NOT LISTED FOR SALE

5450 SE 87th Ave Portland, OR 97266

Lents Neighborhood

Estimated Value: $502,000 - $545,264

5 Beds
4 Baths
2,049 Sq Ft
$255/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $530,000 $259 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,359/month

34 Days on Market

Highlights

  • Outdoor Fireplace
  • Open Floorplan
  • No HOA
  • High Ceiling
  • Granite Countertops
  • Covered Patio or Porch

About This Home

As of May 2021

Gorgeous renovated home with income generating permitted ADU and BRAND NEW ROOF!. This contemporary home features 4 Large bedrooms and 3 full baths in the main house,1 bed,1 bath in the ADU for a total of 5 beds and 4 full baths. Open floor plan equipped with modern kitchen in both units. Tons of natural light, high ceilings in upstairs bedrooms & ADU, covered patio and private yard. Walkable to restaurants & park.Easy access to downtown Portland.Owner is a licensed Oregon real estate broker.

Last Agent to Sell the Property

Lade Lamina

Metro West Realty License #201229031 Listed on: 03/18/2021

Last Buyer's Agent

Jacquelyn Krogman

Urban Nest Realty License #201225331

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,242

Year Built

  • Built in 1983 | Remodeled

Lot Details

  • 5,227 Sq Ft Lot
  • Poultry Coop
  • Fenced
  • Level Lot
  • Garden

Home Design

  • Slab Foundation
  • Shingle Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,049 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Vinyl Clad Windows
  • Family Room
  • Open Floorplan
  • Living Room
  • Dining Room
  • Crawl Space
  • Security Lights

Kitchen

  • Free-Standing Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Tile Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • In-Law or Guest Suite
  • Dual Flush Toilets

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • Converted Garage
  • Driveway
  • On-Street Parking
  • Controlled Entrance

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Fireplace
  • Shed

Additional Homes

  • Accessory Dwelling Unit (ADU)

Schools

  • Lent Elementary And Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Mini Split Heat Pump
  • Electric Water Heater
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Lents Subdivision

Listing and Financial Details

  • Exclusions: Keypad lock on ADU
  • Assessor Parcel Number R252815

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,242

Year Built

Built in 1983 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 2
  • Year Built: 1983
  • Property Condition: UpdatedRemodeled
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories2
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • PublicRemarksAmenities: Heating and Cooling is through efficient Mini Split
  • Room 11 Features: FamilyRoomKitchenCombo
  • Room 12 Features: BeamedCeilings
  • Room 13 Features: Bathroom,CeilingFan
  • Room 7 Features: CeilingFan
  • Room 8 Features: BeamedCeilings,CeilingFan
  • Room 9 Features: KitchenDiningRoomCombo
  • Special Features: None

Interior Features

  • Total Bathrooms: 4.0
  • Interior Amenities: DualFlushToilet, Granite, HighCeilings, HighSpeedInternet, LaminateFlooring, Laundry, TileFloor, WasherDryer
  • Room 4 Description: _4thBedroom
  • Room 4 Features: BeamedCeilings,CeilingFan
  • Room 4 Level: Upper
  • Room 5 Description: GuestQuarters
  • Room 5 Features: Bathroom,CeilingFan
  • Room 5 Level: Main
  • Basement: CrawlSpace
  • Window Features: VinylFrames
  • Appliances: Dishwasher, FreeStandingRange, FreeStandingRefrigerator, Granite, Microwave, PlumbedForIceMaker, StainlessSteelAppliance, Tile
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Main Level Full Bathrooms: 3
  • BathroomsFullUpperLevel: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 3.0
  • BathroomsTotalUpperLevel: 1.0
  • Lot Size Range: SqFt5000to6999
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Fourth Bedroom Area: 340
  • Fifth Bedroom Area: 320
  • Bedroom 7 Area: 144
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Other Room8 Area: 221
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Upper
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: WoodSiding
  • Exterior Features: AuxiliaryDwellingUnit, CoveredPatio, Fenced, Garden, OutdoorFireplace, Patio, PoultryCoop, SecurityLights, ToolShed
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter, Slab
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Exclusions: Keypad lock on ADU
  • Home Warranty: No
  • Roof: Shingle

