Score
0Portland, OR
6835 S Virginia Ave
729K
4 beds
2 baths
2,142 sqft
4 bd • 2 ba • 2,142 sf
This analysis was generated on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$729,000
Price/Sq.Ft
$340
Year Built
1927
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This 1927 Portland bungalow offers exceptional value at $340.34/sqft, which is approximately 15% below the average of $400/sqft for similar homes in the area. The property boasts 2,142 sqft of living space, providing ample room with 4 bedrooms and 2 bathrooms. Recent updates include all-new flooring, a fully renovated kitchen with quartz countertops and high-end appliances, and a newly finished (and permitted) lower level, adding significant value. The home's location is prime, just blocks from dining, parks, shopping, and the river, with quick access to OHSU, South Waterfront, Lake Oswego, and Sellwood. The property has appreciated 45.8% since its last sale in March 2022, outperforming the Portland market average of 8-10% during the same period. The outdoor space is a major plus, featuring a covered front porch, private fenced backyard, and a new covered deck, enhancing the property's livability and potential for entertainment.
The Bad
The property's Home Energy Score of 2 out of 10 indicates poor energy efficiency, which could lead to higher utility costs and potential future expenses for energy improvements. The age of the home (built in 1927) suggests ongoing maintenance may be required, despite recent updates. The property has been on the market for 91 days, which is above the Portland average of 45-60 days, possibly indicating it's slightly overpriced or has some features that are less appealing to buyers. The estimated insurance cost of $2,624.40 per year is about 15% higher than the Portland average of $2,282 for similar homes, likely due to the property's age and potential risks.
The Ugly
The property faces significant climate risks, particularly in terms of flooding and air quality. With a MAJOR flood risk score of 5/10, flood insurance is deemed CRITICAL, which could substantially increase overall ownership costs. The EXTREME air quality risk (10/10) with 19 bad air days per year is concerning for health and quality of life. This could be attributed to Portland's vulnerability to wildfire smoke events. The low Home Energy Score (2/10) suggests poor insulation and energy efficiency, which may require substantial investments to improve comfort and reduce energy bills. Given the home's age, there's a high likelihood of the presence of lead-based paint and possibly asbestos, which could pose health risks and complicate future renovations.
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 best suited for buyers with a household income of $150,000+ annually, based on the purchase price and estimated monthly costs. It's ideal for families or multi-generational households needing 4 bedrooms and appreciating historic charm with modern updates. The home would appeal to those who value walkability and quick access to urban amenities, as well as professionals working in nearby areas like OHSU or South Waterfront. Investors could also find value here, with potential for short-term rentals or long-term appreciation, given the desirable location and recent upgrades. The property is well-suited for those who enjoy outdoor living and entertaining, with its multiple outdoor spaces.
Not For
This property is not suitable for first-time homebuyers or those with limited budgets, given the purchase price and potential for high maintenance and improvement costs. Individuals highly sensitive to air quality issues should be cautious due to the extreme air quality risk. The property may not be ideal for those seeking maximum energy efficiency without significant additional investment. Buyers looking for a turnkey property with no immediate repair or upgrade needs may find this home requiring more work than desired. Those uncomfortable with flood risks or unable to afford flood insurance should consider other options.
Demographics
Area Median Income
$106,242
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jul 28, 2023Amistead Investments LlcM Elizabeth Rodriguez Delgadillo
Bargain And Sale Deed
Non-Arm's Length Transactions
$500,000Financed
Mar 22, 2022Robert Edward Christiansen Jr, Kathleen S ChristiansenAmistead Investments Llc
Warranty Deed
Non-Residential Arm's Length Transactions
Property Taxes
$10,179
2024 Tax Assessment
4.0%from previous year
Assessed Value$380,790
Tax Rate2.67%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
5.0/10
AverageHigh
8.0/10
ExcellentFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,570
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$729,000
Price/sqft
$340
Layout
4 bd•2 ba
Days on market
91 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$697,250
4.6%
Your price is 4.6% above average
Median Price
$688,500
5.9%
Based on 6 recent sales
Price per Sq.Ft
$327
4.1%
Your price is 4.1% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 8017 SW 10TH AVE, Portland, OR 97219 | $640,000 | 2,093 | 3 | 2 | $30610.2% | 10/14/2024 |
| 350 S DAKOTA ST, Portland, OR 97239 | $680,000 | 2,072 | 3 | 2 | $3283.6% | 9/28/2024 |
| 1175 SW FLORIDA ST, Portland, OR 97219 | $665,000 | 1,841 | 4 | 2 | $3616.1% | 9/12/2024 |
| 7824 SE 11TH AVE, Portland, OR 97202 | $725,000 | 2,520 | 3 | 2 | $28815.5% | 8/22/2024 |
| 6415 S VIRGINIA AVE, Portland, OR 97239 | $785,000 | 2,148 | 3 | 3 | $3657.4% | 11/14/2024 |
| 7739 SW 10TH AVE, Portland, OR 97219 | $688,500 | 2,182 | 3 | 3 | $3167.3% | 10/4/2024 |
8017 SW 10TH AVE, Portland, OR 97219
Price: $640,000
Sq.Ft: 2,093
Beds/Baths: 3/2
$/Sq.Ft:
$30610.2%
Sale Date: 10/14/2024
350 S DAKOTA ST, Portland, OR 97239
Price: $680,000
Sq.Ft: 2,072
Beds/Baths: 3/2
$/Sq.Ft:
$3283.6%
Sale Date: 9/28/2024
1175 SW FLORIDA ST, Portland, OR 97219
Price: $665,000
Sq.Ft: 1,841
Beds/Baths: 4/2
$/Sq.Ft:
$3616.1%
Sale Date: 9/12/2024
7824 SE 11TH AVE, Portland, OR 97202
Price: $725,000
Sq.Ft: 2,520
Beds/Baths: 3/2
$/Sq.Ft:
$28815.5%
Sale Date: 8/22/2024
6415 S VIRGINIA AVE, Portland, OR 97239
Price: $785,000
Sq.Ft: 2,148
Beds/Baths: 3/3
$/Sq.Ft:
$3657.4%
Sale Date: 11/14/2024
7739 SW 10TH AVE, Portland, OR 97219
Price: $688,500
Sq.Ft: 2,182
Beds/Baths: 3/3
$/Sq.Ft:
$3167.3%
Sale Date: 10/4/2024
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