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1309 SE 40th Ave
Score
75
Portland, OR

1309 SE 40th Ave

735K
3 bd • 2 ba • 2,091 sf

This analysis was generated on 3/13/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$735,000

Price/Sq.Ft

$352

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Balcony: Adds architectural interest and outdoor living space • Well-maintained landscaping: Enhances curb appeal and property value • New or well-maintained fence: Provides privacy and security • Fresh exterior paint • Well-maintained landscaping • Balcony • Fenced yard • Price Position: The property's price per square foot is $351.51, which is 14.13% higher than the median price per square foot of $308 in 97214. • Appreciation Trend: Homes in 97214 have sold for 1.2% less than they did a year ago, indicating a slight price correction. • Potential Equity: Property could be worth up to $20,000 more than the asking price • Rental Income: $3,180/month with 95% occupancy (4.2% cap rate) • Schools: Unable to assess school impact on property value due to lack of school data. • Future Development: No specific planned developments are mentioned in the provided data. • The house appears to have good natural light, especially on the front side with the balcony. The large windows allow ample sunlight to enter the rooms.
Balcony

Balcony

Adds architectural interest and outdoor living space.

Well-maintained landscaping

Well-maintained landscaping

Enhances curb appeal and property value.

New or well-maintained fence

New or well-maintained fence

Provides privacy and security.

The Bad

• Potential for rising interest rates could dampen buyer demand. • Lack of specific property details (year built, features, etc.) makes accurate valuation challenging. • Absence of crime data limits a comprehensive risk assessment.

The Ugly

No critical issues identified

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

Rental Property Investors: Potential annual revenue of $38,160 with 95% occupancy rate Value Investors: Projected 15.0% appreciation potential in moderate scenario

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$82,549

Property History

Price History
Ownership Timeline
$640,000Financed
May 27, 2020
Eugene E CarnealAdam Derek O Grady, Kumiko O Grady
Warranty Deed
Standard Sale (Purchase/Resales)
$521,850Financed
Apr 8, 2017
Louise Lichtenstein, Louise NelsonEugene E Carneal
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jul 19, 2005
Louise L NelsonLouise Nelson, The Louise Nelson Trust
Intrafamily Transfer
Non-Arm's Length Transactions
$232,000Cash Purchase
Jun 9, 2004
Mary E Bushman, Gerald F BushmanLouise L Nelson
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Feb 24, 2000
Carey L MacnaughtonMacnaughton Partners Llc
Bargain And Sale Deed
Non-Arm's Length Transactions
$129,500Financed
Feb 24, 2000
Macnaughton Partners LlcGerald F Bushman, Mary E Bushman
Warranty Deed
Standard Sale (Purchase/Resales)

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Financials

Monthly Costs
Market Rent (3 bed)

$1,850

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$735,000
Price/sqft
$352
Layout
3 bd2 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$733,820

0.2%

Your price is 0.2% above average

Median Price

$775,000

5.2%

Based on 6 recent sales

Price per Sq.Ft

$337

4.3%

Your price is 4.3% above average $/sqft

Comparable Properties

5712 SE WASHINGTON ST, Portland, OR 97215
Price: $775,000
Sq.Ft: 2,196
Beds/Baths: 3/2
$/Sq.Ft:
$3530.4%
Sale Date: 2/14/2025
2361 SE 53RD AVE, Portland, OR 97215
Price: $807,500
Sq.Ft: 2,356
Beds/Baths: 3/2
$/Sq.Ft:
$3432.5%
Sale Date: 2/6/2025
1711 SE 38TH AVE, Portland, OR 97214
Price: $799,000
Sq.Ft: 2,321
Beds/Baths: 4/2
$/Sq.Ft:
$3442.1%
Sale Date: 1/9/2025
3739 SE MAIN ST, Portland, OR 97214
Price: $625,000
Sq.Ft: 1,707
Beds/Baths: 4/2
$/Sq.Ft:
$3664.2%
Sale Date: 1/31/2025
1309 SE 40TH AVE, Portland, OR 97214
Price: $735,000
Sq.Ft: 2,091
Beds/Baths: 3/2
$/Sq.Ft:
$3520.0%
Sale Date: 11/20/2024
2303 SE 37TH AVE, Portland, OR 97214
Price: $661,417
Sq.Ft: 2,486
Beds/Baths: 3/2
$/Sq.Ft:
$26624.3%
Sale Date: 1/8/2025

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