Check Availability
$284,500
↓ $15K (4.8%)
House - For Sale

7468 SE 51ST AVE

Portland, OR 97206
bedrooms
Studio
bathrooms
1 Bath
square feet
738 Sqft
$1,551
Est. Monthly
2.78%
Cap Rate

About This Property

Fantastic property offering a great opportunity for developers and investors. Bring your investment expertise to this property situated in a sought-after neighborhood known for its convenience and amenities. This .12 acre lot has many possibilities. The R2.5 zoning allows for single family, duplexes, triplexes, fourplexes and ADU. The true value lies in the land, which presents a blank canvas for your project. Home on property for possible restoration is 2 bedroom, 1 bathroom. In a neighborhood with a "very walkable" and "biker's paradise" rating, residents enjoy easy access to nearby schools, multiple parks, restaurants, and  shopping destinations. Golf enthusiasts will appreciate the proximity to the Eastmoreland Golf Course, while students and faculty will find Reed College is only 5 minutes away. Whether you envision building your dream home, townhome, or a custom-designed residence, don't miss this opportunity to create something truly special.

The manager has listed the unit size as 738 square feet.
Unit Size
738Ft²
Days on Market
104 days
Land Size
0.12 acres
Price per sqft
$386
Property Type
House
Property Taxes
$154
HOA Dues
-
Year Built
1914

Listed By

Nick Shivers
Nick Shivers
Keller Williams PDX Central
Last updated: 2 months ago (RMLSOR #24344897)

Price History

Date / Event Date Event Price
May 8, 2024 Price Decreased $284,500
↓ $15K (4.9%)
Price Decreased
Apr 16, 2024 Price Decreased $299,000
↓ $21K (6.4%)
Price Decreased
Mar 22, 2024 Listed by Keller Williams Realty Portland Central $319,500
Listed by Keller Williams Realty Portland Central
Fantastic property offering a great opportunity for developers and investors. Bring your investment expertise to this property situated in a sought-after neighborhood known for its convenience and amenities. This .12 acre lot has many possibilities. The R2.5 zoning allows for single family, duplexes, triplexes, fourplexes and ADU. The true value lies in the land, which presents a blank canvas for your project. In a neighborhood with a "very walkable" and "biker's paradise" rating…
Apr 1, 2021 Sold to Partners Llc Sng $400,000
Sold to Partners Llc Sng

Property Highlights

Building Info

Overview

    General

  • Year Built: 1914
  • Effective Year Built: 1914
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 1
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 738
  • Gross Building Area: 738
  • Building Area: 738
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 738
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: ERROL HTS
  • Land Acres: 0.115
  • Legal Description 1: ERROL HTS, BLOCK 14, LOT 37&38

Ownership

  • Current Owner : SNG HOMES INC
  • Previous Owner : GOODRICH VALERIE D
  • Previous Owner 2: GOODRICH MARK I
  • Owner Before Previous Owner: GOODRICH VALERIE D
  • Owner Before Previous Owner 2: GOODRICH MARK I
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: unknown
  • Vacant Flag Date: Jan 30, 2024

Neighborhood

  • School District Name: Portland School District 1J
  • Census Tract: 008700

Zoning

  • Zoning: R2.5

Geography

  • Account Number: R255303310
  • Parcel: R157923
  • Block: 14
  • Lot: 37,38
  • Meridian: SEC 19 TWN 01S RNG 02E
  • Latitude: 45.4688
  • Longitude: -122.611

    Address

  • Full Address: 7468 Se 51st Ave
  • Address - House Number: 7468
  • Street Direction: SE
  • Address - Street Name: 51st
  • Address - Suffix Type: Ave
  • State: OR
  • City Name: Portland
  • Carrier Code: C006
  • 4-Digit Zip Code: 8377
  • Zip Code: 97206

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,845
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 201

    Appraisal Valuation

  • Standard Deviation: 0.2337
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 434,228
  • High Value: 535,727
  • Low Value: 332,729

    Market Valuation

  • Market Total Value: $306,240
  • Market Land Value: $202,500
  • Market Improvement Value: $103,740

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $69,620

    Sales

  • Current Sale Contract Date: Mar 16, 2021
  • Current Sale Recording Date: Apr 07, 2021
  • Current Sale Transaction ID: 11828991688
  • Current Sale Price: $400,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 2021-056923
  • Previous Sale Recording Date: Apr 01, 2021
  • Previous Sale Contract Date: Mar 16, 2021
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
2 Beds
2.5 Baths
788 ft²
$419/ft²
$329,900 Jan 3, 2024
-
$50/mo
Condo
2 Beds
2.5 Baths
788 ft²
$431/ft²
$339,900 Jan 2, 2024
-
$50/mo
Condo
2 Beds
2.5 Baths
796 ft²
$440/ft²
$349,900 Jan 2, 2024
-
$50/mo
Condo
2 Beds
2.5 Baths
827 ft²
$423/ft²
$349,900 Mar 11, 2024
-
$50/mo

About Southeast Uplift


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Frequently Asked Questions

When was property at 7468 Southeast 51st Avenue built and last sold?
The property at 7468 Southeast 51st Avenue was built in 1914 and last sold on Mar 16, 2021 for $400,000.
How much is this home worth?
The estimated value of the home located at 7468 Southeast 51st Avenue is $322,695.
What are some comparable homes to 7468 Southeast 51st Avenue?
Homes that are comparable to 7468 Southeast 51st Avenue include a condo property at 4982 Southeast Ogden Street, 7275 Southeast 50th Avenue, 7271 Southeast 50th Avenue.

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