$580,000
SOLD FEB 15, 2019

3425 N Michigan Ave Unit 3427 Portland, OR 97227

Boise Neighborhood
-- Bed
-- Bath
3,086 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$188 Per Sq Ft

11% Below List Price

140 Days on Market

Highlights

  • Corner Lot
  • Zoned Heating
  • Wood Siding

About This Home

As of February 2019

Great duplex opportunity one block from the heart of all the fun on Mississippi Ave. Stacked units - each 2 bedrooms, one bathroom. Brazilian Cherry hardwood floors in main level unit. Roof replacement & chimney rebuild in 2017. Oil tank decommissioned & sewer line replaced in Oct. 2018. Cosmetic fixer - priced to move quickly. Tax Lot R139449 included in sale. Both lots zoned R2.

Last Agent to Sell the Property

Rambo Halpern

Premiere Property Group, LLC License #200310218 Listed on: 08/16/2018

Co-Listed By

Eric Rafferty

Realty One Group Willamette Valley License #201211277

Last Buyer's Agent

Melissa Dorman

Living Room Realty License #201222278

Living Room Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,469

Year Built

  • Built in 1914

Lot Details

  • Corner Lot
  • Level Lot

Home Design

  • Converted Dwelling
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3-Story Property

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Schools

  • Boise-Eliot Elementary And Middle School
  • Jefferson High School

Utilities

  • No Cooling
  • Zoned Heating
  • Gas Water Heater

Community Details

  • 2 Units
  • Mississippi Subdivision

Listing and Financial Details

  • Assessor Parcel Number R139450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,469

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1914
  • Property Condition: Converted
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement, Unfinished
  • Storage: Basement
  • High School2: Jefferson
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: No
  • Lot Features: CornerLot, Level
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Gas
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Boise-Eliot
  • High School: Grant
  • Middle Or Junior School: Boise-Eliot

Lot Info

  • Zoning: R2
  • Parcel #: R139450
  • Assessor Parcel Number 2: R139449

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2017
  • Tax Annual Amount: 1468.98

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2020
Sold by
Mcatee Timothy A
Bought by
Mcatee Timothy A and Mcatee Alfred E
Current Estimated Value
$792,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 31, 2018
Closed on
Jan 18, 2019
Sold by
Berger Eric and Berger Lori R
Bought by
Mcatee Timothy A
Seller's Agent
Rambo Halpern
Premiere Property Group, LLC
Buyer's Agent
Melissa Dorman
Living Room Realty
List Price
$649,900
Sold Price
$580,000
Premium/Discount to List
-$69,900
-10.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.53%
Original Mortgage
$493,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 1999
Sold by
Atiemo Fred A
Bought by
Berger Eric and Berger Lori R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,981
Interest Rate
6.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 18, 1995
Sold by
Jackson Helen Marie
Bought by
Atiemo Fred A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
7.59%
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
Interfamily Deed Transfer -- Lawyers
Warranty Deed $580,000 First American Title
Warranty Deed $155,000 Fidelity National Title Co
Warranty Deed $85,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $575,250 New Conventional
Closed $492,500 New Conventional
Closed $493,000 New Conventional
Previous Owner $27,000 Stand Alone Second
Previous Owner $150,600 Unknown
Previous Owner $152,981 FHA
Previous Owner $76,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2019 02/15/19 Sold $580,000 0.0% $188 / Sq Ft
02/15/2019 02/15/19 Sold $580,000 -10.8% $188 / Sq Ft
01/18/2019 01/18/19 Pending -- -- --
01/18/2019 01/18/19 Pending -- -- --
08/31/2018 08/31/18 For Sale $649,900 0.0% $211 / Sq Ft
08/31/2018 08/31/18 For Sale $649,900 -- $211 / 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 $2,615 $97,740 -- --
2023 $2,615 $94,900 $0 $0
2022 $2,460 $92,140 $0 $0
2021 $2,419 $89,465 $0 $0
2020 $1,639 $64,160 $0 $0
2019 $1,579 $62,300 $0 $0
2018 $1,533 $60,490 $0 $0
2017 $1,469 $58,730 $0 $0
2016 $1,344 $57,020 $0 $0
2015 $1,309 $55,360 $0 $0
2014 $1,289 $53,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rambo Halpern

    Seller's Agent in 2019

    Rambo Halpern

    Premiere Property Group, LLC

    (503) 473-4127

    5 in this area

    57 Total Sales

    Rambo Halpern
    Section Image
  • Eric Rafferty

    Seller Co-Listing Agent in 2019

    Eric Rafferty

    Realty One Group Willamette Valley

    (503) 890-1347

    18 Total Sales

    Eric Rafferty
    Section Image
  • Melissa Dorman

    Buyer's Agent in 2019

    Melissa Dorman

    Living Room Realty

    (562) 355-8593

    3 in this area

    210 Total Sales

    Melissa Dorman
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18223910

Regional Multiple Listing Service (RMLS)

APN: R139450

Oregon Multnomah County Portland 97227 Boise

3425 N Michigan Ave Unit 3427, Portland, OR

This home is located at 3425 N Michigan Ave Unit 3427, Portland, OR 97227 and is currently priced at $580,000, approximately $187 per square foot. This property was built in 1914. 3425 N Michigan Ave Unit 3427 is a home located in Multnomah County with nearby schools including Boise-Eliot Elementary School, Harriet Tubman Middle School, and Jefferson High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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