NOT LISTED FOR SALE

2409 SE 51st Ave Unit 12B Portland, OR 97206

Richmond Neighborhood

Estimated Value: $240,000 - $301,000

1 Bed
1 Bath
685 Sq Ft
$402/mo HOA Fee

Last Sold June 10, 2024

Last sale price $265,000 $387 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,173/month

46 Days on Market

Highlights

  • Gated Community
  • Wood Flooring
  • Stainless Steel Appliances
  • Atkinson Elementary School Rated 10
  • Granite Countertops
  • Double Pane Windows

About This Home

As of June 2024

Light, bright and low maintenance 1 bed/1 bath, top-floor corner condo in close-in SE Portland right off Division, with a deeded parking spot. Enjoy views of tree laden streets in the highly sought-after Richmond neighborhood, just around the corner from Petite Provence, Good Coffee and DC Vegetarian. Red brick façade, hardwood floors and crown molding add historic Portland charm. The updated kitchen features granite countertops, hardwood cabinets and stainless steel appliances. An open-concept dining and living room create expansiveness in the main living space. This condo has ample storage in-unit, with four closets including double closets in the spacious bedroom, plus additional private storage space with a laundry room in the basement. Formal foyer entry delivers you to the front door while back door in unit gives easy access to the back gated parking lot as well as the laundry/storage room. The deeded parking spot is invaluable in this bustling neighborhood. HOA fee covers water/sewer and garbage. Enjoy nearby parks, coffee, transit, shops and eateries - all within a short walk. Walk score: 89 and a biker's paradise: 94. This condo offers comfortable and quiet living (or a pied-à-terre!) in a secure building, with quick access to the best of Portland. Investors, this is a great rental opportunity with no rental cap! Limitation on short term rentals, no tenants less than 30 days per HOA docs.

Last Agent to Sell the Property

Tracey Henkels

Living Room Realty License #200412147 Listed on: 03/27/2024

Living Room Realty

Last Buyer's Agent

Veronica Ocejo-Johnson

Living Room Realty License #201237743

Living Room Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,814

Year Built

  • Built in 1949

Lot Details

  • 1 Common Wall
  • Gated Home
  • Landscaped

HOA Fees

  • $402 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 685 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Dining Room
  • Storage Room
  • Washer and Dryer
  • Security Gate

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Tile Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • Off-Street Parking
  • Deeded Parking
  • Controlled Entrance

Location

  • Upper Level

Schools

  • Atkinson Elementary School
  • Harrison Park Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Radiant Heating System
  • Gas Available
  • Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number R581645

Community Details

Overview

  • 25 Units
  • Franklin Condominiums Association, Phone Number (503) 445-1122
  • Richmond Subdivision
  • On-Site Maintenance

Amenities

  • Common Area
  • Community Storage Space

Recreation

  • Snow Removal

Security

  • Resident Manager or Management On Site
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,814

Year Built

Built in 1949

Lot Details

0

HOA Fees

$402 per month

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 1
  • Year Built: 1949
  • Property Condition: Resale
  • Property Sub Type: Condominium
  • Architectural Style: CommonWall, Other
  • New Construction: No
  • Property Attached Yn: No
  • CondominiumConciergeYN: No
  • CondominiumDeckAvailYN: No
  • CondominiumElevatorYN: No
  • CondominiumStorageAvailYN: Yes
  • CondominiumUnitLevel: 2
  • CondominiumUnitsInComplex: 25
  • CondominiumYardYN: No
  • Open House: No
  • Room 11 Features: Dishwasher,Microwave
  • Room 12 Features: HardwoodFloors
  • Room 13 Features: HardwoodFloors
  • Room 9 Features: HardwoodFloors
  • CondominiumTotalLevels: 2
  • Unit Floor Number: 2
  • Special Features: VirtualTour

Interior Features

  • Total Bathrooms: 1.0
  • Interior Amenities: Granite, HardwoodFloors, TileFloor, WasherDryer
  • Room 4 Description: Storage
  • Room 4 Level: Lower
  • Basement: FullBasement, StorageSpace
  • Window Features: DoublePaneWindows, VinylFrames
  • Appliances: Dishwasher, FreeStandingRange, FreeStandingRefrigerator, Granite, Microwave, StainlessSteelAppliance, Tile
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Stories: 2
  • 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
  • Fourth Bedroom Area: 70
  • Other Room9 Area: 56
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: Brick,LapSiding
  • Exterior Features: Fenced
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Gated
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition

Garage/Parking

  • Parking Description: Deeded, OffStreet
  • Attached Garage: No
  • CondominiumGarageType: Deeded
  • CondominiumParkingSpaceNo: #6
  • CondominiumParkingTandemYN: No
  • CondominiumParkingTax: 182.29

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Security: Entry, SecurityGate
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Unit Location: UpperFloor
  • Association Amenities: AllLandscaping, Commons, ExteriorMaintenance, Gas, Gated, Heat, MaintenanceGrounds, Management, Sewer, SnowRemoval, Trash, Water
  • Senior Community: No
  • Association Fee: 402.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • CondominiumAssociationContact: Chelsea Campbell
  • CondominiumAssociationEmail: chelseac@communitymgt.com
  • CondominiumAssociationName: Franklin Condominiums
  • CondominiumAssociationPhone: 503-445-1122
  • CondominiumAssociationURLYN: Yes

Schools

  • Elementary School: Atkinson
  • High School: Franklin
  • Middle Or Junior School: Harrison Park

Lot Info

  • Land Lease: No
  • Parcel #: R581645
  • Assessor Parcel Number 2: R581663

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 3814.21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2024
Closed on
Jun 6, 2024
Sold by
Benjamin S Ovshinsky Revocable Trust and Ovshinsky Benjamin S
Bought by
Barnhart Lydia Whitley
Seller's Agent
Tracey Henkels
Living Room Realty
Buyer's Agent
Veronica Ocejo-Johnson
Living Room Realty
List Price
$299,000
Sold Price
$265,000
Premium/Discount to List
-$34,000
-11.37%
Views
60
Current Estimated Value
$269,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,327
Avg. Annual Appreciation
-0.72%

Purchase Details

Closed on
Feb 24, 2006
Sold by
Franklin Condominiums Llc
Bought by
Ovshinsky Benjamin S and Ovshinsky Eileen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
6.56%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Barnhart Lydia Whitley $265,000 Wfg Title
Ovshinsky Benjamin S $162,500 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ovshinsky Benjamin S $76,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2024 06/10/24 Sold $265,000 -11.4% $387 / Sq Ft
05/13/2024 05/13/24 Pending -- -- --
03/27/2024 03/27/24 For Sale $299,000 -- $436 / 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 $3,777 $141,170 -- $141,170
2023 $3,632 $137,060 $0 $137,060
2022 $3,553 $133,070 $0 $0
2021 $3,493 $129,200 $0 $0
2020 $3,205 $125,440 $0 $0
2019 $3,087 $121,790 $0 $0
2018 $2,996 $118,250 $0 $0
2017 $2,872 $114,810 $0 $0
2016 $2,628 $111,470 $0 $0
2015 $2,447 $108,230 $0 $0
2014 $2,255 $105,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24474397

Regional Multiple Listing Service (RMLS)

APN: R581645