NOT LISTED FOR SALE

5506 NE 38th Ave Portland, OR 97211

Concordia Neighborhood

Estimated Value: $609,957 - $721,000

4 Beds
2 Baths
3,828 Sq Ft
$178/Sq Ft Est. Value

Last Sold April 26, 2021

Last sale price $650,000 $170 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,971/month

18 Days on Market

Highlights

  • Corner Lot
  • Property is near a bus stop
  • Forced Air Heating System
  • Beaumont Middle School Rated 10

About This Home

As of April 2021

Charming Mid Century Brick Duplex with Full Basement. Beautiful hardwoods throughout. Windows, roof, gutters & downspouts all replaced in 2016. Each unit has a wood burning fireplace, 2-bedrooms, 1-bath, living & dining rm and separate washer and dryer set for each unit in basement. On-site parking. Great location; walk to Fernhill Park and Kennedy School.

Last Agent to Sell the Property

Kathleen McVicker

Kelly Right Real Estate of Portland, LLC Brokerage Phone: 503-810-0576 License #780401841 Listed on: 01/26/2021

Kelly Right Real Estate of Portland, LLC

Last Buyer's Agent

Chace Fraser

eXp Realty, LLC License #201226877

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,764

Year Built

  • Built in 1952

Lot Details

  • Corner Lot
  • Level Lot

Home Design

  • 3,828 Sq Ft Home
  • Composition Roof
  • Block Exterior

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • Open Parking
  • Off-Site Parking

Location

  • Property is near a bus stop

Schools

  • Vernon Elementary School
  • Beaumont Middle School
  • Madison High School

Utilities

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

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R296204

Community Details

Overview

  • 2 Units
  • Concordia Subdivision

Building Details

  • Operating Expense $6,676
  • Gross Income $40,500
  • Net Operating Income $33,824

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,764

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1952
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 650000.0
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement, Unfinished
  • Storage: Basement
  • Total Bedrooms: 4
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Block
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: CornerLot, Level, OnBusline
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: OffSite, Open
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Vernon
  • High School: Madison
  • Middle Or Junior School: Beaumont

Lot Info

  • Zoning: RM1
  • Parcel #: R296204

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2020
  • Tax Annual Amount: 3764.0

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 16.05
  • Annual Gross Income: 40500.0
  • Property Net Operating Income: 33824.0
  • Annual Operating Expense: 6676.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2021
Closed on
Apr 12, 2021
Sold by
Culver Amanda R
Bought by
Sky Waters
Seller's Agent
Kathleen McVicker
Kelly Right Real Estate of Portland, LLC
Buyer's Agent
Chace Fraser
eXp Realty, LLC
List Price
$650,000
Sold Price
$650,000
Current Estimated Value
$680,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,489
Avg. Annual Appreciation
0.99%
Original Mortgage
$595,237
Outstanding Balance
$536,699
Interest Rate
3.05%
Mortgage Type
FHA
Estimated Equity
$143,790

Purchase Details

Closed on
Jan 19, 2017
Sold by
Culver Amanda R
Bought by
Culver Amanda R and Sutherland Properties Llc

Purchase Details

Closed on
Oct 27, 2016
Sold by
Amberwood Cy K L
Bought by
Culver Amanda R and Sutherland Steven E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,800
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2006
Sold by
Amberwood Cy K L and Kruger Scott A
Bought by
Amberwood Cy K L and Pate Timothy E

Purchase Details

Closed on
Jul 7, 2004
Sold by
Marshall Erin K
Bought by
Ryan Olsen Development Inc

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
6.31%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 19, 2003
Sold by
Nshe Odessa Llc
Bought by
Marshall Erin K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,500
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 15, 2003
Sold by
Nshe Odessa Llc
Bought by
Amberwood Cy K L and Kruger Scott A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,500
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2003
Sold by
Ramis Timothy V and Ramis Timothy Victor
Bought by
Nshe Odessa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.97%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sky Waters $650,000 First American
Culver Amanda R -- None Available
Culver Amanda R $502,300 First American
Amberwood Cy K L -- Chicago Title Insurance Co
Ryan Olsen Development Inc $76,900 Fidelity National Title
Marshall Erin K $65,000 Chicago Title Insurance Co
Amberwood Cy K L $220,000 Chicago Title Insurance Comp
Nshe Odessa Llc $660,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sky Waters $595,237
Previous Owner Culver Amanda R $401,800
Previous Owner Ryan Olsen Development Inc $80,000
Previous Owner Marshall Erin K $45,500
Previous Owner Amberwood Cy K L $216,601
Previous Owner Nshe Odessa Llc $100,000
Closed Nshe Odessa Llc $145,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2021 04/26/21 Sold $650,000 0.0% $170 / Sq Ft
02/13/2021 02/13/21 Pending -- -- --
01/26/2021 01/26/21 For Sale $650,000 -- $170 / 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
2025 $4,744 $176,060 -- --
2024 $4,574 $170,940 -- --
2023 $4,398 $165,970 $0 $0
2022 $4,303 $161,140 $0 $0
2021 $4,230 $156,450 $0 $0
2020 $3,881 $151,900 $0 $0
2019 $3,738 $147,480 $0 $0
2018 $3,628 $143,190 $0 $0
2017 $3,477 $139,020 $0 $0
2016 $3,183 $134,980 $0 $0
2015 $3,099 $131,050 $0 $0
2014 $3,052 $127,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kathleen McVicker

    Seller's Agent in 2021

    Kathleen McVicker

    Kelly Right Real Estate of Portland, LLC

    (503) 810-0576

    1 in this area

    52 Total Sales

    Kathleen McVicker
    Section Image
  • Chace Fraser

    Buyer's Agent in 2021

    Chace Fraser

    eXp Realty, LLC

    (509) 393-9123

    2 in this area

    17 Total Sales

    Chace Fraser
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21219989

Regional Multiple Listing Service (RMLS)

APN: R296204

Oregon Multnomah County Portland 97211 Concordia

5506 NE 38th Ave, Portland, OR

Not Listed for Sale

MultiFamily

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