NOT LISTED FOR SALE

5573 SW Multnomah Blvd Unit 5575 Portland, OR 97219

Maplewood Neighborhood

Estimated Value: $491,000 - $668,000

2 Beds
2 Baths
1,168 Sq Ft
$518/Sq Ft Est. Value

Last Sold August 20, 2020

Last sale price $502,000 $430 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,910/month

112 Days on Market

Highlights

  • View of Trees or Woods
  • Attached Garage
  • Guest Parking
  • Maplewood Elementary School Rated 10
  • Cooling Available
  • Wood Siding

About This Home

As of August 2020

Fantastic Maplewood duplex close to Multnomah Village & downtown Portland! Featuring granite countertops, updated bathrooms, a/c & heat, laminate floors, 1-car garage per unit, & large bedrooms/closets. 5575 has stainless appliances, yard & garage entry. Live on 1 side & rent the other! Opportunity to own your own "treehouse" w/ easy access to freeways, restaurants, shopping & transportation.

Last Agent to Sell the Property

Kristina Horning

Premiere Property Group, LLC License #201208749 Listed on: 02/24/2020

Premiere Property Group, LLC

Last Buyer's Agent

Claire Paris

Paris Group Realty LLC License #200309285

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,516

Year Built

  • Built in 1980 | Remodeled

Lot Details

  • 2,004

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Views of Woods
  • Crawl Space

Parking

  • Attached Garage
  • Guest Parking

Schools

  • Maplewood Elementary School
  • Jackson Middle School
  • Wilson High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R179550

Community Details

Overview

  • 2 Units
  • Multnomah Village Area Subdivision

Amenities

  • Common Area

Building Details

  • Operating Expense $17,997
  • Gross Income $45,000
  • Net Operating Income $27,003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,516

Year Built

Built in 1980 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1980
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Lot Size Range: SqFt0Kto2999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 0K to 2,999 SqFt
  • View: Yes
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: TreesWoods

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: HeatPump
  • Cooling Y N: Yes
  • Heating: HeatPump
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Commons

Schools

  • Elementary School: Maplewood
  • High School: Wilson
  • Middle Or Junior School: Jackson

Lot Info

  • Zoning: R7
  • Parcel #: R179550

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2018
  • Tax Annual Amount: 5516.28

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 10.78
  • Annual Gross Income: 45000.0
  • Property Net Operating Income: 27003.0
  • Annual Operating Expense: 17997.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2020
Closed on
Aug 13, 2020
Sold by
Horning Kristina
Bought by
Punsoni Andrew
Seller's Agent
Kristina Horning
Premiere Property Group, LLC
Buyer's Agent
Claire Paris
Paris Group Realty LLC
List Price
$515,000
Sold Price
$502,000
Premium/Discount to List
-$13,000
-2.52%
Current Estimated Value
$605,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,317
Avg. Annual Appreciation
3.72%
Original Mortgage
$492,907
Outstanding Balance
$437,243
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$168,074

Purchase Details

Closed on
Aug 27, 2009
Sold by
Perre Mary E
Bought by
Horning Kristina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
3.71%
Mortgage Type
New Conventional
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
Punsoni Andrew $502,000 Lawyers Title
Horning Kristina $363,750 Chicago Title Company Of Or
Sprecher Laurence R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Punsoni Andrew $492,907
Previous Owner Horning Kristina $235,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2020 08/20/20 Sold $502,000 +3.5% $430 / Sq Ft
06/12/2020 06/12/20 Pending -- -- --
05/19/2020 05/19/20 Price Changed $485,000 -3.0% $415 / Sq Ft
04/02/2020 04/02/20 Price Changed $500,000 -2.9% $428 / Sq Ft
02/21/2020 02/21/20 For Sale $515,000 -- $441 / 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 $8,414 $314,780 -- --
2023 $8,091 $305,620 $0 $0
2022 $7,916 $296,720 $0 $0
2021 $7,633 $288,080 $0 $0
2020 $5,809 $279,690 $0 $0
2019 $5,735 $271,550 $0 $0
2018 $5,516 $263,650 $0 $0
2017 $5,399 $255,980 $0 $0
2016 $4,741 $248,530 $0 $0
2015 $4,202 $241,300 $0 $0
2014 $4,390 $234,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kristina Horning

    Seller's Agent in 2020

    Kristina Horning

    Premiere Property Group, LLC

    (503) 523-8556

    148 Total Sales

    Kristina Horning
    Section Image
  • Claire Paris

    Buyer's Agent in 2020

    Claire Paris

    Paris Group Realty LLC

    (503) 998-4878

    1 in this area

    520 Total Sales

    Claire Paris
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20131626

Regional Multiple Listing Service (RMLS)

APN: R179550

Oregon Multnomah County Portland 97219 Maplewood

5573 SW Multnomah Blvd Unit 5575, Portland, OR

This home is located at 5573 SW Multnomah Blvd Unit 5575, Portland, OR 97219 since 24 February 2020 and is currently estimated at $605,317, approximately $518 per square foot. This property was built in 1980. 5573 SW Multnomah Blvd Unit 5575 is a home located in Multnomah County with nearby schools including Maplewood Elementary School, Jackson Middle School, and Ida B. Wells-Barnett High School.

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