NOT LISTED FOR SALE

913 SE 50th Ave Unit 915 Portland, OR 97215

Mt Tabor Neighborhood

Estimated Value: $713,000 - $873,000

4 Beds
3 Baths
2,703 Sq Ft
$286/Sq Ft Est. Value

Last Sold September 30, 2022

Last sale price $662,905 $245 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,760/month

34 Days on Market

Highlights

  • City View
  • Forced Air Heating System
  • Wood Siding
  • Glencoe Elementary School Rated A-
  • Level Lot

About This Home

As of September 2022

Phenomenal location and development potential. 1893 Duplex in Mt Tabor, with views of downtown and West Hills. Two units with individual W&D, a small backyard, a balcony, garage, off-street parking, and room for storage in the basement. ZONED RM1, allows you to add units to the existing structure, or start fresh with a new built apartment building or townhomes. So many options and upside potential! Email to ask for the Developer's Package! Do not disturb downstairs tenants. Please & thank you.

Last Agent to Sell the Property

Renee Espinosa

MORE Realty License #201214052 Listed on: 07/07/2022

MORE Realty

Last Buyer's Agent

Chelsea Larimore

eXp Realty, LLC License #201244034

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,061

Year Built

  • Built in 1893 | Remodeled

Lot Details

  • Level Lot

Property Views

  • City
  • Territorial

Home Design

  • Composition Roof
  • Wood Siding
  • Cedar

Interior Spaces

  • 2,703 Sq Ft Home
  • 3-Story Property

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • Garage
  • Garage Door Opener

Schools

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, trashcollection
  • Assessor Parcel Number R332750

Community Details

Overview

  • 2 Units
  • Mt Tabor Subdivision

Building Details

  • Operating Expense $12,992
  • Gross Income $40,800
  • Net Operating Income $27,808

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,061

Year Built

Built in 1893 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1893
  • Property Condition: UpdatedRemodeled
  • Unreinforced Masonry Building: Unknown
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: ExteriorEntry, FullBasement, PartiallyFinished
  • Storage: Basement
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Cedar,WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: Other
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Concrete, Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: City,Territorial

Garage/Parking

  • Parking Description: GarageDoorOpener, Paved
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Security: Unknown
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: RM1
  • Parcel #: R332750

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 7061.11

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 17.13
  • Annual Gross Income: 40800.0
  • Property Net Operating Income: 27808.0
  • Annual Operating Expense: 12992.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Sep 30, 2022
Sold by
Hottois Robert P
Bought by
Miller Cole Joseph
Seller's Agent
Renee Espinosa
MORE Realty
Buyer's Agent
Chelsea Larimore
eXp Realty, LLC
List Price
$699,000
Sold Price
$662,905
Premium/Discount to List
-$36,095
-5.16%
Total Days on Market
34
Current Estimated Value
$771,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,903
Avg. Annual Appreciation
6.90%
Original Mortgage
$700,000
Outstanding Balance
$685,771
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$106,396

Purchase Details

Closed on
Nov 16, 2006
Sold by
Rossio Carol K
Bought by
Hottois Robert P and Nomensen Kimberly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,800
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Miller Cole Joseph $662,905 Wfg Title
Hottois Robert P $401,000 First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Cole Joseph $700,000
Previous Owner Hottois Robert P $313,200
Previous Owner Hottois Robert P $320,800
Previous Owner Rossio Carol K $60,500
Previous Owner Rossio Carol K $234,350
Previous Owner Rossio Carol K $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2022 09/30/22 Sold $662,905 -5.2% $245 / Sq Ft
08/10/2022 08/10/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $699,000 -- $259 / 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 $7,966 $289,080 $0 $0
2022 $7,183 $268,990 $0 $0
2021 $7,061 $261,160 $0 $0
2020 $6,478 $253,560 $0 $0
2019 $6,240 $246,180 $0 $0
2018 $6,056 $239,010 $0 $0
2017 $5,804 $232,050 $0 $0
2016 $5,312 $225,300 $0 $0
2015 $5,173 $218,740 $0 $0
2014 $5,094 $212,370 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22164566

Regional Multiple Listing Service (RMLS)

APN: R332750