NOT LISTED FOR SALE

2424 SE 49th Ave Portland, OR 97206

Richmond Neighborhood

Estimated Value: $700,000 - $1,162,180

8 Beds
4 Baths
3,016 Sq Ft
$319/Sq Ft Est. Value

Last Sold March 29, 2019

Last sale price $882,000 $292 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,901/month

82 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • 4-minute walk to Ivon park
  • Creston Elementary School Rated 9+

About This Home

As of March 2019

No sign on property. Four plex just off popular SE Division. Lower units have enclosed outdoor spaces and upper units have balconies. Features include off street parking and coin-op washer/dryer. The location is steps from the action on SE Division and public transportation routes. Currently fully occupied with a good rental history.

Last Agent to Sell the Property

Donald Falk

Cascade Hasson Sotheby's International Realty License #930200263 Listed on: 12/14/2018

Cascade Hasson Sotheby's International Realty

Last Buyer's Agent

Steve Roesch

NextHome Realty Connection License #980900045

NextHome Realty Connection

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,296

Year Built

  • Built in 1967

Lot Details

  • 5,009

Parking

  • Paved Parking
  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Plywood Siding Panel T1-11

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Crawl Space

Kitchen

  • Range
  • Microwave

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,296

Year Built

Built in 1967

Lot Details

0

Parking

4

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3016
  • Stories: 2
  • Year Built: 1967
  • Property Condition: Approximately
  • Remarks Public: No sign on property. Four plex just off popular SE Division. Lower units have enclosed outdoor spaces and upper units have balconies. Features include off street parking and coin-op washer/dryer. The location is steps from the action on SE Division and public transportation routes. Currently fully occupied with a good rental history.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: WINDSOR HTS, BLOCK 7, LOT 4
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Brick, T-111 Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 4
  • Parking Description: Assigned, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard

Condo/Co-op/Association

  • Common Amenities: Laundry
  • Unit Features: Microwave, Range, Refrigerator, Wood Floors

Schools

  • Elementary School: Creston
  • Middle School: Creston
  • High School: Franklin

Lot Info

  • Lot Description: Level
  • Zoning: R2.5

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 7152.00
  • Assessor Parcel Number: R310164
  • Tax Year: 2018

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 13.45

MLS Schools

  • Elementary School: Creston
  • High School: Franklin
  • Middle School: Creston

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2018
Closed on
Mar 28, 2019
Sold by
Page Timothy C and Hernandez Hector H
Bought by
Richards Daniel W
Seller's Agent
Donald Falk
Cascade Hasson Sotheby's International Realty
Buyer's Agent
Steve Roesch
NextHome Realty Connection
List Price
$950,000
Sold Price
$882,000
Premium/Discount to List
-$68,000
-7.16%
Current Estimated Value
$963,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,045
Avg. Annual Appreciation
1.36%
Original Mortgage
$425,000
Outstanding Balance
$373,651
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$589,394

Purchase Details

Closed on
Oct 22, 2010
Sold by
Monarca Properties Llc
Bought by
Page Timothy C and Hernandez Hector H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,500
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2004
Sold by
Brown Frank Terry
Bought by
Page Timothy C and Hernandez Hector H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
4.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2002
Sold by
Phillips Norman L
Bought by
Brown Frank Terry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,750
Interest Rate
10.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 1996
Sold by
Tran Luan
Bought by
Phillips Norman L and Phillips Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,600
Interest Rate
7.97%
Mortgage Type
Purchase Money Mortgage
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
Richards Daniel W $882,000 First American Title
Page Timothy C -- First American
Page Timothy C $350,000 First American
Brown Frank Terry $257,500 Transnation Title Insurance
Phillips Norman L $197,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richards Daniel W $425,000
Previous Owner Page Timothy C $287,500
Previous Owner Page Timothy C $280,000
Previous Owner Brown Frank Terry $231,750
Previous Owner Phillips Norman L $157,600
Closed Phillips Norman L $9,850
Closed Brown Frank Terry $25,750
Closed Page Timothy C $34,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2019 03/29/19 Sold $882,000 -7.2% $292 / Sq Ft
03/06/2019 03/06/19 Pending -- -- --
12/14/2018 12/14/18 For Sale $950,000 -- $315 / 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 $9,296 $347,440 -- --
2023 $8,939 $337,330 $0 $0
2022 $8,745 $327,510 $0 $0
2021 $8,597 $317,980 $0 $0
2020 $7,887 $308,720 $0 $0
2019 $7,597 $299,730 $0 $0
2018 $7,373 $291,000 $0 $0
2017 $7,067 $282,530 $0 $0
2016 $6,468 $274,310 $0 $0
2015 $6,298 $266,330 $0 $0
2014 $6,203 $258,580 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Donald Falk

    Cascade Hasson Sotheby's International Realty

    (503) 314-8307

    22 Total Sales

    Donald Falk
    Section Image
  • Steve Roesch

    Buyer's Agent in 2019

    Steve Roesch

    NextHome Realty Connection

    (503) 318-6351

    132 Total Sales

    Steve Roesch
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18082889

Regional Multiple Listing Service (RMLS)

APN: R310164

Oregon Multnomah County Portland 97206 Richmond

2424 SE 49th Ave, Portland, OR

This home is located at 2424 SE 49th Ave, Portland, OR 97206 since 14 December 2018 and is currently estimated at $963,045, approximately $319 per square foot. This property was built in 1967. 2424 SE 49th Ave is a home located in Multnomah County with nearby schools including Creston Elementary School, Hosford Middle School, and Franklin High School.

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