See Home Value
$791,111*
House - Off Market

2562 NE 48TH AVE

Portland, OR 97213
bedrooms
5 Beds
bathrooms
2.5 Baths, 1 Half Bath
square feet
2968 Sqft
$720,000 - $878,000
Reference Base Price*
-0.99%
Since Nov 1, 2023
OR-Portland
Primary Model
Sold Apr 04, 2024
$800,000
Sold Nov 03, 2023
$800,000
$640,000 by Guaranteed Rate, Inc.
Mortgage Due Dec 01, 2053

About This Property

Big Price Reduction!  Don't miss this opportunity to buy 2 homes for the price of one just below Alameda Ridge! Think of it this way - you're paying $599K for the main house (3 bed/1.1 bath) and $200K for the detached 2 bed/1 bath ADU that you can rent. Where else can you find anything like that in this neighborhood?  Mature trees and established gardens surround the homes with privacy, enjoy the front porch and lower garden patio, yet live so close to everything!  Enter through the front door and you'll find a home with 1910 charm enhanced by creative Pratt & Larson tile work.  Hardwoods on the main, original lighting fixtures, gorgeous unpainted main level trim, leaded glass in the dining room buffet, tiled living room fireplace with built-in bookshelves, sun filled South facing kitchen with adjoining sunroom and half bath.  Painted fir floors upstairs with 3 bedrooms - primary has attached office/bonus room w/cork floor.  The basement is a blank slate with high ceilings ready for your ideas, including a large workshop room.  Newer HVAC and a/c!  The backyard has a sweet deck full of morning sun!  Schoolhouse and Rejuvenation lighting and fixtures throughout. The icing on the cake is the 2021 permitted ADU with 2 bed/1 bath. Fully detached from the main house, this sweet South facing property is 480 sq ft, has minimal steps, bright and airy, mini split HVAC system, has flexible living options, LVP, skylights, and its own private deck. Garage is fully insulated and is climate controlled.  This property offers so many options - live in the main house and rent the ADU or vice versa!  Need a detached WFH office?  The ADU would be an amazing home office!  A really great investment property in a prime neighborhood location. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10072157]

The manager has listed the unit size as 2968 square feet.
Unit Size
2,968Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$269
Property Type
House
Property Taxes
$407
HOA Dues
-
Year Built
1910

Price History

Date / Event Date Event Price
Nov 3, 2023 Sold to Devin Gaffney, Veronica Walls $800,000
Sold to Devin Gaffney, Veronica Walls
Oct 13, 2023 No longer available -
No longer available
Oct 4, 2023 Price Decreased $799,000
↓ $51K (6%)
Price Decreased
Oct 4, 2023 Relisted $850,000
Relisted
Sep 28, 2023 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: Fair
  • Building Style: Unknown
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 720
  • Garage Type: Detached
  • Garage Square Area: 216
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,515
  • Gross Building Area: 2,614
  • Building Area: 1,795
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,795
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Storm
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: ROSE CITY PK
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ROSE CITY PK, BLOCK 21, LOT 1&14 TL 19900

Ownership

  • Current Owner : GAFFNEY DEVIN
  • Current Owner 2: WALLS VERONICA
  • Previous Owner : SNELL JAMIE LEAH
  • Previous Owner 2: SNELL NATHAN S
  • Owner Before Previous Owner: SNELL JAMIE LEAH
  • Owner Before Previous Owner 2: SNELL NATHAN S
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Right of Survivorship

Neighborhood

  • School District Name: Portland School District 1J
  • Census Tract: 002701

Zoning

  • Zoning: R5

Geography

  • Account Number: R723100550
  • Parcel: R259270
  • Block: 21
  • Lot: 1,14
  • Meridian: SEC 30 TWN 01N RNG 02E
  • Latitude: 45.5415
  • Longitude: -122.614

    Address

  • Full Address: 2562 Ne 48th Ave
  • Address - House Number: 2562
  • Street Direction: NE
  • Address - Street Name: 48th
  • Address - Suffix Type: Ave
  • State: OR
  • City Name: Portland
  • Carrier Code: C022
  • 4-Digit Zip Code: 1924
  • Zip Code: 97213

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,907
  • Tax Rate Code Area: 201

    Appraisal Valuation

  • Standard Deviation: 0.1499
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 849,186
  • High Value: 976,481
  • Low Value: 721,890

    Market Valuation

  • Market Total Value: $825,800
  • Market Land Value: $359,000
  • Market Improvement Value: $466,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $260,650

    Sales

  • Current Sale Contract Date: Nov 02, 2023
  • Current Sale Recording Date: Apr 04, 2024
  • Current Sale Transaction ID: 11923569845
  • Current Sale Price: $800,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19154
  • Previous Sale Recording Date: Nov 03, 2023
  • Previous Sale Contract Date: Nov 02, 2023
  • Previous Sale Amount: $800,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: GUARANTEED RATE, INC.
  • Previous Mortgage Transaction Date: Nov 03, 2023
  • Previous Mortgage Loan Amount: $640,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2053



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
1.5 Baths
3,040 ft²
$255/ft²
$775,000 Sep 6, 2023
-
$618/mo
House
5 Beds
2.5 Baths
2,906 ft²
$301/ft²
$875,000 Sep 25, 2023
-
$593/mo
House
4 Beds
2 Baths
2,900 ft²
$283/ft²
$819,900 Sep 22, 2023
-
$589/mo
House
4 Beds
3 Baths
2,978 ft²
$218/ft²
$649,900 Sep 26, 2023
-
$638/mo
House
3 Beds
3 Baths
2,309 ft²
$394/ft²
$910,000 May 5, 2023
-
$909/mo
House
3 Beds
1.5 Baths
2,080 ft²
$312/ft²
$649,000 Jul 25, 2023
-
$409/mo

About Central Northeast Neighbors Incorporated


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Nearby Rentals

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Frequently Asked Questions

When was property at 2562 Northeast 48th Avenue built and last sold?
The property at 2562 Northeast 48th Avenue was built in 1910 and last sold on Nov 2, 2023 for $800,000.
How much is this home worth?
The estimated value of the home located at 2562 Northeast 48th Avenue is $806,990.
What are some comparable homes to 2562 Northeast 48th Avenue?
Homes that are comparable to 2562 Northeast 48th Avenue include a house property at 3125 Northeast 45th Avenue, 2354 Northeast 55th Avenue, 2537 Northeast 57th Avenue.

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