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5450 Southeast 87th Avenue

5450 Southeast 87th Avenue, Portland, OR 97266
House in Lents
Sold May 21, 2021
$530,000
$430,000 by Guild Mortgage Co
Mortgage Due Jun 01, 2051
Sold Oct 11, 2016
$280,000
$266,000 by Sierra Pacific Mortgage Co Inc
Mortgage Due Nov 01, 2046
5450 Southeast 87th Avenue in Portland, OR was first built in 1983 and is 41 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown style. It is a single story home. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 5450 Southeast 87th Avenue has 1,900 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 440 ft and the linear feet between the front and back of the lot is 1,170. In total, the area measurement of the land is 5,148 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of composition shingle. Water for the property is sourced from a water system. The property is connected to a storm sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed in this manner. For those who need parking, there is a attached garage. The garage is 520 sqft. There are a total of 3 available parking spaces. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heat pump. 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, 5450 Southeast 87th Avenue was last sold in May 20, 2021 for $530,000. According to our calculations, that's $219.01 per sqft. Prior to that sales transaction, the property was sold for $280,000 in Oct 5, 2016. Current property owners are expected to pay $6,692 in taxes per year. The property on 5450 Southeast 87th Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $252,550. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

Building Features

Exterior

Wood Siding

Driveway

Driveway

Parking

On-Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: Average
  • Building Style: Unknown
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 520
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 5,148
  • Lot Size Depth Feet: 1,170
  • Lot Size Frontage Feet: 440
  • Total Building Area: 2,420
  • Gross Building Area: 2,420
  • Building Area: 1,900
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,900
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Storm
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RAYBURN PK
  • Land Acres: 0.118
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RAYBURN PK, BLOCK 4, S 12 OF LOT 7, N 32 OF LOT 8

Ownership

  • Current Owner : GILES MICHAEL BRANDON
  • Previous Owner : LAMINA OLOLADE
  • Previous Owner 2: KARNITZ LAUREN
  • Owner Before Previous Owner: MEDINA CELESTE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R5

Geography

  • Account Number: R691800820
  • Parcel: R252815
  • Block: 4
  • Lot: 7,8
  • Meridian: SEC 16 TWN 01S RNG 02E
  • Latitude: 45.4827
  • Longitude: -122.573

    Address

  • Full Address: 5450 Se 87th Ave
  • Address - House Number: 5450
  • Street Direction: SE
  • Address - Street Name: 87th
  • Address - Suffix Type: Ave
  • State: OR
  • City Name: Portland
  • Carrier Code: C056
  • 4-Digit Zip Code: 4715
  • Zip Code: 97266

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,692
  • Tax Rate Code Area: 703

    Appraisal Valuation

  • Standard Deviation: 0.2077
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 71
  • Final Value: 566,872
  • High Value: 684,644
  • Low Value: 449,099

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $430,000
  • First Open Lien Mortgage Lender: GUILD MORTGAGE CO
  • First Open Lien Mortgage Recording Date: May 21, 2021
  • First Open Lien Mortgage Loan Amount: $430,000
  • 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: Jun 01, 2051

    Market Valuation

  • Market Total Value: $515,120
  • Market Land Value: $204,000
  • Market Improvement Value: $311,120

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $252,550

    Sales

  • Current Sale Contract Date: May 20, 2021
  • Current Sale Recording Date: May 21, 2021
  • Current Sale Transaction ID: 11835959328
  • Current Sale Price: $530,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-080541
  • Previous Sale Recording Date: Oct 11, 2016
  • Previous Sale Contract Date: Oct 05, 2016
  • Previous Sale Amount: $280,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUILD MORTGAGE CO
  • First Mortgage Transaction Date: May 21, 2021
  • First Mortgage Loan Amount: $430,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: SIERRA PACIFIC MORTGAGE CO INC
  • Previous Mortgage Transaction Date: Oct 11, 2016
  • Previous Mortgage Loan Amount: $266,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2046

About East Portland



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3423-3427 Se 58th Ave #3427 SE 58th Ave, Portland, OR, 97206 Listing by Manager

Frequently Asked Questions

What neighborhood is 5450 Southeast 87th Avenue located in?
The 5450 Southeast 87th Avenue is a house located in the neighborhood of Lents in East Portland, Portland.
What is the average sales price for listings in 5450 Southeast 87th Avenue?
The average sales price for units in 5450 Southeast 87th Avenue is $0 currently.

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