NOT LISTED FOR SALE

5040 NE 8th Ave Portland, OR 97211

King Neighborhood

Estimated Value: $884,435

0.14 Acre
$6,317,393 Price per Acre
6,098 Sq Ft Lot

Last Sold May 29, 2015

Last sale price $385,000 $152 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $5,778/month

18 Days on Market

Highlights

  • No HOA
  • No Heating
  • 4-minute walk to King School Park

About This Lot

As of May 2015

Bring your builder/developer! Land Zoned R1 in Hot Alberta area. Property Sold "As-Is". Seller to have 30 days of free rent-back after closing. Home is of little or no value. Seller reserves the right to retain the manufactured home for $1.00, payable at closing. Showing of the home only after an accepted offer.

Last Agent to Sell the Property

Christopher Lancefield

Lancefield Realty Brokerage Email: chrislancefield@gmail.com License #961200057 Listed on: 03/15/2015

Last Buyer's Agent

Christopher Lancefield

Lancefield Realty Brokerage Email: chrislancefield@gmail.com License #961200057 Listed on: 03/15/2015

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,974

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 60 x 100
  • Property is zoned R1

Schools

  • King Elementary School
  • Grant High School

Mobile Home

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R261178

Property Details

Property Type

Land

Est. Annual Taxes

$2,974

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Land
  • Property Sub Type: SingleFamilyResidence
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None

Interior Features

  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Disclosures: Disclosure
  • Other Structures: MobileHome

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling Y N: No
  • Heating Yn: No

Association/Amenities

  • Existing Structures: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: King
  • High School: Grant

Lot Info

  • Zoning: R1
  • Present Use: Residential
  • Land Description: GentleSloping,Level
  • Lot Size Acres: 0.14
  • Lot Size: 60 X 100
  • Lot Size Sq Ft: 6098.0
  • Parcel #: R261178

Green Features

  • Green Certification: No

Rental Info

  • Availability: Sale

Tax Info

  • Tax Annual Amount: 2974.1

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

Mortgage History

Date Status Borrower Loan Amount
Closed Portland Development Group Investments L $98,176
Closed Portland Development Group Investments L $930,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2015 05/29/15 Sold $385,000 -7.2% $152 / Sq Ft
04/02/2015 04/02/15 Pending -- -- --
03/15/2015 03/15/15 For Sale $415,000 -- $164 / 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 $11,222 $423,500 $0 $0
2022 $10,979 $411,170 $0 $0
2021 $10,793 $399,200 $0 $0
2020 $9,902 $387,580 $0 $0
2019 $9,538 $376,300 $0 $0
2018 $9,257 $365,340 $0 $0
2017 $8,872 $266,910 $0 $0
2016 $6,110 $259,140 $0 $0
2015 $1,131 $47,830 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Christopher Lancefield

    Seller's Agent in 2015

    Christopher Lancefield

    Lancefield Realty

    (503) 807-6642

    28 Total Sales

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 15637643

Regional Multiple Listing Service (RMLS)

APN: R672158

Oregon Multnomah County Portland 97211 King

5040 NE 8th Ave, Portland, OR

This home is located at 5040 NE 8th Ave, Portland, OR 97211 since 15 March 2015 and is currently priced at $884,435, approximately $349 per square foot. 5040 NE 8th Ave is a home located in Multnomah County with nearby schools including Martin Luther King Jr. School, Harriet Tubman Middle School, and Jefferson High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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