masterkey logo
5624 NE 12th Ave
Score
0
Portland, OR

5624 NE 12th Ave

452K
3 bd • 1 ba • 1,188 sf

This analysis was generated on 1/27/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

0:00
0:00 / 0:00
List Price

$451,600

Price/Sq.Ft

$380

Year Built

AI Property Analysis

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

The Good

• Relatively moderate price per square foot: At $380.13 per sqft, the property is priced competitively compared to other areas of Portland, potentially making it an accessible option for first-time homebuyers or budget-conscious buyers. • 3 bedrooms: The property has three bedrooms, which meets the needs of many families or individuals needing extra space for guests or home offices. • Potential for customization: The lack of specific features and the dated kitchen (based on the image) offer a blank canvas for buyers who wish to renovate and customize the home to their liking. • Location: The property is located in Portland, which offers access to a vibrant city with various amenities, public transportation, arts, culture, and recreational opportunities. • Homeownership potential: For buyers currently renting a 3-bedroom unit at $3180 per month, this property could offer a more affordable option in terms of monthly payments once taxes and insurance are considered.

The Bad

• Lack of detailed property information: The absence of a property description, room details, and utility information makes it difficult to assess the property's true condition and value, requiring more due diligence from potential buyers. • Unknown year built: The missing build year makes it challenging to assess the property's condition and potential maintenance needs. Older homes may require more repairs and upgrades. • No listed property features: The lack of listed features makes it harder to evaluate the property's amenities compared to similar homes in the area. • Dated kitchen: Based on the provided image, the kitchen appears outdated. This could be a drawback for buyers seeking modern homes and may require immediate renovation. • Limited square footage: At 1,188 sqft, the house is smaller than average, which may not be suitable for larger families or those needing more space.

The Ugly

• Potential for hidden issues: The lack of property details and the unknown build year raise concerns about the potential for hidden issues such as structural problems, outdated systems, or environmental hazards like lead paint or radon. • Need for immediate renovations: The outdated kitchen (based on the image) may require immediate renovations, adding to the overall cost of ownership and potentially making it less appealing to buyers seeking a move-in ready home. • High property taxes and insurance: Portland has high property taxes and homeowners insurance premiums, which can significantly increase the monthly cost of ownership and make the property less affordable for some buyers. • Seismic risk: Portland's location in the Cascadia Subduction Zone means the property is at risk of earthquakes, requiring additional insurance coverage and potential seismic upgrades. • Air quality concerns: Wildfires in recent years have significantly impacted air quality in Portland, particularly during summer and fall, which may be a concern for buyers with respiratory sensitivities.

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

• First-time homebuyers looking for an entry-level property in a competitive market. The price per square foot ($380.13) is relatively moderate compared to some areas of Portland, making it accessible for buyers on a budget. • DIY enthusiasts or investors willing to update and modernize the kitchen and other areas. The property’s lack of detailed features and outdated kitchen (based on the image) provide a blank canvas for improvements and value appreciation. • Renters looking to transition to homeownership with a monthly housing payment similar to or lower than current rental costs. With potential monthly mortgage costs (including taxes and insurance) possibly below the $3180 monthly rent for a 3-bedroom, the property could be more affordable than renting. • Buyers who prioritize location over modern amenities. Given the lack of information about the property’s specific features, its location in Portland is likely a key selling point, especially for those seeking access to city amenities, public transportation, and cultural attractions. • Buyers who are comfortable with older homes and willing to address potential issues like lead paint or radon. The lack of a listed build year suggests the property may be older, requiring a more proactive approach to potential home maintenance and environmental hazards.

Not For

• Buyers who require modern, updated homes with specific amenities and high-end finishes. The lack of features and a dated kitchen (based on the image) indicate that this property may need significant updates. • Buyers with a limited budget who are not prepared to invest additional funds into renovations or upgrades. The likely need for repairs and updates may increase the total cost of ownership beyond the listed price. • Buyers who are risk-averse and not comfortable with the uncertainties of older homes. The lack of a build year and specific property information suggests there may be hidden issues requiring further investigation. • Buyers who prioritize spacious living areas. At 1,188 square feet, the house is not particularly large, and may not be suitable for larger families or those seeking ample living space. • Buyers who prefer turnkey properties with minimal maintenance requirements. The property's condition and lack of information suggest that it may require immediate attention and regular maintenance.
Demographics
Area Median Income

$93,743

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

Get a detailed estimate on Zillow
Unlock Premium Features

Supercharge Your Property Analysis

Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.

Best for serious buyers
  • Unlimited AI analysis
  • Unlimited AI chat
  • Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$451,600
Price/sqft
$380
Layout
3 bd1 ba
0

Stats in the Area

Based on 5 comparable properties nearby

Average Price

$482,580

6.4%

Your price is 6.4% below average

Median Price

$499,900

9.7%

Based on 5 recent sales

Price per Sq.Ft

$393

3.3%

Your price is 3.3% below average $/sqft

Comparable Properties

6405 NE 6TH AVE, Portland, OR 97211
Price: $523,000
Sq.Ft: 1,231
Beds/Baths: 3/2
$/Sq.Ft:
$42511.8%
Sale Date: 12/12/2024
1056 NE MADRONA ST, Portland, OR 97211
Price: $540,000
Sq.Ft: 1,257
Beds/Baths: 3/2
$/Sq.Ft:
$43013.0%
Sale Date: 9/20/2024
6332 NE 10TH AVE, Portland, OR 97211
Price: $365,000
Sq.Ft: 1,368
Beds/Baths: 4/2
$/Sq.Ft:
$26729.8%
Sale Date: 10/9/2024
4525 N KERBY AVE, Portland, OR 97217
Price: $499,900
Sq.Ft: 1,330
Beds/Baths: 3/2
$/Sq.Ft:
$3761.1%
Sale Date: 9/26/2024
7511 NE Rodney AVE, Portland, OR 97211
Price: $485,000
Sq.Ft: 1,036
Beds/Baths: 3/2
$/Sq.Ft:
$46823.2%
Sale Date: 8/9/2024

Frequently Asked Questions

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Join 1,000+ buyers

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow listing.

Free Analysis
AI-Powered Insights
Instant Results