Seller's Agent in 2023
Janet Fisher-Welsh
Coldwell Banker Bain
(503) 422-5812
1 in this area
61 Total Sales
5437 NE 40th Ave Portland, OR 97211
Concordia NeighborhoodEstimated Value: $485,000 - $613,000
3
Beds
2
Baths
1,901
Sq Ft
$298/Sq Ft
Est. Value
Highlights
- Bonus Room
- Private Yard
- Wood Frame Window
- Corner Lot
- No HOA
- 1 Car Detached Garage
About This Home
As of November 2023This Concordia home commands the corner as it sits above the street with sunny, light-filled rooms. Great bones and vintage charm welcome you into a fresh interior with new paint, carpet and fixtures. Lots of potential for a renting roommate in the basement which has a bedroom, bonus room, ½ bath, shower, sink w/counter space. The single car garage adds storage possibilities for vehicles, toys and tools. Make your mark while you build equity and live comfortably in a super location; minutes to plenty of fun places to eat, the McMenamins Kennedy School pub, New Seasons Market, and Alberta Arts all a quick bike ride away. Fernhill Park is within blocks and has a dog park, athletic track, play structures and picnic area. Very near the airport and main highways for fast commuting by car, or access public transit! Don't miss this one! [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10222648]
Last Agent to Sell the Property
Coldwell Banker Bain Brokerage Email: lakeoswegoadm@cbbain.com License #200403304 Listed on: 10/13/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,328
Year Built
- Built in 1939
Lot Details
- 3,920 Sq Ft Lot
- Corner Lot
- Private Yard
Parking
- 1 Car Detached Garage
- Driveway
- On-Street Parking
Home Design
- Bungalow
- Composition Roof
- Vinyl Siding
Interior Spaces
- 1,901 Sq Ft Home
- 2-Story Property
- Wood Burning Fireplace
- Wood Frame Window
- Family Room
- Living Room
- Dining Room
- Bonus Room
- Free-Standing Range
Flooring
- Wall to Wall Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Schools
- Vernon Elementary And Middle School
- Leodis Mcdaniel High School
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
Additional Features
- Green Certified Home
- Porch
- Property is near a bus stop
Community Details
- No Home Owners Association
- Concordia Subdivision
Listing and Financial Details
- Assessor Parcel Number R197473
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 13, 2023
Closed on
Nov 22, 2023
Sold by
Michael Schlitt And Nancy Keystone Trust
Bought by
Rauch Thomas
Seller's Agent
Janet Fisher-Welsh
Coldwell Banker Bain
Buyer's Agent
Christine Binge
Modern Realty
List Price
$479,950
Sold Price
$455,000
Premium/Discount to List
-$24,950
-5.2%
Views
60
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,395
Avg. Annual Appreciation
9.07%
Original Mortgage
$432,250
Interest Rate
7.63%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 9, 2011
Sold by
Schlitt Michael H
Bought by
Schlitt Michael and Michael Schlitt & Nancy Keystone Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,525
Interest Rate
4.77%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 1, 2005
Sold by
Keystone Nancy
Bought by
Schlitt Michael H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,150
Interest Rate
5.76%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Nov 30, 1998
Sold by
Carr Lynell A
Bought by
Casey Phillip A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 17, 1998
Sold by
Cooley Cheri D
Bought by
Casey Phillip A and Carr Lynell A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 28, 1997
Sold by
Hampton Korielle R
Bought by
Cooley Cheri D
Purchase Details
Closed on
Oct 3, 1996
Sold by
Holefield Elondia R Davis
Bought by
Cooley Cheri
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.95%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rauch Thomas | $455,000 | Chicago Title | |
| Michael Schlitt And Nancy Keystone Trust | -- | Chicago Title | |
| Schlitt Michael | -- | None Available | |
| Schlitt Michael H | -- | Pacific Nw Title | |
| Schlitt Michael H | $210,200 | Pacific Nw Title | |
| Casey Phillip A | -- | First American Title Ins Co | |
| Casey Phillip A | -- | First American Title Ins Co | |
| Cooley Cheri D | $112,095 | -- | |
| Cooley Cheri | $93,500 | Fidelity National Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rauch Thomas | $427,000 | |
| Closed | Rauch Thomas | $432,250 | |
| Previous Owner | Schlitt Michael H | $96,525 | |
| Previous Owner | Schlitt Michael H | $168,150 | |
| Previous Owner | Casey Phillip A | $115,500 | |
| Previous Owner | Cooley Cheri | $80,000 | |
| Closed | Cooley Cheri | $13,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/30/2023 11/30/23 | Sold | $455,000 | -5.2% | $239 / Sq Ft |
| 10/31/2023 10/31/23 | Pending | -- | -- | -- |
| 10/13/2023 10/13/23 | For Sale | $479,950 | -- | $252 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
Tax History Compared to Growth
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 | $4,423 | $166,930 | $0 | $0 |
| 2022 | $4,328 | $162,070 | $0 | $0 |
| 2021 | $4,254 | $157,350 | $0 | $0 |
| 2020 | $3,903 | $152,770 | $0 | $0 |
| 2019 | $3,760 | $148,330 | $0 | $0 |
| 2018 | $3,649 | $144,010 | $0 | $0 |
| 2017 | $3,497 | $139,820 | $0 | $0 |
| 2016 | $3,201 | $135,750 | $0 | $0 |
| 2015 | $3,117 | $131,800 | $0 | $0 |
| 2014 | $3,070 | $127,970 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2023
Christine Binge
Modern Realty
(586) 419-7632
1 in this area
53 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 23351780
APN: R197473
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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