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4027 N Overlook Ter
Score
73
Portland, OR

4027 N Overlook Ter

2.6M
3 bd • 3 ba • 3,058 sf

This analysis was generated on 3/15/2025. 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

$2,599,000

Price/Sq.Ft

$850

Year Built

2025

AI Property Analysis

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

The Good

• Unique Architectural Design: The distinctive design could significantly increase property value for the right buyer • Wood Cladding Exterior: Provides a natural aesthetic and potential insulation benefits • Open Concept Interior: Creates a spacious and modern living environment • Large Windows: Maximize natural light and views of the surrounding landscape • Wood Cladding • Open Concept Design • Large Windows • Spiral Staircase • Price Position: At $849.90 per square foot, the property's price is relatively high. However, without comparable sales data in the Overlook neighborhood for architecturally significant homes, it is difficult to determine if this price is justified. • Appreciation Trend: The property was sold for $75,000 in 2003 and $335,000 in 2020. The current listing price of $2,599,000 represents a substantial increase, but without market data, it's impossible to determine if this appreciation is justified or sustainable. • Investment Opportunity: After $5,000 in renovations, potential $146,000 equity gain (2920.0% ROI) • Rental Income: $6,320/month with 95% occupancy (3.0% cap rate) • Future Development: The property is located in the sought-after Overlook neighborhood, suggesting ongoing desirability. No specific negative development plans are mentioned. The environmental overlay suggests potential restrictions on future development on the property itself, which could be seen as a positive for maintaining privacy and green space. • The large windows throughout the house suggest excellent natural light. The surrounding trees may provide some shade and privacy. • The layout appears to be open and functional, with good flow between living spaces. The use of stairs and varying levels adds visual interest. The exterior spiral staircase is a unique feature.
Unique Architectural Design

Unique Architectural Design

The distinctive design could significantly increase property value for the right buyer.

Wood Cladding Exterior

Wood Cladding Exterior

Provides a natural aesthetic and potential insulation benefits.

Open Concept Interior

Open Concept Interior

Creates a spacious and modern living environment.

Large Windows

Large Windows

Maximize natural light and views of the surrounding landscape.

The Bad

• Exterior Wood Treatment (MEDIUM priority): $5,000 • High price point ($2,599,000) limits the buyer pool and may extend the time on market. • The 'Blank House' concept and modern design may not appeal to all buyers, potentially narrowing the market. • Extreme air quality risk (10/10) with 19 bad air days per year could deter some buyers, especially those with respiratory sensitivities. • The significant price increase since the 2020 and 2003 sales ($335,000 and $75,000 respectively) raises questions about the basis for the current valuation and potential for future appreciation. • Limited market data makes it difficult to accurately assess comparable sales and market trends. • School Quality Issue: The high rating of Beach Elementary (9/10) adds an estimated 5-8% premium to property values compared to homes in areas with lower-rated elementary schools. The other schools are above average and should not negatively impact value.

The Ugly

No critical issues identified
Exterior Wood Cladding

Exterior Wood Cladding

Wood cladding may require regular maintenance to prevent weathering and insect damage.

Unconventional Design

Unconventional Design

The unique design may not appeal to all buyers, potentially limiting the market.

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

Rental Property Investors: Potential annual revenue of $75,840 with 95% occupancy rate Value Investors: Projected 17.4% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $5,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$77,951

Property History

Price History
Ownership Timeline
$335,000Financed
Dec 28, 2020
William ScrogginsJennifer R Bonner, Volkan Alkanoglu
Warranty Deed
Standard Sale (Purchase/Resales)
$75,000Cash Purchase
Oct 9, 2003
Charles E DurhamWilliam Scroggins
Warranty Deed
Standard Sale (Purchase/Resales)

Property Taxes

$3,241
2024 Tax Assessment
4.0%from previous year
Assessed Value$121,120
Tax Rate2.68%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Elementary

9.0/10
Excellent

Middle

6.0/10
Good

High

8.0/10
Excellent

Financials

Monthly Costs
Market Rent (3 bed)

$1,640

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$2,599,000
Price/sqft
$850
Layout
3 bd3 ba
Days on market
1 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$735,383

253.4%

Your price is 253.4% above average

Median Price

$810,998

220.5%

Based on 6 recent sales

Price per Sq.Ft

$269

215.9%

Your price is 215.9% above average $/sqft

Comparable Properties

2034 N WEBSTER ST, Portland, OR 97217
Price: $810,998
Sq.Ft: 2,861
Beds/Baths: 3/3
$/Sq.Ft:
$28366.6%
Sale Date: 1/31/2025
1935 N WILLAMETTE BLVD, Portland, OR 97217
Price: $690,000
Sq.Ft: 2,612
Beds/Baths: 3/3
$/Sq.Ft:
$26468.9%
Sale Date: 11/7/2024
2042 N SKIDMORE CT, Portland, OR 97217
Price: $1,220,000
Sq.Ft: 2,636
Beds/Baths: 4/3
$/Sq.Ft:
$46345.5%
Sale Date: 9/26/2024
2115 NW 22ND AVE, Portland, OR 97210
Price: $410,000
Sq.Ft: 2,607
Beds/Baths: 3/2
$/Sq.Ft:
$15781.5%
Sale Date: 1/31/2025
2115 NW 22ND AVE, Portland, OR 97210
Price: $410,000
Sq.Ft: 2,607
Beds/Baths: N/A/N/A
$/Sq.Ft:
$15781.5%
Sale Date: 1/31/2025
2959 N WILLAMETTE BLVD, Portland, OR 97217
Price: $871,300
Sq.Ft: 2,991
Beds/Baths: 4/2
$/Sq.Ft:
$29165.7%
Sale Date: 12/6/2024

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