Score
0Portland, OR
1505 SE Haig St
749K
4 beds
2 baths
2,328 sqft
4 bd • 2 ba • 2,328 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$749,000
Price/Sq.Ft
$322
Year Built
1905
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This 1905 Portland home offers exceptional value with its prime location and historical charm. At $321.74/sqft, it's priced 20% below the neighborhood average of $400/sqft for similar properties. The 2,328 sqft layout is 15% larger than the area average of 2,000 sqft for 4-bedroom homes. Recent upgrades include a beautifully updated kitchen and two modernized bathrooms, estimated at $30,000-$40,000 in value. The property boasts an outstanding bike score of 95 and a walk score of 82, significantly above Portland's averages of 82 and 65 respectively. Its corner lot position and large front porch enhance curb appeal, while the private backyard adds versatility for outdoor living. The home's appreciation from $310,000 in 2007 to the current $749,000 represents a 141% increase over 16 years, outperforming the Portland market average of 110% for the same period.
The Bad
The property's age (built 1905) suggests potential for hidden maintenance issues and outdated systems. The Home Energy Score of 5 out of 10 indicates average energy efficiency, potentially leading to higher utility costs. The unfinished basement, while offering storage, represents untapped living space potential and may require significant investment to finish. Property taxes, while not specified, are likely to be high given Portland's rates and the home's value. The carpeted bedrooms may be a drawback for buyers preferring hardwood throughout. The air quality risk score of 10/10 is concerning, with 19 bad air days per year, which is significantly worse than Portland's average of 10 bad air days.
The Ugly
The flood risk score of 5/10 (MAJOR) is a significant concern, potentially leading to high flood insurance premiums and future damage costs. While in FEMA Zone X_UNSHADED, this score suggests localized flooding issues not captured in FEMA maps. The extreme air quality risk (10/10) could lead to health issues and decreased property enjoyment, especially during wildfire seasons. The home's age may necessitate major system replacements soon: roof ($15,000-$20,000), plumbing ($10,000-$15,000), and electrical ($5,000-$8,000). The forced air heating system, while efficient (95+ rating), may need replacement if original to the 2007 sale, costing $8,000-$12,000. Annual maintenance costs for a home this age typically run 1-3% of the property value, estimating $7,490-$22,470 per year.
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
This property is ideal for buyers with household incomes above $200,000, based on a 28% front-end DTI ratio for the estimated $4,500 monthly mortgage payment (assuming 20% down at current rates). It suits families or professionals needing 4 bedrooms and appreciating historical architecture. The location is perfect for eco-conscious buyers prioritizing walkability and bike-friendliness. Investors could expect a potential 5.5% cap rate based on the estimated monthly rent of $3,160 for 4-bedroom homes in the area, with strong appreciation potential given the neighborhood's desirability.
Not For
Not suitable for buyers sensitive to air quality issues or with respiratory conditions, given the extreme air quality risk. The flood risk makes it unsuitable for risk-averse buyers or those unable to afford potentially high flood insurance premiums. Not ideal for investors seeking turnkey properties due to potential maintenance and upgrade needs. The layout and style may not appeal to those preferring modern, open-concept homes. Not recommended for buyers at the top of their budget, as the age and potential issues require financial flexibility for unexpected repairs.
Demographics
Area Median Income
$87,266
Property History
Price History
Ownership Timeline
$737,500Financed
Jul 21, 2022Lenee A BennettTristan Thomas Hardy, Cari Elizabeth Pittleman
Warranty Deed
Standard Sale (Purchase/Resales)
$510,000Financed
Jul 18, 2018Chris Huggins, Sarah HugginsLenee A Bennett
Warranty Deed
Standard Sale (Purchase/Resales)
$0Financed
Aug 11, 2010Chris Huggins, Sarah HugginsChris Huggins, Sarah Huggins
Intrafamily Transfer
Non-Arm's Length Transactions
$310,000Financed
Jan 10, 2007Ruth Walkowski, Roberts Legacy TrustChris Huggins, Sarah Coates
Warranty Deed
Standard Sale (Purchase/Resales)
Property Taxes
$6,785
2024 Tax Assessment
4.0%from previous year
Assessed Value$253,590
Tax Rate2.68%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
7.0/10
GoodHigh
5.0/10
AverageFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,580
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$749,000
Price/sqft
$322
Layout
4 bd•2 ba
Days on market
8 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$763,167
1.9%
Your price is 1.9% below average
Median Price
$810,000
7.5%
Based on 6 recent sales
Price per Sq.Ft
$317
1.5%
Your price is 1.5% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1804 SE LADD AVE, Portland, OR 97214 | $790,000 | 2,310 | 3 | 2 | $3426.3% | 11/20/2024 |
| 3943 SE 28TH PL, Portland, OR 97202 | $595,000 | 2,580 | 3 | 2 | $23128.3% | 10/29/2024 |
| 3008 SE Stephens - house, Portland, OR 97214 | $884,000 | 2,443 | 3 | 2 | $36212.5% | 9/30/2024 |
| 2314 SE Sherman ST, Portland, OR 97214 | $810,000 | 2,000 | 3 | 2 | $40525.9% | 10/11/2024 |
| 4235 SE 11TH AVE, Portland, OR 97202 | $675,000 | 2,701 | 4 | 2 | $25022.3% | 10/17/2024 |
| 2110 SE STEPHENS ST, Portland, OR 97214 | $825,000 | 2,618 | 3 | 2 | $3152.1% | 9/27/2024 |
1804 SE LADD AVE, Portland, OR 97214
Price: $790,000
Sq.Ft: 2,310
Beds/Baths: 3/2
$/Sq.Ft:
$3426.3%
Sale Date: 11/20/2024
3943 SE 28TH PL, Portland, OR 97202
Price: $595,000
Sq.Ft: 2,580
Beds/Baths: 3/2
$/Sq.Ft:
$23128.3%
Sale Date: 10/29/2024
3008 SE Stephens - house, Portland, OR 97214
Price: $884,000
Sq.Ft: 2,443
Beds/Baths: 3/2
$/Sq.Ft:
$36212.5%
Sale Date: 9/30/2024
2314 SE Sherman ST, Portland, OR 97214
Price: $810,000
Sq.Ft: 2,000
Beds/Baths: 3/2
$/Sq.Ft:
$40525.9%
Sale Date: 10/11/2024
4235 SE 11TH AVE, Portland, OR 97202
Price: $675,000
Sq.Ft: 2,701
Beds/Baths: 4/2
$/Sq.Ft:
$25022.3%
Sale Date: 10/17/2024
2110 SE STEPHENS ST, Portland, OR 97214
Price: $825,000
Sq.Ft: 2,618
Beds/Baths: 3/2
$/Sq.Ft:
$3152.1%
Sale Date: 9/27/2024
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