NOT LISTED FOR SALE

5516 NE 48th Ave Unit 5528 Portland, OR 97218

Cully Neighborhood

Estimated Value: $921,000 - $1,303,000

8 Beds
4 Baths
7,728 Sq Ft
$143/Sq Ft Est. Value

Last Sold October 30, 2015

Last sale price $798,750 $103 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $7,105/month

15 Days on Market

About This Home

As of October 2015

Fully occupied 7 unit property with upside in rents. Large units (several are town homes) with upgraded energy efficient vinyl windows. Buyer can place a new loan on the property. Stable history of high occupancy.

Last Agent to Sell the Property

Grayson Pounder

Pounder Realty Llc License #200008193 Listed on: 08/12/2015

Last Buyer's Agent

Grayson Pounder

Pounder Realty Llc License #200008193 Listed on: 08/12/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,399

Year Built

  • Built in 1975

Lot Details

  • Level Lot

Parking

  • Open Parking

Home Design

  • Plywood Siding Panel T1-11

Interior Spaces

  • 2-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Dishwasher

Community Details

  • 7 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,399

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 7728
  • Stories: 2
  • Year Built: 1975
  • Year Built Description: Remodeled
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: JORBADE, BLOCK 1, LOT 12&13 TL 6000

Exterior Features

  • Exterior Description: T-111 Siding
  • Roof Type: Composition

Garage/Parking

  • Parking Description: Open

Utilities

  • Fuel Description: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard
  • Utilities Included: Trash Collection, Sewer, Water

Condo/Co-op/Association

  • Unit Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup

Lot Info

  • Lot Description: Level
  • Zoning: Multi

Tax Info

  • Tax Amount: 8939.95
  • Assessor Parcel Number: R194223

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 7
  • Gross Rent Multiplier: 12.87

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2015
Closed on
Oct 27, 2015
Sold by
Dancar Llc
Bought by
Glp Properties Llc
Seller's Agent
Grayson Pounder
Pounder Realty Llc
Buyer's Agent
Grayson Pounder
Pounder Realty Llc
List Price
$875,000
Sold Price
$798,750
Premium/Discount to List
-$76,250
-8.71%
Current Estimated Value
$1,107,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$308,746
Avg. Annual Appreciation
3.38%
Original Mortgage
$565,000
Outstanding Balance
$446,818
Interest Rate
3.87%
Mortgage Type
Credit Line Revolving
Estimated Equity
$660,678

Purchase Details

Closed on
Jul 20, 2006
Sold by
Krombein R Harry
Bought by
Dancar Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.76%
Mortgage Type
Unknown
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
Glp Properties Llc $798,750 Chicago Title
Dancar Llc $555,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Glp Properties Llc $565,000
Previous Owner Dancar Llc $1,000,000
Previous Owner Dancar Llc $350,000
Previous Owner Dancar Llc $112,000
Previous Owner Dancar Llc $448,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2015 10/30/15 Sold $798,750 -8.7% $103 / Sq Ft
08/27/2015 08/27/15 Pending -- -- --
08/12/2015 08/12/15 For Sale $875,000 -- $113 / 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 $13,399 $500,790 -- --
2023 $12,884 $486,210 $0 $0
2022 $12,605 $472,050 $0 $0
2021 $12,392 $458,310 $0 $0
2020 $11,368 $444,970 $0 $0
2019 $10,950 $432,010 $0 $0
2018 $10,628 $419,430 $0 $0
2017 $10,186 $407,220 $0 $0
2016 $9,322 $395,360 $0 $0
2015 $9,077 $383,850 $0 $0
2014 $8,940 $372,670 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2015

    Grayson Pounder

    Pounder Realty Llc

See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 15304896

Regional Multiple Listing Service (RMLS)

APN: R194223

Oregon Multnomah County Portland 97218 Cully

5516 NE 48th Ave Unit 5528, Portland, OR

This home is located at 5516 NE 48th Ave Unit 5528, Portland, OR 97218 since 12 August 2015 and is currently estimated at $1,107,496, approximately $143 per square foot. This property was built in 1975. 5516 NE 48th Ave Unit 5528 is a home located in Multnomah County with nearby schools including Rigler Elementary School, Beaumont Middle School, and Leodis V. McDaniel High School.

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