NOT LISTED FOR SALE

1720 NE 15th Ave Portland, OR 97212

Irvington Neighborhood

Estimated Value: $1,008,000 - $1,101,755

7 Beds
5 Baths
3,421 Sq Ft
$309/Sq Ft Est. Value

Last Sold March 24, 2020

Last sale price $886,500 $259 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $6,933/month

35 Days on Market

Highlights

  • Historic or Period Millwork
  • Forced Air Heating and Cooling System
  • Level Lot
  • Irvington Elementary School Rated 10
  • Laundry Facilities
  • Wood Siding

About This Home

As of March 2020

Offers reviewed 2/27 at 5:00 pm. Impeccably maintained/remodeled tri-plex, close in + convenient. Original woodwork, period fixtures, pocket doors, hardwood floors, gas appl. 1-3/2 unit, 1-2/2 unit + 1 1/1 unit. Common laundry-coin operated. 2 parking spots. New boiler + water htr. Fully leased. Potential for 4th unit in basement + individual w+d for superior returns. Whole bldg wtr sprinkler system. Potential to transfer + sell off additional FAR bonus value.

Last Agent to Sell the Property

Jeffrey Capen

Windermere Realty Trust License #200308199 Listed on: 01/31/2020

Windermere Realty Trust

Last Buyer's Agent

Mark Ross

Ross NW Real Estate LLC License #910800124

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,878

Year Built

  • Built in 1890

Lot Details

  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,421 Sq Ft Home
  • 4-Story Property
  • Historic or Period Millwork
  • Fire Sprinkler System

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Schools

  • Irvington Elementary School
  • Harriet Tubman Middle School
  • Grant High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R182432

Community Details

Overview

  • 3 Units
  • Irvington Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $24,020
  • Gross Income $64,020
  • Net Operating Income $40,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,878

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 4
  • Year Built: 1890
  • Property Condition: RegisterofHistoricHomes
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement, PartiallyFinished, StorageSpace
  • Storage: Basement
  • High School2: Grant
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Security: FireSprinklerSystem
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Irvington
  • High School: Jefferson
  • Middle Or Junior School: Harriet Tubman

Lot Info

  • Zoning: RH
  • Parcel #: R182432

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2018
  • Tax Annual Amount: 10878.19

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 13.28
  • Annual Gross Income: 64020.0
  • Property Net Operating Income: 40000.0
  • Annual Operating Expense: 24020.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2020
Closed on
Mar 19, 2020
Sold by
Hayes Vi Enterprises Llc
Bought by
Staley Enterprises Llc
Seller's Agent
Jeffrey Capen
Windermere Realty Trust
Buyer's Agent
Mark Ross
Ross NW Real Estate LLC
List Price
$899,900
Sold Price
$886,500
Premium/Discount to List
-$13,400
-1.49%
Current Estimated Value
$1,056,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,850
Avg. Annual Appreciation
3.52%
Original Mortgage
$620,550
Outstanding Balance
$554,683
Interest Rate
3.3%
Mortgage Type
Construction
Estimated Equity
$513,370

Purchase Details

Closed on
Sep 12, 2012
Sold by
Hayes Daniel D
Bought by
Hayes Vi Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,787
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2012
Sold by
Portland Guest House Inc
Bought by
Hayes Daniel D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,787
Interest Rate
3.62%
Mortgage Type
New Conventional
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
Staley Enterprises Llc $886,500 Fidelity National Ttl Of Or
Hayes Vi Enterprises Llc -- None Available
Hayes Daniel D $493,050 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Staley Enterprises Llc $620,550
Previous Owner Hayes Daniel D $369,787
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2020 03/24/20 Sold $886,500 +4.3% $259 / Sq Ft
02/28/2020 02/28/20 Pending -- -- --
02/10/2020 02/10/20 Price Changed $849,900 -5.6% $248 / Sq Ft
01/24/2020 01/24/20 For Sale $899,900 -- $263 / 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 $13,188 $497,670 $0 $0
2022 $12,902 $483,180 $0 $0
2021 $12,684 $469,110 $0 $0
2020 $11,635 $455,450 $0 $0
2019 $11,208 $442,190 $0 $0
2018 $10,878 $429,320 $0 $0
2017 $10,426 $416,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Capen

    Seller's Agent in 2020

    Jeffrey Capen

    Windermere Realty Trust

    (503) 888-5191

    2 in this area

    311 Total Sales

    Section Image
  • Mark Ross

    Buyer's Agent in 2020

    Mark Ross

    Ross NW Real Estate LLC

    (503) 680-2100

    1 in this area

    74 Total Sales

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20113385

Regional Multiple Listing Service (RMLS)

APN: R182432

Oregon Multnomah County Portland 97212 Irvington

1720 NE 15th Ave, Portland, OR

This home is located at 1720 NE 15th Ave, Portland, OR 97212 since 31 January 2020 and is currently estimated at $1,056,689, approximately $308 per square foot. This property was built in 1890. 1720 NE 15th Ave is a home located in Multnomah County with nearby schools including Irvington Elementary School, Harriet Tubman Middle School, and Jefferson High School.

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