NOT LISTED FOR SALE

6047 E Burnside St Unit 6051 Portland, OR 97215

North Tabor Neighborhood

Estimated Value: $651,000 - $869,000

5 Beds
3 Baths
4,440 Sq Ft
$162/Sq Ft Est. Value

Last Sold April 19, 2024

Last sale price $675,000 $152 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,710/month

8 Days on Market

Highlights

  • Territorial View
  • Landscaped with Trees
  • Laundry Facilities
  • No HOA
  • Forced Air Heating System
  • Controlled Entrance

About This Home

As of April 2024

Incredible location near Mt. Tabor Park, shopping, bus, MAX, restaurants, etc. Wonderful walking neighborhood. Spacious units with individual sizable storage rooms. Secure entrances into common area offers residents peace of mind. Easy to keep rented in this highly desirable area. Dry basement with high ceiling offers potential. Original blueprint shows garage plan where oversized carport is now - consider increasing value & appeal by finishing. CM2 Zoning offers additional potential & flexibility of options. One unit is ready to move into! Ask your lender about special financing for owner occupied buyers of 2-4 unit properties with 5% down. Start your rental portfolio here!

Last Listed By

Maria Sworske

Realty ONE Group Prestige License #960500071 Listed on: 03/07/2024

Realty ONE Group Prestige

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,553

Year Built

  • Built in 1984

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot
  • Landscaped with Trees

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,440 Sq Ft Home
  • 2-Story Property
  • Territorial Views
  • Security Lights

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • 3 Parking Spaces
  • Carport
  • Controlled Entrance

Schools

  • Vestal Elementary School
  • Mt Tabor Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R230655

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • North Tabor Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $12,020
  • Gross Income $45,600
  • Net Operating Income $33,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,553

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1984
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • PublicRemarksAmenities: --Mt Tabor Nature Trails, Shopping and Fun commercial strips within 1/2 - 1 mile....2 Secure Entrances....3 Furnaces...2 in attic, 1 in basement....Newer Washing Machine
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement, StorageSpace, Unfinished
  • Storage: Basement,IndividualStorageUnits
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level, Trees
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: Carport, Covered
  • Attached Garage: No
  • Total Parking Spaces: 3.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Security: Entry, SecurityLights
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry
  • Association: No
  • Neighborhood Features: Fun Commericial Strips & 191 Acre Park

Schools

  • Elementary School: Vestal
  • High School: Franklin
  • Middle Or Junior School: Mt Tabor

Lot Info

  • Zoning: CM2
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R230655

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 8553.26

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 14.8
  • Annual Gross Income: 45600.0
  • Property Net Operating Income: 33580.0
  • Annual Operating Expense: 12020.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2024
Closed on
Apr 18, 2024
Sold by
Smith Carol Jean
Bought by
Stegeman Kim Heather and Saul Jana
Seller's Agent
Maria Sworske
Realty ONE Group Prestige
Buyer's Agent
Hope Beraka
Think Real Estate
List Price
$675,000
Sold Price
$675,000
Total Days on Market
8
Views
49
Current Estimated Value
$717,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,541
Avg. Annual Appreciation
6.11%
Original Mortgage
$641,250
Outstanding Balance
$635,157
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$82,384

Purchase Details

Closed on
Jul 21, 1999
Sold by
The Watson Trust
Bought by
Smith Carol Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.51%
Mortgage Type
Seller Take Back

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Stegeman Kim Heather $675,000 First American Title
Smith Carol Jean $230,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stegeman Kim Heather $641,250
Previous Owner Smith Carol Jean $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2024 04/19/24 Sold $675,000 0.0% $152 / Sq Ft
03/16/2024 03/16/24 Pending -- -- --
03/07/2024 03/07/24 For Sale $675,000 -- $152 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $8,553 $322,780 $0 $0
2022 $8,368 $313,380 $0 $0
2021 $8,226 $304,260 $0 $0
2020 $7,547 $295,400 $0 $0
2019 $7,269 $286,800 $0 $0
2018 $7,055 $278,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24328778

Regional Multiple Listing Service (RMLS)

APN: R230655