$320,000
SOLD APR 21, 2025

4950 SE Franklin St Unit 2 Portland, OR 97206

Richmond Neighborhood
2 Beds
1 Bath
917 Sq Ft
$220/mo HOA Fee

Recently Sold

$349 Per Sq Ft

4% Below List Price

56 Days on Market

Highlights

  • Contemporary Architecture
  • Engineered Wood Flooring
  • Quartz Countertops
  • Creston Elementary School Rated 9+
  • High Ceiling
  • Covered Patio or Porch

About This Home

As of April 2025

Rare Richmond ground floor condo in a boutique contemporary building. This spacious and well-laid-out unit features soaring nine foot ceilings, a private covered patio, heating and cooling via efficient mini splits, fresh paint, an upgraded kitchen with quartz countertops and stainless steel appliances, and zero steps from the sidewalk to the unit. Enjoy views of mature plantings out of every window, and the personalized experience of living in a six unit building with a community feel. Explore this vibrant neighborhood with Clinton City Park and the Hinterland Food Carts both half a mile away, and tons of shops and restaurants nearby. Car-free life is possible here: walk score of 93, bike score of 100, transit score of 54.

Last Agent to Sell the Property

Kim Parmon

Living Room Realty License #201215094 Listed on: 01/23/2025

Living Room Realty

Last Buyer's Agent

Shannon Sansoterra

Think Real Estate License #200706212

Think Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,284

Year Built

  • Built in 2016

HOA Fees

  • $220 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Composition Roof
  • Cement Siding

Interior Spaces

  • 917 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Dining Room
  • First Floor Utility Room

Kitchen

  • Free-Standing Gas Range
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • ENERGY STAR Qualified Appliances
  • Quartz Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Engineered Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Built-In Bathroom Cabinets

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • No Garage
  • On-Street Parking

Accessible Home Design

  • Accessible Hallway
  • Accessibility Features
  • Accessible Doors
  • Level Entry For Accessibility
  • Accessible Entrance
  • Accessible Pathway

Schools

  • Creston Elementary School
  • Hosford Middle School
  • Franklin High School

Utilities

  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Electric Water Heater
  • Municipal Trash
  • High Speed Internet

Additional Features

  • Covered Patio or Porch
  • Sprinkler System
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number R673580

Community Details

Overview

  • 6 Units
  • Terrace At Richmond Condominiu Association, Phone Number (720) 253-2618
  • Richmond Subdivision
  • On-Site Maintenance

Amenities

  • Community Deck or Porch

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,284

Year Built

Built in 2016

Lot Details

0

HOA Fees

$220 per month

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Accessibility: Yes
  • Stories: 1
  • Year Built: 2016
  • Property Condition: Resale
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • New Construction: No
  • Property Attached Yn: No
  • CondominiumConciergeYN: No
  • CondominiumDeckAvailYN: Yes
  • CondominiumElevatorYN: No
  • CondominiumStorageAvailYN: No
  • CondominiumUnitsInComplex: 6
  • CondominiumWasherDryer: IncludedInUnit
  • CondominiumYardYN: No
  • Open House: No
  • Room 11 Features: Dishwasher,KitchenDiningRoomCombo,Microwave
  • Room 12 Features: ExteriorEntry,LivingRoomDiningRoomCombo
  • CondominiumTotalLevels: 3
  • Unit Floor Number: 1
  • Special Features: VirtualTour

Interior Features

  • Accessibility Features: AccessibleDoors, AccessibleEntrance, AccessibleHallway, BathroomCabinets, BuiltinLighting, GroundLevel, MainFloorBedroomBath, OneLevel, Pathway, UtilityRoomOnMain
  • Total Bathrooms: 1.0
  • Interior Amenities: EngineeredHardwood, HighCeilings, Laundry, Sprinkler, WalltoWallCarpet, WasherDryer
  • Basement: None
  • Window Features: DoublePaneWindows, VinylFrames
  • Appliances: Dishwasher, Disposal, ENERGYSTARQualifiedAppliances, FreeStandingGasRange, FreeStandingRange, FreeStandingRefrigerator, Microwave, Quartz, StainlessSteelAppliance, Tile
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 3
  • Main Level Full Bathrooms: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 0.0
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: CementSiding
  • Exterior Features: CoveredPatio
  • Foundation Details: Slab
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No
  • CondominiumGarageType: None
  • CondominiumParkingTandemYN: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Security: Unknown
  • Cooling: MiniSplit
  • Cooling Y N: Yes
  • Heating: MiniSplit
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Unit Location: GroundFloor
  • Association Amenities: ExteriorMaintenance, Insurance, Trash, Water
  • Senior Community: No
  • Association Fee: 220.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • CondominiumAssociationContact: Erica Nikolaidis
  • CondominiumAssociationEmail: enikolaidis@gmail.com
  • CondominiumAssociationName: TERRACE AT RICHMOND CONDOMINIU
  • CondominiumAssociationPhone: 720-253-2618
  • CondominiumAssociationURLYN: Yes

Schools

  • Elementary School: Creston
  • High School: Franklin
  • Middle Or Junior School: Hosford

Lot Info

  • Farm: No
  • Zoning: CM2
  • Land Lease: No
  • Parcel #: R673580

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5284.21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2025
Closed on
Apr 2, 2025
Sold by
Balch David L
Bought by
Eric Leonard Schweitzer And Marian Susan Conc and Schweitzer
Seller's Agent
Kim Parmon
Living Room Realty
Buyer's Agent
Shannon Sansoterra
Think Real Estate
List Price
$335,000
Sold Price
$320,000
Premium/Discount to List
-$15,000
-4.48%
Views
48
Current Estimated Value
$323,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,199
Avg. Annual Appreciation
2.14%

Purchase Details

Closed on
Dec 1, 2020
Sold by
Balch David
Bought by
Balch David and Balch Christina

Purchase Details

Closed on
Aug 15, 2016
Sold by
Urban Development Group Llc
Bought by
Balch David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,500
Interest Rate
3.48%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Personal Reps Deed $320,000 First American Title
Deed $335,000 None Listed On Document
Warranty Deed $335,000 Lawyers
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $301,500 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2025 04/21/25 Sold $320,000 -1.5% $349 / Sq Ft
03/20/2025 03/20/25 Pending -- -- --
02/04/2025 02/04/25 Price Changed $325,000 -3.0% $354 / Sq Ft
01/23/2025 01/23/25 For Sale $335,000 -- $365 / 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 $5,284 $197,500 -- $197,500
2023 $5,284 $191,750 $0 $191,750
2022 $4,971 $186,170 $0 $0
2021 $4,887 $180,750 $0 $0
2020 $4,483 $175,490 $0 $0
2019 $4,318 $170,380 $0 $0
2018 $4,191 $165,420 $0 $0
2017 $4,017 $0 $0 $0
2016 $4,001 $169,680 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 608044683

Regional Multiple Listing Service (RMLS)

APN: R673580