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1024 Northeast 72nd Avenue

1024 Northeast 72nd Avenue, Portland, OR 97213
Multifamily in Montavilla
Sold Apr 08, 2019
$444,000
$301,000 by Flagstar Bank Fsb
Mortgage Due Jan 01, 2051
Sold Feb 02, 2007
Transfer
$235,000 by Indymac Bank Fsb
Mortgage Due Mar 01, 2037
Local assessors in Portland, OR have categorized 1024 Northeast 72nd Avenue as a residential type of property. The home was built in 1950 and is 74 years old. The property's lot size has been calculated to be 6,800 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1024 Northeast 72nd Avenue has a total of 1,233 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a storm sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 547 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a bowstring truss style roof that was made of composition shingle. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1024 Northeast 72nd Avenue sold most recently in Apr 5, 2019 for a total of $444,000. If you work out the math, that's approximately a cost of $249.44 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,371 in taxes each year. 1024 Northeast 72nd Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $164,960. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Cedar Siding
Wood Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Wood
  • Roof Shape Type: Bowstring truss
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 4
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 547
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,800
  • Total Building Area: 1,780
  • Gross Building Area: 1,780
  • Building Area: 1,233
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,233
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Storm
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: KENSINGTON
  • Land Acres: 0.156
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: KENSINGTON, BLOCK 5, LOT 1&2

Ownership

  • Current Owner : MARINO JOHN P
  • Previous Owner : BRANDEN YASMINE A
  • Previous Owner 2: SACKRIDER REGINA M
  • Owner Before Previous Owner: RUBY B LLC
  • Is Owner Occupied: Owner-occupied property
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jan 30, 2024

Neighborhood

  • School District Name: Portland School District 1J
  • Census Tract: 001703

Zoning

  • Zoning: R5

Geography

  • Account Number: R444900260
  • Parcel: R196002
  • Block: 5
  • Lot: 1,2
  • Meridian: SEC 32 TWN 01N RNG 02E
  • Latitude: 45.5302
  • Longitude: -122.588

    Address

  • Full Address: 1024 Ne 72nd Ave
  • Address - House Number: 1024
  • Street Direction: NE
  • Address - Street Name: 72nd
  • Address - Suffix Type: Ave
  • State: OR
  • City Name: Portland
  • Carrier Code: C016
  • 4-Digit Zip Code: 6212
  • Zip Code: 97213

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,371
  • Tax Rate Code Area: 201

    Appraisal Valuation

  • Standard Deviation: 0.1747
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 77
  • Final Value: 551,322
  • High Value: 647,661
  • Low Value: 454,984

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $301,000
  • First Open Lien Mortgage Lender: FLAGSTAR BANK FSB
  • First Open Lien Mortgage Recording Date: Dec 07, 2020
  • First Open Lien Mortgage Loan Amount: $301,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Market Valuation

  • Market Total Value: $673,670
  • Market Land Value: $416,100
  • Market Improvement Value: $257,570

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $164,960

    Sales

  • Current Sale Contract Date: Apr 05, 2019
  • Current Sale Recording Date: Apr 08, 2019
  • Current Sale Transaction ID: 11596265879
  • Current Sale Price: $444,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019-034607
  • Previous Sale Recording Date: Feb 02, 2007
  • Previous Sale Contract Date: Jan 31, 2007
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Apr 08, 2019
  • First Mortgage Loan Amount: $304,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: INDYMAC BANK FSB
  • Previous Mortgage Transaction Date: Feb 02, 2007
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $235,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Mar 01, 2037

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Frequently Asked Questions

What neighborhood is 1024 Northeast 72nd Avenue located in?
The 1024 Northeast 72nd Avenue is a multifamily located in the neighborhood of Montavilla in Southeast Uplift, Portland.
What is the average sales price for listings in 1024 Northeast 72nd Avenue?
The average sales price for units in 1024 Northeast 72nd Avenue is $0 currently.

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