NOT LISTED FOR SALE

5061 SE 28th Ave Portland, OR 97202

Reed Neighborhood

Estimated Value: $702,065 - $800,000

5 Beds
3 Baths
2,825 Sq Ft
$271/Sq Ft Est. Value

Last Sold February 04, 2021

Last sale price $695,000 $246 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,646/month

Highlights

  • Deck
  • Fireplace
  • Washer and Dryer
  • Grout Elementary School Rated 9+
  • Asbestos
  • 4-minute walk to Tucker Maxon Goat Park

About This Home

As of February 2021

This beautifully remodeled 1932 Old English duplex, owner-occ w or without ADU, or Airbnb? Near Reed College, Sellwood & downtown! Both levels have gorgeous new luxury vinyl flooring, light fixtures & freshly painted interiors. Main lvl combines period charm w huge windows, fireplace & original built-ins! Kitchen nook w period marble counter & orig built-ins, new appliances, cabinets, granite counters & eating isl. New spacious deck! Lower Level permitted by city and has zonal heat, upper is gas

Last Agent to Sell the Property

Barbara Knudsen

Knudsen Group LLC License #940400176 Listed on: 12/30/2020

Last Buyer's Agent

Jeffrey Capen

Windermere Realty Trust License #200308199

Windermere Realty Trust

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,608

Year Built

  • Built in 1932 | Remodeled

Lot Details

  • 4,008

Parking

  • Paved Parking

Home Design

  • Slab Foundation
  • Shake Siding
  • Asbestos

Interior Spaces

  • Fireplace
  • Storage In Attic
  • Range
  • Washer and Dryer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Apartment Living Space in Basement

Outdoor Features

  • Deck

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,608

Year Built

Built in 1932 | Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2825
  • Year Built: 1932
  • Property Condition: Updated/Remodeled
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: PARTITION PLAT 1996-149, LOT 1
  • Basement: Finished, Full Basement, Separate Living Quarters/Apartment/Aux Living Unit
  • Storage: Attic

Exterior Features

  • Exterior Description: Asbestos, Shake Siding
  • Lot Size: 3,000 to 4,999 SqFt
  • Roof Type: Composition
  • Foundation Details: Slab
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Paved

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air

Condo/Co-op/Association

  • Unit Features: Deck, Fireplace, Range, Refrigerator, Washer/Dryer Hookup, Washer/Dryer

Lot Info

  • Zoning: R2

Rental Info

  • Rent Includes: Trash Collection

Tax Info

  • Tax Amount: 5994.03
  • Assessor Parcel Number: R239293
  • Tax Year: 2019

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.25

MLS Schools

  • Elementary School: Grout
  • High School: Cleveland
  • Middle School: Hosford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2020
Closed on
Jan 29, 2021
Sold by
Schnyder Robert J and Schnyder Beth P
Bought by
Effros Rachel
Seller's Agent
Barbara Knudsen
Knudsen Group LLC
Buyer's Agent
Jeffrey Capen
Windermere Realty Trust
List Price
$683,000
Sold Price
$695,000
Premium/Discount to List
$12,000
1.76%
Current Estimated Value
$766,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,516
Avg. Annual Appreciation
2.09%
Original Mortgage
$478,000
Outstanding Balance
$425,787
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$340,729

Purchase Details

Closed on
May 15, 2012
Sold by
Schnyder Robert J
Bought by
Schnyder Robert J and Schnyder Beth P

Purchase Details

Closed on
May 6, 2011
Sold by
Bsi Properties Llc
Bought by
Schnyder Robert J and Schnyder Beth P

Purchase Details

Closed on
Aug 24, 2007
Sold by
Schnyder Robert J and Schynder Beth P
Bought by
Bsi Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,800
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 2007
Sold by
Glanville David J
Bought by
Schnyder Robert J and Schnyder Beth P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,800
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 2003
Sold by
Glanville David J
Bought by
Glanville David J and Glanville Jane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Effros Rachel $695,000 First American
Schnyder Robert J -- None Available
Schnyder Robert J -- Accommodation
Bsi Properties Llc -- Accommodation
Schnyder Robert J $376,000 First American Title Insuran
Glanville David J -- First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Effros Rachel $478,000
Previous Owner Schnyder Robert J $300,800
Previous Owner Glanville David J $197,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2021 02/04/21 Sold $695,000 +1.8% $246 / Sq Ft
12/31/2020 12/31/20 Pending -- -- --
12/30/2020 12/30/20 For Sale $683,000 -- $242 / 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
2025 $7,608 $282,350 -- --
2024 $7,334 $274,130 -- --
2023 $7,053 $266,150 $0 $0
2022 $6,900 $258,400 $0 $0
2021 $6,783 $250,880 $0 $0
2020 $6,223 $243,580 $0 $0
2019 $5,994 $236,490 $0 $0
2018 $5,818 $229,610 $0 $0
2017 $5,576 $222,930 $0 $0
2016 $5,103 $216,440 $0 $0
2015 $4,969 $210,140 $0 $0
2014 $4,894 $204,020 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Barbara Knudsen

    Knudsen Group LLC

    (503) 803-0368

    1 in this area

    53 Total Sales

    Barbara Knudsen
    Section Image
  • Jeffrey Capen

    Buyer's Agent in 2021

    Jeffrey Capen

    Windermere Realty Trust

    (503) 888-5191

    3 in this area

    290 Total Sales

    Jeffrey Capen
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20574149

Regional Multiple Listing Service (RMLS)

APN: R239293

Oregon Multnomah County Portland 97202 Reed

5061 SE 28th Ave, Portland, OR

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