NOT LISTED FOR SALE

5507 N Boston Ave Unit 5517 Portland, OR 97217

Overlook Neighborhood

Estimated Value: $719,000 - $959,000

4 Beds
4 Baths
2,482 Sq Ft
$350/Sq Ft Est. Value

Last Sold June 16, 2023

Last sale price $925,000 $373 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $5,238/month

4 Days on Market

Highlights

  • Corner Lot
  • Window Unit Cooling System
  • Lap Siding
  • Beach Elementary School Rated A-
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of June 2023

Amazing investment opportunity! Extremely well maintained 4-plex. All units have hardwood floors, 1 bedroom, 1 bathroom, and include a full basement with each unit. Basements are additional square footage not included in listing. Beautiful grounds including a backyard. Currently garages are available for a monthly fee. Desirable neighborhood, easy walk to shops and restaurants.

Last Agent to Sell the Property

Ken Cahill

John L. Scott Portland Metro License #930400123 Listed on: 05/19/2023

John L. Scott Portland Metro

Co-Listed By

Kimberly Guzman

John L. Scott Portland Metro License #200301093

Last Buyer's Agent

Hope Beraka

Think Real Estate License #200603056

Think Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,276

Year Built

  • Built in 1944

Lot Details

  • Corner Lot
  • Level Lot

Home Design

  • Composition Roof
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,482 Sq Ft Home
  • 1-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Schools

  • Beach Elementary School
  • Ockley Green Middle School
  • Roosevelt High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 4 Units
  • Gross Income $54,000

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R168190

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,276

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1944
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement
  • Storage: Basement
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling: WindowUnit
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Beach
  • High School: Roosevelt
  • Middle Or Junior School: Ockley Green

Lot Info

  • Zoning: R
  • Parcel #: R168190

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 7275.57

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 17.59
  • Annual Gross Income: 54000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2023
Closed on
Jun 13, 2023
Sold by
4-Plex N Boston Ave Portland Or 97217 Ll
Bought by
Wellrock Llc
Seller's Agent
Ken Cahill
John L. Scott Portland Metro
Buyer's Agent
Hope Beraka
Think Real Estate
List Price
$950,000
Sold Price
$925,000
Premium/Discount to List
-$25,000
-2.63%
Views
44
Current Estimated Value
$869,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$55,168
Avg. Annual Appreciation
-1.34%

Purchase Details

Closed on
Dec 7, 2016
Sold by
Hallberg Robert and Hallberg Cathy
Bought by
4 Plex N Boston Ave Portland Or 97217 Ll

Purchase Details

Closed on
Aug 25, 1998
Sold by
Navarra Evelyn
Bought by
Hallberg Robert and Hallberg Cathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.71%
Mortgage Type
Seller Take Back
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
Wellrock Llc $925,000 Fidelity National Title Compan
4 Plex N Boston Ave Portland Or 97217 Ll -- None Available
Hallberg Robert $90,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hallberg Robert $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2023 06/16/23 Sold $925,000 -2.6% $373 / Sq Ft
05/24/2023 05/24/23 Pending -- -- --
05/19/2023 05/19/23 For Sale $950,000 -- $383 / 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 $7,734 $289,050 -- --
2023 $7,437 $280,640 $0 $0
2022 $7,276 $272,470 $0 $0
2021 $7,153 $264,540 $0 $0
2020 $6,562 $256,840 $0 $0
2019 $6,320 $249,360 $0 $0
2018 $6,134 $242,100 $0 $0
2017 $5,879 $235,050 $0 $0
2016 $5,381 $228,210 $0 $0
2015 $5,239 $221,570 $0 $0
2014 $5,160 $215,120 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ken Cahill

    Seller's Agent in 2023

    Ken Cahill

    John L. Scott Portland Metro

    (503) 665-0111

    1 in this area

    124 Total Sales

    Ken Cahill
    Section Image
  • Kimberly Guzman

    Seller Co-Listing Agent in 2023

    Kimberly Guzman

    John L. Scott Portland Metro

    (503) 489-6786

    1 in this area

    95 Total Sales

    Kimberly Guzman
    Section Image
  • Hope Beraka

    Buyer's Agent in 2023

    Hope Beraka

    Think Real Estate

    (503) 679-9243

    3 in this area

    167 Total Sales

    Hope Beraka
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23137489

Regional Multiple Listing Service (RMLS)

APN: R168190

Oregon Multnomah County Portland 97217 Overlook

5507 N Boston Ave Unit 5517, Portland, OR

This home is located at 5507 N Boston Ave Unit 5517, Portland, OR 97217 since 19 May 2023 and is currently estimated at $869,832, approximately $350 per square foot. This property was built in 1944. 5507 N Boston Ave Unit 5517 is a home located in Multnomah County with nearby schools including Beach Elementary School, Ockley Green, and Jefferson High School.

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