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9457 N Charleston Ave
Portland, OR

9457 N Charleston Ave

490K
3 bd • 3 ba • 1,576 sf

This analysis was generated by artificial intelligence on 2/26/2025. 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

$490,100

Price/Sq.Ft

$311

Year Built

AI Property Analysis

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

The Good

• Competitive Price per Square Foot: The property is listed at $310.98 per square foot. The median price per square foot in Portland is $340. This suggests that the property is competitively priced compared to other homes in the area. • Three Bedrooms and Three Bathrooms: The property has three bedrooms and three bathrooms, which is ideal for families or roommates. This layout provides ample space and privacy for multiple occupants. • Growing Neighborhood: The property is located in the 97203 zip code, which has a median income of $71,498 (2023). This indicates a growing and potentially appreciating area, making it an attractive investment opportunity. • Rental Income Potential: With a three-bedroom rental rate of $2,574 per month (2023), the property has the potential to generate a significant rental income. This could be an attractive investment for landlords or those looking to supplement their income.

The Bad

• Lack of Property Details: The absence of a property description and room details makes it difficult to assess the home's condition, layout, and potential issues. Buyers may need to conduct thorough inspections to uncover hidden problems. • Unknown Year Built: Without knowing the year the home was built, it's impossible to determine its age accurately. Older homes may have outdated systems (plumbing, electrical) and require costly upgrades. It is important to determine the build year before making an offer. • Limited Property Features: The absence of listed property features suggests a lack of unique selling points or amenities. This may impact the property's resale value and appeal to potential buyers. • High Rental Rates: The rental rates in Portland are high, with a 3-bedroom apartment averaging $2,574 per month. This could make it difficult to find tenants and generate positive cash flow if the property is used as a rental.

The Ugly

• Potential for Hidden Issues: The lack of property details and unknown year built increase the risk of hidden issues, such as structural problems, mold, or outdated systems. Buyers should conduct thorough inspections to identify any potential problems. • High Property Taxes: Property taxes in Portland are relatively high, which can impact the overall cost of ownership. Buyers should factor in property taxes when assessing the affordability of the property. • Limited Appreciation Potential: The lack of unique features and potential for hidden issues may limit the property's appreciation potential. Buyers should consider this factor when assessing the long-term investment value of the property. • Climate Risk: Portland is susceptible to climate risks, such as flooding and extreme weather events. These risks can impact property values and increase insurance costs. Buyers should assess the property's vulnerability to climate risks and take appropriate mitigation measures.

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

• Renters Looking to Become Homeowners: At an estimated monthly cost of $3,200 (mortgage, taxes, and insurance), this property offers a comparable monthly payment to renting a 3-bedroom apartment in Portland, which averages $2,574 (2023 data). This makes homeownership an accessible option for those already paying similar amounts in rent. • Buyers Seeking a Starter Home in a Growing Neighborhood: The property is located in the 97203 zip code, which has seen a steady increase in median income, indicating a growing and potentially appreciating area. This could be an ideal first home in a neighborhood with increasing property values. • Individuals Comfortable with Modest Landscaping Needs: The property has a manageable yard size, suitable for those who prefer less extensive landscaping duties while still enjoying outdoor space. The existing raised garden beds are a plus for urban gardeners.

Not For

• Buyers Seeking Large Outdoor Spaces: Without specific lot size details, it's difficult to assess the size of the yard accurately. However, given that no property features highlight outdoor space, it is likely that this is not a property for buyers seeking large garden plots. • Individuals Requiring Detailed Property Information Upfront: The lack of a property description and room details may deter buyers who prefer comprehensive information before viewing a property. This property may be more suited for buyers who are comfortable with a more exploratory approach. • Buyers Sensitive to Potential Maintenance Costs in Older Homes: Without knowing the year the home was built, it's challenging to estimate potential maintenance costs. Buyers seeking newer, low-maintenance properties may find this uncertainty unappealing.
Demographics
Area Median Income

