See Home Value
$1,112,801*
House - Off Market

1996 SW TERRACE DR

Portland, OR 97201
bedrooms
4 Beds
bathrooms
2.5 Baths, 1 Half Bath
square feet
2440 Sqft
$1,035,000 - $1,265,000
Reference Base Price*
-3.23%
Since Aug 1, 2023
OR-Portland
Primary Model
Sold Aug 10, 2023
$1,132,000
$849,000 by Nfm, Inc.
Mortgage Due Sep 01, 2053
Sold Sep 27, 2017
$694,000
$520,500 by Finance Of America Mortgage Ll
Mortgage Due Oct 01, 2047

About This Property

Prepare to be DAZZLED by this MID-CENTURY MODERN transformation. Sweeping VIEWS and rock star aesthetics that will take your breath away. DESIGN and STYLE come together that make this one of Portland's most EXCLUSIVE properties in one of the city's best neighborhoods. An ENTERTAINER or FAMILY dream home steps away from top rated Ainsworth Elementary. Situated on a quiet street, this will change your perspective of urban living. Custom wine storage, oversized 2 car garage and plenty of flex space; truly a home to be proud of. Minutes to downtown this coveted Portland Heights Neighborhood home has parks, shops, trails and more. This is one that will surely go fast!!!

The manager has listed the unit size as 2440 square feet.
Unit Size
2,440Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$471
Property Type
House
Property Taxes
$1,319
HOA Dues
-
Year Built
1967

Price History

Date / Event Date Event Price
Jul 11, 2023 No longer available -
No longer available
Jul 7, 2023 Price Decreased $1,150,000
↓ $17K (1.5%)
Price Decreased
Jun 22, 2023 Price Decreased $1,167,000
↓ $33K (2.8%)
Price Decreased
Jun 4, 2023 Listed $1,200,000
Listed
Jul 30, 2017 Listed $699,000
Listed
Top 10 reasons this is great home: #1. Prime Location #2. Updated throughout #3. City, River and Mountain Views #4. Awesome shop/studio area #5. Move In condition #6. Quiet #7. Easy care yard #8. Generous outdoor space with covered decks #9. Open floor plan for entertaining #10. All bedrooms on same floor.Flexible floor plan. Current dining room would make a very nice FR on main and 3rd bedroom could be bonus area. The manager has listed the unit size as 2436 square feet.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 3
  • Building Style: Unknown
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 942
  • Garage Type: Attached
  • Garage Square Area: 552
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,800
  • Total Building Area: 2,436
  • Gross Building Area: 2,436
  • Building Area: 1,884
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,884
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Storm
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: GROVERS ADD
  • Land Acres: 0.179
  • Standard Land Use Code: Single family residential
  • Legal Description 1: GROVERS ADD, BLOCK T TL 1900

Ownership

  • Current Owner : LIU ALEX YU
  • Current Owner 2: FANG SOPHIA YING
  • Previous Owner : REEVES MARC JASON
  • Previous Owner 2: REEVES MICHELLE TURNBULL
  • Owner Before Previous Owner: COMBS BRAD T
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Portland School District 1J
  • Census Tract: 004602

Zoning

  • Zoning: R5

Geography

  • Account Number: R346603490
  • Subdivision Tract Number: T
  • Parcel: R174580
  • Block: T
  • Meridian: SEC 04 TWN 01S RNG 01E
  • Latitude: 45.5085
  • Longitude: -122.7

    Address

  • Full Address: 1996 Sw Terrace Dr
  • Address - House Number: 1996
  • Street Direction: SW
  • Address - Street Name: Terrace
  • Address - Suffix Type: Dr
  • State: OR
  • City Name: Portland
  • Carrier Code: C045
  • 4-Digit Zip Code: 1791
  • Zip Code: 97201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $16,062
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.1702
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 78
  • Final Value: 932,720
  • High Value: 1,091,512
  • Low Value: 773,927

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $849,000
  • First Open Lien Mortgage Lender: NFM, INC.
  • First Open Lien Mortgage Recording Date: Aug 10, 2023
  • First Open Lien Mortgage Loan Amount: $849,000
  • 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: Sep 01, 2053

    Market Valuation

  • Market Total Value: $904,420
  • Market Land Value: $402,500
  • Market Improvement Value: $501,920

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $628,340

    Sales

  • Current Sale Contract Date: Aug 03, 2023
  • Current Sale Recording Date: Aug 10, 2023
  • Current Sale Transaction ID: 11910811265
  • Current Sale Price: $1,132,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 50035
  • Previous Sale Recording Date: Sep 27, 2017
  • Previous Sale Contract Date: Sep 25, 2017
  • Previous Sale Amount: $694,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NFM, INC.
  • First Mortgage Transaction Date: Aug 10, 2023
  • First Mortgage Loan Amount: $849,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • Previous Mortgage Transaction Date: Sep 27, 2017
  • Previous Mortgage Loan Amount: $520,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2047



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
2,451 ft²
$490/ft²
$1,199,900 Jun 15, 2023
-
$799/mo
House
4 Beds
2.5 Baths
3,201 ft²
$436/ft²
$1,395,000 Jun 12, 2023
-
$1,549/mo
Condo
4 Beds
3.5 Baths
2,779 ft²
$423/ft²
$1,175,000 Mar 2, 2023
-
$1,596/mo
House
4 Beds
4.5 Baths
4,970 ft²
$272/ft²
$1,350,000 Jun 8, 2023
-
$1,526/mo
House
2 Beds
3.5 Baths
3,469 ft²
$389/ft²
$1,350,000 Apr 3, 2023
-
$2,041/mo

About Southwest Hills


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Frequently Asked Questions

When was property at 1996 Southwest Terrace Drive built and last sold?
The property at 1996 Southwest Terrace Drive was built in 1967 and last sold on Aug 3, 2023 for $1,132,000.
How much is this home worth?
The estimated value of the home located at 1996 Southwest Terrace Drive is $1,152,703.
What are some comparable homes to 1996 Southwest Terrace Drive?
Homes that are comparable to 1996 Southwest Terrace Drive include a house property at 1403 Southwest Broadway Drive, 2744 Southwest Summit Drive, 1299 Southwest Cardinell Drive.

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