5307 NE 38th Ave

• Updated Kitchen Countertops: The updated countertops add a modern touch to the kitchen and increase its appeal • Outdoor Pizza Oven: The outdoor pizza oven is a unique feature that adds value for those who enjoy outdoor cooking and entertaining • Mini-Split System: The mini-split system provides efficient heating and cooling, which is a valuable feature for potential buyers • Updated Kitchen • Mini-Split System for Heating/Cooling • Outdoor Pizza Oven • Hardwood Floors • Price Position: At $405.82 per square foot, the property is priced significantly higher than the median price per square foot for the 97211 zip code ($322). • Appreciation Trend: The property sold for $430,000 in 2020 and is now listed for $530,000, representing a 23.3% increase over 5 years. However, the neighborhood has seen a -3.4% year-over-year change in median sold price. • Rental Income: $2,270/month with 99% occupancy (0.0% cap rate) • Schools: Strong elementary school rating adds an estimated 3-5% premium to property value. High school options provide choice but may not significantly impact value. • Future Development: Custom-built pergola with heat-reducing roof installed in 2025 enhances outdoor living space. No other major developments immediately planned near the property. • The house appears to have good natural light, especially in the living room and kitchen. The basement has limited natural light due to the small windows. • The layout is functional, with a clear flow between the living spaces. The kitchen is conveniently located near the dining area and backyard. The basement offers additional space that can be used for storage or a recreational area.