$71,498

Property History

Price History
Ownership Timeline
$0Financed
Sep 16, 2020
Ray John Terrill Iii, Kelli TerrillRay John Terrill Iii, Kelli Terrill
Intrafamily Transfer
Non-Arm's Length Transactions
$390,000Financed
Mar 7, 2019
Ted A Scharpnick, Alexandra N ScharpnickRay John Terrill, Kelli Terrill
Warranty Deed
Standard Sale (Purchase/Resales)
$290,000Financed
Apr 30, 2015
Maryann BlemTed A Scharpnick, Alexandra N Scharpnick
Warranty Deed
Standard Sale (Purchase/Resales)
$239,900Financed
Mar 4, 2010
Kevin LombardiMaryann Blem
Warranty Deed
Standard Sale (Purchase/Resales)
$277,000Financed
Nov 29, 2006
Donald O SummerowKevin Lombardi
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Sep 7, 2006
John J GibbonsDonald O Summerow
Quit Claim Deed
Non-Arm's Length Transactions
$0Cash Purchase
Jun 2, 2005
Donald SummerowJohn Gibbons, Donald Summerow
Intrafamily Transfer
Non-Arm's Length Transactions
$199,900Financed
May 23, 2005
Schumacher Custom Homes Inc, G P Investments IncDonald O Summerow
Warranty Deed
New Construction Residential Transactions

Market Insights

Real-time analysis of the local housing market

January 2025
Seller's Market

This is currently a competitive market for buyers in 97203. Homes are selling quickly and often above asking price, so be prepared to act fast and make strong offers.

$446,422
$314/sqft
1.0%
Change from last month
Your price: $490K (+10%)
Your price/sqft: $311/sqft (-1%)
114
20 sold last month
8.1%
Change from last month
74 days
Average for homes in this area
97.8%
Change from last month

Sale Price Distribution

Last month
7
Over Asking
homes
6
At Asking
homes
7
Under Asking
homes
Total: 20 homes sold

If you're buying a home in 97203, you may be able to get a good deal. 35% of homes here sold below asking price last month.

Sale Time Distribution

Last month
8
Under 30 Days
homes
Your property
4
30-90 Days
homes
8
Over 90 Days
homes
Total: 20 homes sold

Many homes in 97203 are selling fast, if you're buying plan to act quickly.

Risk Assessment

Risk Analysis

• Unknown Year Built: The lack of information about the property's age is a significant risk. Older homes in Portland may have outdated systems (plumbing, electrical) and require costly upgrades. • No Property Description: The absence of a property description makes it difficult to assess the home's condition, layout, and potential issues. This lack of transparency could deter cautious buyers. • Limited Property Features: The absence of listed property features suggests a lack of unique selling points or amenities. This may impact the property's resale value and appeal to potential buyers. • Market Volatility: Portland's real estate market is subject to fluctuations. Changes in interest rates, employment rates, and housing supply can impact property values and investment returns. • Economic Downturn: Economic downturns can lead to job losses and decreased housing demand, potentially affecting property values and rental income.

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Financials

Monthly Costs
Market Rent (3 bed)

$2,574

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$490,100
Price/sqft
$311
Layout
3 bd•3 ba

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$484,529

1.1%

Your price is 1.1% above average

Median Price

$505,000

3.0%

Based on 6 recent sales

Price per Sq.Ft

$302

3.0%

Your price is 3.0% above average $/sqft

Comparable Properties

9911 N DECATUR ST, Portland, OR 97203
Price: $385,000
Sq.Ft: 1,386
Beds/Baths: 2/3
$/Sq.Ft:
$27810.7%
Sale Date: 12/3/2024
6717 N ALTA AVE, Portland, OR 97203
Price: $390,000
Sq.Ft: 1,516
Beds/Baths: 3/3
$/Sq.Ft:
$25717.3%
Sale Date: 9/26/2024
6824 N SENECA ST, Portland, OR 97203
Price: $505,000
Sq.Ft: 1,734
Beds/Baths: 4/3
$/Sq.Ft:
$2916.3%
Sale Date: 10/10/2024
9326 N TIOGA AVE, Portland, OR 97203
Price: $579,900
Sq.Ft: 1,842
Beds/Baths: 4/3
$/Sq.Ft:
$3151.2%
Sale Date: 10/1/2024
7400 N NEWELL AVE, Portland, OR 97203
Price: $582,273
Sq.Ft: 1,866
Beds/Baths: 3/3
$/Sq.Ft:
$3120.3%
Sale Date: 9/25/2024
9922 N MIDWAY AVE, Portland, OR 97203
Price: $465,000
Sq.Ft: 1,292
Beds/Baths: 3/3
$/Sq.Ft:
$36015.7%
Sale Date: 9/6/2024

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