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7418 North Portsmouth Avenue

7418 North Portsmouth Avenue, Portland, OR 97203
Sold Oct 06, 2020
$599,000
$389,000 by Guild Mortgage Co
Mortgage Due Oct 01, 2050
Sold Apr 28, 2020
$358,000
$10,000,000 by Bridge Mortgage Fund Llc
Mortgage
7418 North Portsmouth 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 4 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, 7418 North Portsmouth Avenue has 1,596 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,050 ft and across the front of the lot is 730 ft. The area measurement of the land has been determined as 7,665 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow 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 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 gas. 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, 7418 North Portsmouth Avenue was last sold in Sep 26, 2020 for $599,000. According to our calculations, that's $226.04 per sqft. Prior to that sales transaction, the property was sold for $358,000 in Apr 7, 2020. Current property owners are expected to pay $5,678 in taxes per year. The property on 7418 North Portsmouth Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $214,260. 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.

Building Features

Exterior

Aluminum Siding

Driveway

Driveway

Parking

On-Street Parking
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: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: Good
  • Building Style: Bungalow
  • Exterior Walls Type: Metal
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 1,054
  • Parking Space Count: 0
  • Porch Type: Screened porch

    Dimensions

  • Lot Size Square Feet: 7,665
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 730
  • Total Building Area: 2,650
  • Gross Building Area: 3,010
  • Building Area: 1,596
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,596
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: UNIVERSITY PK
  • Land Acres: 0.176
  • Standard Land Use Code: Single family residential
  • Legal Description 1: UNIVERSITY PK, BLOCK 40, N 6 2/3 OF LOT 2, LOT 3, LOT 4

Ownership

  • Current Owner : BROWN MICHAEL J
  • Current Owner 2: BROWN MARY H
  • Previous Owner : LEADER SHIP ENTERPRISES LLC
  • Owner Before Previous Owner: FEDERAL HOME LOAN MORTGAGE CORPORATION
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Portland School District 1J
  • Census Tract: 004002

Zoning

  • Zoning: R5

Geography

  • Account Number: R851300290
  • Parcel: R291767
  • Block: 40
  • Lot: 2,3,4
  • Meridian: SEC 07 TWN 01N RNG 01E
  • Latitude: 45.5812
  • Longitude: -122.725

    Address

  • Full Address: 7418 N Portsmouth Ave
  • Address - House Number: 7418
  • Street Direction: N
  • Address - Street Name: Portsmouth
  • Address - Suffix Type: Ave
  • State: OR
  • City Name: Portland
  • Carrier Code: C006
  • 4-Digit Zip Code: 4243
  • Zip Code: 97203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,678
  • Tax Rate Code Area: 201

    Appraisal Valuation

  • Standard Deviation: 0.1672
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 78
  • Final Value: 648,896
  • High Value: 757,411
  • Low Value: 540,381

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $389,000
  • First Open Lien Mortgage Lender: GUILD MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Oct 06, 2020
  • First Open Lien Mortgage Loan Amount: $389,000
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $660,780
  • Market Land Value: $315,000
  • Market Improvement Value: $345,780

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $214,260

    Sales

  • Current Sale Contract Date: Sep 26, 2020
  • Current Sale Recording Date: Oct 06, 2020
  • Current Sale Transaction ID: 11789962494
  • Current Sale Price: $599,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020-129969
  • Previous Sale Recording Date: Apr 28, 2020
  • Previous Sale Contract Date: Apr 07, 2020
  • Previous Sale Amount: $358,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUILD MORTGAGE CO
  • First Mortgage Transaction Date: Oct 06, 2020
  • First Mortgage Loan Amount: $389,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: BRIDGE MORTGAGE FUND LLC
  • Previous Mortgage Transaction Date: Apr 28, 2020
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $10,000,000
  • Previous Mortgage Loan Type: Credit Line (Revolving)

About North Portland



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Frequently Asked Questions

What neighborhood is 7418 North Portsmouth Avenue located in?
The 7418 North Portsmouth Avenue is a house located in the neighborhood of University Park in North Portland, Portland.
What is the average sales price for listings in 7418 North Portsmouth Avenue?
The average sales price for units in 7418 North Portsmouth Avenue is $599,000 , or $220/sqft. currently.

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