NOT LISTED FOR SALE

5421 NE 42nd Ave Portland, OR 97218

Concordia Neighborhood

Estimated Value: $1,225,040

-- Bed
2 Baths
-- Sq Ft
10,019 Sq Ft Lot

Last Sold December 21, 2017

Last sale price $930,000

Est. 32% increase in value since last sale

Current estimated payment $7,047/month

46 Days on Market

About This Home

As of December 2017

Amazing opportunity to own two commercial lots in hot close-in NE location. Great buy-and-hold or development opportunity. Rare double lot with turn-key restaurant, office, home and food cart courtyard. Prime location in up-and-coming restaurant row on NE 42

Last Agent to Sell the Property

Rambo Halpern

Premiere Property Group, LLC License #200310218 Listed on: 09/05/2017

Last Buyer's Agent

Hope Beraka

Think Real Estate License #200603056

Think Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,950

Year Built

  • Built in 1953

Lot Details

  • 10,019

Parking

  • 5 Car Garage

Utilities

  • Central Air
  • Heat Pump System
  • Mini Split Heat Pump
  • Electric Water Heater

Listing and Financial Details

  • Rent includes trashcollection
  • Assessor Parcel Number R197439

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $16,660
  • Gross Income $72,475
  • Net Operating Income $55,815

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,950

Year Built

Built in 1953

Lot Details

0

Parking

5

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1953
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Lot Size: 10,000 to 14,999 SqFt
  • View: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 5.0
  • Total Parking Spaces: 5.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: HeatPump
  • Cooling Y N: Yes
  • Heating: MiniSplit
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Lot Info

  • Zoning: CG
  • Parcel #: R197439

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 13.73
  • Annual Gross Income: 72475.0
  • Property Net Operating Income: 55815.0
  • Annual Operating Expense: 16660.0

Tax Info

  • Tax Annual Amount: 2949.79

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2017
Closed on
Dec 14, 2017
Sold by
Ne 42Nd Llc
Bought by
Fynnwall Properties Llc
Seller's Agent
Rambo Halpern
Premiere Property Group, LLC
Buyer's Agent
Hope Beraka
Think Real Estate
List Price
$995,000
Sold Price
$930,000
Premium/Discount to List
-$65,000
-6.53%
Current Estimated Value
$1,225,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,040
Avg. Annual Appreciation
3.38%
Original Mortgage
$794,200
Outstanding Balance
$634,005
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
$564,644

Purchase Details

Closed on
Jan 23, 2014
Sold by
Holmberg Phillip
Bought by
Ne 42Nd Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
4.4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 18, 2014
Sold by
Wiseman Larry
Bought by
Holmberg Phillip and Holmberg Phil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
4.4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 23, 2011
Sold by
Western United Life Assurance Company
Bought by
Holmberg Phillip

Purchase Details

Closed on
Oct 19, 1999
Sold by
Holmberg Phil
Bought by
Wiseman Larry and Wiseman Annette
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
Fynnwall Properties Llc $930,000 Wfg Title
Ne 42Nd Llc $359,000 First American
Holmberg Phillip -- First American
Holmberg Phillip -- None Available
Wiseman Larry $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fynnwall Properties Llc $794,200
Previous Owner Ne 42Nd Llc $270,000
Previous Owner Holmberg Phillip $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2017 12/21/17 Sold $930,000 0.0% --
12/21/2017 12/21/17 Sold $930,000 -6.5% --
10/20/2017 10/20/17 Pending -- -- --
10/20/2017 10/20/17 Pending -- -- --
09/04/2017 09/04/17 For Sale $995,000 0.0% --
08/22/2017 08/22/17 For Sale $995,000 -- --
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 $4,077 $153,850 $0 $0
2022 $3,989 $149,370 $0 $0
2021 $3,921 $145,020 $0 $0
2020 $3,597 $140,800 $0 $0
2019 $3,465 $136,700 $0 $0
2018 $3,363 $132,720 $0 $0
2017 $322 $128,860 $0 $0
2016 $2,950 $125,110 $0 $0
2015 $2,872 $121,470 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rambo Halpern

    Seller's Agent in 2017

    Rambo Halpern

    Premiere Property Group, LLC

    (503) 473-4127

    1 in this area

    59 Total Sales

    Section Image
  • Hope Beraka

    Buyer's Agent in 2017

    Hope Beraka

    Think Real Estate

    (503) 679-9243

    2 in this area

    176 Total Sales

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 17490783

Regional Multiple Listing Service (RMLS)

APN: R197439

Oregon Multnomah County Portland 97211 Concordia

5421 NE 42nd Ave, Portland, OR

This home is located at 5421 NE 42nd Ave, Portland, OR 97218 since 05 September 2017 and is currently estimated at $1,225,040. This property was built in 1953. 5421 NE 42nd Ave 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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