$1,155,000
SOLD JAN 23, 2025

3903 N Michigan Ave Portland, OR 97227

Boise Neighborhood
4 Beds
6 Baths
4,857 Sq Ft
5,009 Sq Ft Lot

Recently Sold

$238 Per Sq Ft

3% Below List Price

102 Days on Market

Highlights

  • 1 Fireplace
  • 1 Car Attached Garage
  • Living Room
  • No HOA
  • Oversized Parking
  • Forced Air Heating System

About This Home

As of January 2025

Amazing live- work or investor opportunity in the vibrant Mississippi Arts neighborhood. One-of-a-kind building features a spacious, light-filled artist studio, perfect for painters, sculptors, or any creative professional seeking an inspiring workspace. In addition to the artist studio warehouse and several rooms off of it, the building includes two apartments. Currently, the smaller of the two living units is rented with the warehouse/studio spaces.

Last Agent to Sell the Property

Katherine Williams

Rose City Realty Group License #200411153 Listed on: 09/05/2024

Co-Listed By

Cody Williams

Rose City Realty Group License #201203043

Last Buyer's Agent

Camille Bernal

Our House Property Group, Inc License #201207596

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,253

Year Built

  • Built in 1924

Lot Details

  • Property is zoned R2A

Parking

  • 1 Car Attached Garage
  • Oversized Parking
  • Extra Deep Garage

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • 4,857 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Boise-Eliot Elementary School
  • Harriet Tubman Middle School
  • Jefferson High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Mississippi Arts Subdivision

Listing and Financial Details

  • Assessor Parcel Number R223644

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,253

Year Built

Built in 1924

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 3
  • Year Built: 1924
  • Property Condition: Resale
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Other
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None

Interior Features

  • Total Bathrooms: 3.3
  • Fireplaces: 1
  • Basement: FullBasement, PartiallyFinished
  • Full Bathrooms: 3
  • Half Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Main Level Full Bathrooms: 1
  • BathroomsFullUpperLevel: 2
  • BathroomsPartialLowerLevel: 1
  • BathroomsPartialMainLevel: 2
  • BathroomsTotalLowerLevel: 0.1
  • BathroomsTotalMainLevel: 1.2
  • BathroomsTotalUpperLevel: 2.0
  • High School2: Jefferson
  • Lot Size Range: SqFt5000to6999
  • Room 7 Description: _2ndBedroom
  • Room 8 Description: _3rdBedroom
  • Room 9 Description: DiningRoom

Exterior Features

  • Exterior Description: Block
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition

Garage/Parking

  • Garage Type: Attached,ExtraDeep,Oversized
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Farm: No
  • Zoning: R2A
  • Land Lease: No
  • Parcel #: R223644

Green Features

  • Green Certification: No

Rental Info

  • Rent Amount: 6700

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 5253.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2016
Closed on
Mar 24, 2016
Sold by
Boldt Michael
Bought by
Paine Eric
Seller's Agent
Julie Broderick
Vintage Real Estate
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$1,050,000
Sold Price
$855,000
Premium/Discount to List
-$195,000
-18.57%
Current Estimated Value
$1,168,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,823
Avg. Annual Appreciation
3.27%
Original Mortgage
$10,000,000
Interest Rate
3.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 13, 1999
Sold by
Russell Diannia
Bought by
Bailey Sandra J
Source: Public Records

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Range of Values:

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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 $800,000 Wfg Title
Personal Reps Deed $70,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $760,000 Adjustable Rate Mortgage/ARM
Closed $10,000,000 Commercial
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2025 01/23/25 Sold $1,155,000 -3.3% $238 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
09/25/2024 09/25/24 For Sale $1,195,000 0.0% $246 / Sq Ft
09/24/2024 09/24/24 Pending -- -- --
09/05/2024 09/05/24 For Sale $1,195,000 +39.8% $246 / Sq Ft
03/25/2016 03/25/16 Sold $855,000 -18.6% $132 / Sq Ft
02/08/2016 02/08/16 Pending -- -- --
01/04/2016 01/04/16 For Sale $1,050,000 -- $163 / 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
2023 $5,253 $198,240 $0 $0
2022 $5,139 $192,470 $0 $0
2021 $5,052 $186,870 $0 $0
2020 $4,635 $181,430 $0 $0
2019 $4,465 $176,150 $0 $0
2018 $4,333 $171,020 $0 $0
2017 $4,153 $166,040 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24621749

Regional Multiple Listing Service (RMLS)

APN: R223644