NOT LISTED FOR SALE

5625-5629 SE Powell Blvd Portland, OR 97206

South Tabor Neighborhood

Estimated Value: $565,000 - $728,000

8 Beds
3 Baths
3,610 Sq Ft
$181/Sq Ft Est. Value

Last Sold March 27, 2024

Last sale price $660,000 $183 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,032/month

10 Days on Market

Highlights

  • Corner Lot
  • ENERGY STAR Qualified Air Conditioning
  • 2 Car Garage
  • Atkinson Elementary School Rated 10
  • 95% Forced Air Zoned Heating and Cooling System

About This Home

As of March 2024

Nestled between the vibrant neighborhoods of South Tabor and Foster Powell, this striking duplex at 5625/5629 SE Powell Blvd shines as a true gem, showcasing a seamless fusion of preserved heritage and modern updates. Unit 5625 boasts a fully permitted basement remodel by ARCIFORM, marrying modern design with historical elements through Venetian plaster walls, reclaimed lumber in the bedroom, and a private full bathroom adorned with Ann Sacks tile. Both units radiate warmth and character, featuring refinished original hardwood floors and fireplaces that enhance their cozy ambiance. The primary bedrooms on the top floor are spacious sanctuaries, each offering 400 sq. ft. of space, tall ceilings, original wood paneling, American Clay plaster stairwells, and skylights that invite additional natural light. Each unit has ample storage and modern conveniences, such as 95% efficient furnaces with AC and updated double-hung, wood-framed Marvin windows.The property's exterior boasts well-landscaped grounds with PNW native plants and fruit trees and a large, thoughtfully designed backyard featuring a secluded garden, perfect for relaxation or hosting gatherings.Ample off-street parking is available in the driveway, along with a detached garage. Each unit includes its own washer, dryer, gas range, and refrigerator. The detached garage and basement offer ample storage, a workshop, or entertainment space. The location is ideal, within walking distance to Mt. Tabor and the vibrant bars and restaurants of Foster Powell (FOPO) and Division, making it a coveted spot for those seeking a blend of urban accessibility and residential tranquility. SHOWING 5625 UNIT ONLY. PLEASE DO NOT DISTURB THE TENANT IN THE OTHER UNIT.

Last Agent to Sell the Property

Jessie Moore

Proud Realty LLC License #201241584 Listed on: 02/01/2024

Last Buyer's Agent

Benjamin Ficker

Keller Williams Sunset Corridor License #200412166

Keller Williams Sunset Corridor

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,457

Year Built

  • Built in 1941 | Remodeled

Lot Details

  • Corner Lot

Parking

  • 2 Car Garage

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,610 Sq Ft Home
  • 3-Story Property
  • Partially Finished Basement
  • Basement Storage

Schools

  • Atkinson Elementary School
  • Mt Tabor Middle School
  • Franklin High School

Utilities

  • ENERGY STAR Qualified Air Conditioning
  • 95% Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R166511

Community Details

Overview

  • 2 Units
  • South Tabor Subdivision

Building Details

  • Operating Expense $41,820
  • Gross Income $47,400
  • Net Operating Income $10,618

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,457

Year Built

Built in 1941 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1941
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: PartiallyFinished, StorageSpace, Unfinished
  • Storage: Basement,Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Aluminum
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage, Paved
  • Attached Garage: No
  • Total Parking Spaces: 2.0

Utilities

  • Energy Efficiency Features: EnergyStarAirConditioning,ForcedAir95Plus
  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling: EnergyStarAirConditioning
  • Cooling Y N: Yes
  • Heating: ForcedAir95Plus
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: CentralAir

Schools

  • Elementary School: Atkinson
  • High School: Franklin
  • Middle Or Junior School: Mt Tabor

