NOT LISTED FOR SALE

Estimated Value: $560,000 - $667,255

-- Bed
1 Bath
1,579 Sq Ft
$403/Sq Ft Est. Value

Last Sold August 15, 2024

Last sale price $650,000 $412 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,822/month

124 Days on Market

Highlights

  • New Construction
  • Cooling Available
  • Heat Pump System
  • View of Trees or Woods
  • Level Lot

About This Home

As of August 2024

Experience the best of urban living where modern luxury meets unbeatable convenience in the close in Concordia/Alberta neighborhood! This stunning new construction home with an attached ADU offers the perfect blend of style, functionality, and location. The main house features 2 bedrooms and 2.5 bathrooms, thoughtfully designed with contemporary finishes and attention to detail. The kitchen is a chef's dream, boasting warm custom cabinetry and additional storage space under the eat bar. Large windows throughout flood the space with natural light, creating an inviting atmosphere to relax and entertain. Coveted AC ensures year-round comfort, while the modern design adds a touch of elegance to every room. The attached ADU offers additional flexibility, with 1 bedroom and 1 bathroom providing space for guests, a rental opportunity, or a home office. Bask in the sunshine on the deck, overlooking the fenced yard, perfect for outdoor gatherings and enjoying Portland's beautiful weather. Boasting a phenomenal 89 WalkScore + 99 Bike Score, this location puts you just 0.3mi to Alberta Arts District, 0.04 mi to New Seasons Market, 0.1 mi to restaurants + coffee! Bolster your investment portfolio or supplement you mortgage while you live in one unit and rent the other! Enjoy a 1-year builder warranty from a local boutique builder!

Last Agent to Sell the Property

Darryl Bodle

Keller Williams Realty Portland Premiere License #199910100 Listed on: 04/10/2024

Keller Williams Realty Portland Premiere

Co-Listed By

Kelly Christian

Keller Williams Realty Portland Premiere License #201231606

Last Buyer's Agent

David Cuevas

John L. Scott Portland Central License #201224036

John L. Scott Portland Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,063

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 2,178 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,579 Sq Ft Home
  • 2-Story Property
  • Views of Woods
  • Crawl Space

Schools

  • Vernon Elementary And Middle School
  • Jefferson High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Mini Split Heat Pump
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R713151

Community Details

Overview

  • 2 Units
  • Concordia Subdivision

Building Details

  • Operating Expense $13,208
  • Gross Income $45,660
  • Net Operating Income $32,452

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,063

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2024
  • Property Condition: NewConstruction
  • Property Attached Yn: No
  • Open House: No
  • Special Features: 4098
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt0Kto2999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 0K to 2,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition
  • View: TreesWoods

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: HeatPump
  • Cooling Y N: Yes
  • Heating: MiniSplit
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Vernon
  • High School: Jefferson
  • Middle Or Junior School: Vernon

Lot Info

  • Zoning: R2.5
  • Lot Size Acres: 0.05
  • Lot Size Sq Ft: 2178.0
  • Parcel #: R713151

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 1063.13

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.45
  • Annual Gross Income: 45660.0
  • Property Net Operating Income: 32452.0
  • Annual Operating Expense: 13208.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
Aug 13, 2024
Sold by
Dez Development Llc
Bought by
Arain Muneeb
Seller's Agent
Darryl Bodle
Keller Williams Realty Portland Premiere
Buyer's Agent
David Cuevas
John L. Scott Portland Central
List Price
$659,900
Sold Price
$650,000
Premium/Discount to List
-$9,900
-1.5%
Views
61
Current Estimated Value
$635,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,436
Avg. Annual Appreciation
-2.22%
Original Mortgage
$520,000
Outstanding Balance
$515,125
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$120,439

Purchase Details

Listed on
Jul 14, 2023
Closed on
Sep 26, 2023
Sold by
Whitt John J and Conway Tracy A
Bought by
Dez Development Llc
Seller's Agent
Brook Hogan
HomeSmart Realty Group
Buyer's Agent
Darryl Bodle
Keller Williams Realty Portland Premiere
List Price
$200,000
Sold Price
$170,000
Premium/Discount to List
-$30,000
-15%
Views
53

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
359.08%
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
Arain Muneeb $650,000 Fidelity National Title
Dez Development Llc $170,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arain Muneeb $520,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2024 08/15/24 Sold $650,000 -1.5% $412 / Sq Ft
08/14/2024 08/14/24 Pending -- -- --
08/09/2024 08/09/24 For Sale $659,900 0.0% $418 / Sq Ft
07/21/2024 07/21/24 Pending -- -- --
06/28/2024 06/28/24 Price Changed $659,900 -2.9% $418 / Sq Ft
05/28/2024 05/28/24 Price Changed $679,900 -2.9% $431 / Sq Ft
05/15/2024 05/15/24 Price Changed $699,900 -5.4% $443 / Sq Ft
05/02/2024 05/02/24 Price Changed $739,900 -1.3% $469 / Sq Ft
04/11/2024 04/11/24 For Sale $749,900 +341.1% $475 / Sq Ft
09/29/2023 09/29/23 Sold $170,000 -8.1% --
08/29/2023 08/29/23 Price Changed $185,000 -7.5% --
07/14/2023 07/14/23 For Sale $200,000 -- --
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 $4,310 $40,120 $40,120 $0
2022 $1,040 $38,960 $0 $0
2021 $1,040 -- -- --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24336142

Regional Multiple Listing Service (RMLS)

APN: R713151