NOT LISTED FOR SALE

RiverPlace Condominiums 1616 S Harbor Way Unit 502 Portland, OR 97201

Downtown Portland Neighborhood

Estimated Value: $255,000 - $328,000

1 Bed
1 Bath
834 Sq Ft
$577/mo HOA Fee

Last Sold May 18, 2022

Last sale price $320,000 $384 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $2,423/month

83 Days on Market

Highlights

  • Concierge
  • 4-minute walk to Sw 1St & Harrison
  • Gated Community
  • Ainsworth Elementary School Rated A-
  • Docks
  • 3-minute walk to South Waterfront Park

About This Home

As of May 2022

Spectacular location w river, bridges, & Portland's culture district right out your door. Lovely, secure, pet-friendly building w/ parking & storage. Sun-soaked upper unit east-facing private patio off living & bed. REAL fireplace adds that extra touch of luxury and charm. Great in-unit storage plus XL private storage AND bike room, kayak racks & pull-thru secured parking. Laundry in unit, all appliance stay. A perfect plug-and-play retreat or med. student home/housing, easy access to OHSU tram.

Last Agent to Sell the Property

Kama Dersham

Keller Williams PDX Central License #900600317 Listed on: 01/20/2022

Keller Williams PDX Central

Co-Listed By

Mathew Wray

Keller Williams Realty Portland Premiere License #201206758

Last Buyer's Agent

Joshua Svaren

Svaren Realty License #200401037

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,619

Year Built

  • Built in 1986 | Remodeled

Lot Details

  • 0.89

HOA Fees

  • $577 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Extra Deep Garage
  • Garage on Main Level
  • Secured Garage or Parking
  • Off-Street Parking

Property Views

  • Territorial

Home Design

  • Contemporary Architecture
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 834 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Natural Light
  • Double Pane Windows
  • Family Room
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Washer and Dryer Hookup
  • Storage Room
  • Basement Storage

Kitchen

  • Breakfast Bar
  • Free-Standing Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Hallway
  • Accessibility Features
  • Accessible Doors
  • Level Entry For Accessibility
  • Accessible Entrance
  • Accessible Parking

Outdoor Features

  • Docks
  • Covered Deck

Schools

  • Ainsworth Elementary School
  • West Sylvan Middle School
  • Lincoln High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Electric Water Heater
  • Municipal Trash

Additional Features

  • River Front
  • Upper Level

Listing and Financial Details

  • Assessor Parcel Number R256598

Community Details

Overview

  • 190 Units
  • Riverplace Planned Community Association, Phone Number (503) 222-1863
  • Riverplace Condominiums Subdivision
  • On-Site Maintenance

Amenities

  • Concierge
  • Community Deck or Porch
  • Common Area
  • Community Storage Space

Security

  • Resident Manager or Management On Site
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,619

Year Built

Built in 1986 | Remodeled

Lot Details

0

HOA Fees

$577 per month

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Accessibility: Yes
  • Stories: 1
  • Year Built: 1986
  • Property Condition: UpdatedRemodeled
  • Unreinforced Masonry Building: No
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • New Construction: No
  • Property Attached Yn: No
  • CondominiumConciergeYN: Yes
  • CondominiumDeckAvailYN: Yes
  • CondominiumElevatorYN: Yes
  • CondominiumStorageAvailYN: Yes
  • CondominiumUnitLevel: 5
  • CondominiumUnitsInComplex: 190
  • CondominiumWasherDryer: HookupAvailable
  • CondominiumYardYN: No
  • Current Price For Status: 320000.0
  • Open House: No
  • PublicRemarksCondominium: Onsite management
  • Room 11 Features: EatBar
  • Room 12 Features: Deck,Fireplace
  • Room 13 Features: ClosetOrganizer,SlidingDoors
  • Special Features: None

Interior Features

  • Accessibility Features: AccessibleDoors, AccessibleElevatorInstalled, AccessibleEntrance, AccessibleHallway, GarageonMain, MainFloorBedroomBath, NaturalLighting, OneLevel, Parking, UtilityRoomOnMain
  • Total Bathrooms: 1.0
  • Fireplaces: 1
  • Room 4 Description: Storage
  • Room 4 Level: Lower
  • Basement: StorageSpace
  • Window Features: DoublePaneWindows
  • Appliances: Dishwasher, Disposal, FreeStandingRange, Microwave, Pantry, RangeHood
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: WoodBurning
  • Fireplace: Yes
  • Main Level Full Bathrooms: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 0.0
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Room 8 Description: _3rdBedroom
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: CementSiding
  • Exterior Features: CoveredDeck, Dock
  • Waterfront: Yes
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Road Surface Type: Paved
  • Water Body Name: Willamette
  • Waterfront Features: RiverFront
  • Disclosures: Disclosure
  • Home Warranty: No
  • View: River,Territorial

