Sophisticated Luxury Mediterranean in a very private, gated, half-acre just 5 minutes from NW 23rd and an easy walk to Pittock Mansion, Hoyt Arboretum trails & Washington Park. Lives like an urban estate. Beautifully designed and maintained with mostly Main level living. Exquisite kitchen with Carrera marble, Viking appliances, island with prep sink, loaded wet bar, 3 dishwashers (Meile & Fisher Paykel) Extra tall ceilings with substantial crown molding and built-ins throughout. Refinished white oak throughout the main level. Primary suite with boutique style dressing rooms & French doors that lead to a brick courtyard with fountain. The private, landscaped courtyard also connects to French doors for the open family room. 3 gas fireplaces for warmth and ambiance. Second main floor suite with access to another bricked courtyard. The lower level features 2 additional bedrooms, full bath, second laundry room and humidity & temperature controlled 500 bottle wine cellar. Stately exterior façade and paver and turf lined driveway and turnaround. Extensive outdoor lighting highlights the elegant low maintenance landscaping. This home is picture perfect. This home has been difficult to show due to an illness in the family. PLEASE DO NOT DRIVE DOWN DRIVEWAY WITHOUT AN APPOINTMENT. There is no turnaround until after the gate. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10183368]
Energy Efficiency Features: DoublePaneWindows,ForcedAir90
Fuel Description: Gas
Hot Water: Gas,Tank
Security: SecurityGate, SecuritySystemOwned
Cooling: CentralAir
Cooling Y N: Yes
Heating: ForcedAir
Heating Yn: Yes
Sewer: PublicSewer
Water Source: PublicWater
Condo/Co-op/Association
Senior Community: No
Association: No
Schools
Elementary School: Ainsworth
High School: Lincoln
Middle Or Junior School: West Sylvan
Lot Info
Land Lease: No
Lot Size Acres: 0.5
Lot Size Sq Ft: 21780.0
Parcel #: R312564
Green Features
Green Certification: Yes
Tax Info
Tax Deferral: No
Tax Year: 2023
Tax Annual Amount: 18514.91
Ownership History
DateNameOwned ForOwner Type
Jul 2024 - PresentShulman Michael and Shulman Stephanie10 Months
Private Individual
Purchase Details
Listed on
Mar 1, 2024
Closed on
Jul 1, 2024
Sold by
Kramer Ronald L and Stanford Tina M
Bought by
Shulman Michael and Shulman Stephanie
Seller's Agent
Katie Spurlock
Windermere Realty Trust
Buyer's Agent
Karina Stark
Keller Williams Realty Professionals
List Price
$1,495,000
Sold Price
$1,426,740
Premium/Discount to List
-$68,260
-4.57%
Total Days on Market
123
Views
139
Current Estimated Value
$1,438,731
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,991
Avg. Annual Appreciation
0.27%
Jun 2021 - Jul 2024Kramer Ronald L and Stanford Tina M3 Years and 1 Month
Private Individual
Purchase Details
Listed on
Apr 17, 2021
Closed on
Jun 22, 2021
Sold by
Lindholm Ryan and Budasoff Alana
Bought by
Kramer Ronald L and Stanford Tina M
Seller's Agent
Suzanne Page
John L Scott Portland SW
Buyer's Agent
Katie Spurlock
Windermere Realty Trust
List Price
$1,149,000
Sold Price
$1,150,000
Premium/Discount to List
$1,000
0.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.28%
Original Mortgage
$920,000
Interest Rate
2.12%
Mortgage Type
New Conventional
Feb 2015 - Jun 2021Lindholm Ryan and Budasoff Alana6 Years and 4 Months
Private Individual
Purchase Details
Closed on
Feb 19, 2015
Sold by
Cain Ronald G
Bought by
Lindholm Ryan and Budasoff Alana
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Interest Rate
3.66%
Mortgage Type
New Conventional
May 2003 - Feb 2015Cain Ronald G and Cain Jillian B11 Years and 9 Months
Private Individual
Purchase Details
Closed on
May 21, 2003
Sold by
Cain Ronald G
Bought by
Cain Ronald G and Cain Jillian B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Dec 1995 - May 2003Cain Ronald G7 Years and 5 Months
Private Individual
Purchase Details
Closed on
Dec 26, 1995
Sold by
Mcfarland Gertrude G
Bought by
Cain Ronald G
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Tax AssessmentTax 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.
This home is located at 554 SW 48th Dr, Portland, OR 97221 since 01 March 2024 and is currently estimated at $1,438,731, approximately $337 per square foot. This property was built in 1987. 554 SW 48th Dr is a home located in Multnomah County with nearby schools including Ainsworth Elementary School, West Sylvan Middle School, and Lincoln High School.
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