NOT LISTED FOR SALE

1551 NE 76th Ave Unit 1555 Portland, OR 97213

Montavilla Neighborhood

Estimated Value: $514,914 - $595,000

4 Beds
2 Baths
1,632 Sq Ft
$336/Sq Ft Est. Value

Last Sold November 20, 2019

Last sale price $500,000 $306 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,388/month

2 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • Lap Siding

About This Home

As of November 2019

Welcome to this first to market Montavilla Duplex. Vacant and ready for new market rents. Owner had rented below market for many years ($1150-$1250). The units are well maintained and essentially a turn key rental opportunity or live in one side and rent out other to help with mortgage. Excellent Inner-NE location. 10 year old roof & newer heating systems in both units. Private Patio, Storage unit, and small yard. Well Maintained Units.

Last Agent to Sell the Property

Jayston Ripplinger

Realty Pro Oregon LLC. License #201210201 Listed on: 11/07/2019

Last Buyer's Agent

Mark Charlesworth

Keller Williams PDX Central License #200907037

Keller Williams PDX Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,895

Year Built

  • Built in 1964

Lot Details

  • 5,009

Parking

  • Paved Parking
  • Open Parking

Home Design

  • Brick Exterior Construction
  • Lap Siding

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • Range
  • Wood Flooring
  • Washer and Dryer Hookup
  • Crawl Space
  • Level Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,895

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1632
  • Year Built: 1964
  • Remarks Public: Welcome to this first to market Montavilla Duplex. Vacant and ready for new market rents. Owner had rented below market for many years ($1150-$1250). The units are well maintained and essentially a turn key rental opportunity or live in one side and rent out other to help with mortgage. Excellent Inner-NE location. 10 year old roof & newer heating systems in both units. Private Patio, Storage unit, and small yard. Well Maintained Units.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: JONESMORE, BLOCK 36, LOT 36&37
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Brick, Lap Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 2
  • Parking Description: Open, Paved

Utilities

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

Condo/Co-op/Association

  • Unit Features: Hardwood Floors, Range, Refrigerator, Washer/Dryer Hookup

Schools

  • Elementary School: Vestal
  • High School: Madison

Lot Info

  • Lot Description: Level
  • Zoning: R2

Rental Info

  • Rent Includes: Trash Collection, Water

Tax Info

  • Tax Amount: 4675.90
  • Assessor Parcel Number: R193987
  • Tax Year: 2018

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 16.49

MLS Schools

  • Elementary School: Vestal
  • High School: Madison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2019
Closed on
Dec 31, 2019
Sold by
King Matthew Harrison
Bought by
King Matthew Harrison and King Mitzy
Seller's Agent
Jayston Ripplinger
Realty Pro Oregon LLC.
Buyer's Agent
Mark Charlesworth
Keller Williams PDX Central
List Price
$475,000
Sold Price
$500,000
Premium/Discount to List
$25,000
5.26%
Current Estimated Value
$547,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,979
Avg. Annual Appreciation
1.56%
Original Mortgage
$350,000
Outstanding Balance
$309,834
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$238,145

Purchase Details

Listed on
Nov 7, 2019
Closed on
Nov 18, 2019
Sold by
Beck James G and Beck Kathleen M
Bought by
King Matthew Harrison
Seller's Agent
Jayston Ripplinger
Realty Pro Oregon LLC.
Buyer's Agent
Mark Charlesworth
Keller Williams PDX Central
List Price
$475,000
Sold Price
$500,000
Premium/Discount to List
$25,000
5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$309,834
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$238,145

Purchase Details

Closed on
Jun 19, 1996
Sold by
Filer Lloyd E
Bought by
Beck James G and Beck Kathleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
King Matthew Harrison -- Wfg Title
King Matthew Harrison $500,000 First American
Beck James G $130,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King Matthew Harrison $350,000
Previous Owner Beck James G $91,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2019 11/20/19 Sold $500,000 +5.3% $306 / Sq Ft
11/09/2019 11/09/19 Pending -- -- --
11/07/2019 11/07/19 For Sale $475,000 -- $291 / 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 $5,895 $220,320 -- --
2023 $5,668 $213,910 $0 $0
2022 $5,546 $207,680 $0 $0
2021 $5,452 $201,640 $0 $0
2020 $5,001 $195,770 $0 $0
2019 $4,817 $190,070 $0 $0
2018 $4,676 $184,540 $0 $0
2017 $4,482 $179,170 $0 $0
2016 $4,102 $173,960 $0 $0
2015 $3,994 $168,900 $0 $0
2014 $3,934 $163,990 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jayston Ripplinger

    Realty Pro Oregon LLC.

    (360) 909-8387

    51 Total Sales

    Jayston Ripplinger
    Section Image
  • Mark Charlesworth

    Buyer's Agent in 2019

    Mark Charlesworth

    Keller Williams PDX Central

    (503) 444-5868

    5 in this area

    534 Total Sales

    Mark Charlesworth
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19418957

Regional Multiple Listing Service (RMLS)

APN: R193987

Oregon Multnomah County Portland 97213 Montavilla

1551 NE 76th Ave Unit 1555, Portland, OR

This home is located at 1551 NE 76th Ave Unit 1555, Portland, OR 97213 since 07 November 2019 and is currently estimated at $547,979, approximately $335 per square foot. This property was built in 1964. 1551 NE 76th Ave Unit 1555 is a home located in Multnomah County with nearby schools including Vestal Elementary School, Leodis V. McDaniel High School, and Portland Arthur Academy.

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