NOT LISTED FOR SALE

7039 N MacRum Ave Portland, OR 97203

University Park Neighborhood

Estimated Value: $489,000 - $521,517

2 Beds
1 Bath
1,596 Sq Ft
$315/Sq Ft Est. Value

Last Sold December 11, 2020

Last sale price $450,000 $282 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,996/month

18 Days on Market

Highlights

  • 1 Fireplace
  • Private Yard
  • Detached Garage
  • Corner Lot
  • Wood Frame Window
  • 3-minute walk to McKenna Park

About This Home

As of December 2020

GREAT DEVELOPMENT OPPPORTUNITY on 8,000+ sf corner lot. Zoned R5. Remodel/Flip existing 2 bedroom, 1 bath house into your dream home! Or, tear down build duplex or partition into two lots to develop! Fully fenced yard. Wonderful neighborhood! Close to Univ of Portland, New Seasons and neighborhood parks.

Last Agent to Sell the Property

Janae Pyle

Windermere Realty Trust License #201207260 Listed on: 10/28/2020

Windermere Realty Trust

Last Buyer's Agent

James DeMarco

Investors Trust Realty License #881200043

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,651

Year Built

  • Built in 1951

Lot Details

  • Fenced
  • Corner Lot
  • Level Lot
  • Private Yard
  • Property is zoned R5

Parking

  • Detached Garage
  • On-Street Parking

Home Design

  • Fixer Upper
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Wood Frame Window
  • Washer and Dryer
  • Partially Finished Basement

Flooring

  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Porch

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,651

Year Built

Built in 1951

Lot Details

0

Parking

1

Listing Details

  • Status: Sold
  • Property Category: Residential
  • Property Type: Single Family Residence
  • Style: Ranch
  • Sq Ft Calculated: 798
  • Sq Ft Approximate Total: 1596
  • Stories: 2
  • Year Built: 1951
  • Property Condition: Fixer
  • Remarks Public: GREAT DEVELOPMENT OPPPORTUNITY on 8,000+ sf corner lot. Zoned R5. Remodel/Flip existing 2 bedroom, 1 bath house into your dream home! Or, tear down build duplex or partition into two lots to develop! Fully fenced yard. Wonderful neighborhood! Close to Univ of Portland, New Seasons and neighborhood parks.
  • New Construction Supplement: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Additional Rooms: Laundry
  • All Room Features: Fireplace, Wall to Wall Carpet, Vinyl Floor
  • Main Level Bathrooms: 1.0
  • Total Bathrooms: 1.0
  • Fireplace Description: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Ceiling Fan(s), Washer/Dryer, Wall to Wall Carpet, Vinyl Floor
  • Kitchen Appliances: Free-Standing Range, Free-Standing Refrigerator
  • Legal Description: WILLAMETTE BLVD AC, BLOCK 2, ELY 70.6' OF LOT 8
  • Sq Ft Lower Level: 798
  • Sq Ft Main Level: 798
  • Bedrooms: 2
  • Master Bedroom: Features: Wall to Wall Carpet,On Level: Main
  • Bedroom 2: On Level: Main
  • Full Bathrooms: 1
  • Basement: Partially Finished
  • Living Room: Features: Fireplace, Wall to Wall Carpet,On Level: Main
  • Kitchen: Features: Vinyl Floor,On Level: Main
  • Additional Room 1: Description: Laundry,On Level: Lower
  • Bathrooms Main Level Full: 1
  • Total Bathrooms: 1
  • Window Features: Wood Frames

Exterior Features

  • Exterior Features: Fenced, Porch, Yard
  • Lot Size: 7K-9,999SF
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Additional Structure Supplement: No

Garage/Parking

  • Garage Or Parking Spaces: 1
  • Garage Type: Detached
  • Parking Description: On Street

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air

Association/Amenities

  • Amenities Supplement: No

Schools

  • Elementary School: Astor
  • Middle School: Astor
  • High School: Roosevelt

Lot Info

  • Lot Description: Corner Lot, Level
  • Acres: 0.19
  • Zoning: R5
  • Farm Supplement: No
  • Water Rights Supplement: No

Green Features

  • Green Building Verification Type: Home Energy Score
  • Green Energy Supplement: Yes
  • Green Verification HES Metric: 6
  • Green Verification HES Year: 2020

Tax Info

  • Tax Amount: 3103.34
  • Assessor Parcel Number: R307550
  • Tax Year: 2019

Multi Family

  • Non Owner Occ Supplement: No

MLS Schools

  • Elementary School: Astor
  • High School: Roosevelt
  • Middle School: Astor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2020
Closed on
Dec 9, 2020
Sold by
Qadri Cindy R
Bought by
Gilkey Eric and Gilkey Kasmira S
Seller's Agent
Janae Pyle
Windermere Realty Trust
Buyer's Agent
James DeMarco
Investors Trust Realty
List Price
$410,000
Sold Price
$450,000
Premium/Discount to List
$40,000
9.76%
Current Estimated Value
$491,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,699
Avg. Annual Appreciation
1.92%
Original Mortgage
$400,000
Outstanding Balance
$360,782
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$131,050
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
Gilkey Eric $450,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gilkey Eric $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2020 12/11/20 Sold $450,000 +9.8% $282 / Sq Ft
11/15/2020 11/15/20 Pending -- -- --
11/11/2020 11/11/20 For Sale $410,000 0.0% $257 / Sq Ft
11/03/2020 11/03/20 Pending -- -- --
10/28/2020 10/28/20 For Sale $410,000 -- $257 / 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
2023 $3,651 $137,790 $0 $0
2022 $3,572 $133,780 $0 $0
2021 $3,512 $129,890 $0 $0
2020 $3,222 $126,110 $0 $0
2019 $3,103 $122,440 $0 $0
2018 $3,012 $118,880 $0 $0
2017 $2,887 $115,420 $0 $0
2016 $2,642 $112,060 $0 $0
2015 $2,573 $108,800 $0 $0
2014 $2,534 $105,640 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Janae Pyle

    Seller's Agent in 2020

    Janae Pyle

    Windermere Realty Trust

    (503) 706-7622

    1 in this area

    30 Total Sales

    Section Image

  • J

    Buyer's Agent in 2020

    James DeMarco

    Investors Trust Realty

    (503) 515-5574

    2 in this area

    62 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20515696

Regional Multiple Listing Service (RMLS)

APN: R307550

Oregon Multnomah County Portland 97203 University Park

7039 N MacRum Ave, Portland, OR

This home is located at 7039 N MacRum Ave, Portland, OR 97203 since 28 October 2020 and is currently estimated at $502,879, approximately $315 per square foot. This property was built in 1951. 7039 N MacRum Ave is a home located in Multnomah County with nearby schools including Astor Elementary School, Roosevelt High School, and Holy Cross Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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