$591,000
SOLD SEP 7, 2023
0.11 Acre
$5,372,727 Price per Acre
4,791 Sq Ft Lot

Recently Sold

3% Above List Price

Highlights

  • City View
  • No HOA
  • No Heating
  • West Sylvan Middle School Rated A-
  • Level Lot
  • 4-minute walk to Wallace Park

About This Lot

As of September 2023

Flat Lot in NW Portland with stunning views & development potential. Welcome to this exceptional property in the highly sought-after NW Portland neighborhood. Situated in close proximity to Forest Park, this prime location offers breathtaking sunsets, panoramic views of the Montgomery Park, Fremont bridge & the charming Chapman Swift in the Portland downtown cityscape. This property presents an incredible opportunity for development. With the potential to be transformed into 2 units, this is your chance to create a space perfectly suited to your needs. The zoning allows for flexibility & creativity in designing your dream home or income-generating investment. Architectural drawings specifically tailored for this property are included in the sale, ensuring a smooth & efficient development process. Additionally, permits have been secured and are ready for pick up at the city, making the transition from vision to reality even more seamless. Beyond the incredible investment potential, this lot boasts an enviable location within the NW Alphabet District. Enjoy the convenience of local shops, restaurants & amenities just moments from your doorstep. Delight in the vibrant and eclectic energy of this cherished neighborhood, known for its unique charm and community atmosphere. Nature enthusiasts will relish in the proximity to Forest Park's renowned hiking trails. Explore the lush greenery & embrace the tranquil beauty of nature right outside your future home's doorstep. With limited flat lots available in the area, this property presents a remarkable opportunity to attract builders, developers & future homeowners looking to craft their ideal haven amidst the stunning natural surroundings. Don't miss out on this incredible lot in NW Portland. Unleash your creativity and embark on a rewarding development journey in a location that blends urban conveniences with tranquil natural beauty. Seize this rare opportunity before it's gone!

Last Agent to Sell the Property

Kristina Opsahl

Where, Inc License #200406170 Listed on: 08/25/2023

Last Buyer's Agent

Jessica Duncan

Premiere Property Group, LLC License #200908093

Premiere Property Group, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,916

Lot Details

  • 4,791 Sq Ft Lot
  • Level Lot
  • Property is zoned RM1

Property Views

  • City
  • Woods
  • Mountain

Schools

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R171639

Property Details

Property Type

Land

Est. Annual Taxes

$1,916

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Land
  • Property Sub Type: ResidentialRecreational
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour

Interior Features

  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Lot Size: 3,000 to 4,999 SqFt
  • View: Yes
  • Road Surface Type: Paved
  • View: City,Mountain,TreesWoods

Garage/Parking

  • Attached Garage: No

Utilities

  • Utilities: ElectricityAvailable, NaturalGasAvailable, SewerAvailable
  • Cooling Y N: No
  • Heating Yn: No

Association/Amenities

  • Existing Structures: No

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Zoning: RM1
  • Present Use: Residential
  • Land Description: Level
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4791.0
  • Parcel #: R171639

Green Features

  • Green Certification: No

Rental Info

  • Availability: Sale

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 1916.24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2025
Sold by
Timberridge Development Inc
Bought by
Risenberg Hanna Shoen

Purchase Details

Listed on
Aug 25, 2023
Closed on
Sep 6, 2023
Sold by
Frederick And Bettina Blank Family Trust
Bought by
Timberridge Development Inc
Seller's Agent
Kristina Opsahl
Where, Inc
Buyer's Agent
Jessica Duncan
Premiere Property Group, LLC
List Price
$575,000
Sold Price
$591,000
Premium/Discount to List
$16,000
2.78%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.56%
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 Type Sale Price Title Company
Warranty Deed $1,769,000 First American Title
Warranty Deed $591,000 Wfg Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,784,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 Price Changed $1,250,000 -3.5% $567 / Sq Ft
04/30/2025 04/30/25 Price Changed $1,295,000 -3.4% $588 / Sq Ft
04/08/2025 04/08/25 Price Changed $1,340,000 -0.7% $608 / Sq Ft
12/11/2024 12/11/24 For Sale $1,350,000 +128.4% $613 / Sq Ft
09/07/2023 09/07/23 Sold $591,000 +2.8% --
08/26/2023 08/26/23 Pending -- -- --
08/25/2023 08/25/23 For Sale $575,000 -- --
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 $2,037 $73,980 $73,980 $0
2022 $1,916 $71,830 $0 $0
2021 $1,884 $69,740 $0 $0
2020 $1,728 $67,710 $0 $0
2019 $1,665 $65,740 $0 $0
2018 $1,616 $63,830 $0 $0
2017 $1,549 $61,980 $0 $0
2016 $1,417 $60,180 $0 $0
2015 $1,380 $58,430 $0 $0
2014 $1,360 $56,730 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23491348

Regional Multiple Listing Service (RMLS)

APN: R171639