Market Analysis

COMPARATIVE MARKET ANALYSIS

Comparative Market Analysis

3615 NE GRAND AVEPortland, OR 97212

Acres, Number of: 0.11 Bedrooms: 4 Bathrooms: 1.1

Recommended Price: $419,900 ($374,900 - $449,900)

Prepared By

Charity AdamsBroker

M Realty, LLC2211 NW Front Avenue

Portland OR

Phone: 503-479-8669Cell: 503-381-6334

E-mail: [email protected]

Charity Adams RE

This report is not intended to meet the requirements set out in the Uniform Standards of Appraisal Practice and is not intended as an appraisal. If an appraisal is desired, theservices of a competent professional licensed appraiser should be obtained.

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M REALTY

SUBJECT PROPERTY

Charity Adams Oregon Broker M Realty, LLC

503.381.6334 direct

[email protected] charitypdx.com

Presented by: Charity Adams 5/14/2015 10:42:09AM

M Realty LLC.

MULTNOMAH COUNTY, OR

Tax ID: R207209 Latest ListingID: 7041895

Prop Addr: 3615 NE GRAND AVE County: MultnomahCity/State/Zip: PORTLAND OR 97212-2104 Carrier Rt: C032

OWNERINFORMATION

Owner Name: ERLICH KRISTINE GOwner Addr: 3615 NE GRAND AVE Phone:City/State/Zip: PORTLAND OR 97212-2104 Carrier Rt: C032

LAND INFORMATIONLot SqFt: 5000 Lot Dim: 50x100 Acreage: 0.11

BUILDING INFORMATIONYear Built: 1996 Bedrooms: 3 Parking SF:Eff Yr Built: 1996 Bathrooms: 1.1 Garage:Style: Living SF: 1834 Fuel: ELECTRICStories: 2 Bldg SF: 1834 Heat Method: FORCED AIR# of Bldgs: 1 Bldg SF Ind: LIVING Sewer: PUBLICBldg Code: SINGLE FAMILY Bsmnt SF: Roof Cover: COMPOSITIONFireplace: Roof Type: GABLEFireplace Type: Air Cond:Foundation: CONCRETEExterior Finish: WOOD

SALES INFORMATIONDeed Type Sale Date Sale Price Document No

Current: DEED OF TRUST 6/20/2007 $326,000 000000114056Prior: DEED OF TRUST 6/13/2005 $269,500 000000111213

Title Co: TICOR TITLE Vest Type:Lender: AMERICAS WHOLESALE LENDER Loan Amt: $293,400Loan Type: CONVENTIONAL

TAX INFORMATIONTax Period: 14-15 Market Land: $161,000Tax Year: 2014 Market Impv: $181,270Tax Amt: $3,897.23 Market Total: $342,270 Assessed Total: $162,460

LEGAL INFORMATIONMap Page: 596 Map Code: 1N-1E-23-SW-SW Census Tract: 33022030Map Column: G Township: 01N Census Block: 22Map Row: 2 Range: 01E Lot: 14

Section: 23 Zoning: CGNbrhd Code: R161 Qtr Section: SW Tax Area Code: 710School Dist: 16th Section: SW Tax Rate: 0.000

Prop Class: SINGLE FAMILY RESIDENCE / TOWNHOUSE

RMLSweb - Tax Full http://www.rmlsweb.com/V2/engine/reportgen.asp?PMD=1&S...

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M REALTY

COMPARABLE LISTINGS

Act i ve – Pend ing – So l d


503.381.6334


© RMLS™ 2015. ALL RIGHTS RESERVED. - INFORMATION NOT GUARANTEED AND SHOULD BE VERIFIED.SQUARE FOOTAGE IS APPROXIMATE & MAY INCLUDE BOTH FINISHED & UNFINISHED AREAS - CONSULT BROKER FOR INFO.

SCHOOL AVAILABILITY SUBJECT TO CHANGE.

