasher, Disposal, FreeStandingRange, FreeStandingRefrigerator
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Stories: 2
  • Association Contact: ?Melissa Toblen
  • BathroomsFullLowerLevel: 1
  • BathroomsPartialMainLevel: 1
  • BathroomsTotalLowerLevel: 1.0
  • BathroomsTotalMainLevel: 0.1
  • BathroomsTotalUpperLevel: 0.0
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Lower
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Lower
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: Other
  • Exterior Features: Deck, SecurityLights
  • Waterfront: Yes
  • View: No
  • Lot Features: Commons
  • Water Body Name: Willamette River
  • Waterfront Features: RiverFront
  • Disclosures: Exempt
  • Home Warranty: No
  • Roof: Other

Garage/Parking

  • Garage Type: Carport
  • Parking Description: Carport
  • Attached Garage: No
  • AssociationParkingSpaceOwnedYN: Yes

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: WindowUnit
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Unit Location: MainLevel
  • Association Amenities: Commons, ExteriorMaintenance, Insurance, Management, Sewer, Trash, Water
  • Senior Community: No
  • Association Fee: 360.0
  • Association Fee Frequency: Monthly
  • Association Name: Royal Terrace Condo
  • Phone: 503-684-1832
  • Association: Yes

Association/Amenities

  • AssociationPendingLitigationYN: No
  • AssociationStatus: Active
  • CondominiumAssociationContact: Holly Thompson
  • CondominiumAssociationEmail: info@superiorcommunity.com
  • CondominiumAssociationName: Royal Terrace Condo
  • CondominiumAssociationPhone: 503-684-1832
  • CondominiumAssociationURLYN: Yes

Schools

  • Elementary School: Milwaukie
  • High School: Milwaukie
  • Middle Or Junior School: Rowe

Lot Info

  • Parcel #: 00018625

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 3202.65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2023
Closed on
Mar 22, 2024
Sold by
Smith Robert W
Bought by
Scholz Benjamin and Scholz Robert
Seller's Agent
Rob Levy
Keller Williams Realty Professionals
Buyer's Agent
Perry Thoorsell
Kelly Right Real Estate of Portland, LLC
List Price
$374,900
Sold Price
$275,000
Premium/Discount to List
-$99,900
-26.65%
Views
368
Current Estimated Value
$332,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,157
Avg. Annual Appreciation
16.45%
Original Mortgage
$175,000
Outstanding Balance
$173,095
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$159,062

Purchase Details

Listed on
Dec 19, 2017
Closed on
Jan 4, 2018
Sold by
Montes Laurel A
Bought by
Smith Robert W
Seller's Agent
Anne Stewart
eXp Realty, LLC
Buyer's Agent
Rob Levy
Keller Williams Realty Professionals
List Price
$195,000
Sold Price
$198,300
Premium/Discount to List
$3,300
1.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.40%

Purchase Details

Closed on
Aug 6, 2013
Sold by
Babb Kip L and Babb Gina R
Bought by
Montes Laurel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,400
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 23, 2008
Sold by
Babb Gina R and Reynolds Gina R
Bought by
Babb Kip L and Babb Gina R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 17, 2004
Sold by
Jones Tim Allen
Bought by
Reynolds Gina R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2001
Sold by
Mazzotta Gina M
Bought by
Jones Tim Allen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,250
Interest Rate
6.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 11, 1997
Sold by
Rogers Jamey M
Bought by
Mazzotta Gina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,550
Interest Rate
7.94%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Scholz Benjamin $275,000 Fidelity National Title
Smith Robert W $198,300 Old Republic Title Co
Montes Laurel A $149,900 First American
Babb Kip L -- Chicago Title Insurance Co
Reynolds Gina R $125,000 Transnation Title Agency Or
Jones Tim Allen $115,000 Pacific Nw Title
Mazzotta Gina M $89,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scholz Benjamin $175,000
Previous Owner Montes Laurel A $142,400
Previous Owner Babb Kip L $126,000
Previous Owner Reynolds Gina R $28,000
Previous Owner Reynolds Gina R $100,000
Previous Owner Jones Tim Allen $109,250
Previous Owner Mazzotta Gina M $84,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2024 03/26/24 Sold $275,000 -8.3% $228 / Sq Ft
02/24/2024 02/24/24 Pending -- -- --
12/12/2023 12/12/23 Price Changed $299,900 -7.7% $249 / Sq Ft
11/15/2023 11/15/23 Price Changed $324,900 -7.1% $270 / Sq Ft
10/23/2023 10/23/23 Price Changed $349,900 -6.7% $291 / Sq Ft
10/13/2023 10/13/23 For Sale $374,900 +89.1% $311 / Sq Ft
01/05/2018 01/05/18 Sold $198,300 +1.7% $165 / Sq Ft
12/20/2017 12/20/17 Pending -- -- --
12/19/2017 12/19/17 For Sale $195,000 -- $162 / 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 $3,468 $153,828 $0 $0
2022 $3,203 $149,348 $0 $0
2021 $3,090 $144,999 $0 $0
2020 $2,994 $140,776 $0 $0
2019 $2,950 $136,676 $0 $0
2018 $2,623 $132,695 $0 $0
2017 $2,548 $128,830 $0 $0
2016 $2,463 $125,078 $0 $0
2015 $2,345 $121,435 $0 $0
2014 $2,224 $117,898 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rob Levy

    Seller's Agent in 2024

    Rob Levy

    Keller Williams Realty Professionals

    (503) 310-0807

    3 in this area

    162 Total Sales

    Rob Levy
    Section Image
  • Caitlin McLean Abouaf

    Seller Co-Listing Agent in 2024

    Caitlin McLean Abouaf

    Keller Williams Realty Professionals

    (503) 724-0035

    1 in this area

    104 Total Sales

    Caitlin McLean Abouaf
    Section Image
  • Perry Thoorsell

    Buyer's Agent in 2024

    Perry Thoorsell

    Kelly Right Real Estate of Portland, LLC

    (650) 283-6785

    1 in this area

    11 Total Sales

    Perry Thoorsell
    Section Image
  • Anne Stewart

    Seller's Agent in 2018

    Anne Stewart

    eXp Realty, LLC

    (503) 804-1466

    1 in this area

    146 Total Sales

    Anne Stewart
    Section Image
  • Linda Quinn

    Seller Co-Listing Agent in 2018

    Linda Quinn

    eXp Realty, LLC

    (503) 706-9187

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23646891

Regional Multiple Listing Service (RMLS)

APN: 00018625

Oregon Clackamas County Portland 97222 Historic Milwaukie

1550 SE Lava Dr Unit 10, Portland, OR

This home is located at 1550 SE Lava Dr Unit 10, Portland, OR 97222 since 13 October 2023 and is currently estimated at $332,157, approximately $275 per square foot. This property was built in 1970. 1550 SE Lava Dr Unit 10 is a home located in Clackamas County with nearby schools including Milwaukie Elementary School, Rowe Middle School, and Milwaukie High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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