Bought with Reger Homes, LLC
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Key Details
Sold Price $677,500
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,181 sqft
Price per Sqft $573
Subdivision Concordia/Alberta Arts
MLS Listing ID 23123902
Sold Date 10/25/23
Style Mid Century Modern, Ranch
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1951
Annual Tax Amount $4,397
Tax Year 2022
Lot Size 5,227 Sqft
Property Description
Dialed-in 2 bedroom 1 bath mid-century compact ranch right off Alberta with a gorgeous detached income producing ADU! The house has been redone to create an open floor plan that's both stylish and cozy, and with south and west facing windows natural light is an abundance. The kitchen and bathroom are classically updated in a timeless style. The primary bedroom is roomy and the hall has both a hall closet and built-ins to maximize storage. A utility room off the back of the house and a nicely built shed offer more storage. For only 740sf, this house lives large! The detached ADU studio with a private entrance offers lucrative passive income through short term rental opportunities in one of Portland's most popular neighborhoods for visitors. With cork floors and nice finishes, The ADU feels airy and warm with an open plan, and for more privacy, the sleeping area can be curtained off from the main living area. Sellers have run a successful AirBnB short term rental that books quickly and is highly rated for the space and location. Income from the ADU can help a buyer qualify for a higher mortgage amount and off set the whole mortgage payment. With a fold-out couch and a queen size bed, the ADU easily sleeps 4 people. A pull-down ladder leads to a large storage space in the ADU attic. The large patio in front of the ADU is perfect for four season outdoor hang outs and the rest of the yard is roomy and fenced for all sorts of backyard fun. The laundry is shared by both units and is accessible from the patio in front of the ADU. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10183700]
Location
State OR
County Multnomah
Area _142
Rooms
Basement Crawl Space
Interior
Interior Features Hardwood Floors, Wood Floors
Heating Forced Air
Appliance Dishwasher, Free Standing Gas Range, Free Standing Range, Free Standing Refrigerator, Gas Appliances, Plumbed For Ice Maker, Range Hood, Stainless Steel Appliance, Tile
Exterior
Exterior Feature Auxiliary Dwelling Unit, Covered Arena, Covered Deck, Covered Patio, Deck, Fenced, Garden, Guest Quarters, Outbuilding, Patio, Porch, Raised Beds, Second Residence, Tool Shed, Yard
Garage Converted
View Y/N false
Roof Type Composition
Parking Type Driveway, On Street
Garage Yes
Building
Lot Description Level
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 1
New Construction No
Schools
Elementary Schools Vernon
Middle Schools Vernon
High Schools Jefferson
Others
Senior Community No
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
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Cassandra Marks
Realtor, Licensed in OR & WA | License ID: 201225764
Realtor, Licensed in OR & WA License ID: 201225764