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7517 Southeast Reedway Street

7517 Southeast Reedway Street, Portland, OR 97206
Sold Oct 18, 2021
$432,000
$345,600 by United Wholesale Mortgage
Mortgage Due Nov 01, 2051
Sold Oct 31, 2007
$175,000
$140,000 by Hyperion Capital Group Llc
Mortgage Due Nov 01, 2037
Local assessors in Portland, OR have categorized 7517 Southeast Reedway Street as a residential type of property. The home was built in 1954 and is 70 years old. The property's lot size has been calculated to be 5,000 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 500 ft. 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, 3 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 is one full bathroom. There is also a partial bathroom. 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 7517 Southeast Reedway Street has a total of 891 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. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. The garage on the property is 180 sqft. Moving onto specific details regarding the building. Our sources show that the building condition is average. The building has a gable style roof that was made of asphalt and ply sheets in a built-up roof style. Lots of metal 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. 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, 7517 Southeast Reedway Street was last sold in Oct 14, 2021 for $432,000. According to our calculations, that's $484.85 per sqft. Prior to that sales transaction, the property was sold for $175,000 in Oct 25, 2007. Current property owners are expected to pay $3,549 in taxes per year. The property on 7517 Southeast Reedway Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $133,930. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: Average
  • Building Style: Unknown
  • Exterior Walls Type: Metal
  • Roof Shape Type: Gable
  • Roof Cover Type: Built-up
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 180
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 891
  • Gross Building Area: 891
  • Building Area: 891
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Baseboard
  • Heated Square Feet: 891
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WOODMERE
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WOODMERE, BLOCK 3, LOT 18

Ownership

  • Current Owner : BELEFANT BRIAN
  • Current Owner 2: BELEFANT RITA M
  • Previous Owner : WONG STEPHANIE J
  • Previous Owner 2: WONG AARON
  • Owner Before Previous Owner: SASS KIMBERLY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Right of Survivorship

Neighborhood

  • School District Name: Portland School District 1J
  • Census Tract: 000502

Zoning

  • Zoning: R2.5

Geography

  • Account Number: R926600850
  • Parcel: R312051
  • Block: 3
  • Lot: 18
  • Meridian: SEC 17 TWN 01S RNG 02E
  • Latitude: 45.4819
  • Longitude: -122.585

    Address

  • Full Address: 7517 Se Reedway St
  • Address - House Number: 7517
  • Street Direction: SE
  • Address - Street Name: Reedway
  • Address - Suffix Type: St
  • State: OR
  • City Name: Portland
  • Carrier Code: C055
  • 4-Digit Zip Code: 5109
  • Zip Code: 97206

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,549
  • Tax Rate Code Area: 201

    Appraisal Valuation

  • Standard Deviation: 0.1549
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 80
  • Final Value: 380,651
  • High Value: 439,645
  • Low Value: 321,657

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $345,600
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Oct 18, 2021
  • First Open Lien Mortgage Loan Amount: $345,600
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $365,990
  • Market Land Value: $212,500
  • Market Improvement Value: $153,490

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $133,930

    Sales

  • Current Sale Contract Date: Oct 14, 2021
  • Current Sale Recording Date: Oct 18, 2021
  • Current Sale Transaction ID: 11859559361
  • Current Sale Price: $432,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-154897
  • Previous Sale Recording Date: Oct 31, 2007
  • Previous Sale Contract Date: Oct 25, 2007
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Oct 18, 2021
  • First Mortgage Loan Amount: $345,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: HYPERION CAPITAL GROUP LLC
  • Previous Mortgage Transaction Date: Oct 31, 2007
  • Previous Mortgage Loan Amount: $140,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Nov 01, 2037

About Southeast Uplift



Similar Buildings

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Frequently Asked Questions

What neighborhood is 7517 Southeast Reedway Street located in?
The 7517 Southeast Reedway Street is a located in the neighborhood of Mt. Scott - Arleta in Southeast Uplift, Portland.
What is the average sales price for listings in 7517 Southeast Reedway Street?
The average sales price for units in 7517 Southeast Reedway Street is $0 currently.

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