NOT LISTED FOR SALE

5263 NE 24th Ave Unit 5265 Portland, OR 97211

Concordia Neighborhood

Estimated Value: $579,000 - $657,000

4 Beds
2 Baths
1,560 Sq Ft
$397/Sq Ft Est. Value

Last Sold November 21, 2018

Last sale price $500,000 $321 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,646/month

109 Days on Market

Highlights

  • Attached Garage
  • Level Lot
  • 1-Story Property
  • Vernon Elementary School Rated 9+

About This Home

As of November 2018

Investment opportunity in the heart of the hopping, hip Alberta Arts District!Great first time investment property to start your portfolio - units rentquickly when vacated. Back unit has new floors, a fresh coat of paint & isvacant - prime for an owner-occupied situation. Each unit has off-streetparking, private fenced patio area & laundry hookup. Blocks to restaurants,bus-lines, Concordia University. Walkscore 87 and Bikescore 79!

Last Agent to Sell the Property

Allison Ellermeier

Neighbors Realty License #201207566 Listed on: 06/15/2018

Last Buyer's Agent

David Columbus

Living Room Realty License #200008098

Living Room Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,338

Year Built

  • Built in 1977

Lot Details

  • 5,009

Parking

  • Attached Garage

Home Design

  • Metal Siding

Interior Spaces

  • 1-Story Property
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Dishwasher

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 2 Units
  • Property managed by Kathy Brainard, PPI

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,338

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1560
  • Stories: 1
  • Year Built: 1977
  • Remarks Public: Investment opportunity in the heart of the hopping, hip Alberta Arts District!Great first time investment property to start your portfolio - units rentquickly when vacated. Back unit has new floors, a fresh coat of paint & isvacant - prime for an owner-occupied situation. Each unit has off-streetparking, private fenced patio area & laundry hookup. Blocks to restaurants,bus-lines, Concordia University. Walkscore 87 and Bikescore 79!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: VERNON, BLOCK 12, LOT 15
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Metal Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 2
  • Parking Description: Attached, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Zoned

Condo/Co-op/Association

  • Management Name: Kathy Brainard, PPI
  • Unit Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup

Schools

  • Elementary School: Vernon
  • Middle School: Vernon
  • High School: Jefferson
  • School High2: Madison

Lot Info

  • Lot Description: Level
  • Zoning: R 2.5

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 3298.22
  • Assessor Parcel Number: R294971
  • Tax Year: 2017

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.18

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2018
Closed on
Nov 19, 2018
Sold by
Watson Judith J and Matranga Watson Susan M
Bought by
Martin Katie L
Seller's Agent
Allison Ellermeier
Neighbors Realty
Buyer's Agent
David Columbus
Living Room Realty
List Price
$530,000
Sold Price
$500,000
Premium/Discount to List
-$30,000
-5.66%
Current Estimated Value
$619,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,369
Avg. Annual Appreciation
2.65%
Original Mortgage
$425,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2015
Sold by
Watson Judith J
Bought by
Matranga Watson Family Trust

Purchase Details

Closed on
Nov 22, 2004
Sold by
Genesis Family Properties Llc
Bought by
Watson Judith J and Matranga Watson Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,240
Interest Rate
3.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 24, 2003
Sold by
The Rodolph C Girtman Revocable Trust
Bought by
Genesis Family 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
$105,000
Interest Rate
5.96%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 23, 2002
Sold by
Marckx Ed
Bought by
Girtman Rodolph C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
5.96%
Mortgage Type
Balloon
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
Martin Katie L $500,000 First American Title
Matranga Watson Family Trust -- None Available
Watson Judith J $165,300 Transnation Title Agency Or
Genesis Family Properties Llc -- First American
The Rodolph C Girtman Revocable Trust -- First American
Girtman Rodolph C $140,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Katie L $425,000
Previous Owner Watson Judith J $132,240
Previous Owner Girtman Rodolph C $105,000
Closed Watson Judith J $16,530
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2018 11/21/18 Sold $500,000 -5.7% $321 / Sq Ft
10/02/2018 10/02/18 Pending -- -- --
06/15/2018 06/15/18 For Sale $530,000 -- $340 / 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 $4,338 $162,140 -- --
2023 $4,171 $157,420 $0 $0
2022 $4,081 $152,840 $0 $0
2021 $4,012 $148,390 $0 $0
2020 $3,681 $144,070 $0 $0
2019 $3,545 $139,880 $0 $0
2018 $3,441 $135,810 $0 $0
2017 $3,298 $131,860 $0 $0
2016 $3,018 $128,020 $0 $0
2015 $2,939 $124,300 $0 $0
2014 $2,895 $120,680 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Allison Ellermeier

    Seller's Agent in 2018

    Allison Ellermeier

    Neighbors Realty

    (971) 322-5502

    1 in this area

    110 Total Sales

    Allison Ellermeier
    Section Image
  • David Columbus

    Buyer's Agent in 2018

    David Columbus

    Living Room Realty

    (503) 719-5588

    1 in this area

    62 Total Sales

    David Columbus
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18587584

Regional Multiple Listing Service (RMLS)

APN: R294971

Oregon Multnomah County Portland 97211 Concordia

5263 NE 24th Ave Unit 5265, Portland, OR

This home is located at 5263 NE 24th Ave Unit 5265, Portland, OR 97211 since 15 June 2018 and is currently estimated at $619,369, approximately $397 per square foot. This property was built in 1977. 5263 NE 24th Ave Unit 5265 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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