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2740 Southwest 2nd Avenue

2740 Southwest 2nd Avenue, Portland, OR 97201
Sold Jan 19, 2021
$408,000
Buyer
Seller
$233,000 by Wells Fargo Bank Na
Mortgage Due Feb 01, 2051
Sold May 28, 2019
$392,000
$372,400 by Directors Mortgage Inc
Mortgage Due Jun 01, 2049
2740 Southwest 2nd Avenue has been categorized by the local assessors in Portland, OR as a residential type of property. The building on the property was first built in 1886 and is 138 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2740 Southwest 2nd Avenue has 1,049 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 771 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 2,178 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The building has a steel frame or truss style roof made of composition shingle. The exterior walls of the building are made of wood. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Jan 14, 2021 for $408,000. That's $263.57 per sqft. Prior to that sales transaction, the property was also sold in May 14, 2019 for $392,000. 2740 Southwest 2nd Avenue was last assessed in 2023. The total value of the property was assessed at $269,430. While improvements on the property were assessed at a total of $269,430. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $7,077. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1886
  • Effective Year Built: 1886
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Style: Condo
  • Exterior Walls Type: Wood
  • Roof Shape Type: Steel frame or truss
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 2
  • Basement Type: Partial basement
  • Basement Area: 771
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,178
  • Total Building Area: 1,548
  • Gross Building Area: 1,548
  • Building Area: 1,049
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,049
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JOHN CORKISH CONDOMINIUM
  • Land Acres: 0.05
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: JOHN CORKISH CONDOMINIUM, LOT 2740

Ownership

  • Current Owner : EVANS BRUCE
  • Previous Owner : NAVARRO OSCAR
  • Owner Before Previous Owner: REDISCH MERYL A
  • Owner Before Previous Owner 2: MERYL A REDISCH LIVING TRUST
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Portland School District 1J
  • Census Tract: 005701

Zoning

  • Zoning: NULL

Geography

  • Account Number: R430100200
  • Parcel: R192972
  • Lot: 2740
  • Meridian: SEC 10 TWN 01S RNG 01E
  • Latitude: 45.5031
  • Longitude: -122.68

    Address

  • Full Address: 2740 Sw 2nd Ave
  • Address - House Number: 2740
  • Street Direction: SW
  • Address - Street Name: 2nd
  • Address - Suffix Type: Ave
  • State: OR
  • City Name: Portland
  • Carrier Code: C005
  • 4-Digit Zip Code: 4710
  • Zip Code: 97201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,077
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.2392
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 66
  • Final Value: 395,336
  • High Value: 489,908
  • Low Value: 300,764

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $308,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jan 19, 2021
  • First Open Lien Mortgage Loan Amount: $233,000
  • 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: Feb 01, 2051
  • Second Open Lien Mortgage Lender: U.S. BANK NATIONAL ASSOCIATION
  • Second Open Lien Mortgage Recording Date: Mar 15, 2024
  • Second Open Lien Mortgage Loan Amount: $75,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Mar 05, 2054

    Market Valuation

  • Market Total Value: $409,710
  • Market Improvement Value: $409,710

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $269,430
  • Assessed Improvements Value: $269,430

    Sales

  • Current Sale Contract Date: Jan 14, 2021
  • Current Sale Recording Date: Jan 19, 2021
  • Current Sale Transaction ID: 11814559884
  • Current Sale Price: $408,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-008936
  • Previous Sale Recording Date: May 28, 2019
  • Previous Sale Contract Date: May 14, 2019
  • Previous Sale Amount: $392,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jan 19, 2021
  • First Mortgage Loan Amount: $233,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: DIRECTORS MORTGAGE INC
  • Previous Mortgage Transaction Date: May 28, 2019
  • Previous Mortgage Loan Amount: $372,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2049

About Lair Hill



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 2740 Southwest 2nd Avenue located in?
The 2740 Southwest 2nd Avenue is a located in the neighborhood of Corbet - Terwilliger - Lair Hill in Lair Hill, Portland.
What is the average sales price for listings in 2740 Southwest 2nd Avenue?
The average sales price for units in 2740 Southwest 2nd Avenue is $0 currently.

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