Garage/Parking

  • Garage Type: ExtraDeep
  • Parking Description: OffStreet, Secured
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0
  • AssociationParkingSpaceNo: 126
  • AssociationParkingSpaceOwnedYN: Yes
  • CondominiumGarageType: Attached
  • CondominiumParkingSpaceNo: 126
  • CondominiumParkingTandemYN: No

Utilities

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

Condo/Co-op/Association

  • Unit Location: UpperFloor
  • Association Amenities: Commons, ExteriorMaintenance, Gated, Insurance, MaintenanceGrounds, Management, Sewer, Trash
  • Senior Community: No
  • Association Fee: 577.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • AssociationPendingLitigationYN: No
  • AssociationStatus: Active
  • CondominiumAssociationContact: riverplace@coastmgt.com
  • CondominiumAssociationEmail: riverplace@coastmgt.com
  • CondominiumAssociationName: Riverplace Planned Community
  • CondominiumAssociationPhone: 503-222-1863
  • CondominiumAssociationURLYN: No

Schools

  • Elementary School: Ainsworth
  • High School: Lincoln
  • Middle Or Junior School: West Sylvan

Lot Info

  • Farm: No
  • Parcel #: R256598

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2020
  • Tax Annual Amount: 5619.34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2022
Closed on
May 17, 2022
Sold by
Donald M Marshall Trust and Judith A Marshall Trust
Bought by
Straughan Rae Ann
Seller's Agent
Kama Dersham
Keller Williams PDX Central
Buyer's Agent
Joshua Svaren
Svaren Realty
List Price
$320,000
Sold Price
$320,000
Current Estimated Value
$278,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$41,053
Avg. Annual Appreciation
-3.76%
Original Mortgage
$272,000
Outstanding Balance
$256,319
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$22,628

Purchase Details

Closed on
Nov 25, 2008
Sold by
Marshall Donald M and Marshall Judith A
Bought by
Marshall Donald M and Marshall Judith A

Purchase Details

Closed on
May 27, 2008
Sold by
Dulce Andre and Garr Allison
Bought by
Marshall Donald M and Marshall Judy A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Straughan Rae Ann $320,000 None Listed On Document
Marshall Donald M -- None Available
Marshall Donald M $310,000 Lawyers Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Straughan Rae Ann $272,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2022 05/18/22 Sold $320,000 0.0% $384 / Sq Ft
04/13/2022 04/13/22 Pending -- -- --
03/29/2022 03/29/22 For Sale $320,000 0.0% $384 / Sq Ft
03/25/2022 03/25/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $320,000 -- $384 / 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
2025 $4,541 $237,510 -- $237,510
2024 $5,061 $261,460 -- $261,460
2023 $5,744 $253,850 $0 $253,850
2022 $5,820 $246,460 $0 $0
2021 $5,850 $239,290 $0 $0
2020 $5,619 $232,330 $0 $0
2019 $5,283 $225,570 $0 $0
2018 $5,301 $219,000 $0 $0
2017 $5,313 $212,630 $0 $0
2016 $4,743 $206,440 $0 $0
2015 $4,457 $200,430 $0 $0
2014 $4,037 $194,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kama Dersham

    Seller's Agent in 2022

    Kama Dersham

    Keller Williams PDX Central

    (503) 336-6868

    1 in this area

    83 Total Sales

    Kama Dersham
    Section Image
  • Mathew Wray

    Seller Co-Listing Agent in 2022

    Mathew Wray

    Keller Williams Realty Portland Premiere

    (503) 989-4204

    1 in this area

    212 Total Sales

    Mathew Wray
    Section Image
  • Joshua Svaren

    Buyer's Agent in 2022

    Joshua Svaren

    Svaren Realty

    (503) 267-9828

    2 in this area

    24 Total Sales

    Joshua Svaren
    Section Image
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About RiverPlace Condominiums

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22585588

Regional Multiple Listing Service (RMLS)

APN: R256598

Oregon Multnomah County Portland 97201 Downtown Portland

1616 S Harbor Way Unit 502, Portland, OR

Not Listed for Sale

Condos

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