NOT LISTED FOR SALE

5417 N Montana Ave Unit 5421 Portland, OR 97217

Humboldt Neighborhood

Estimated Value: $524,000 - $894,916

9 Beds
5 Baths
3,890 Sq Ft
$201/Sq Ft Est. Value

Last Sold August 26, 2021

Last sale price $945,500 $243 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $4,672/month

132 Days on Market

Highlights

  • High Speed Internet
  • 2-minute walk to N Killingsworth
  • Wood Siding
  • Beach Elementary School Rated A-
  • Level Lot
  • 3-minute walk to Patton Square Park

About This Home

As of August 2021

Fantastic investor income opportunity! This is a very well maintained multifamily 5-unit property in a great location. 5407 N Montana is a detached 2 bdrm/1ba home, 5411 & 5413 are two 2bdrm/1ba attached homes, and 5417 & 5421 is a detached duplex: 2bdrms/1ba on the main level with a 1bdr/1ba unit above. 5417 was built in 1909 and the other units were added in 2005. Shared laundry & bike storage. Walk score: 92, Bike score: 95, & many public transportation options nearby.

Last Agent to Sell the Property

Karen Brunke

John L. Scott Portland Central License #201203284 Listed on: 03/25/2021

John L. Scott Portland Central

Last Buyer's Agent

Douglas Landers

John L. Scott Portland Central License #200903041

John L. Scott Portland Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,316

Year Built

  • Built in 1909

Lot Details

  • 5,009

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation

Kitchen

  • Range
  • Dishwasher

Utilities

  • Electric Water Heater
  • High Speed Internet

Additional Features

  • Crawl Space
  • Level Lot

Community Details

  • 5 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water, ground maintenance

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,316

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3890
  • Year Built: 1909
  • Property Condition: Converted
  • Remarks Public: Fantastic investor income opportunity! This is a very well maintained multifamily 5-unit property in a great location. 5407 N Montana is a detached 2 bdrm/1ba home, 5411 & 5413 are two 2bdrm/1ba attached homes, and 5417 & 5421 is a detached duplex: 2bdrms/1ba on the main level with a 1bdr/1ba unit above. 5417 was built in 1909 and the other units were added in 2005. Shared laundry & bike storage. Walk score: 92, Bike score: 95, & many public transportation options nearby.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: M PATTONS & SUB, SUB TRACT C, BLOCK 2, LOT 4
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Cement Siding, Wood Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Parking Description: None

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Zoned
  • Internet Service Type: Cable
  • Security: None

Condo/Co-op/Association

  • Common Amenities: Laundry
  • Unit Features: Dishwasher, Range, Refrigerator, Window Coverings

Schools

  • Elementary School: Beach
  • Middle School: Ockley Green
  • High School: Jefferson
  • School High2: Roosevelt

Lot Info

  • Lot Description: Level
  • Zoning: EX

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water, Maintenance Grounds

Tax Info

  • Tax Amount: 5572.58
  • Assessor Parcel Number: R210653
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2, 3, 4, 5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 13.67

MLS Schools

  • Elementary School: Beach
  • High School: Jefferson
  • Middle School: Ockley Green

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2021
Closed on
Aug 26, 2021
Sold by
West Ack Llc
Bought by
Lam Teresa
Seller's Agent
Karen Brunke
John L. Scott Portland Central
Buyer's Agent
Douglas Landers
John L. Scott Portland Central
List Price
$1,189,000
Sold Price
$945,500
Premium/Discount to List
-$243,500
-20.48%
Total Days on Market
132
Current Estimated Value
$781,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$164,271
Avg. Annual Appreciation
-4.53%

Purchase Details

Closed on
Feb 3, 2004
Sold by
Shuksan Group Inc
Bought by
West Ack Llc

Purchase Details

Closed on
Aug 21, 2003
Sold by
Beasley Adrian R
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 8, 2001
Sold by
Beasley Adrian R
Bought by
Beasley Adrian R

Purchase Details

Closed on
Sep 28, 1999
Sold by
Wirta Stanton A
Bought by
Beasley Adrian R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,800
Interest Rate
9.62%
Mortgage Type
Stand Alone Second
Source: Public Records

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Range of Values:

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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
Lam Teresa $945,500 Chicago Title
West Ack Llc $99,000 Fidelity Natl Title Co Of Or
Federal National Mortgage Association $237,503 Fidelity National Title Co
Beasley Adrian R -- Transnation Title Insurance
Beasley Adrian R $76,000 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner West Ack Llc $323,000
Previous Owner Beasley Adrian R $60,800
Closed Beasley Adrian R $15,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2021 08/26/21 Sold $945,500 -5.0% $243 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
08/02/2021 08/02/21 Price Changed $995,000 -11.9% $256 / Sq Ft
06/08/2021 06/08/21 Price Changed $1,130,000 -5.0% $290 / Sq Ft
03/25/2021 03/25/21 For Sale $1,189,000 -- $306 / 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
2023 $6,316 $238,350 $0 $0
2022 $6,179 $231,410 $0 $0
2021 $6,075 $224,670 $0 $0
2020 $5,573 $218,130 $0 $0
2019 $5,368 $211,780 $0 $0
2018 $5,210 $205,620 $0 $0
2017 $4,994 $199,640 $0 $0
2016 $4,570 $193,830 $0 $0
2015 $4,450 $188,190 $0 $0
2014 $4,383 $182,710 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21155348

Regional Multiple Listing Service (RMLS)

APN: R210653