Garage/Parking

  • Garage Type: Converted
  • Parking Description: Driveway, OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Wireless
  • Security: Entry, SecurityLights
  • Cooling: Other
  • Cooling Y N: No
  • Heating: MiniSplit
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Lent
  • High School: Franklin
  • Middle Or Junior School: Lent

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R252815

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2020
  • Tax Annual Amount: 5242.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2021
Closed on
May 20, 2021
Sold by
Lamina Ololade and Karnitz Lauren
Bought by
Giles Michael Brandon
Seller's Agent
Lade Lamina
Metro West Realty
Buyer's Agent
Jacquelyn Krogman
Urban Nest Realty
List Price
$595,000
Sold Price
$530,000
Premium/Discount to List
-$65,000
-10.92%
Current Estimated Value
$522,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,934
Avg. Annual Appreciation
-0.34%
Original Mortgage
$430,000
Outstanding Balance
$389,687
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$132,379

Purchase Details

Closed on
Oct 5, 2016
Sold by
Medina Celeste
Bought by
Lamina Ololade and Karnitz Lauren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2008
Sold by
Muller Francisco
Bought by
Medina Celeste and Muller Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,200
Interest Rate
6.43%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 18, 2007
Sold by
Muller Francisco
Bought by
Muller Francisco and Mcgahee Mandi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,200
Interest Rate
6.16%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 22, 2003
Sold by
Muller Bruce E
Bought by
Muller Francisco and Muller Leona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,651
Interest Rate
6.3%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Giles Michael Brandon $530,000 Wfg Title
Lamina Ololade $280,000 First American
Medina Celeste -- Fidelity Natl Title Co Of Or
Muller Francisco -- Pacific Nw Title
Muller Francisco $152,000 Ticor Title Insurance Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Giles Michael Brandon $430,000
Previous Owner Lamina Ololade $266,000
Previous Owner Medina Celeste $244,200
Previous Owner Muller Francisco $207,200
Previous Owner Muller Francisco $149,651
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2021 05/21/21 Sold $530,000 -3.6% $259 / Sq Ft
04/20/2021 04/20/21 Pending -- -- --
04/14/2021 04/14/21 Price Changed $549,999 -5.2% $268 / Sq Ft
03/25/2021 03/25/21 Price Changed $579,999 -2.5% $283 / Sq Ft
03/17/2021 03/17/21 For Sale $595,000 -- $290 / 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 $6,960 $260,120 -- --
2023 $6,692 $252,550 $0 $0
2022 $6,547 $245,190 $0 $0
2021 $5,714 $211,340 $0 $0
2020 $5,242 $205,190 $0 $0
2019 $5,049 $199,216 $0 $0
2018 $4,197 $165,630 $0 $0
2017 $4,022 $160,810 $0 $0
2016 $3,681 $156,130 $0 $0
2015 $3,251 $151,590 $0 $0
2014 $2,704 $147,180 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lade Lamina

    Seller's Agent in 2021

    Lade Lamina

    Metro West Realty

    (971) 279-6760

    1 in this area

    5 Total Sales

    Lade Lamina
    Section Image
  • Jacquelyn Krogman

    Buyer's Agent in 2021

    Jacquelyn Krogman

    Urban Nest Realty

    (971) 563-5925

    2 in this area

    26 Total Sales

    Jacquelyn Krogman
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21351318

Regional Multiple Listing Service (RMLS)

APN: R252815

Oregon Multnomah County Portland 97266 Lents

5450 SE 87th Ave, Portland, OR

This home is located at 5450 SE 87th Ave, Portland, OR 97266 since 18 March 2021 and is currently estimated at $522,066, approximately $254 per square foot. This property was built in 1983. 5450 SE 87th Ave is a home located in Multnomah County with nearby schools including Lent K-5, Franklin High School, and Sunstone Montessori School.

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.

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