NOT LISTED FOR SALE

5531 S Kelly Ave Portland, OR 97239

South Portland Neighborhood

Estimated Value: $528,000 - $599,000

3 Beds
2 Baths
1,597 Sq Ft
$349/Sq Ft Est. Value

Last Sold February 12, 2021

Last sale price $450,000 $282 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,679/month

117 Days on Market

About This Home

As of February 2021

Great opportunity to own a duplex in John's Landing Area. Vacant and ready for updates. Easy bus or bike transportation to downtown (this is SO Portland). Large back yard. Upstairs Unit has an outdoor covered Porch. No dealing with tenants to get out during updating. BONUS: No rent control since it is vacant.

Last Agent to Sell the Property

Steve Gray

John L. Scott License #941100015 Listed on: 10/02/2020

John L. Scott

Last Buyer's Agent

Natalie Rybakov

HomeSmart Realty Group License #200610196

HomeSmart Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,658

Year Built

  • Built in 1908

Lot Details

  • 5,009

Parking

  • Paved Parking

Home Design

  • Fixer Upper
  • Wood Siding
  • Unreinforced Masonry Building

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • 2-Story Property
  • Level Lot
  • Unfinished Basement

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,658

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1597
  • Stories: 2
  • Year Built: 1908
  • Property Condition: Fixer
  • Remarks Public: Great opportunity to own a duplex in John's Landing Area. Vacant and ready for updates. Easy bus or bike transportation to downtown (this is SO Portland). Large back yard. Upstairs Unit has an outdoor covered Porch. No dealing with tenants to get out during updating. BONUS: No rent control since it is vacant.
  • Unreinforced Masonry Building: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: SWEENEYS ADD, BLOCK 7, LOT 4
  • Basement: Unfinished

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Paved

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity, Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air

Schools

  • Elementary School: Capitol Hill
  • Middle School: Jackson
  • High School: Wilson

Lot Info

  • Lot Description: Level
  • Zoning: R2

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Amount: 6257.82
  • Assessor Parcel Number: R281953
  • Tax Year: 2019

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Capitol Hill
  • High School: Wilson
  • Middle School: Jackson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2024
Sold by
Pachelo Michael D
Bought by
Pachelo Michael D and Boland Terence
Current Estimated Value
$558,092

Purchase Details

Listed on
Oct 2, 2020
Closed on
Feb 11, 2021
Sold by
Mueller Michael M
Bought by
Pachelo Michael D
Seller's Agent
Steve Gray
John L. Scott
Buyer's Agent
Natalie Rybakov
HomeSmart Realty Group
List Price
$499,900
Sold Price
$450,000
Premium/Discount to List
-$49,900
-9.98%

Purchase Details

Closed on
Jun 30, 2015
Sold by
Mueller Michael M
Bought by
Mueller Michael M and Candace Mueller Osmp Bypass Trust

Purchase Details

Closed on
Nov 23, 2011
Sold by
Mueller Michael M
Bought by
Mueller Michael M and Mueller Candace
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
Pachelo Michael D -- Chicago Title
Pachelo Michael D $450,000 Ticor Title Company Of Or
Mueller Michael M -- None Available
Mueller Michael M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pachelo Michael D $461,250
Closed Pachelo Michael D $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2021 02/12/21 Sold $450,000 -10.0% $282 / Sq Ft
01/27/2021 01/27/21 Pending -- -- --
11/24/2020 11/24/20 For Sale $499,900 0.0% $313 / Sq Ft
11/15/2020 11/15/20 Pending -- -- --
10/27/2020 10/27/20 For Sale $499,900 0.0% $313 / Sq Ft
10/23/2020 10/23/20 Pending -- -- --
10/02/2020 10/02/20 For Sale $499,900 -- $313 / 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 $7,658 $286,480 -- --
2023 $7,658 $278,140 $0 $0
2022 $7,204 $270,040 $0 $0
2021 $7,082 $262,180 $0 $0
2020 $6,497 $254,550 $0 $0
2019 $6,258 $247,140 $0 $0
2018 $6,074 $239,950 $0 $0
2017 $5,822 $232,970 $0 $0
2016 $5,327 $226,190 $0 $0
2015 $5,188 $219,610 $0 $0
2014 $5,110 $213,220 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steve Gray

    Seller's Agent in 2021

    Steve Gray

    John L. Scott

    (503) 320-4311

    1 in this area

    102 Total Sales

    Steve Gray
    Section Image
  • Natalie Rybakov

    Buyer's Agent in 2021

    Natalie Rybakov

    HomeSmart Realty Group

    (503) 990-2782

    1 in this area

    174 Total Sales

    Natalie Rybakov
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20066889

Regional Multiple Listing Service (RMLS)

APN: R281953

Oregon Multnomah County Portland 97239 South Portland

5531 S Kelly Ave, Portland, OR

This home is located at 5531 S Kelly Ave, Portland, OR 97239 since 02 October 2020 and is currently estimated at $558,092, approximately $349 per square foot. This property was built in 1908. 5531 S Kelly Ave 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.

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