Score
0Gresham, OR
730 SW 5th Ct
450K
3 beds
2 baths
1,538 sqft
3 bd • 2 ba • 1,538 sf
This analysis was generated on 2/19/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$450,000
Price/Sq.Ft
$293
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Competitive Price per Square Foot: At $292.59 per square foot, the property falls within a reasonable range for the Gresham market. This may indicate a good value, especially if the property is well-maintained or has desirable features not explicitly listed.
• Three Bedrooms and Two Bathrooms: The property offers a standard configuration for families, aligning with the average household size in Gresham. This layout caters to a broad range of potential buyers.
• Rental Income Potential: Based on market rental rates of $2,574 for a three-bedroom unit in Gresham (2023 data), the property has the potential to generate significant rental income. This makes it an attractive option for investors.
• Proximity to Amenities: Gresham has a growing downtown area and offers access to various amenities. The property's location likely provides convenient access to shopping, dining, and other services.
The Bad
• Limited Information: The lack of a property description and room details makes it difficult to assess the interior layout, condition, and potential. This increases the risk for potential buyers, as they are making decisions with limited information.
• Unknown Year Built: Without knowing the year the house was built, it is difficult to determine the expected lifespan of major systems (roof, plumbing, electrical) and potential maintenance costs. It also impacts the ability to accurately assess the property's value compared to similar homes.
• No Listed Features: The absence of listed property features (e.g., updated kitchen, hardwood floors, central AC) makes it challenging to determine if the property is competitively priced compared to other homes in Gresham. This lack of detail also makes it difficult to assess the property's overall appeal.
• Car Dependency: While Gresham has MAX light rail access, car dependency is still relatively high. Commute times to Portland can be significant during rush hour, particularly on Powell Blvd and I-84.
The Ugly
• Potential for High Maintenance Costs: Due to the unknown year built and lack of listed property features, there is a higher likelihood of needing to invest in repairs and upgrades. This could include replacing outdated systems (plumbing, electrical, HVAC) and addressing deferred maintenance issues.
• Unclear Condition: The limited information makes it impossible to assess the true condition of the property. There is a risk of discovering hidden problems (e.g., water damage, foundation issues, pest infestations) during a home inspection, which could lead to unexpected expenses.
• Infrastructure Challenges: Gresham's rapid growth may strain the city's infrastructure. Potential issues related to water supply, sewer capacity, and road maintenance could negatively impact the property's value and livability.
• Risk of Bidding Wars: The competitive market in Gresham could lead to bidding wars, potentially driving up the purchase price and making it more difficult to secure the property.
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
• Growing families seeking a three-bedroom home in a community with a median income of $81,881. The size and layout are typical for the area, providing adequate space for family living.
• Renters looking to transition into homeownership, particularly those currently paying around $2,574 for a three-bedroom rental. This property offers the opportunity to build equity instead of paying rent.
• Buyers who prioritize a location with access to Gresham's amenities and transportation options, including the MAX light rail. The property's location offers a balance between suburban living and accessibility to urban services.
• Individuals seeking a property with potential for future upgrades and customization. The lack of listed property features allows for personalized improvements to increase value and comfort.
Not For
• Buyers seeking a newly constructed or recently updated home. The unknown year built and lack of listed property features suggest that the property may require renovations.
• Individuals who prefer low-maintenance properties. The large lot and lack of detailed property information suggest that there may be ongoing maintenance requirements.
• Those seeking a property in a neighborhood with established amenities within walking distance. While Gresham has a growing downtown, specific amenities may require a drive into Portland.
• Buyers with mobility issues or those who prefer single-level living. The two-story layout may present challenges for individuals with limited mobility.
Demographics
Area Median Income
$81,881
Property History
Price History
Ownership Timeline
$450,000Financed
Dec 30, 2024Ward Warren Schulze, The Ward Warren Schulze Revocable TrustKatelyn Mae Smathers
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Dec 27, 2024Ward Warren Schulze, Kristine SchulzeWard Warren Schulze, The Ward Warren Schulze Revocable Trust
Intrafamily Transfer
Non-Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,500
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$450,000
Price/sqft
$293
Layout
3 bd•2 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$450,529
0.1%
Your price is 0.1% below average
Median Price
$450,000
0.0%
Based on 6 recent sales
Price per Sq.Ft
$302
3.1%
Your price is 3.1% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 730 SW 5TH CT, Gresham, OR 97080 | $450,000 | 1,538 | 3 | 2 | $2930.0% | 12/11/2024 |
| 2464 SW 16TH ST, Gresham, OR 97080 | $430,000 | 1,328 | 3 | 2 | $32410.7% | 1/2/2025 |
| 2270 SW LILLYBEN CT, Gresham, OR 97080 | $460,900 | 1,669 | 3 | 2 | $2765.6% | 10/24/2024 |
| 355 NW ANGELINE AVE, Gresham, OR 97030 | $450,000 | 1,597 | 4 | 2 | $2823.7% | 10/3/2024 |
| 1773 SW MAWRCREST AVE, Gresham, OR 97080 | $421,000 | 1,538 | 3 | 2 | $2746.4% | 9/9/2024 |
| 1386 NW 15TH ST, Gresham, OR 97030 | $491,275 | 1,352 | 3 | 2 | $36324.2% | 10/11/2024 |
730 SW 5TH CT, Gresham, OR 97080
Price: $450,000
Sq.Ft: 1,538
Beds/Baths: 3/2
$/Sq.Ft:
$2930.0%
Sale Date: 12/11/2024
2464 SW 16TH ST, Gresham, OR 97080
Price: $430,000
Sq.Ft: 1,328
Beds/Baths: 3/2
$/Sq.Ft:
$32410.7%
Sale Date: 1/2/2025
2270 SW LILLYBEN CT, Gresham, OR 97080
Price: $460,900
Sq.Ft: 1,669
Beds/Baths: 3/2
$/Sq.Ft:
$2765.6%
Sale Date: 10/24/2024
355 NW ANGELINE AVE, Gresham, OR 97030
Price: $450,000
Sq.Ft: 1,597
Beds/Baths: 4/2
$/Sq.Ft:
$2823.7%
Sale Date: 10/3/2024
1773 SW MAWRCREST AVE, Gresham, OR 97080
Price: $421,000
Sq.Ft: 1,538
Beds/Baths: 3/2
$/Sq.Ft:
$2746.4%
Sale Date: 9/9/2024
1386 NW 15TH ST, Gresham, OR 97030
Price: $491,275
Sq.Ft: 1,352
Beds/Baths: 3/2
$/Sq.Ft:
$36324.2%
Sale Date: 10/11/2024
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