$468,000
$47K PRICE DROP

5991 N Michigan Ave Unit 1 Portland, OR 97217

Humboldt Neighborhood

Estimated payment $3,120/month

Total Views 5,657
3 Beds
2.5 Baths
1,403 Sq Ft
$334 Price per Sq Ft

Highlights

  • City View
  • Contemporary Architecture
  • Engineered Wood Flooring
  • Chief Joseph Elementary School Rated 9+
  • Vaulted Ceiling
  • Loft

About This Home

Come see this like new, move in ready condo conveniently located right by Peninsula Park, recently reduced by 20K! No need to worry about value, this larger-than-life condo has passed appraisal and has all the modern amenities for easy low maintenance living. Investors will appreciate this layout. The third level has a secluded primary en-suite while the second floor has two bedrooms, a full bathroom, and an easy access stackable washer/dryer. You are walking distance to some of Portland’s most desirable neighborhoods including the Alberta Arts District, N Williams Corridor, and N Mississippi Ave. Other nearby favorites include Victoria, Prost, and Broder Nord. There's an abundance of coffee shops, boutiques, and grocery stores just a short walk away. Easy access to I-5 plus ample street parking. Additional perks include the small and well managed HOA and tight knit community of neighbors. Come and see this turn key home today!

Listing Agent

Esmeralda Callahan

Cascade Hasson Sotheby's International Realty License #201226438 Listed on: 04/15/2025

Cascade Hasson Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,290

Year Built

  • Built in 2020

Lot Details

  • Fenced
  • Landscaped

HOA Fees

  • $66 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Cement Siding
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 1,403 Sq Ft Home
  • 3-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Family Room
  • Living Room
  • Dining Room
  • Loft
  • City Views
  • Crawl Space
  • Security System Leased

Kitchen

  • Free-Standing Gas Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Quartz Countertops

Flooring

  • Engineered Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in unit
  • Washer and Dryer

Parking

  • No Garage
  • On-Street Parking

Schools

  • Chief Joseph Elementary School
  • Ockley Green Middle School
  • Jefferson High School

Utilities

  • Mini Split Air Conditioners
  • Heat Pump System
  • Tankless Water Heater
  • Municipal Trash
  • High Speed Internet

Additional Features

  • Porch
  • Ground Level

Community Details

  • 6 Units
  • Michigan Place Association, Phone Number (503) 255-8795
  • N Ainsworth & N Michigan Subdivision

Listing and Financial Details

  • Assessor Parcel Number R703031

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,290

Year Built

Built in 2020

Lot Details

0

HOA Fees

$66 per month

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: Residential
  • Stories: 3
  • Year Built: 2020
  • Property Condition: Resale
  • Property Sub Type: Condominium
  • Architectural Style: NWContemporary
  • New Construction: No
  • Property Attached Yn: No
  • CondominiumConciergeYN: No
  • CondominiumDeckAvailYN: No
  • CondominiumElevatorYN: No
  • CondominiumStorageAvailYN: No
  • CondominiumUnitsInComplex: 6
  • CondominiumWasherDryer: IncludedInUnit
  • CondominiumYardYN: No
  • Open House: Yes
  • Room 11 Features: Dishwasher,Microwave
  • Room 12 Features: Bathroom
  • CondominiumTotalLevels: 1
  • Unit Floor Number: 1
  • Special Features: VirtualTour

Interior Features

  • Total Bathrooms: 2.1
  • Interior Amenities: Floor3rd, CeilingFan, EngineeredHardwood, HighCeilings, HighSpeedInternet, Quartz, VaultedCeiling, WalltoWallCarpet, WasherDryer
  • Room 4 Description: Loft
  • Room 4 Level: Upper
  • Basement: CrawlSpace
  • Window Features: DoublePaneWindows
  • Appliances: Dishwasher, FreeStandingGasRange, Microwave, Quartz, StainlessSteelAppliance
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 1
  • Association Contact: Allen Warner
  • BathroomsFullUpperLevel: 2
  • BathroomsPartialMainLevel: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 0.1
  • BathroomsTotalUpperLevel: 2.0
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Upper
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Upper
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Upper
  • Room 9 Description: DiningRoom

Exterior Features

  • Exterior Description: Cedar,CementSiding
  • Exterior Features: Fenced, Porch
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Concrete, Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition
  • View: City

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No
  • AssociationParkingSpaceOwnedYN: No
  • CondominiumGarageType: None
  • CondominiumParkingTandemYN: No

Utilities

  • Energy Efficiency Features: DoublePaneWindows,HeatPump,InsulationandCeilingInsulation,MiniSplit,Tankless
  • Fuel Description: Electricity
  • Hot Water: Tankless
  • Internet Service Type: DSL
  • Security: SecuritySystemLeased
  • Cooling: HeatPump, MiniSplit
  • Cooling Y N: Yes
  • Heating: HeatPump
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Unit Location: GroundFloor
  • Association Amenities: AllLandscaping, Insurance, Trash
  • Senior Community: No
  • Association Fee: 66.0
  • Association Fee Frequency: Monthly
  • Association Name: MICHIGAN PLACE CONDOMINIUMS UNIT OWNERS ASSOCIATIO
  • Phone: 503-255-8795
  • Association: Yes
  • Association Email: allen@warrenallen.com

Association/Amenities

  • AssociationAddress: 10535 NE GLISAN STREET SUITE 200, Portland OR 97220
  • AssociationPendingLitigationYN: No
  • AssociationStatus: Active
  • CondominiumAssociationContact: WARNER E. ALLEN
  • CondominiumAssociationEmail: allen@warrenallen.com
  • CondominiumAssociationName: Michigan Place
  • CondominiumAssociationPhone: 503-255-8795
  • CondominiumAssociationURLYN: Yes

Schools

  • Elementary School: Chief Joseph
  • High School: Jefferson
  • Middle Or Junior School: Ockley Green

Lot Info

  • Farm: No
  • Land Lease: No
  • Parcel #: R703031

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 6289.93

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $6,290 $235,090 -- $235,090
2023 $6,290 $228,250 $0 $228,250
2022 $5,917 $221,610 $0 $0
2021 $5,817 $215,162 $0 $0
2020 $4,888 $191,351 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2025 09/02/25 Price Changed $468,000 -5.4% $334 / Sq Ft
07/31/2025 07/31/25 For Sale $494,500 0.0% $352 / Sq Ft
07/16/2025 07/16/25 Pending -- -- --
06/28/2025 06/28/25 Price Changed $494,500 -4.0% $352 / Sq Ft
04/15/2025 04/15/25 For Sale $514,900 +5.1% $367 / Sq Ft
09/12/2023 09/12/23 Sold $490,000 -1.0% $349 / Sq Ft
08/16/2023 08/16/23 Pending -- -- --
08/09/2023 08/09/23 Price Changed $495,000 -4.8% $353 / Sq Ft
06/23/2023 06/23/23 For Sale $520,000 -- $371 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $406,000 Fidelity National Ttl Of Or
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $437,950 New Conventional
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 394740868

Regional Multiple Listing Service (RMLS)

APN: R703031