NOT LISTED FOR SALE

2508 SE Belmont St Unit 2512 Portland, OR 97214

Buckman Neighborhood

Estimated Value: $965,000 - $1,429,513

8 Beds
4 Baths
4,945 Sq Ft
$231/Sq Ft Est. Value

Last Sold April 22, 2020

Last sale price $1,150,000 $233 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $7,319/month

25 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Air Conditioning
  • Sunnyside Environmental School Rated 9+
  • Double Pane Windows
  • Views

About This Home

As of April 2020

Rare opportunity to own a piece of Portland history. Built in 1910, by Chas. E. Tilton, this cherished 4-plex, located on trendy Belmont features the original intact, walk-up, owner's unit w/boxed beams, pocket doors + builtins. The millwork is gobsmacking! Enjoy mornings in your spacious sunroom, sunsets, city views from your balcony. 3 additional units in great shape, renovated, fully rented w/tenant waiting lists. Storage, 2 units w/separate washer/dryer hookups, 2 units share washer/dryer.

Last Agent to Sell the Property

Lee McKnight

Cascade Hasson Sotheby's International Realty License #960300246 Listed on: 02/15/2020

Cascade Hasson Sotheby's International Realty

Co-Listed By

Jesse Manis

Cascade Hasson Sotheby's International Realty License #201226651

Last Buyer's Agent

Jarrett Altman

Neighborhood Works License #200003181

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,196

Year Built

  • Built in 1910 | Remodeled

Lot Details

  • 4,008

Home Design

  • Wood Siding
  • Lap Siding
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Double Pane Windows
  • Window Treatments
  • Wood Flooring
  • Range
  • Washer and Dryer
  • Property Views

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Basement Storage
  • Natural lighting in basement

Utilities

  • Air Conditioning
  • Heat Pump System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Additional Features

  • Deck
  • Level Lot
  • Property is near a bus stop

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,196

Year Built

Built in 1910 | Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 4945
  • Stories: 3
  • Year Built: 1910
  • Property Condition: Updated/Remodeled
  • Remarks Public: Rare opportunity to own a piece of Portland history. Built in 1910, by Chas. E. Tilton, this cherished 4-plex, located on trendy Belmont features the original intact, walk-up, owner's unit w/boxed beams, pocket doors + builtins. The millwork is gobsmacking! Enjoy mornings in your spacious sunroom, sunsets, city views from your balcony. 3 additional units in great shape, renovated, fully rented w/tenant waiting lists. Storage, 2 units w/separate washer/dryer hookups, 2 units share washer/dryer.
  • Unreinforced Masonry Building: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: TILTONS ADD, BLOCK 6, LOT 4
  • Basement: Daylight, Full Basement, Exterior Entry
  • Storage: Basement

Exterior Features

  • Exterior Description: Lap Siding, Shingle Siding, Wood Siding
  • Lot Size: 3,000 to 4,999 SqFt
  • Roof Type: Composition
  • View: City, Seasonal
  • Foundation Details: Concrete Perimeter
  • View: Yes
  • Road Surface: Paved

Garage/Parking

  • Parking Description: None

Utilities

  • Energy Efficiency Features: Heat Pump, Double Pane Windows
  • Fuel Description: Gas
  • Hot Water: Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Cooling Description: Heat Pump
  • Heating Description: Forced Air
  • Internet Service Type: Cable

Association/Amenities

  • Amenities Supplement: Yes

Condo/Co-op/Association

  • Unit Features: Deck, Range, Refrigerator, Washer/Dryer Hookup, Washer/Dryer, Window Coverings, Wood Floors, Air Conditioning

Schools

  • Elementary School: Sunnyside Env
  • Middle School: Sunnyside Env
  • High School: Franklin

Lot Info

  • Lot Description: On Busline, Level
  • Zoning: CM2
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: Yes

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 10783.37
  • Assessor Parcel Number: R287875
  • Tax Year: 2019

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 19.23

MLS Schools

  • Elementary School: Sunnyside Env
  • High School: Franklin
  • Middle School: Sunnyside Env

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 23, 2020
Sold by
Hannah Richard J and Hannah Seana T
Bought by
Jackson Equity Llc
Current Estimated Value
$1,143,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Outstanding Balance
$254,072
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$858,068

Purchase Details

Listed on
Feb 15, 2020
Closed on
Apr 22, 2020
Sold by
Ethridge Matthew
Bought by
Hannah Seana Robin and Hannah Richard Jackson
Seller's Agent
Lee McKnight
Cascade Hasson Sotheby's International Realty
Buyer's Agent
Jarrett Altman
Neighborhood Works
List Price
$1,250,000
Sold Price
$1,150,000
Premium/Discount to List
-$100,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.62%
Original Mortgage
$645,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2019
Sold by
Ethridge Matthew
Bought by
Ethridge Matthew and Matthew Ethridge Trust

Purchase Details

Closed on
Mar 6, 2019
Sold by
Ethridge Matthew David
Bought by
Wyatt P Holdings Llc

