NOT LISTED FOR SALE

520 NE 167th Place Unit 524 Portland, OR 97230

Wilkes East Neighborhood

Estimated Value: $481,000 - $596,000

4 Beds
3 Baths
1,982 Sq Ft
$271/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $512,000 $258 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,265/month

4 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating and Cooling System
  • Wood Siding
  • 2 Car Attached Garage
  • High Speed Internet
  • 1-Story Property

About This Home

As of September 2023

Welcome to this meticulously maintained 70s duplex in NE Portland! This charming 1-level ranch boasts two 2-bedroom units, each with its own unique outdoor space and lovely patios. Nestled on a serene cross street off Glisan, this property offers opportunity and convenience. Inside, find some original charm, with hardwoods throughout, brick fireplaces, and spacious living areas. Each unit comes with refrigerator, range, ceiling fans, and air conditioning. Off-street parking with driveway and spacious garages for each unit; minutes from public transit. Unit 1 has a fenced-in yard, skylights, and was renovated in 2011 with new wood flooring, bathroom vanity, tile backsplashes, lighting, and paint. The neighborhood is a short distance from E. Burnside, offering a convenient route to shops, dining, and entertainment and access to the inner east side and downtown PDX. Don't miss this opportunity to own a lovingly maintained ranch in a prime part of NE Portland!(Note: duplex is on the border of Portland and Gresham and is not subject to Portland Tenant rules.)

Last Agent to Sell the Property

Benjamin Ficker

Keller Williams Sunset Corridor Brokerage Phone: 971-235-9561 License #200412166 Listed on: 08/02/2023

Keller Williams Sunset Corridor

Co-Listed By

Martine Tammik

Keller Williams Sunset Corridor Brokerage Phone: 971-235-9561 License #201206793

Last Buyer's Agent

Russell Petrusha

Russell Realty & Associates LLC License #201011043

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,307

Year Built

  • Built in 1973

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,982 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

  • Wilkes Elementary School
  • H.B. Lee Middle School
  • Reynolds High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R294026

Community Details

Building Details

  • Operating Expense $6,720
  • Gross Income $33,600
  • Net Operating Income $26,880

Additional Features

  • 2 Units
  • Common Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,307

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1973
  • Property Condition: Existing
  • Unreinforced Masonry Building: Unknown
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: None
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Brick,WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Commons, CornerLot, Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Attached, Garage
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Internet Service Type: Cable
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Wilkes
  • High School: Reynolds
  • Middle Or Junior School: H.B. Lee

Lot Info

  • Zoning: TLDR
  • Parcel #: R294026

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 4307.39

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.88
  • Annual Gross Income: 33600.0
  • Property Net Operating Income: 26880.0
  • Annual Operating Expense: 6720.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2023
Closed on
Aug 30, 2023
Sold by
Minnick Gayle
Bought by
Avramenko Yevgeniy M
Seller's Agent
Benjamin Ficker
Keller Williams Sunset Corridor
Buyer's Agent
Russell Petrusha
Russell Realty & Associates LLC
List Price
$500,000
Sold Price
$512,000
Premium/Discount to List
$12,000
2.4%
Views
14
Current Estimated Value
$536,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,908
Avg. Annual Appreciation
2.31%
Original Mortgage
$502,726
Outstanding Balance
$491,761
Interest Rate
6.81%
Mortgage Type
FHA
Estimated Equity
$45,147

Purchase Details

Closed on
May 7, 2011
Sold by
Reyman Paul H
Bought by
Minnick Gayle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
4.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2003
Sold by
Paola Sharen L
Bought by
Reyman Paul H and Reyman Karen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,200
Interest Rate
6.4%
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
Avramenko Yevgeniy M $512,000 Ticor Title
Minnick Gayle $190,000 Fidelity Natl Title Co Of Or
Reyman Paul H $204,000 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Avramenko Yevgeniy M $502,726
Previous Owner Minnick Gayle $152,000
Previous Owner Reyman Paul H $163,200
Closed Reyman Paul H $48,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2023 09/08/23 Sold $512,000 +2.4% $258 / Sq Ft
08/07/2023 08/07/23 Pending -- -- --
08/02/2023 08/02/23 For Sale $500,000 -- $252 / 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 $4,881 $260,990 -- --
2023 $4,417 $253,390 $0 $0
2022 $4,307 $246,010 $0 $0
2021 $4,201 $238,850 $0 $0
2020 $3,930 $231,900 $0 $0
2019 $3,768 $225,150 $0 $0
2018 $3,730 $218,600 $0 $0
2017 $3,609 $212,240 $0 $0
2016 $3,452 $206,060 $0 $0
2015 $3,353 $200,060 $0 $0
2014 $3,239 $194,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Benjamin Ficker

    Seller's Agent in 2023

    Benjamin Ficker

    Keller Williams Sunset Corridor

    (971) 235-9561

    1 in this area

    54 Total Sales

    Benjamin Ficker
    Section Image
  • Martine Tammik

    Seller Co-Listing Agent in 2023

    Martine Tammik

    Keller Williams Sunset Corridor

    (503) 317-0000

    1 in this area

    79 Total Sales

    Martine Tammik
    Section Image
  • Russell Petrusha

    Buyer's Agent in 2023

    Russell Petrusha

    Russell Realty & Associates LLC

    (503) 422-5970

    1 in this area

    25 Total Sales

    Russell Petrusha
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23011504

Regional Multiple Listing Service (RMLS)

APN: R294026

Oregon Multnomah County Portland 97230 Wilkes East

520 NE 167th Place Unit 524, Portland, OR

This home is located at 520 NE 167th Place Unit 524, Portland, OR 97230 since 02 August 2023 and is currently estimated at $536,908, approximately $270 per square foot. This property was built in 1973. 520 NE 167th Place Unit 524 is a home located in Multnomah County with nearby schools including Wilkes Elementary School, Hauton B Lee Middle School, and Reynolds High School.

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