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5433 Southeast 87th Avenue

5433 Southeast 87th Avenue, Portland, OR 97266
Property in Lents
Sold Aug 20, 2015
$188,000
$141,000 by Flagstar Bank Fsb
Mortgage Due Sep 01, 2045
Sold Jul 29, 2005
$299,000
$209,300 by Axis Mortgage & Investments
Mortgage Due Aug 01, 2035
Local assessors in Portland, OR have categorized 5433 Southeast 87th Avenue as a residential type of property. The home was built in 1969 and is 55 years old. The property's lot size has been calculated to be 5,060 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 8 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5433 Southeast 87th Avenue has a total of 1,560 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a storm sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a steel frame or truss style roof that was made of composition shingle. Lots of a combination of material were used in the construction of the exterior walls of the home. The home's baseboard heaters is the primary heating source and it is being fueled with oil. 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, 5433 Southeast 87th Avenue sold most recently in Mar 19, 2015 for a total of $188,000. If you work out the math, that's approximately a cost of $120.51 per sqft. Before that, the property was also sold for $299,000 in Jul 27, 2005. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $3,482 in taxes each year. 5433 Southeast 87th Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $131,410. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Combination
  • Roof Shape Type: Steel frame or truss
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 8
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,060
  • Total Building Area: 1,560
  • Gross Building Area: 1,560
  • Building Area: 1,560
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Baseboard
  • Heated Square Feet: 1,560
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Storm
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RAYBURN PK
  • Land Acres: 0.116
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: RAYBURN PK, BLOCK 3, LOT 4&5 TL 4800

Ownership

  • Current Owner : SU HONG ZHENG
  • Previous Owner : VANGORDON RYAN SCOTT
  • Owner Before Previous Owner: MAES MARY A

Neighborhood

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

Zoning

  • Zoning: RM1

Geography

  • Account Number: R691800560
  • Parcel: R252806
  • Block: 3
  • Lot: 4,5
  • Meridian: SEC 16 TWN 01S RNG 02E
  • Latitude: 45.4831
  • Longitude: -122.574

    Address

  • Full Address: 5433 Se 87th Ave
  • Address - House Number: 5433
  • Street Direction: SE
  • Address - Street Name: 87th
  • Address - Suffix Type: Ave
  • State: OR
  • City Name: Portland
  • Carrier Code: C056
  • 4-Digit Zip Code: 4763
  • Zip Code: 97266

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,482
  • Tax Rate Code Area: 703

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 80
  • Final Value: 375,957
  • High Value: 434,655
  • Low Value: 317,258

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $141,000
  • First Open Lien Mortgage Lender: FLAGSTAR BANK FSB
  • First Open Lien Mortgage Recording Date: Aug 20, 2015
  • First Open Lien Mortgage Loan Amount: $141,000
  • 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: Sep 01, 2045

    Market Valuation

  • Market Total Value: $390,850
  • Market Land Value: $204,000
  • Market Improvement Value: $186,850

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $131,410

    Sales

  • Current Sale Contract Date: Mar 19, 2015
  • Current Sale Recording Date: Aug 20, 2015
  • Current Sale Transaction ID: 1258006873
  • Current Sale Price: $188,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2015-107744
  • Previous Sale Recording Date: Jul 29, 2005
  • Previous Sale Contract Date: Jul 27, 2005
  • Previous Sale Amount: $299,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FLAGSTAR BANK FSB
  • First Mortgage Transaction Date: Aug 20, 2015
  • First Mortgage Loan Amount: $141,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2045

    Previous Mortgages

  • Previous Mortgage Lender: AXIS MORTGAGE & INVESTMENTS
  • Previous Mortgage Transaction Date: Jul 29, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $209,300
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Aug 01, 2035

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Frequently Asked Questions

What neighborhood is 5433 Southeast 87th Avenue located in?
The 5433 Southeast 87th Avenue is a located in the neighborhood of Lents in East Portland, Portland.
What is the average sales price for listings in 5433 Southeast 87th Avenue?
The average sales price for units in 5433 Southeast 87th Avenue is $0 currently.

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