NOT LISTED FOR SALE

5012 NE 26th Ave Unit 5014 Portland, OR 97211

Concordia Neighborhood

Estimated Value: $473,000 - $642,000

4 Beds
2 Baths
1,664 Sq Ft
$359/Sq Ft Est. Value

Last Sold February 07, 2020

Last sale price $513,800 $309 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,519/month

5 Days on Market

About This Home

As of February 2020

New roof in Nov. 2019. Nice 2 bedroom 1 bathroom units with patios and alley access to parking in the back. Excellent location and development potential with CM2 zoning. Rent is currently at $1400/month.

Last Agent to Sell the Property

Scott Crowe

Sierra Cascades Real Estate License #971000058 Listed on: 01/09/2020

Last Buyer's Agent

Edward Petrossian

RE/MAX Equity Group License #891100084

RE/MAX Equity Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,486

Year Built

  • Built in 1979

Lot Details

  • 4,966

Parking

  • Paved Parking

Kitchen

  • Range
  • Dishwasher

Additional Features

  • Crawl Space
  • Level Lot
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,486

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1664
  • Year Built: 1979
  • Remarks Public: New roof in Nov. 2019. Nice 2 bedroom 1 bathroom units with patios and alley access to parking in the back. Excellent location and development potential with CM2 zoning. Rent is currently at $1400/month.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: INA PK, BLOCK 13, LOT 8 EXC PT IN ST
  • Basement: Crawl Space

Exterior Features

  • Lot Size: 3,000 to 4,999 SqFt
  • Roof Type: Composition
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Unit Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup

Schools

  • Middle School: Vernon

Lot Info

  • Lot Description: Level
  • Zoning: CM2
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Amount: 3245.55
  • Assessor Parcel Number: R186564
  • Tax Year: 2018

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.48

MLS Schools

  • Middle School: Vernon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2023
Sold by
Mims John W
Bought by
5012 Ne 26Th Ave Llc
Total Days on Market
5
Current Estimated Value
$596,824

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,444,000
Outstanding Balance
$1,422,525
Interest Rate
7.8%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$858,282

Purchase Details

Listed on
Jan 9, 2020
Closed on
Feb 5, 2020
Sold by
Penfield Samuel
Bought by
Mims John W
Seller's Agent
Scott Crowe
Sierra Cascades Real Estate
Buyer's Agent
Edward Petrossian
RE/MAX Equity Group
List Price
$520,000
Sold Price
$513,800
Premium/Discount to List
-$6,200
-1.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.75%

Purchase Details

Closed on
Jul 6, 1998
Sold by
Ratzlaf Walter
Bought by
Penfield Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,300
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 1997
Sold by
Chapman Elaine
Bought by
Ratzlaf Walter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 1997
Sold by
Ratzlaf Walter
Bought by
Chapman Dennis and Chapman Elaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.96%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
5012 Ne 26Th Ave Llc -- First American Title
Mims John W $513,800 Chicago Title Company Of Or
Penfield Samuel $109,215 Pacific Nw Title
Ratzlaf Walter $90,000 Stewart Title Company
Chapman Dennis $34,150 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 5012 Ne 26Th Ave Llc $1,444,000
Previous Owner Penfield Samuel $76,300
Previous Owner Ratzlaf Walter $72,000
Closed Ratzlaf Walter $9,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2020 02/07/20 Sold $513,800 -1.2% $309 / Sq Ft
01/14/2020 01/14/20 Pending -- -- --
01/09/2020 01/09/20 For Sale $520,000 -- $313 / 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 $2,486 $148,460 $0 $0
2022 $3,849 $144,140 $0 $0
2021 $3,784 $139,950 $0 $0
2020 $3,471 $135,880 $0 $0
2019 $3,344 $131,930 $0 $0
2018 $3,246 $128,090 $0 $0
2017 $3,111 $124,360 $0 $0
2016 $2,847 $120,740 $0 $0
2015 $2,772 $117,230 $0 $0
2014 $2,730 $113,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Scott Crowe

    Seller's Agent in 2020

    Scott Crowe

    Sierra Cascades Real Estate

    (503) 754-8022

    46 Total Sales

    Scott Crowe
    Section Image
  • Edward Petrossian

    Buyer's Agent in 2020

    Edward Petrossian

    RE/MAX

    (503) 319-9210

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20605231

Regional Multiple Listing Service (RMLS)

APN: R186564

Oregon Multnomah County Portland 97211 Concordia

5012 NE 26th Ave Unit 5014, Portland, OR

This home is located at 5012 NE 26th Ave Unit 5014, Portland, OR 97211 since 09 January 2020 and is currently estimated at $596,824, approximately $358 per square foot. This property was built in 1979. 5012 NE 26th Ave Unit 5014 is a home located in Multnomah County with nearby schools including Vernon Elementary School, Jefferson High School, and Leodis V. McDaniel High School.

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