NOT LISTED FOR SALE

5614 NE 30th Ave Unit 5616 Portland, OR 97211

Concordia Neighborhood

Estimated Value: $571,000 - $693,000

2 Beds
2 Baths
1,645 Sq Ft
$382/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $560,000 $340 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,724/month

22 Days on Market

About This Home

As of July 2020

Well maintained and nicely upgraded duplex in great walkable location. This duplex has all new windows and doors, remodeled kitchens and baths, nice patio and off-street parking with alley access. Fully rented, this would make a solid hassle-free investment unit for years to come. Ideally located across from restaurant row on NE 30th and just a few blocks to the heart of the Alberta Arts district. Great rental history. Hurry this one will go quickly!

Last Agent to Sell the Property

Rambo Halpern

Premiere Property Group, LLC License #200310218 Listed on: 06/12/2020

Last Buyer's Agent

Maria Fitzgerald

Windermere Realty Trust License #200502012

Windermere Realty Trust

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,545

Year Built

  • Built in 1969

Lot Details

  • 5,009

Parking

  • Open Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,645 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

  • Faubion Middle School
  • Madison High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number R190356

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $4,427
  • Gross Income $36,756
  • Net Operating Income $32,329

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,545

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1969
  • Property Condition: Existing
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • High School2: Madison
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Open
  • Attached Garage: No

Utilities

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

Schools

  • High School: Jefferson
  • Middle Or Junior School: Faubion

Lot Info

  • Zoning: r2.5
  • Parcel #: R190356

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2019
  • Tax Annual Amount: 3545.36

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.64
  • Annual Gross Income: 36756.0
  • Property Net Operating Income: 32329.0
  • Annual Operating Expense: 4427.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2021
Sold by
Mestayer William Frederick and Mestayer Jacob M
Bought by
Miss Montana Llc
Current Estimated Value
$627,654

Purchase Details

Listed on
Jun 12, 2020
Closed on
Jul 29, 2020
Sold by
Wittig Richard Chilson and Wittig Veronica
Bought by
Mestayer William Frederick and Koelzer Jacob M
Seller's Agent
Rambo Halpern
Premiere Property Group, LLC
Buyer's Agent
Maria Fitzgerald
Windermere Realty Trust
List Price
$589,900
Sold Price
$560,000
Premium/Discount to List
-$29,900
-5.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.22%
Original Mortgage
$448,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2017
Sold by
Wittig Richard
Bought by
Ne 30Th Ave Llc

Purchase Details

Closed on
Jul 16, 2004
Sold by
Penton James E
Bought by
Wittig Richard and Wittig Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,700
Interest Rate
6.27%
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
Miss Montana Llc -- None Available
Mestayer William Frederick $560,000 First American Title
Wittig Richard Chilson $560,000 First American Title
Ne 30Th Ave Llc -- None Available
Wittig Richard $189,625 Ticor Title Insurance Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mestayer William Frederick $448,000
Previous Owner Wittig Richard $151,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2020 07/31/20 Sold $560,000 -2.6% $340 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
06/28/2020 06/28/20 Price Changed $575,000 -2.5% $350 / Sq Ft
06/11/2020 06/11/20 For Sale $589,900 -- $359 / 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 $4,590 $171,540 -- --
2023 $4,413 $166,550 $0 $0
2022 $4,318 $161,700 $0 $0
2021 $4,245 $156,993 $0 $0
2020 $3,681 $144,070 $0 $0
2019 $3,545 $139,880 $0 $0
2018 $3,441 $135,810 $0 $0
2017 $3,298 $131,860 $0 $0
2016 $3,018 $128,020 $0 $0
2015 $2,939 $124,300 $0 $0
2014 $2,895 $120,680 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20626657

Regional Multiple Listing Service (RMLS)

APN: R190356