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5319 Southeast 87th Avenue

5319 Southeast 87th Avenue, Portland, OR 97266
Property in Lents
Sold Mar 17, 2022
$410,000
$389,500 by Rocket Mortgage Llc
Mortgage Due Apr 01, 2052
Sold Jul 01, 2021
$385,000
5319 Southeast 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 1925 and is 99 years old. The home has a total of 3 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, 5319 Southeast 87th Avenue has 1,344 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 1,020 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 linear feet between the front and back of the lot is 1,170 ft and across the front of the lot is 700 ft. The area measurement of the land has been determined as 4,947 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. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 396 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying both a screened porch and a unknown. Moving on to the building itself. The condition of the building has been evaluated as good. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of metal. 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. It is connected to a storm sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though you may still need to pay additional fees to have your wastewater disposed in this manner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5319 Southeast 87th Avenue sold most recently in Mar 16, 2022 for a total of $410,000. If you work out the math, that's approximately a cost of $198.64 per sqft. Before that, the property was also sold for $385,000 in Jun 26, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,011 in taxes each year. 5319 Southeast 87th Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $113,630. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: Good
  • Building Style: Unknown
  • Exterior Walls Type: Metal
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,020
  • Garage Type: Detached
  • Garage Square Area: 396
  • Parking Space Count: 1
  • Porch Type: Screened porch

    Dimensions

  • Lot Size Square Feet: 4,947
  • Lot Size Depth Feet: 1,170
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,064
  • Gross Building Area: 2,064
  • Building Area: 1,344
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,344
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Storm
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RAYBURN PK
  • Land Acres: 0.114
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RAYBURN PK, BLOCK 2, LOT 2&3 TL 4100

Ownership

  • Current Owner : RAMIREZ FELIX
  • Current Owner 2: RAMIREZ HAU
  • Previous Owner : GROUNDBREAKERS CONSTRUCTION & DEVELOPMEN
  • Owner Before Previous Owner: KING MICHALE ALLEN
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Portland School District 1J
  • Census Tract: 000601

Zoning

  • Zoning: R5

Geography

  • Account Number: R691800320
  • Parcel: R252799
  • Block: 2
  • Lot: 2,3
  • Meridian: SEC 16 TWN 01S RNG 02E
  • Latitude: 45.4844
  • Longitude: -122.574

    Address

  • Full Address: 5319 Se 87th Ave
  • Address - House Number: 5319
  • Street Direction: SE
  • Address - Street Name: 87th
  • Address - Suffix Type: Ave
  • State: OR
  • City Name: Portland
  • Carrier Code: C052
  • 4-Digit Zip Code: 3811
  • Zip Code: 97266

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,011
  • Tax Rate Code Area: 703

    Appraisal Valuation

  • Standard Deviation: 0.1729
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 77
  • Final Value: 407,850
  • High Value: 478,393
  • Low Value: 337,308

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $389,500
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Mar 17, 2022
  • First Open Lien Mortgage Loan Amount: $389,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2052

    Market Valuation

  • Market Total Value: $352,210
  • Market Land Value: $202,500
  • Market Improvement Value: $149,710

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $113,630

    Sales

  • Current Sale Contract Date: Mar 16, 2022
  • Current Sale Recording Date: Mar 17, 2022
  • Current Sale Transaction ID: 11882410807
  • Current Sale Price: $410,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 28455
  • Previous Sale Recording Date: Jul 01, 2021
  • Previous Sale Contract Date: Jun 26, 2021
  • Previous Sale Amount: $385,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Mar 17, 2022
  • First Mortgage Loan Amount: $389,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: Apr 01, 2052

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Frequently Asked Questions

What neighborhood is 5319 Southeast 87th Avenue located in?
The 5319 Southeast 87th Avenue is a located in the neighborhood of Lents in East Portland, Portland.
What is the average sales price for listings in 5319 Southeast 87th Avenue?
The average sales price for units in 5319 Southeast 87th Avenue is $0 currently.

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