NOT LISTED FOR SALE

507 NE Sumner St Portland, OR 97211

King Neighborhood

Estimated Value: $409,000 - $532,949

3 Beds
1.5 Baths
1,332 Sq Ft
$347/Sq Ft Est. Value

Last Sold December 23, 2021

Last sale price $400,000 $300 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,946/month

32 Days on Market

Highlights

  • Traditional Architecture
  • Double Pane Windows
  • Dining Room
  • No HOA
  • Living Room
  • Family Room

About This Home

As of December 2021

LOCATION and PRICE IMPROVEMENT! Right off of MLK and just a couple of blocks from the hot Alberta Arts district. Has been a solid rental for the last 10 plus years. Tenants would like to remain OR bring your vision for updates to this well located home in a desirable area!

Last Agent to Sell the Property

Martha Harrell

Premiere Property Group, LLC License #200310148 Listed on: 08/03/2021

Premiere Property Group, LLC

Last Buyer's Agent

Trevor Emmett

John L. Scott Portland Central License #201212239

John L. Scott Portland Central

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,382

Year Built

  • Built in 1996

Lot Details

  • 4,356 Sq Ft Lot

Parking

  • Carport

Home Design

  • Traditional Architecture
  • Composition Roof
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,332 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Family Room
  • Living Room
  • Dining Room
  • Crawl Space
  • Free-Standing Range

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Martinl King Jr Elementary School
  • Harriet Tubman Middle School
  • Jefferson High School

Utilities

  • No Cooling
  • Wall Furnace
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R107947

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,382

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 2
  • Year Built: 1996
  • Property Condition: Resale
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Traditional
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None

Interior Features

  • Total Bathrooms: 1.1
  • Interior Amenities: VinylFloor, WalltoWallCarpet
  • Basement: CrawlSpace
  • Window Features: DoublePaneWindows
  • Appliances: FreeStandingRange, FreeStandingRefrigerator
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • BathroomsFullUpperLevel: 1
  • BathroomsPartialMainLevel: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 0.1
  • BathroomsTotalUpperLevel: 1.0
  • Lot Size Range: SqFt3000to4999
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Upper
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Upper
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Upper
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition

Garage/Parking

  • Parking Description: Carport
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: WallFurnace
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: MartinL King Jr
  • High School: Jefferson
  • Middle Or Junior School: Harriet Tubman

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Sq Ft: 4356.0
  • Parcel #: R107947

Green Features

  • Green Certification: No

Rental Info

  • Rent Amount: 1425

Tax Info

  • Tax Deferral: No
  • Tax Year: 2020
  • Tax Annual Amount: 4382.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2021
Closed on
Dec 17, 2021
Sold by
Seyoum Eden and Estate Of Tsega Gebretsadik
Bought by
Wilburn Chris
Seller's Agent
Martha Harrell
Premiere Property Group, LLC
Buyer's Agent
Trevor Emmett
John L. Scott Portland Central
List Price
$449,900
Sold Price
$400,000
Premium/Discount to List
-$49,900
-11.09%
Current Estimated Value
$461,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,737
Avg. Annual Appreciation
3.99%
Original Mortgage
$447,773
Interest Rate
2.98%
Mortgage Type
FHA

Purchase Details

Closed on
May 16, 1996
Sold by
Northeast Community Development Corp
Bought by
Gebretsadik Tsega

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,052
Interest Rate
7.8%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 10, 1995
Sold by
Portland Development Commission
Bought by
Northeast Community Development Corp
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Wilburn Chris $400,000 Wfg Title
Gebretsadik Tsega $84,000 Chicago Title
Northeast Community Development Corp -- Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilburn Chris $452,800
Closed Wilburn Chris $447,773
Previous Owner Gebretsadik Tsega $100,000
Previous Owner Gebretsadik Tsega $80,000
Previous Owner Gebretsadik Tsega $69,052
Closed Northeast Community Development Corp $0
Closed Gebretsadik Tsega $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2021 12/23/21 Sold $400,000 -5.9% $300 / Sq Ft
09/03/2021 09/03/21 Pending -- -- --
08/10/2021 08/10/21 Price Changed $425,000 -5.5% $319 / Sq Ft
08/02/2021 08/02/21 For Sale $449,900 -- $338 / 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 $5,165 $193,040 -- --
2023 $4,966 $187,420 $0 $0
2022 $4,859 $181,970 $0 $0
2021 $4,777 $176,670 $0 $0
2020 $4,382 $171,530 $0 $0
2019 $4,221 $166,540 $0 $0
2018 $4,097 $161,690 $0 $0
2017 $3,927 $156,990 $0 $0
2016 $3,594 $152,420 $0 $0
2015 $3,500 $147,990 $0 $0
2014 $3,447 $143,680 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Martha Harrell

    Seller's Agent in 2021

    Martha Harrell

    Premiere Property Group, LLC

    (503) 784-6667

    2 in this area

    62 Total Sales

    Martha Harrell
    Section Image
  • Trevor Emmett

    Buyer's Agent in 2021

    Trevor Emmett

    John L. Scott Portland Central

    (503) 230-8600

    1 in this area

    59 Total Sales

    Trevor Emmett
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21059455

Regional Multiple Listing Service (RMLS)

APN: R107947

Oregon Multnomah County Portland 97211 King

507 NE Sumner St, Portland, OR

This home is located at 507 NE Sumner St, Portland, OR 97211 since 03 August 2021 and is currently estimated at $461,737, approximately $346 per square foot. This property was built in 1996. 507 NE Sumner St is a home located in Multnomah County with nearby schools including Martin Luther King Jr. School, Harriet Tubman Middle School, and Jefferson High School.

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