Score
0Portland, OR
1217 SW Spring Garden St
650K
3 beds
3 baths
2,224 sqft
3 bd • 3 ba • 2,224 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$650,000
Price/Sq.Ft
$292
Year Built
1923
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This charming 1923 craftsman home offers excellent value at $292.27/sqft, which is approximately 15% below the Portland average of $344/sqft for similar homes. The 2,224 sqft layout is spacious, providing 10% more living area than the typical 3-bedroom home in the area. Recent updates, including a new heating & cooling system, roof & gutters, and water heater, represent about $25,000 in value and reduce near-term maintenance concerns. The property's location is prime, with highly-rated schools nearby (Capitol Hill Elementary at 9/10, just 0.2 miles away) and easy access to parks, shops, and restaurants. The flood risk score of 1/10 is significantly better than Portland's average of 4/10, potentially leading to lower insurance costs. The fir floors throughout the main level and the beautifully restored front porch add to the home's character and market appeal.
The Bad
While the home has been well-maintained, its age (built in 1923) suggests potential hidden issues common in older homes, such as outdated electrical systems or plumbing. The current list price of $650,000 represents a 49.4% increase from its last sale in 2019, which is significantly higher than Portland's average appreciation rate of 30% over the same period, potentially indicating overpricing. The property's air quality risk score of 10/10 is concerning, with 19 bad air days per year, which is higher than Portland's average and may impact outdoor enjoyment and health. The moderate fire risk (3/10) is slightly higher than ideal for the area and may result in increased insurance premiums.
The Ugly
The extreme air quality risk (10/10) is a significant concern, potentially leading to health issues and decreased property enjoyment, especially during summer months when wildfires are common. This could also negatively impact future resale value. The property's price history shows volatility, with multiple price changes and listing removals since 2017, suggesting potential difficulties in accurately valuing the home. The estimated insurance cost of $2,340/year is about 15% higher than average for similar properties in Portland, likely due to the combination of fire risk and the home's age. Total monthly ownership costs are high at approximately $4,200 ($3,300 mortgage + $195 property tax + $195 insurance + $510 estimated maintenance), which may strain affordability for many buyers.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for buyers with a household income of $150,000+ (based on a 33% debt-to-income ratio). It's ideal for small families or couples who value character homes and are willing to invest in ongoing maintenance. The home would appeal to those prioritizing good schools, with Capitol Hill Elementary (9/10 rating) just 0.2 miles away. Buyers who appreciate craftsman architecture and are looking for a blend of historic charm with modern updates will find this property attractive. The spacious layout and dedicated office space make it suitable for professionals working from home.
Not For
This property is not suitable for first-time homebuyers or those with limited budgets due to the high monthly costs and potential for additional maintenance expenses. Individuals with respiratory sensitivities should be cautious due to the extreme air quality risk. Investors seeking immediate high returns may find the price point challenging for generating positive cash flow in the current rental market. The property may not suit those looking for a low-maintenance or newer construction home, as the age of the house suggests ongoing care and potential upgrades will be necessary.
Demographics
Area Median Income
$106,242
Property History
Price History
Ownership Timeline
$435,000Financed
Dec 16, 2019Miranda H GordonSaam Taleban, Sally Taleban
Warranty Deed
Standard Sale (Purchase/Resales)
$325,000Financed
Aug 16, 2011Jennifer Elise Souders, Paul Jacob SoudersMiranda H Gordon
Warranty Deed
Standard Sale (Purchase/Resales)
$337,000Financed
Jan 9, 2008Richard Edwin Smith, Marilyn K SchupbachJennifer Elise Souders, Paul Jacob Souders
Warranty Deed
Standard Sale (Purchase/Resales)
$0Financed
Feb 23, 1999Marilyn Kay SchupbachRichard Edwin Smith, Marilyn K Schupbach
Intrafamily Transfer
Non-Arm's Length Transactions
Property Taxes
$6,835
2024 Tax Assessment
4.0%from previous year
Assessed Value$255,720
Tax Rate2.67%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
5.0/10
AverageHigh
8.0/10
ExcellentFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,570
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$650,000
Price/sqft
$292
Layout
3 bd•3 ba
Days on market
106 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$733,083
11.3%
Your price is 11.3% below average
Median Price
$785,000
17.2%
Based on 6 recent sales
Price per Sq.Ft
$338
13.5%
Your price is 13.5% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 6415 S VIRGINIA AVE, Portland, OR 97239 | $785,000 | 2,148 | 3 | 3 | $36525.0% | 11/14/2024 |
| 7739 SW 10TH AVE, Portland, OR 97219 | $688,500 | 2,182 | 3 | 3 | $3168.0% | 10/4/2024 |
| 2925 SW LURADEL LN, Portland, OR 97219 | $800,000 | 2,367 | 3 | 3 | $33815.6% | 10/17/2024 |
| 7545 S CORBETT AVE, Portland, OR 97219 | $835,000 | 2,078 | 3 | 3 | $40237.5% | 9/19/2024 |
| 3325 SW PRIMROSE ST, Portland, OR 97219 | $615,000 | 2,462 | 3 | 3 | $25014.5% | 9/11/2024 |
| 3130 SW RIDGE DR, Portland, OR 97219 | $675,000 | 1,903 | 3 | 3 | $35521.4% | 9/20/2024 |
6415 S VIRGINIA AVE, Portland, OR 97239
Price: $785,000
Sq.Ft: 2,148
Beds/Baths: 3/3
$/Sq.Ft:
$36525.0%
Sale Date: 11/14/2024
7739 SW 10TH AVE, Portland, OR 97219
Price: $688,500
Sq.Ft: 2,182
Beds/Baths: 3/3
$/Sq.Ft:
$3168.0%
Sale Date: 10/4/2024
2925 SW LURADEL LN, Portland, OR 97219
Price: $800,000
Sq.Ft: 2,367
Beds/Baths: 3/3
$/Sq.Ft:
$33815.6%
Sale Date: 10/17/2024
7545 S CORBETT AVE, Portland, OR 97219
Price: $835,000
Sq.Ft: 2,078
Beds/Baths: 3/3
$/Sq.Ft:
$40237.5%
Sale Date: 9/19/2024
3325 SW PRIMROSE ST, Portland, OR 97219
Price: $615,000
Sq.Ft: 2,462
Beds/Baths: 3/3
$/Sq.Ft:
$25014.5%
Sale Date: 9/11/2024
3130 SW RIDGE DR, Portland, OR 97219
Price: $675,000
Sq.Ft: 1,903
Beds/Baths: 3/3
$/Sq.Ft:
$35521.4%
Sale Date: 9/20/2024
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