See Home Value
$2,970,331*
House - Off Market

2566 SE 109TH AVE

Portland, OR 97266
bedrooms
15 Beds
bathrooms
11 Baths
square feet
6634 Sqft
$2,700,000 - $3,298,000
Reference Base Price*
-0.99%
Since Nov 1, 2023
OR-Portland
Primary Model
Sold Feb 26, 2024
$2,700,000
$2,210,000 by Citizens Community Bank
Mortgage Due Feb 26, 2054
Sold Apr 12, 2017
$1,690,000
$1,352,000 by Hana Small Business Lending In
Mortgage

About This Property

This newer Residential Care Facility has 15 units, all private beds and baths. This is a turn key operation ready for a new owner operator. Property is located in a convenient SE Portland location with easy access to I-205. Shown by appointment only, DO NOT disturb residents or employees.

The manager has listed the unit size as 6634 square feet.
Unit Size
6,634Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$452
Property Type
House
Property Taxes
$1,599
HOA Dues
-
Year Built
2016

Price History

Date / Event Date Event Price
Oct 15, 2023 No longer available -
No longer available
Sep 25, 2023 Listed $2,999,950
Listed
Mar 30, 2023 No longer available -
No longer available
Nov 1, 2022 Listed $2,999,950
Listed
This newer Residential Care Facility has 15 units, all private beds and baths. This is a turn key operation ready for a new owner operator. Property is located in a convenient SE Portland location with easy access to I-205. Shown by appointment only, DO NOT disturb residents or employees. The manager has listed the unit size as 6634 square feet.
Jul 21, 2022 Price Decreased $3,499,950
↓ $300K (7.9%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Asbestos
  • Floor Count: 1
  • Living Units: 4
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 520
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,240
  • Total Building Area: 6,634
  • Gross Building Area: 6,634
  • Building Area: 6,634
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Baseboard
  • Heated Square Feet: 6,634
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Storm
  • Water Service: Yes

Building

  • Property Class: Commercial
  • Subdivision: PITTOCK GROVE
  • Land Acres: 0.235
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: PITTOCK GROVE, BLOCK 5, LOT 14 EXC N 68 OF W 110

Ownership

  • Current Owner : BH-OR RE 109TH LLC
  • Previous Owner : I & A 2 LLC
  • Owner Before Previous Owner: COHAESUS HOLDINGS GROUP 2 LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: David Douglas School District 40
  • Census Tract: 008302

Zoning

  • Zoning: CG

Geography

  • Account Number: R660601890
  • Parcel: R244339
  • Block: 5
  • Lot: 14
  • Meridian: SEC 10 TWN 01S RNG 02E
  • Latitude: 45.5034
  • Longitude: -122.551

    Address

  • Full Address: 2566 Se 109th Ave
  • Address - House Number: 2566
  • Street Direction: SE
  • Address - Street Name: 109th
  • Address - Suffix Type: Ave
  • State: OR
  • City Name: Portland
  • Carrier Code: C012
  • 4-Digit Zip Code: 1215
  • Zip Code: 97266

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $20,247
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 113

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,210,000
  • First Open Lien Mortgage Lender: CITIZENS COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Feb 26, 2024
  • First Open Lien Mortgage Loan Amount: $2,210,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Feb 26, 2054

    Market Valuation

  • Market Total Value: $2,162,980
  • Market Land Value: $204,800
  • Market Improvement Value: $1,958,180

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $861,430

    Sales

  • Current Sale Contract Date: Feb 20, 2024
  • Current Sale Recording Date: Feb 26, 2024
  • Current Sale Transaction ID: 11921413406
  • Current Sale Price: $2,700,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 10836
  • Previous Sale Recording Date: Apr 12, 2017
  • Previous Sale Contract Date: Apr 11, 2017
  • Previous Sale Amount: $1,690,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIZENS COMMUNITY BANK
  • First Mortgage Transaction Date: Feb 26, 2024
  • First Mortgage Loan Amount: $2,210,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Credit Line (Revolving)

    Previous Mortgages

  • Previous Mortgage Lender: HANA SMALL BUSINESS LENDING IN
  • Previous Mortgage Transaction Date: Apr 12, 2017
  • Previous Mortgage Loan Amount: $1,352,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: SBA Participation Trust Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
6,634 ft²
$452/ft²
$2,999,950 Jun 10, 2022
-
$1,573/mo

About East Portland


Similar Homes for Sale

Unit for sale at 2566 Southeast 109th Avenue, Portland, OR 97266

$2,999,950

  • Commercial
  • 6,634 ft²
2566 Southeast 109th Avenue, Portland, OR 97266 Listing by Cornell Mann

Nearby Rentals

Unit for rent at 10910 E Burnside St, Portland, OR, 97216

$2,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,164 ft²
10910 E Burnside St #10910 E Burnside St, Portland, OR, 97216 Listing by Manager
Unit for rent at 6529 Se 84th Ave, Portland, OR, 97266

$2,195 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
6529 Se 84th Ave #6529 SE 84th Ave, Portland, OR, 97266 Listing by Manager
Unit for rent at 6385 Se 84th Ave., Portland, OR, 97266

$2,995 /mo

  • 4 Beds
  • 2.5 Baths
  • 2,192 ft²
6385 Se 84th Ave. #6385 SE 84th Ave., Portland, OR, 97266 Listing by Manager


Frequently Asked Questions

When was property at 2566 Southeast 109th Avenue built and last sold?
The property at 2566 Southeast 109th Avenue was built in 2016 and last sold on Feb 20, 2024 for $2,700,000.
How much is this home worth?
The estimated value of the home located at 2566 Southeast 109th Avenue is $3,029,950.
What are some comparable homes to 2566 Southeast 109th Avenue?
Homes that are comparable to 2566 Southeast 109th Avenue include a commercial property at 2566 Southeast 109th Avenue, located in Portland, OR.

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