Purchase Details

Listed on
May 3, 2018
Closed on
Aug 2, 2018
Sold by
Smith Kevin B
Bought by
Ethridge Matthew
Seller's Agent
Claire Paris
Paris Group Realty LLC
Buyer's Agent
Lee McKnight
Cascade Hasson Sotheby's International Realty
List Price
$1,340,000
Sold Price
$1,267,500
Premium/Discount to List
-$72,500
-5.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.83%

Purchase Details

Closed on
Sep 18, 2017
Sold by
Smith Kevin B
Bought by
Smith Kevin B and Smith Cheryl Bruce

Purchase Details

Listed on
Oct 2, 2015
Closed on
Dec 30, 2015
Sold by
Harter Stephens V
Bought by
Smith Kevin B
Seller's Agent
Jani Wright
MORE Realty
Buyer's Agent
Claire Paris
Paris Group Realty LLC
List Price
$999,500
Sold Price
$896,000
Premium/Discount to List
-$103,500
-10.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.26%
Original Mortgage
$664,750
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2012
Sold by
Bermont Anita
Bought by
Harter Stephens

Purchase Details

Closed on
Jun 14, 2005
Sold by
Harter Stephens
Bought by
Harter Stephens and Bermont Anita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,500
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 13, 2005
Sold by
Malsin Bradley J
Bought by
Harter Stephens

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,500
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 8, 2002
Sold by
Bp Holdings Llc
Bought by
Malsin Bradley J and Malsin Elizabeth A

Purchase Details

Closed on
Apr 3, 2002
Sold by
Lyonais James E
Bought by
Bp Holding Llc
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
Jackson Equity Llc -- None Available
Hannah Seana Robin $1,150,000 First American
Ethridge Matthew -- None Available
Wyatt P Holdings Llc -- None Available
Ethridge Matthew $1,267,500 Chicago Title
Smith Kevin B -- None Available
Smith Kevin B $896,000 Fidelity Natl Title Co Of Or
Harter Stephens -- None Available
Harter Stephens -- Ticor Title Insurance Compan
Harter Stephens $600,000 Ticor Title Insurance Compan
Malsin Bradley J $147,500 --
Bp Holding Llc $193,201 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jackson Equity Llc $337,500
Previous Owner Hannah Seana Robin $645,000
Previous Owner Smith Kevin B $664,750
Previous Owner Harter Stephens $298,000
Previous Owner Harter Stephens $333,500
Previous Owner Malsin Bradley J $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2020 04/22/20 Sold $1,150,000 -8.0% $233 / Sq Ft
03/11/2020 03/11/20 Pending -- -- --
02/15/2020 02/15/20 For Sale $1,250,000 -1.4% $253 / Sq Ft
08/06/2018 08/06/18 Sold $1,267,500 -5.4% $268 / Sq Ft
07/05/2018 07/05/18 Pending -- -- --
05/03/2018 05/03/18 For Sale $1,340,000 +49.6% $284 / Sq Ft
12/31/2015 12/31/15 Sold $896,000 -10.4% $190 / Sq Ft
10/29/2015 10/29/15 Pending -- -- --
10/02/2015 10/02/15 For Sale $999,500 -- $212 / 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 $13,196 $493,190 -- --
2023 $12,688 $478,830 $0 $0
2022 $12,414 $464,890 $0 $0
2021 $12,203 $451,350 $0 $0
2020 $11,195 $438,210 $0 $0
2019 $10,783 $425,455 $0 $0
2018 $8,977 $354,300 $0 $0
2017 $8,604 $343,990 $0 $0
2016 $7,874 $333,980 $0 $0
2015 $7,668 $324,260 $0 $0
2014 $7,552 $314,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lee McKnight

    Seller's Agent in 2020

    Lee McKnight

    Cascade Hasson Sotheby's International Realty

    (503) 481-8974

    100 Total Sales

    Lee McKnight
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Jesse Manis

    Cascade Hasson Sotheby's International Realty

    (503) 789-5476

    38 Total Sales

    Jesse Manis
    Section Image
  • Jarrett Altman

    Buyer's Agent in 2020

    Jarrett Altman

    Neighborhood Works

    (503) 407-4200

    3 in this area

    116 Total Sales

    Jarrett Altman
    Section Image
  • Claire Paris

    Seller's Agent in 2018

    Claire Paris

    Paris Group Realty LLC

    (503) 998-4878

    3 in this area

    518 Total Sales

    Claire Paris
    Section Image

  • J

    Seller's Agent in 2015

    Jani Wright

    MORE Realty

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19080906

Regional Multiple Listing Service (RMLS)

APN: R287875

Oregon Multnomah County Portland 97214 Buckman

2508 SE Belmont St Unit 2512, Portland, OR

This home is located at 2508 SE Belmont St Unit 2512, Portland, OR 97214 since 15 February 2020 and is currently estimated at $1,143,628, approximately $231 per square foot. This property was built in 1910. 2508 SE Belmont St Unit 2512 is a home located in Multnomah County with nearby schools including Sunnyside Environmental School, Franklin High School, and Le Monde French Immersion Public Charter School.

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