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631 Charman St
Score
0
Oregon City, OR

631 Charman St

635K
3 bd • 2 ba • 3,290 sf

This analysis was generated on 2/11/2025. 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

$635,000

Price/Sq.Ft

$193

Year Built

1969

AI Property Analysis

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

The Good

• Spacious Living Area: With 3,290 square feet, the home offers ample living space, especially compared to the median home size in Oregon City, which is closer to 2,000 square feet. This is reflected in the price per square foot of $193.01, which is competitive for the area. • Large .31 Acre Yard: The property includes a .31-acre yard, providing outdoor space for recreation and gardening. This is larger than many lots in the Rivercrest neighborhood, adding to its appeal. • Proximity to Parks and Amenities: The property is located within blocks of numerous city parks, including Rivercrest Park and Water Board Park, as well as minutes to food carts, downtown Oregon City, and shopping. This provides convenient access to recreational and lifestyle amenities. • Potential for Rental Income: Based on the provided rental rates for Oregon City, a three-bedroom home could potentially generate $2580 per month in rental income. This could be an attractive feature for investors. • High School Rating: Oregon City High School, which serves this address, has a rating of 10/10, which is excellent. This could be a significant selling point for families with high school-aged children.

The Bad

• Ogden Middle School Rating: The middle school assigned to this address has a rating of 4/10, which is below average and could be a concern for families with children in that age group. This could affect resale value compared to homes assigned to higher-rated schools. • High Air Quality Risk: The air quality risk is rated as extreme (9/10), with 13 bad air days per year. This is a significant concern, as it could affect health and require additional expenses for air filtration systems. Oregon City overall has seen increased air quality issues due to wildfires in recent years. • Lengthy Market Time: The property has been on the market for 181 days, which is significantly longer than the average for Oregon City. This could indicate that the price is too high, or that the home has some issues that are deterring buyers. The median days on market for similar homes in Oregon City is closer to 60-90 days. • History of Price Reductions: The property has undergone multiple price reductions since it was listed, totaling a $90,000 decrease from the original list price of $725,000 to the current price of $635,000. This suggests that the initial pricing strategy was overly optimistic and that the market is not responding favorably to the property. • Potential for Landslide Risk: Oregon City is known to have areas susceptible to landslides due to its hilly terrain. While the climate risk report doesn't explicitly mention landslide risk, it's crucial to conduct a geotechnical inspection to assess the property's stability, especially given its location in the Rivercrest neighborhood.

The Ugly

• Age and Condition: Built in 1969, the home is over 50 years old and may require significant updates and repairs to meet modern standards. This could include replacing outdated electrical and plumbing systems, as well as addressing any structural issues. • Dated Features: The property features vintage elements such as a shuffleboard table, wet bar, and carpeting, which may not appeal to all buyers. Updating these features could be costly. • Potential for High Utility Bills: Older homes often have poor insulation and inefficient heating and cooling systems, resulting in higher utility bills. The presence of a gas water heater is a plus, but the overall energy efficiency of the home should be evaluated. • Moderate Fire Risk: The property has a moderate fire risk (4/10), which could lead to higher insurance premiums and require additional maintenance to mitigate potential fire hazards. The estimated insurance cost is already $2286/year. • Possible Radon Issues: Oregon is known to have areas with higher radon levels. Testing for radon during the inspection period is important, and mitigation systems can be expensive.

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

• Buyers seeking a spacious home for entertaining: The large living room, party room with shuffleboard & pool table, and family room with a wet bar make this property ideal for hosting gatherings. • Homeowners who appreciate mid-century charm and are willing to update: The property retains many original features from 1969, offering an opportunity to restore or modernize a classic home. • Individuals valuing proximity to parks and downtown amenities: The location within blocks of Rivercrest Park, Water Board Park, food carts, and downtown Oregon City provides convenient access to recreational and lifestyle amenities. • Buyers who can accommodate potential maintenance costs: Given the home's age, future maintenance and updates should be expected. A contingency fund may be needed. • Owners interested in a property with potential for a second living quarters: The separate access to the lower level and the layout of the home may allow for creating a separate living space, subject to local zoning regulations.

Not For

• Buyers seeking a modern, move-in-ready home: The property's mid-century features and original condition may require updates and renovations that some buyers wish to avoid. • Individuals with mobility issues: The two-level layout and potential for uneven terrain in the yard may pose challenges for those with limited mobility. • Buyers sensitive to air quality concerns: The extreme air quality risk (9/10) with 13 bad air days per year may be a deterrent for those with respiratory issues or environmental sensitivities. • Homeowners on a tight budget: Potential maintenance and upgrades to the property could strain a limited budget.
Demographics
Area Median Income

$87,783

Property History

Price History
Ownership Timeline

Property Taxes

$6,125
2024 Tax Assessment
2.5%from previous year
Assessed Value$327,232
Tax Rate1.87%

Sunlight Analysis

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

Sunlight Analysis

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Risk Assessment

Climate Risks

airSEVERE

13 bad air quality days per year

fireMODERATE

Insurance: Recommended

heatMINIMAL

7 extreme heat days per year

98th percentile: 93°F

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

• Air Quality: The extreme air quality risk (9/10) with 13 bad air days per year could impact health and require air filtration systems, adding to costs. • Deferred Maintenance: Given the age of the home, there is a risk of encountering deferred maintenance issues, such as plumbing, electrical, or roofing problems, that could require costly repairs. • Market Stagnation: The extended time on the market (181 days) and multiple price reductions suggest the property may be overpriced or have underlying issues that are deterring buyers, potentially leading to further price drops. • School Rating Discrepancy: The Ogden Middle School's lower rating (4/10) compared to the elementary and high schools may be a concern for families with middle school-aged children.
Insurance
Annual Cost

$2,286

$191 per month

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Schools

Holcomb Elementary School

PublicGrades K-5
8/5
Elementary
3 mi
Get more information on GreatSchools

Ogden Middle School

PublicGrades 6-8
4/5
Middle
1.8 mi
Get more information on GreatSchools

Oregon City High School

PublicGrades 9-12
10/5
High
3 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (3 bed)

$2,580

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$635,000
Price/sqft
$193
Layout
3 bd2 ba
Days on market
180 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$500,967

26.8%

Your price is 26.8% above average

Median Price

$665,900

4.6%

Based on 6 recent sales

Price per Sq.Ft

$245

21.2%

Your price is 21.2% below average $/sqft

Comparable Properties

1407 JACKSON ST, Oregon City, OR 97045
Price: $500,000
Sq.Ft: 2,708
Beds/Baths: 4/2
$/Sq.Ft:
$1854.3%
Sale Date: 9/25/2024
3845 FAIRHAVEN DR, West Linn, OR 97068
Price: $950,000
Sq.Ft: 3,128
Beds/Baths: 4/3
$/Sq.Ft:
$30457.4%
Sale Date: 11/8/2024
1308 JOSEPHINE ST, Oregon City, OR 97045
Price: $670,000
Sq.Ft: 2,722
Beds/Baths: 4/3
$/Sq.Ft:
$24627.5%
Sale Date: 8/16/2024
535 HARTKE LOOP, Oregon City, OR 97045
Price: $665,900
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 12/6/2024
410 WARREN ST, Oregon City, OR 97045
Price: $95,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 10/18/2024
0 Harrison ST, Oregon City, OR 97045
Price: $124,900
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 10/17/2024

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