$499,900
SOLD OCT 25, 2024

5330 SE Rhone St Unit 5334 Portland, OR 97206

Foster-Powell Neighborhood
-- Bed
-- Bath
3,120 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$160 Per Sq Ft

4 Days on Market

Highlights

  • Corner Lot
  • High Speed Internet
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of October 2024

Solid mid-century duplex with full basements and a detached garage, on a corner lot. This duplex has mid century charm and hardwood floors. Needs some updates, but this property has great bones and tons of potential. The basement is unfinished and may be suitable for improvements, and the detached garage offers development potential as well. The zoning is CM2 (commercial mixed use), so it may be possible to use some of this property for commercial uses or to add additional units.

Last Agent to Sell the Property

Brian Porter

Opt License #200305174 Listed on: 09/12/2024

Co-Listed By

Theresa deSousa + Brian Spear

Opt License #200312221

Last Buyer's Agent

Dodie Jensen

Tarr Realty NW LLC. License #201215585

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,611

Year Built

  • Built in 1952

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50' x 100'
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway
  • Assigned Parking

Home Design

  • Fixer Upper
  • Composition Roof
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 3,120 Sq Ft Home
  • 1-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Schools

  • Creston Elementary School
  • Kellogg Middle School
  • Franklin High School

Utilities

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

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R229072

Community Details

Overview

  • 2 Units
  • Foster/Powell Subdivision

Building Details

  • Operating Expense $11,360
  • Gross Income $26,160
  • Net Operating Income $14,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,611

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1952
  • Property Condition: Fixer
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement
  • Storage: Basement
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Cedar
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: Creston
  • High School: Franklin
  • Middle Or Junior School: Kellogg

Lot Info

  • Zoning: CM2
  • Lot Size Acres: 0.12
  • Lot Size: 50' x 100'
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R229072

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 5610.85

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 19.11
  • Annual Gross Income: 26160.0
  • Property Net Operating Income: 14800.0
  • Annual Operating Expense: 11360.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2024
Closed on
Sep 16, 2024
Sold by
Fraser John F and Fraser Shirley Jo
Bought by
Mcmurtrey Stephen and Mcmurtrey Jill
Seller's Agent
Brian Porter
Opt
Buyer's Agent
Dodie Jensen
Tarr Realty NW LLC.
List Price
$499,900
Sold Price
$499,900
Total Days on Market
4
Views
3
Current Estimated Value
$515,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,431
Avg. Annual Appreciation
3.87%
Original Mortgage
$299,900
Outstanding Balance
$296,959
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$218,372

Purchase Details

Closed on
Apr 17, 2000
Sold by
Susi Ventures
Bought by
Fraser John F and Fraser Shirley Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,300
Interest Rate
8.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 1996
Sold by
Carpenter Harry L
Bought by
Susi Bienvenido A and Susi Soledad M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,800
Interest Rate
8.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 1996
Sold by
Carpenter Harry L
Bought by
Metz Robert E and Metz Mary R
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $499,900 First American Title
Warranty Deed $179,000 Chicago Title
Warranty Deed $146,000 First American Title Ins Co
Interfamily Deed Transfer -- First American Title Ins Co
Deed -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $299,900 New Conventional
Previous Owner $125,300 Purchase Money Mortgage
Previous Owner $116,800 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2024 10/25/24 Sold $499,900 0.0% $160 / Sq Ft
09/16/2024 09/16/24 Pending -- -- --
09/12/2024 09/12/24 For Sale $499,900 -- $160 / 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 $5,835 $218,090 -- --
2023 $5,611 $211,740 $0 $0
2022 $5,489 $205,580 $0 $0
2021 $5,397 $199,600 $0 $0
2020 $4,951 $193,790 $0 $0
2019 $4,769 $188,150 $0 $0
2018 $4,629 $182,670 $0 $0
2017 $4,436 $177,350 $0 $0
2016 $4,060 $172,190 $0 $0
2015 $3,953 $167,180 $0 $0
2014 $3,894 $162,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24004680

Regional Multiple Listing Service (RMLS)

APN: R229072