NOT LISTED FOR SALE

5017 SE Clay St Unit 5021 Portland, OR 97215

Mt Tabor Neighborhood

Estimated Value: $735,000 - $947,000

6 Beds
3 Baths
2,419 Sq Ft
$353/Sq Ft Est. Value

Last Sold November 12, 2019

Last sale price $720,000 $298 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,516/month

38 Days on Market

About This Home

As of November 2019

High demand triplex. High demand location. Endless local amenities at your fingertips which lend to the quintessential SEPortland lifestyle. Mt. Tabor Park, New Seasons Market, Albina Coffee, Tabor Bread, Apizza Scholls, Por Que No and more. High-density R1 zoning may have future potential. 2 bed/1ba units have a solid history of occupancy and low turnover. 3 parkingspaces. Great future investment.

Last Agent to Sell the Property

Eric Hagstette

Inhabit Real Estate License #200409215 Listed on: 09/06/2019

Last Buyer's Agent

Laren Leland

Oregon First License #201209990

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,621

Year Built

  • Built in 1978

Lot Details

  • 5,009

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Plywood Siding Panel T1-11

Interior Spaces

  • 2-Story Property
  • Crawl Space
  • Range
  • Washer and Dryer

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,621

Year Built

Built in 1978

Lot Details

0

Parking

3

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2419
  • Stories: 2
  • Year Built: 1978
  • Property Condition: Existing
  • Remarks Public: High demand triplex. High demand location. Endless local amenities at your fingertips which lend to the quintessential SEPortland lifestyle. Mt. Tabor Park, New Seasons Market, Albina Coffee, Tabor Bread, Apizza Scholls, Por Que No and more. High-density R1 zoning may have future potential. 2 bed/1ba units have a solid history of occupancy and low turnover. 3 parkingspaces. Great future investment.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: HAWTHORNE PL, BLOCK 1, LOT 5
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Brick, T-111 Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition
  • Foundation Details: Slab

Garage/Parking

  • Garage Or Parking Spaces: 3
  • Parking Description: Paved

Utilities

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

Condo/Co-op/Association

  • Unit Features: Range, Refrigerator, Washer/Dryer

Schools

  • Elementary School: Glencoe
  • Middle School: Mt Tabor
  • High School: Franklin

Lot Info

  • Lot Description: Level
  • Zoning: R1

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 7110.93
  • Assessor Parcel Number: R177074
  • Tax Year: 2018

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 14.86

MLS Schools

  • Elementary School: Glencoe
  • High School: Franklin
  • Middle School: Mt Tabor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2019
Closed on
Nov 8, 2019
Sold by
Melkerson Steven T and Melkerson Ceanne M
Bought by
Leland Family Properties Llc Iii
Seller's Agent
Eric Hagstette
Inhabit Real Estate
Buyer's Agent
Laren Leland
Oregon First
List Price
$795,000
Sold Price
$720,000
Premium/Discount to List
-$75,000
-9.43%
Total Days on Market
38
Current Estimated Value
$854,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,847
Avg. Annual Appreciation
3.10%

Purchase Details

Listed on
Dec 19, 2016
Closed on
Apr 13, 2017
Sold by
Bacigalupi Matthew T
Bought by
Melkerson Steven T and Melkerson Ceanne M
Seller's Agent
Erin Livengood
Where Real Estate Collaborative
Buyer's Agent
Eric Hagstette
Inhabit Real Estate
List Price
$749,000
Sold Price
$800,000
Premium/Discount to List
$51,000
6.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.05%
Original Mortgage
$600,000
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2007
Sold by
Kicking Rocks Llc
Bought by
Bacigalupi Matthew T and Bacigalupi Carrie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,200
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2006
Sold by
Bacigalupi Matthew T and Bacigalupi Carrie E
Bought by
Kicking Rocks Llc

Purchase Details

Closed on
Jul 21, 2004
Sold by
Mackay Patricia A
Bought by
Bacigalupi Matthew T and Bacigalupi Carrie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,320
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 18, 2001
Sold by
Jensen Anna M
Bought by
Mackay Patricia A and Patricia A Mackay Trust

Purchase Details

Closed on
Apr 29, 1999
Sold by
Layton Carole V
Bought by
Jensen Anna M and Mackay Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
3.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 13, 1996
Sold by
Upchurch Virginia Carole
Bought by
Layton Carole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,500
Interest Rate
7.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 1996
Sold by
Upchurch Terry M
Bought by
Upchurch Virginia Carole
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
Leland Family Properties Llc Iii $720,000 Chicago Title Company Of Or
Melkerson Steven T $800,000 Wfg Title
Bacigalupi Matthew T -- Lawyers Title Ins
Kicking Rocks Llc -- None Available
Bacigalupi Matthew T $292,900 Fidelity Natl Title Co Of Or
Mackay Patricia A -- --
Jensen Anna M $245,000 First American Title Ins Co
Layton Carole -- First American Title Ins Co
Upchurch Virginia Carole -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Melkerson Steven T $600,000
Previous Owner Bacigalupi Matthew T $321,000
Previous Owner Bacigalupi Matthew T $333,200
Previous Owner Bacigalupi Matthew T $234,320
Previous Owner Jensen Anna M $196,000
Previous Owner Layton Carole $89,500
Closed Bacigalupi Matthew T $43,935
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2019 11/12/19 Sold $720,000 -3.9% $298 / Sq Ft
10/14/2019 10/14/19 Pending -- -- --
09/27/2019 09/27/19 Price Changed $749,000 -5.8% $310 / Sq Ft
09/06/2019 09/06/19 For Sale $795,000 -0.6% $329 / Sq Ft
04/24/2017 04/24/17 Sold $800,000 +6.8% $331 / Sq Ft
12/21/2016 12/21/16 Pending -- -- --
12/19/2016 12/19/16 For Sale $749,000 -- $310 / 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 $8,621 $325,320 $0 $0
2022 $8,434 $315,850 $0 $0
2021 $8,291 $306,660 $0 $0
2020 $7,606 $297,730 $0 $0
2019 $7,326 $289,060 $0 $0
2018 $7,111 $280,643 $0 $0
2017 $6,474 $258,810 $0 $0
2016 $5,925 $251,280 $0 $0
2015 $5,769 $243,970 $0 $0
2014 $5,682 $236,870 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19060772

Regional Multiple Listing Service (RMLS)

APN: R177074