$434,900
SOLD MAR 14, 2025

506 NE Lawrence Ave Portland, OR 97232

Kerns Neighborhood
2 Beds
2 Baths
1,136 Sq Ft
871 Sq Ft Lot

Recently Sold

$383 Per Sq Ft

12% Below List Price

39 Days on Market

Highlights

  • Vaulted Ceiling
  • Bamboo Flooring
  • Stainless Steel Appliances
  • Cleveland High School Rated A-
  • No HOA
  • 5-minute walk to Oregon Park

About This Home

As of March 2025

Live in the heart of one of Portland's most vibrant neighborhoods! This urban townhouse offers a unique blend of comfort, convenience, and opportunity. The bright, open living space is designed for modern living. Skylights flood the area with natural light, while a cozy gas fireplace and golden Bamboo floors add warmth and ambiance. The living room extends seamlessly to a private balcony, offering the perfect spot to relax or enjoy a morning coffee in the city’s dynamic atmosphere.This home is ideal for both personal living and professional use, thanks to its flexible zoning and thoughtful layout. The two well-separated master bedroom suites provide privacy and comfort, making the property suitable for roommates, guests, or a live/work setup. The lower-level suite includes access to a secluded back deck, creating a peaceful retreat amidst the urban buzz. Practical features abound, including ample storage space and private parking - the attached garage is an exciting find in this location! Additionally, the absence of HOA fees makes this an attractive option for homeowners and investors alike. Whether you're entertaining guests in the open-concept living area or enjoying a quiet evening on the deck, this townhouse offers a harmonious blend of style and functionality. Seller to provide an allowance for carpet and/or appliance replacement! This is a fantastic investment opportunity and a welcoming home in the heart of the city. Don't miss the chance to experience the best of Portland right outside your door with some of the city’s finest restaurants, lively entertainment, and cultural attractions within blocks. This home embodies the ultimate urban lifestyle! You will love living here! [Home Energy Score = 8. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10235128]

Last Agent to Sell the Property

Tom Cotter

Think Real Estate License #200403303 Listed on: 01/04/2025

Think Real Estate

Last Buyer's Agent

Michael Bluhm

Neighbors Realty License #201218396

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,566

Year Built

  • Built in 1997

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,136 Sq Ft Home
  • 3-Story Property
  • Vaulted Ceiling
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Family Room
  • Combination Dining and Living Room
  • Washer and Dryer

Kitchen

  • Free-Standing Range
  • Plumbed For Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Tile Countertops
  • Disposal

Flooring

  • Bamboo
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

  • Buckman Elementary School
  • Hosford Middle School
  • Cleveland High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Green Certified Home
  • Patio
  • 871 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number R238976

Community Details

Overview

  • No Home Owners Association
  • Kerns Subdivision

Amenities

  • Common Area

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,566

Year Built

Built in 1997

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 3
  • Year Built: 1997
  • Property Condition: Resale
  • Property Sub Type: Attached
  • Architectural Style: Townhouse
  • New Construction: No
  • Property Attached Yn: Yes
  • Open House: No
  • Room 11 Features: Dishwasher,EatBar,Pantry
  • Room 12 Features: Balcony,Fireplace,LivingRoomDiningRoomCombo
  • Room 13 Features: Bathroom
  • Room 7 Features: Patio
  • Room 9 Features: LivingRoomDiningRoomCombo
  • Special Features: VirtualTour

Interior Features

  • Total Bathrooms: 2.0
  • Fireplaces: 1
  • Interior Amenities: BambooFloor, GarageDoorOpener, HighCeilings, Skylight, VaultedCeiling, WalltoWallCarpet, WasherDryer
  • Window Features: DoublePaneWindows, VinylFrames
  • Appliances: Dishwasher, Disposal, FreeStandingRange, FreeStandingRefrigerator, Pantry, PlumbedForIceMaker, StainlessSteelAppliance, Tile
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Main Level Full Bathrooms: 1
  • BathroomsFullUpperLevel: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 1.0
  • Lot Size Range: SqFt0Kto2999
  • Room 11 Level: Upper
  • Room 12 Level: Upper
  • Room 13 Level: Upper
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Upper

Exterior Features

  • Exterior Description: CementSiding,T111Siding
  • Lot Size: 0K to 2,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Commons
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition

Garage/Parking

  • Garage Type: Attached
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling: AirConditioningReady
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Buckman
  • High School: Cleveland
  • Middle Or Junior School: Hosford

Lot Info

  • Zoning: CM2
  • Land Lease: No
  • Lot Size Acres: 0.02
  • Lot Size Sq Ft: 871.0
  • Parcel #: R238976

Green Features

  • Green Certification: Yes

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5566.18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2025
Closed on
Mar 12, 2025
Sold by
Wilson Rachael S and Groenendaal Rachael Wilson
Bought by
Lovett Peter
Seller's Agent
Tom Cotter
Think Real Estate
Buyer's Agent
Michael Bluhm
Neighbors Realty
List Price
$495,000
Sold Price
$434,900
Premium/Discount to List
-$60,100
-12.14%
Views
62
Current Estimated Value
$441,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,317
Avg. Annual Appreciation
2.68%
Original Mortgage
$347,920
Outstanding Balance
$347,632
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$92,588

Purchase Details

Closed on
Mar 29, 1999
Sold by
Edgewood Development Inc
Bought by
Wilson Rachel S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,400
Interest Rate
6.79%
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 Type Sale Price Title Company
Warranty Deed $434,900 Wfg Title
Warranty Deed $134,900 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $347,920 New Conventional
Previous Owner $121,400 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2025 03/14/25 Sold $434,900 -5.4% $383 / Sq Ft
02/12/2025 02/12/25 Pending -- -- --
02/05/2025 02/05/25 Price Changed $459,900 -3.2% $405 / Sq Ft
01/15/2025 01/15/25 Price Changed $475,000 -4.0% $418 / Sq Ft
01/04/2025 01/04/25 For Sale $495,000 -- $436 / 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 $5,566 $208,040 -- --
2023 $5,566 $201,990 $0 $0
2022 $5,237 $196,110 $0 $0
2021 $5,148 $190,400 $0 $0
2020 $4,723 $184,860 $0 $0
2019 $4,690 $179,480 $0 $0
2018 $4,415 $174,260 $0 $0
2017 $4,232 $169,190 $0 $0
2016 $3,873 $164,270 $0 $0
2015 $3,772 $159,490 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24606300

Regional Multiple Listing Service (RMLS)

APN: R238976