Please stand by!
USDAProperties.com is processing real estate display...

 

 

 

$1,250,000   Price Analysis
USDAProperties Agent Contact Page  Agent Details  share icon     map icon  QR
3739 N Melrose Dr
Portland, OR 97227
4 bed 4 bath 3,014 SqFt ($414/SqFt)
4,356SqFt lot. Built 2014
Listed 2024-06-10, Taxes $18,618
Ⓧ USDA Ineligible
due to price & location

near Portland

Unique opportunity to live in a high performing custom built home on the Overlook Bluff!

Meticulously designed to capture the views and create a sanctuary in the city. The sizeable and airy main floor is an ideal entertainers floorplan with open kitchen, living, dining, all designed to enjoy the views - including a wall of full light doors which can be opened to the covered deck to create an indoor/outdoor paradise with the Fremont Bridge as your backdrop! Two suites on the upper level - both designed with the views in mind, truly make the most of this spectacular location! For those needing one level living, there is a third bedroom on the main floor with half bath and ability to convert to full bath, for a main floor suite.

Currently owner occupied. The lower level is a full daylight ADU - providing so much flexibility, whether it's an extended family space, fully rentable apartment or additional living space to be incorporated into main home (framing and plans available). The terraced lot makes the most of the natural landscape with hardscaping, native low maintenance plantings, garden space and the most magical Bocc court! Live large AND efficiently - HES of 9! Easy access downtown, to Adidas campus, Kaiser, MAX line, West side. or work from home and sip coffee in the comfort of your oasis!


Presented by Jarrett Altman at
Neighborhood Works.


Property MLS #24692405 from RMLS

Bedrooms: 4

Cooling Features: CentralAir, HeatPump
Heating Features: MiniSplit
Heating: Yes
Water Heaters: Electricity, ENERGYSTARQualifiedEquipment

Full Bathrooms: 4

Storage: Attached

Basement Description: FullBasement, SeparateLivingQuartersApartmentAuxLivingUnit

Water Body Name: Willamette River

Lot Size Acres: 0.1
Lot Size Square Feet: 4356

Garage Spaces: 1
Parking Features: Garage, OffStreet

Road Surface Type: Paved

View: City, River

Elementary School: Beach
High School: Jefferson
Middle School: Ockley Green

Beach Elementary School is a public elementary school located approximately 0.6 miles away.
directions icon Map directions

Jefferson High School is a public high school located approximately 1 miles away.
directions icon Map directions

Ockley Green is a public middle school located approximately 1.2 miles away.
directions icon Map directions

Albina Youth Opportunity School is a private high school located approximately 0.4 miles away.
directions icon Map directions

Gross Income: 26400
Rent Includes: Electricity, MaintenanceGrounds, Sewer, TrashCollection, Water

Number of Units: 2
Unit Type: UnitTypeType1, UnitTypeType2
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 3
Total Bathrooms in Unit-2: 1

Community Features: AllLandscaping

LotSizeRange: SqFt3000to4999
Annual Tax Amount: 18975.79999999
Source Listing Status: Active
County: Multnomah
Cap Rate: 2.08
Directions: Perched on the Overlook Bluff with views of downtown, Fremont Bridge and West Hills!
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: Overlook
Parcel Number: R652133
Subdivision: Overlook
Zoning: R5
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$733,250
$18,618
2021$unknown + $unknown
$711,900
$17,754
2020$unknown + $unknown
$691,170
$17,399
2019$unknown + $unknown
$671,040
$17,008
2018$unknown + $unknown
$651,500
$16,507
2017$unknown + $unknown
$632,530
$15,821
2016$unknown + $unknown
$614,110
$14,479
2015$unknown + $unknown
$596,230
$14,099
2014$unknown + $unknown
$291,500
$6,992
2013$unknown + $unknown
$160,160
$3,845

Listed 2024-06-10
$1,250,000
RMLS
Price Changed 2024-05-21
$1,250,000
RMLS
Listing removed 2024-04-24
$1,395,000
RMLS
Listed 2024-04-24
$1,395,000
RMLS
Relisted 2024-02-28
$1,395,000
RMLS
Listing removed 2024-02-17
$1,395,000
RMLS
Listing removed 2024-02-08
$1,500,000
RMLS
Listed 2024-02-08
$1,395,000
RMLS
Listing removed 2023-12-31
$1,500,000
RMLS
Listed 2023-09-13
$1,500,000
RMLS

Net Operating Income: 26040
Operating Expense: 360

Year Built: 2014
Building Area Total: 3014
Building Exterior Type: CementSiding
Foundation Details: ConcretePerimeter, Slab
Property Age: 10
Property Condition: Existing
Roof: Membrane
Levels or Stories: 3

Sewer: PublicSewer
Water Source: PublicWater
Click Thumbnail Images To View Full Size
garageunknownunknownunknownkitchen
kitchenkitchenkitchenkitchendining_room
dining_roomdining_roomkitchenliving_roombathroom
unknownliving_roomliving_roomliving_roombedroom
living_roomunknownbedroombedroomkitchen
unknownunknownunknownbedroomunknown
bathroomlaundry_roombathroombathroombathroom
bathroomunknownliving_roomkitchenliving_room
bedroomunknownporchhouse_viewunknown
unknownunknownunknown

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.