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301 Northeast 87th Avenue

301 Northeast 87th Avenue, Portland, OR 97220
Property in Montavilla
Sold Feb 02, 1996
$139,000
$134,800 by Washington Mutual Bank
Mortgage Due Mar 01, 2026
301 Northeast 87th 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 1912 and is 112 years old. The home has a total of 5 bedrooms. Residents will have access to one full bathroom. 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, 301 Northeast 87th Avenue has 1,909 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,550 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown 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. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as fair. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of asbestos shingle. 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 oil. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 301 Northeast 87th Avenue was last sold in Feb 1, 1996 for $139,000. According to our calculations, that's $43.88 per sqft. Current property owners are expected to pay $5,482 in taxes per year. The property on 301 Northeast 87th Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $206,870. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1912
  • Effective Year Built: 1912
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: Fair
  • Building Style: Unknown
  • Exterior Walls Type: Asbestos shingle
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 1,259
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,550
  • Total Building Area: 3,168
  • Gross Building Area: 3,168
  • Building Area: 1,909
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,909
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TERRACE PK
  • Land Acres: 0.127
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TERRACE PK, BLOCK 15, N 40 OF LOT 29, S 10 OF LOT 30

Ownership

  • Current Owner : PALMERSHEIM ROBERT J
  • Current Owner 2: PALMERSHEIM ROBIN E
  • Previous Owner : LEE M TERESA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety
  • Owner Generation Identifier: III

Neighborhood

  • School District Name: Portland School District 1J
  • Census Tract: 001702

Zoning

  • Zoning: R5

Geography

  • Account Number: R824507270
  • Parcel: R284848
  • Block: 15
  • Lot: 29,30
  • Meridian: SEC 33 TWN 01N RNG 02E
  • Latitude: 45.5249
  • Longitude: -122.574

    Address

  • Full Address: 301 Ne 87th Ave
  • Address - House Number: 301
  • Street Direction: NE
  • Address - Street Name: 87th
  • Address - Suffix Type: Ave
  • State: OR
  • City Name: Portland
  • Carrier Code: C001
  • 4-Digit Zip Code: 5932
  • Zip Code: 97220

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,482
  • Tax Rate Code Area: 201

    Appraisal Valuation

  • Standard Deviation: 0.1675
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 78
  • Final Value: 528,856
  • High Value: 617,440
  • Low Value: 440,272

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $134,800
  • First Open Lien Mortgage Lender: WASHINGTON MUTUAL BANK
  • First Open Lien Mortgage Recording Date: Feb 02, 1996
  • First Open Lien Mortgage Loan Amount: $134,800
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2026

    Market Valuation

  • Market Total Value: $467,230
  • Market Land Value: $245,000
  • Market Improvement Value: $222,230

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $206,870

    Sales

  • Current Sale Contract Date: Feb 01, 1996
  • Current Sale Recording Date: Feb 02, 1996
  • Current Sale Transaction ID: 1100083125
  • Current Sale Price: $139,000
  • Current Sale Document Type: Individual Deed
  • Current Sale Input Document Number: 96017494

    Last Sale Mortgage

  • First Mortgage Lender: WASHINGTON MUTUAL BANK
  • First Mortgage Transaction Date: Feb 02, 1996
  • First Mortgage Loan Amount: $134,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Mar 01, 2026

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Frequently Asked Questions

What neighborhood is 301 Northeast 87th Avenue located in?
The 301 Northeast 87th Avenue is a located in the neighborhood of Montavilla in Southeast Uplift, Portland.
What is the average sales price for listings in 301 Northeast 87th Avenue?
The average sales price for units in 301 Northeast 87th Avenue is $0 currently.

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