Lot Info

  • Zoning: RM2
  • Parcel #: R166511

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 6456.94

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.71
  • Annual Gross Income: 47400.0
  • Property Net Operating Income: 10618.0
  • Annual Operating Expense: 41820.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Mar 27, 2024
Sold by
Abouhaider Riad and Abou-Haidar Riad
Bought by
Riad Abouhaider Living Trust and Abouhaider
Seller's Agent
Jessie Moore
Proud Realty LLC
Buyer's Agent
Benjamin Ficker
Keller Williams Sunset Corridor
List Price
$650,000
Sold Price
$660,000
Premium/Discount to List
$10,000
1.54%
Views
22
Current Estimated Value
$654,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,157
Avg. Annual Appreciation
-0.51%
Original Mortgage
$460,000
Outstanding Balance
$452,548
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$202,295

Purchase Details

Listed on
Feb 1, 2024
Closed on
Mar 26, 2024
Sold by
Sherman Ulysses D and Sherman Narda M
Bought by
Ulysses D Sherman Revocable Trust and Narda M Sherman Revocable Trust
Seller's Agent
Jessie Moore
Proud Realty LLC
Buyer's Agent
Benjamin Ficker
Keller Williams Sunset Corridor
List Price
$650,000
Sold Price
$660,000
Premium/Discount to List
$10,000
1.54%
Views
22

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Outstanding Balance
$452,548
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$202,295

Purchase Details

Listed on
Feb 1, 2024
Closed on
Mar 20, 2024
Sold by
Argonaut Group Llc
Bought by
Jade Apartments Llc
Seller's Agent
Jessie Moore
Proud Realty LLC
Buyer's Agent
Benjamin Ficker
Keller Williams Sunset Corridor
List Price
$650,000
Sold Price
$660,000
Premium/Discount to List
$10,000
1.54%
Views
22

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Outstanding Balance
$452,548
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$202,295

Purchase Details

Listed on
Feb 1, 2024
Closed on
Mar 15, 2024
Sold by
Campbell & Plemmons Investments Llc
Bought by
Reid Daniel Harvey
Seller's Agent
Jessie Moore
Proud Realty LLC
Buyer's Agent
Benjamin Ficker
Keller Williams Sunset Corridor
List Price
$650,000
Sold Price
$660,000
Premium/Discount to List
$10,000
1.54%
Views
22

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Outstanding Balance
$452,548
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$202,295

Purchase Details

Closed on
Apr 26, 2013
Sold by
Plemmons C Noel
Bought by
Campbell & Plemmons Investments Llc

Purchase Details

Closed on
Feb 10, 2010
Sold by
Plemmons C Noel
Bought by
Plemmons C Noel and Campbell Gray F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,992
Interest Rate
5.02%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 26, 2008
Sold by
Plemmons C Noel
Bought by
Plemmons C Noel and Oconnor John M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,500
Interest Rate
6.07%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 27, 2004
Sold by
Shin Young Hee
Bought by
Plemmons C Noel and Oconnor John M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
5.87%
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
Riad Abouhaider Living Trust -- None Listed On Document
Rosemary Elizabeth Barnard Revocable Living T -- None Listed On Document
Ulysses D Sherman Revocable Trust -- None Listed On Document
Jade Apartments Llc $1,000,000 First American Title
Reid Daniel Harvey $660,000 Lawyers Title
Campbell & Plemmons Investments Llc -- None Available
Plemmons C Noel $38,598 Ticor Title Insurance
Plemmons C Noel -- Chicago Title
Plemmons C Noel $232,500 Ticor Title Insurance Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reid Daniel Harvey $460,000
Previous Owner Plemmons C Noel $266,992
Previous Owner Plemmons C Noel $241,500
Previous Owner Plemmons C Noel $186,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2024 03/27/24 Sold $660,000 +1.5% $183 / Sq Ft
02/12/2024 02/12/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $650,000 -- $180 / 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 $6,715 $250,980 -- --
2023 $6,457 $243,670 $0 $0
2022 $6,317 $236,580 $0 $0
2021 $6,210 $229,690 $0 $0
2020 $5,697 $223,000 $0 $0
2019 $5,488 $216,510 $0 $0
2018 $5,326 $210,210 $0 $0
2017 $5,105 $197,700 $0 $0
2016 $4,526 $191,950 $0 $0
2015 $4,407 $186,360 $0 $0
2014 $4,341 $180,940 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24003603

Regional Multiple Listing Service (RMLS)

APN: R166511