NOT LISTED FOR SALE

5246 NE Flanders St Unit 5248 Portland, OR 97213

North Tabor Neighborhood

Estimated Value: $736,745 - $879,000

4 Beds
3 Baths
3,257 Sq Ft
$248/Sq Ft Est. Value

Last Sold April 25, 2023

Last sale price $770,500 $237 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,789/month

129 Days on Market

Highlights

  • Forced Air Heating System
  • Laurelhurst Elementary School Rated 9+
  • 2 Car Garage

About This Home

As of April 2023

Duplex, POSS 3 plex, ADU, Multi Fam, or investment. See Matter Port - walk through all units with virtual tour. Projected Cap Rate is 5%-6% W/ #1 Rented. 2 units are 2 BDRM,1 Bath, fenced yard W/decks. 2 laundries 2 fireplaces Huge basement=family rm, Poss 3rd unit, has 1 BdRm, 1 Bath. Front unit updated,new paint,carpet,kitchen,granite,SS Appl & IS VACANT. Do Not Disturb Tenants. Buyers to verify SqFt, zoning & laws. Write offers subject to interior inspection Walk Score 82, Bike score 93

Last Agent to Sell the Property

Sherry Haney

All County Real Estate License #201208322 Listed on: 11/12/2022

Last Buyer's Agent

Ted Williams

Urbane Realty Group License #201003027

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,827

Year Built

  • Built in 1970

Lot Details

  • Sloped Lot

Parking

  • 2 Car Garage
  • Open Parking

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 3,257 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Schools

  • Laurelhurst Elementary School
  • Mt Tabor Middle School
  • Grant High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Rent includes trashcollection
  • Assessor Parcel Number R130669

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $7,740
  • Gross Income $37,620
  • Net Operating Income $29,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,827

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1970
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement
  • Storage: Basement,Garage
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: No
  • Lot Features: Sloped
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: Laurelhurst
  • High School: Grant
  • Middle Or Junior School: Mt Tabor

Lot Info

  • Zoning: R2.5
  • Parcel #: R130669

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 5826.86

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 20.73
  • Annual Gross Income: 37620.0
  • Property Net Operating Income: 29880.0
  • Annual Operating Expense: 7740.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2022
Closed on
Apr 24, 2023
Sold by
Donald F Holden F and Donald Lorette E
Bought by
Wright Ronald and Wright April
Seller's Agent
Sherry Haney
All County Real Estate
Buyer's Agent
Ted Williams
Urbane Realty Group
List Price
$799,900
Sold Price
$770,500
Premium/Discount to List
-$29,400
-3.68%
Views
103
Current Estimated Value
$807,436

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,936
Avg. Annual Appreciation
2.08%
Original Mortgage
$577,875
Outstanding Balance
$565,649
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$244,238

Purchase Details

Closed on
Aug 12, 2021
Sold by
Holden Donald F
Bought by
Holden Donald F and Holden Lorette E
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
Wright Ronald $770,500 Ticor Title
Holden Donald F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Ronald $577,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2023 04/25/23 Sold $770,500 -1.2% $237 / Sq Ft
03/22/2023 03/22/23 Pending -- -- --
02/24/2023 02/24/23 Price Changed $779,900 -2.5% $239 / Sq Ft
11/12/2022 11/12/22 For Sale $799,900 -- $246 / 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 $6,300 $235,470 -- --
2023 $6,058 $228,620 $0 $0
2022 $5,927 $221,970 $0 $0
2021 $5,827 $215,510 $0 $0
2020 $5,345 $209,240 $0 $0
2019 $5,149 $203,150 $0 $0
2018 $4,998 $197,240 $0 $0
2017 $4,790 $191,500 $0 $0
2016 $4,384 $185,930 $0 $0
2015 $4,269 $180,520 $0 $0
2014 $4,205 $175,270 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sherry Haney

    Seller's Agent in 2023

    Sherry Haney

    All County Real Estate

    (503) 939-6146

    2 in this area

    12 Total Sales

    Sherry Haney
    Section Image
  • Ted Williams

    Buyer's Agent in 2023

    Ted Williams

    Urbane Realty Group

    (360) 910-0317

    2 in this area

    67 Total Sales

    Ted Williams
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22297305

Regional Multiple Listing Service (RMLS)

APN: R130669

Oregon Multnomah County Portland 97213 North Tabor

5246 NE Flanders St Unit 5248, Portland, OR

This home is located at 5246 NE Flanders St Unit 5248, Portland, OR 97213 since 12 November 2022 and is currently estimated at $807,436, approximately $247 per square foot. This property was built in 1970. 5246 NE Flanders St Unit 5248 is a home located in Multnomah County with nearby schools including Laurelhurst Elementary School, U.S. Grant High School, and The Portland Montessori School.

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