NOT LISTED FOR SALE

5514 NE 11th Ave Unit 5516 Portland, OR 97211

Vernon Neighborhood

Estimated Value: $543,000 - $599,000

4 Beds
2 Baths
2,808 Sq Ft
$207/Sq Ft Est. Value

Last Sold May 22, 2024

Last sale price $582,000 $207 Per Sq Ft

Current estimated payment $3,310/month

3 Days on Market

Highlights

  • Detached Garage
  • Forced Air Heating System
  • 1-Story Property
  • Vernon Elementary School Rated 9+
  • Level Lot

About This Home

As of May 2024

Adorable duplex with large units, backyard, detached garage, and mid-century accents. Low property taxes! One unit recently rehabbed. Original hardwood floors. Great neighborhood. RM2 zoning allows for development into apartments. Priced to sell!

Last Agent to Sell the Property

George McCleary

McCleary Realty License #200409141 Listed on: 04/17/2024

Last Buyer's Agent

Justin Green

MORE Realty License #201208000

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,739

Year Built

  • Built in 1952

Lot Details

  • Lot Dimensions are 50x100
  • Level Lot

Parking

  • Detached Garage

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,808 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement

Schools

  • Vernon Elementary And Middle School
  • Jefferson High School

Utilities

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

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R180448

Community Details

Overview

  • 2 Units
  • Vernon Subdivision

Building Details

  • Operating Expense $13,562
  • Gross Income $42,240
  • Net Operating Income $28,678

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,739

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1952
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Storage: Garage
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: Other
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Roof: Composition

Garage/Parking

  • Parking Description: Detached, Garage
  • Attached Garage: No

Utilities

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

Schools

  • Elementary School: Vernon
  • High School: Jefferson
  • Middle Or Junior School: Vernon

Lot Info

  • Zoning: RM2
  • Lot Size: 50x100
  • Parcel #: R180448

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 1738.59

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.35
  • Annual Gross Income: 42240.0
  • Property Net Operating Income: 28678.0
  • Annual Operating Expense: 13562.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2024
Closed on
May 19, 2024
Sold by
Mccleary George S
Bought by
Green Corey
Seller's Agent
George McCleary
McCleary Realty
Buyer's Agent
Justin Green
MORE Realty
List Price
$563,900
Sold Price
$582,000
Premium/Discount to List
$18,100
3.21%
Total Days on Market
3
Views
39
Current Estimated Value
$581,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,000
Avg. Annual Appreciation
-0.13%
Original Mortgage
$431,250
Outstanding Balance
$425,597
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$155,403

Purchase Details

Closed on
Jun 21, 2007
Sold by
Mccleary Standish
Bought by
Mre Ne 11Th Llc

Purchase Details

Closed on
May 25, 2006
Sold by
Mccleary Standish
Bought by
Mccleary George S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,875
Interest Rate
3.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 6, 2004
Sold by
Lawre Thomas
Bought by
Mccleary Standish

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,800
Interest Rate
5.56%
Mortgage Type
Purchase Money Mortgage
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
Green Corey $582,000 Chicago Title
Mre Ne 11Th Llc $181,000 None Available
Mccleary George S -- Lawyers Title Ins
Mccleary Standish $181,000 Stewart
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Green Corey $431,250
Previous Owner Mccleary George S $238,875
Previous Owner Mccleary Standish $33,520
Previous Owner Mccleary Standish $144,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2024 05/22/24 Sold $582,000 +3.2% $207 / Sq Ft
04/21/2024 04/21/24 Pending -- -- --
04/17/2024 04/17/24 For Sale $563,900 -- $201 / 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 $1,808 $67,570 -- --
2023 $1,739 $65,610 $0 $0
2022 $1,701 $63,700 $0 $0
2021 $1,672 $61,850 $0 $0
2020 $1,534 $60,050 $0 $0
2019 $1,478 $58,310 $0 $0
2018 $1,435 $56,620 $0 $0
2017 $1,375 $54,980 $0 $0
2016 $1,259 $53,380 $0 $0
2015 $1,226 $51,830 $0 $0
2014 $1,207 $50,330 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2024

    George McCleary

    McCleary Realty

    (503) 332-1610

    1 in this area

    21 Total Sales

    George McCleary
    Section Image
  • Justin Green

    Buyer's Agent in 2024

    Justin Green

    MORE Realty

    (503) 622-9083

    1 in this area

    60 Total Sales

    Justin Green
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23302956

Regional Multiple Listing Service (RMLS)

APN: R180448

Oregon Multnomah County Portland 97211 Vernon

5514 NE 11th Ave Unit 5516, Portland, OR

This home is located at 5514 NE 11th Ave Unit 5516, Portland, OR 97211 since 17 April 2024 and is currently estimated at $581,000, approximately $206 per square foot. This property was built in 1952. 5514 NE 11th Ave Unit 5516 is a home located in Multnomah County with nearby schools including Vernon Elementary School, Jefferson High School, and Leodis V. McDaniel High School.

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