NOT LISTED FOR SALE

5248 NE 31st Ave Unit 5250 Portland, OR 97211

Concordia Neighborhood

Estimated Value: $633,000 - $689,000

4 Beds
2 Baths
1,700 Sq Ft
$391/Sq Ft Est. Value

Last Sold March 16, 2022

Last sale price $716,190 $421 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $4,005/month

4 Days on Market

Highlights

  • Forced Air Heating System
  • Green Certified Home
  • 1-Story Property
  • Vernon Elementary School Rated 9+
  • Wood Siding

About This Home

As of March 2022

Fabulous 1955 duplex in the heart of the Alberta Arts district. This beautiful mid-century features two fully updated units with hardwood floors, large remodeled kitchens with granite counters, new cabinets and appliances. Each unit features large corner windows, private laundry room and private off-street parking with alley access. Other updates include new 30 year roof and exterior paint. This property is ideally located just two blocks from the heart of the Alberta Arts district. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10199003]

Last Agent to Sell the Property

Rambo Halpern

Premiere Property Group, LLC License #200310218 Listed on: 02/12/2022

Co-Listed By

Ayumi Yanome

Premiere Property Group, LLC License #201234499

Last Buyer's Agent

Grant Williams

Urban Nest Realty License #201233450

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,789

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 5,009

Home Design

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

Interior Spaces

  • 1,700 Sq Ft Home
  • 1-Story Property

Parking

  • Paved Parking
  • Open Parking

Eco-Friendly Details

  • Green Certified Home

Schools

  • Vernon Elementary And Middle School
  • Jefferson High School

Utilities

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

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number R166099

Community Details

Overview

  • 2 Units
  • Concordia / Alberta Arts Subdivision

Building Details

  • Operating Expense $18,707
  • Gross Income $37,090
  • Net Operating Income $18,382

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,789

Year Built

Built in 1955 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1955
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: None
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: Brick,WoodSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Roof: Composition

Garage/Parking

  • Parking Description: Open, Paved
  • Attached Garage: No

Utilities

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

Schools

  • Elementary School: Vernon
  • High School: Jefferson
  • Middle Or Junior School: Vernon

Lot Info

  • Zoning: R2.5AH
  • Parcel #: R166099

Green Features

  • Green Certification: Yes

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2020
  • Tax Annual Amount: 4789.06

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 18.2
  • Annual Gross Income: 37090.0
  • Property Net Operating Income: 18382.0
  • Annual Operating Expense: 18707.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2022
Closed on
Mar 16, 2022
Sold by
Rsg Llc
Bought by
Nguyen Jackie P
Seller's Agent
Rambo Halpern
Premiere Property Group, LLC
Buyer's Agent
Grant Williams
Urban Nest Realty
List Price
$675,000
Sold Price
$716,190
Premium/Discount to List
$41,190
6.1%
Current Estimated Value
$664,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$51,944
Avg. Annual Appreciation
-2.10%
Original Mortgage
$572,952
Outstanding Balance
$534,898
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$129,348

Purchase Details

Listed on
Feb 12, 2022
Closed on
Feb 17, 2022
Sold by
Rsg Llc
Bought by
Nguyen Jackie P
Seller's Agent
Rambo Halpern
Premiere Property Group, LLC
Buyer's Agent
Grant Williams
Urban Nest Realty
List Price
$675,000
Sold Price
$716,190
Premium/Discount to List
$41,190
6.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,952
Outstanding Balance
$534,898
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$129,348

Purchase Details

Closed on
Nov 28, 2016
Sold by
Robb Greg
Bought by
Rsg Llc

Purchase Details

Closed on
Mar 27, 2013
Sold by
Halpern Rambo
Bought by
Robb Greg and Robb Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,600
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2012
Sold by
Rsg Llc
Bought by
Halpern Rambo and Robb Sara

Purchase Details

Closed on
Dec 30, 2005
Sold by
Robb Gregory
Bought by
Rsg Llc

Purchase Details

Closed on
Oct 12, 2005
Sold by
Rothrock Philip M
Bought by
Robb Gregory and Robb Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,000
Interest Rate
5.67%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 5, 2005
Sold by
Rothrock Philip M
Bought by
Robb Gregory and Robb Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,000
Interest Rate
5.67%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 25, 2004
Sold by
Knoll Laura D
Bought by
Rothrock Helen S and Rothrock Philip M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,800
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 2, 1996
Sold by
Muir Phillip R
Bought by
Knoll Laura D

Purchase Details

Closed on
Dec 26, 1995
Sold by
Malet Charles A
Bought by
Muir Phillip R and Hampton Kenneth Bruce
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
Nguyen Jackie P $716,190 First American Title
Nguyen Jackie P $716,190 First American Title
Rsg Llc -- None Available
Robb Greg -- Fidelity Natl Title Co Of Or
Halpern Rambo -- Accommodation
Rsg Llc -- None Available
Robb Gregory $277,000 Fidelity Natl Title Co Of Or
Robb Gregory $277,000 Fidelity Natl Title Co Of Or
Rothrock Helen S $206,000 Lawyers Title Ins
Knoll Laura D $84,700 Oregon Title Insurance Co
Muir Phillip R $25,000 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Jackie P $572,952
Closed Nguyen Jackie P $572,952
Previous Owner Robb Greg $170,600
Previous Owner Robb Gregory $187,000
Previous Owner Rothrock Helen S $164,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2022 03/16/22 Sold $716,190 +6.1% $421 / Sq Ft
02/16/2022 02/16/22 Pending -- -- --
02/12/2022 02/12/22 For Sale $675,000 -- $397 / 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 $5,645 $210,970 -- --
2023 $5,428 $204,830 $0 $0
2022 $5,310 $198,870 $0 $0
2021 $5,220 $193,080 $0 $0
2020 $4,789 $187,460 $0 $0
2019 $4,613 $182,000 $0 $0
2018 $4,477 $176,700 $0 $0
2017 $4,291 $171,560 $0 $0
2016 $3,927 $166,570 $0 $0
2015 $3,824 $161,720 $0 $0
2014 $3,766 $157,010 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rambo Halpern

    Seller's Agent in 2022

    Rambo Halpern

    Premiere Property Group, LLC

    (503) 473-4127

    1 in this area

    58 Total Sales

    Rambo Halpern
    Section Image
  • Ayumi Yanome

    Seller Co-Listing Agent in 2022

    Ayumi Yanome

    Premiere Property Group, LLC

    (503) 473-4126

    1 in this area

    42 Total Sales

    Ayumi Yanome
    Section Image
  • Grant Williams

    Buyer's Agent in 2022

    Grant Williams

    Urban Nest Realty

    (503) 505-1407

    4 in this area

    146 Total Sales

    Grant Williams
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22074935

Regional Multiple Listing Service (RMLS)

APN: R166099

Oregon Multnomah County Portland 97211 Concordia

5248 NE 31st Ave Unit 5250, Portland, OR

This home is located at 5248 NE 31st Ave Unit 5250, Portland, OR 97211 since 12 February 2022 and is currently estimated at $664,246, approximately $390 per square foot. This property was built in 1955. 5248 NE 31st Ave Unit 5250 is a home located in Multnomah County with nearby schools including Vernon Elementary School, Jefferson High School, and Leodis V. McDaniel High School.

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