NOT LISTED FOR SALE

407 NE 79th Ave Unit 409 Portland, OR 97213

Montavilla Neighborhood

Estimated Value: $527,000 - $554,000

3 Beds
2 Baths
2,352 Sq Ft
$231/Sq Ft Est. Value

Last Sold December 29, 2020

Last sale price $501,500 $213 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,294/month

About This Home

As of December 2020

Old Portland home in the heart of Montavilla neighborhood! This converted home now features 2 finished rental units. Main floor apartment features a studio style room & 1 bathroom unit a& boasts ample natural lighting. Upper floor 2 bedroom, 1 bath unit resides in the used-to-be 2nd floor. Great opportunity in full finished basement for a third unit with new housing laws! Duplex features a large yard complete with a garden bed & two car garage for storage. This duplex has great rental history!

Last Agent to Sell the Property

Jordan Matin

Matin Real Estate License #200707018 Listed on: 10/01/2020

Co-Listed By

Andy Wilcox

Matin Real Estate License #201221996

Last Buyer's Agent

Winston Murray

Works Real Estate License #201206421

Works Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,006

Year Built

  • Built in 1907

Lot Details

  • Level Lot
  • Property is zoned R2.5

Parking

  • Detached Garage
  • Driveway

Home Design

  • Stucco Exterior
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Finished Basement

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,006

Year Built

Built in 1907

Lot Details

0

Parking

2

Listing Details

  • Status: Sold
  • Property Category: Residential
  • Property Type: Single Family Residence
  • Style: FourSquare
  • Sq Ft Calculated: 1568
  • Sq Ft Approximate Total: 2352
  • Stories: 2
  • Year Built: 1907
  • Property Condition: Resale
  • Remarks Public: Old Portland home in the heart of Montavilla neighborhood! This converted home now features 2 finished rental units. Main floor apartment features a studio style room & 1 bathroom unit a& boasts ample natural lighting. Upper floor 2 bedroom, 1 bath unit resides in the used-to-be 2nd floor. Great opportunity in full finished basement for a third unit with new housing laws! Duplex features a large yard complete with a garden bed & two car garage for storage. This duplex has great rental history!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Additional Room Features: Wall to Wall Carpet, Laminate Flooring
  • Additional Rooms: 2nd Kitchen, 2nd Master Bedroom
  • All Room Features: Ceiling Fan(s), Living Room/Dining Room Combo, Wall to Wall Carpet, Laminate Flooring, Wainscoting, Closet
  • Main Level Bathrooms: 1.0
  • Total Bathrooms: 2.0
  • Legal Description: MT TABOR VILLA ANX, BLOCK 13, LOT 7
  • Sq Ft Lower Level: 784
  • Sq Ft Main Level: 784
  • Upper Level Sq Ft: 784
  • Bedrooms: 3
  • Master Bedroom: Features: Wall to Wall Carpet, Closet,On Level: Main
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Upper
  • Full Bathrooms: 2
  • Basement: Finished
  • Dining Room: Features: Laminate Flooring,On Level: Main
  • Family Room: Features: Ceiling Fan(s), Living Room/Dining Room Combo, Wall to Wall Carpet,On Level: Upper
  • Living Room: Features: Laminate Flooring, Wainscoting,On Level: Main
  • Kitchen: Features: Laminate Flooring,On Level: Main
  • Additional Room 1: Description: 2nd Kitchen,Features: Laminate Flooring,On Level: Upper
  • Additional Room 2: Description: 2nd Master Bedroom,Features: Wall to Wall Carpet,On Level: Upper
  • Bathrooms Main Level Full: 1
  • Total Bathrooms: 2
  • Bathrooms Upper Level Full: 1

Exterior Features

  • Exterior Description: Stucco
  • Lot Size: 3K-4,999SF
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Garage Or Parking Spaces: 2
  • Garage Type: Detached
  • Parking Description: Driveway

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air

Schools

  • Elementary School: Vestal
  • Middle School: Roseway Heights
  • High School: Madison

Lot Info

  • Lot Description: Level
  • Acres: 0.09
  • Zoning: R2.5

Tax Info

  • Tax Amount: 4091.34
  • Assessor Parcel Number: R222544
  • Tax Year: 2019

MLS Schools

  • Elementary School: Vestal
  • High School: Madison
  • Middle School: Roseway Heights

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2020
Closed on
Dec 17, 2020
Sold by
Redshaw Jennifer Ann and Redshaw Nicholas David
Bought by
Gavelin Jeremy Nils
Seller's Agent
Jordan Matin
Matin Real Estate
Buyer's Agent
Winston Murray
Works Real Estate
List Price
$550,000
Sold Price
$501,500
Premium/Discount to List
-$48,500
-8.82%
Current Estimated Value
$542,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,130
Avg. Annual Appreciation
1.65%
Original Mortgage
$425,000
Outstanding Balance
$379,051
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$163,579

Purchase Details

Closed on
Nov 9, 2011
Sold by
Looker Jennifer
Bought by
Redshaw Jennifer Ann and Redshaw Nicholas David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,596
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 26, 2000
Sold by
Blakeslee George G
Bought by
Looker Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,704
Interest Rate
8.2%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Gavelin Jeremy Nils $501,500 Lawyers Title
Redshaw Jennifer Ann -- Fidelity Natl Title Co Of Or
Looker Jennifer $156,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gavelin Jeremy Nils $425,000
Previous Owner Redshaw Jennifer Ann $196,596
Previous Owner Looker Jennifer $154,704
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2020 12/29/20 Sold $501,500 -4.5% $213 / Sq Ft
11/12/2020 11/12/20 Pending -- -- --
10/16/2020 10/16/20 Price Changed $525,000 -4.5% $223 / Sq Ft
10/01/2020 10/01/20 For Sale $550,000 -- $234 / 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 $5,006 $187,100 -- --
2023 $5,006 $181,660 $0 $0
2022 $4,710 $176,370 $0 $0
2021 $4,630 $171,240 $0 $0
2020 $4,247 $166,260 $0 $0
2019 $4,091 $161,420 $0 $0
2018 $3,971 $156,720 $0 $0
2017 $3,806 $152,160 $0 $0
2016 $3,483 $147,730 $0 $0
2015 $3,392 $143,430 $0 $0
2014 $3,341 $139,260 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jordan Matin

    Seller's Agent in 2020

    Jordan Matin

    Matin Real Estate

    (503) 447-3599

    5 in this area

    836 Total Sales

    Jordan Matin
    Section Image

  • A

    Seller Co-Listing Agent in 2020

    Andy Wilcox

    Matin Real Estate

    (702) 561-6938

    1 in this area

    73 Total Sales

    Andy Wilcox
    Section Image
  • Winston Murray

    Buyer's Agent in 2020

    Winston Murray

    Works Real Estate

    (503) 714-7053

    14 in this area

    436 Total Sales

    Winston Murray
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20115656

Regional Multiple Listing Service (RMLS)

APN: R222544

Oregon Multnomah County Portland 97213 Montavilla

407 NE 79th Ave Unit 409, Portland, OR

This home is located at 407 NE 79th Ave Unit 409, Portland, OR 97213 since 01 October 2020 and is currently estimated at $542,630, approximately $230 per square foot. This property was built in 1907. 407 NE 79th Ave Unit 409 is a home located in Multnomah County with nearby schools including Vestal Elementary School, Leodis V. McDaniel High School, and Portland Arthur Academy.

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