NOT LISTED FOR SALE

551 S Nebraska St Portland, OR 97239

South Portland Neighborhood

Estimated Value: $936,000

3 Beds
4.5 Baths
2,428 Sq Ft
$386/Sq Ft Est. Value

Last Sold February 22, 2023

Last sale price $874,950 $360 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,821/month

19 Days on Market

Highlights

  • New Construction
  • Custom Home
  • Engineered Wood Flooring
  • Capitol Hill Elementary School Rated 9+
  • Deck
  • 1-minute walk to Willamette Park

About This Home

As of February 2023

FRESH new build in the desirable Johns Landing neighborhood. This MODERN home has clean lines, a thought-out floor plan, accented by CUSTOM finishes & LUXURIOUS details. A lower-level 3rd bedroom makes for a perfect at home office, long term rental, mother-in-law suite or Airbnb. This home is conveniently located near Willamette Park & a variety of restaurants, bars and local shops all at your fingertips. It will exceed all of your expectations! Not a condo/No HOA. Finishes will vary.

Last Agent to Sell the Property

Mikayla Mason

eXp Realty, LLC License #201220612 Listed on: 01/04/2023

eXp Realty, LLC

Last Buyer's Agent

Brenda Wiest

MORE Realty License #200606380

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,601

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 2,178 Sq Ft Lot
  • Fenced

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Custom Home
  • Contemporary Architecture
  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Cement Siding

Interior Spaces

  • 2,428 Sq Ft Home
  • 3-Story Property
  • Family Room
  • Living Room
  • Dining Room

Kitchen

  • Range Hood
  • Stainless Steel Appliances
  • Kitchen Island
  • Granite Countertops
  • Quartz Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Engineered Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • In-Law or Guest Suite

Schools

  • Capitol Hill Elementary School
  • Jackson Middle School
  • Ida B Wells High School

Additional Features

  • Deck
  • Accessory Dwelling Unit (ADU)
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • South Portland Subdivision

Listing and Financial Details

  • Builder Warranty
  • Home warranty included in the sale of the property
  • Assessor Parcel Number R707476

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,601

Year Built

Built in 2022 | New Construction

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 3
  • Warranty: BuilderWarranty
  • Year Built: 2022
  • Property Condition: NewConstruction
  • New Construction Builders Required Addendums: No
  • New Construction Builders Warranty: Yes
  • New Construction C C B Type: Residential
  • New Construction Early Release Earnest Money: Yes
  • New Construction Oregon C C B Notices Attached: No
  • New Construction Permit Number: 20-210757-000-00-RS
  • Property Sub Type: Attached
  • Architectural Style: Contemporary, CustomStyle
  • New Construction: Yes
  • Property Attached Yn: Yes
  • Open House: No
  • Room 11 Features: GasAppliances,Island,Pantry,Storage
  • Special Features: NewHome

Interior Features

  • Total Bathrooms: 4.1
  • Interior Amenities: Floor3rd, EngineeredHardwood, GarageDoorOpener, HookupAvailable, SeparateLivingQuartersApartmentAuxLivingUnit, TileFloor
  • Appliances: Disposal, FreeStandingRefrigerator, GasAppliances, Granite, Island, Pantry, Quartz, RangeHood, StainlessSteelAppliance, Tile
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • BathroomsFullLowerLevel: 2
  • BathroomsFullUpperLevel: 2
  • BathroomsPartialMainLevel: 1
  • BathroomsTotalLowerLevel: 2.0
  • BathroomsTotalMainLevel: 0.1
  • BathroomsTotalUpperLevel: 2.0
  • Lot Size Range: SqFt0Kto2999
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Upper
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Upper
  • Other Room8 Area: 260
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Lower
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: CementSiding
  • Exterior Features: Deck, Fenced, GuestQuarters
  • Lot Size: 0K to 2,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Disclosures: Exempt
  • Home Warranty: Yes
  • Roof: Composition

Garage/Parking

  • Garage Type: Attached
  • Parking Description: Driveway
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Gas,Recirculating
  • Cooling: AirConditioningReady
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Capitol Hill
  • High School: Ida B Wells
  • Middle Or Junior School: Jackson

Lot Info

  • Zoning: RM1
  • Lot Size Acres: 0.05
  • Lot Size Sq Ft: 2178.0
  • Parcel #: R707476

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 2600.51

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2023
Closed on
Jan 13, 2023
Sold by
Exceptional Homes By Andre Inc
Bought by
Reynolds Wesley and Leong Patricia
Seller's Agent
Mikayla Mason
eXp Realty, LLC
Buyer's Agent
Brenda Wiest
MORE Realty
List Price
$874,950
Sold Price
$874,950
Views
39
Current Estimated Value
$936,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,050
Avg. Annual Appreciation
2.80%
Original Mortgage
$674,950
Outstanding Balance
$653,773
Interest Rate
6.33%
Mortgage Type
VA
Estimated Equity
$285,227
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
Reynolds Wesley $874,950 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reynolds Wesley $674,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2023 02/22/23 Sold $874,950 0.0% $360 / Sq Ft
01/24/2023 01/24/23 Pending -- -- --
01/04/2023 01/04/23 For Sale $874,950 -- $360 / 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 $10,010 $374,470 -- --
2023 $9,625 $363,560 $0 $0
2022 $4,031 $151,090 $0 $0
2021 $2,601 $96,279 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mikayla Mason

    Seller's Agent in 2023

    Mikayla Mason

    eXp Realty, LLC

    (503) 536-3880

    3 in this area

    44 Total Sales

    Mikayla Mason
    Section Image
  • Brenda Wiest

    Buyer's Agent in 2023

    Brenda Wiest

    MORE Realty

    (503) 333-5906

    1 in this area

    35 Total Sales

    Brenda Wiest
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23092206

Regional Multiple Listing Service (RMLS)

APN: R707476

Oregon Multnomah County Portland 97239 South Portland

551 S Nebraska St, Portland, OR

This home is located at 551 S Nebraska St, Portland, OR 97239 since 04 January 2023 and is currently estimated at $936,000, approximately $385 per square foot. This property was built in 2022. 551 S Nebraska St is a home located in Multnomah County with nearby schools including Capitol Hill Elementary School, Jackson Middle School, and Ida B. Wells-Barnett High 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.

Regional Multiple Listing Service (RMLS) 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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