Comparables to Your Home4067 NE 15TH AVE Portland 97212 RES PEN $349,900

MLS#: 15205039 Status: PEN PTax/Yr: $1,068Beds/Baths: 3 / 2.0 SQFT: 1460 Lot Size: 0-2,999SFMap Coord: 596 / H / 1 YrBuilt: 1908 Area: 142Fireplaces: Garage: 0 Style: BUNGALOElem: Sabin High: Grant Acres: 0.06

Directions:NE Fremont to NE 15th to PropertyRemarks: Remod PDX Bungalow w/coverd frnt prch in sought aftr Sabin Dist nr AlbertaArts!Grant HS!WlkScr81/BikeScr74;near

cafe's,Starbcks,WholeFds,NewSeasons,parks!New ktchn w/slab cntrtps,can lights&SS applncs,new intr/extr paint,remodbthrms,tile,vinyl wndws,laminate wd flrs,newr gas frnce,roof&gutters,updatd fixtrs,flexibl bonus spaces,newdoors&millwork!Nicely landscpd&peaceful bckyard! 3rd bedroom (Non Conforming)/ Bonus

4113 NE 8TH AVE Portland 97211 RES PEN $385,000

MLS#: 15246411 Status: PEN PTax/Yr: $1,150Beds/Baths: 4 / 3.0 SQFT: 1830 Lot Size: 5K-6,999SFMap Coord: 596 / H / 1 YrBuilt: 1906 Area: 142Fireplaces: Garage: 0 Style: VICTElem: Sabin High: Grant Acres: 0.11

Directions:From MLK go east on NE Shaver and left on NE 8th Ave.Remarks: Sweet Victorian home with an updated kitchen, new roof, furnace, wiring, and plumbing. Wonderful organic garden with

raspberries, lilacs, rosemary, grapes and a chicken coop. Attached art studio with a sink and easy access to bathroom andbright finished basement. Could be a separate rental or private roommate setup. Great close-in neighborhood. Walk to theWilliams or Alberta business districts or Irving Park. Grant High. Low Taxes!!!

822 NE MASON ST Portland 97211 RES SLD $385,100

MLS#: 15134795 Status: SLD PTax/Yr: $1,946Beds/Baths: 3 / 2.0 SQFT: 1560 Lot Size: 0-2,999SFMap Coord: 596 / H / 1 YrBuilt: 1909 Area: 142Fireplaces: 0 Garage: 0 Style: TRADElem: Sabin High: Grant Acres: 0.04

Directions:MLK to NE MasonRemarks: True 3 BD, 2 BA is open & light filled. Circular flr plan w/designer touches throughout top to bottom remod. Custom kitch

features granite slab counters, tile backsplash, ss applcs, & tile floors. New deck,fenced yard & plenty of curb appeal. Only4 blocks from Alberta, close to all the shops, restaurants, parks & amenities that area has to offer. Sought after Sabin/Grantschools.

4515 NE 19TH AVE Portland 97211 RES SLD $468,040

MLS#: 15329836 Status: SLD PTax/Yr: $5,567Beds/Baths: 4 / 2.1 SQFT: 1552 Lot Size: 3K-4,999SFMap Coord: / / YrBuilt: 2008 Area: 142Fireplaces: 1 Garage: 1 Style: TRADElem: Sabin High: Grant Acres: 0.07

Directions:Between Alberta and PrescottRemarks: Just 2 blocks to Alberta St. and a stones throw from Hydro Park. Be a part of the fabulous art and restaurant scene that this

neighborhood has to offer. Charming, newer move-in ready 4 bedroom home with hardwood floors, granite counters & openliving concept, Pottery Barn fixtures, Rustic barn wood accent walls. Solar electricity!! Current seller tends to get refund 8out of 12 months. Central AC!

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3910 N HAIGHT AVE Portland 97227 RES ACT $439,900

MLS#: 15124332 Status: ACT PTax/Yr: $2,152Beds/Baths: 4 / 3.0 SQFT: 2784 Lot Size: 3K-4,999SFMap Coord: 596 / F / 1 YrBuilt: 1906 Area: 141Fireplaces: 0 Garage: 0 Style: BUNGALO,2STORYElem: Boise-Eliot High: Grant, Jefferson Acres: 0.11

Directions:Fremont. North on Haight - right side of street across from ParkRemarks: Complete remodel! New windows, insulation, siding, updated electrical panel, plumbing & solar tubes. 4 beds & 3 full baths,

bamboo floors, spacious kitchen w/ granite counters. Spacious master bedroom suite. Huge, fenced yard w/ stone patio,garden beds, rain garden, blueberries, raspberries etc.! Walk 2 New Seasons, Blue Star Donut, Tasty n' Sons, Lardo,Mississippi Pizza, Ristretto Roasters etc. Bike score = 91!

5406 N MICHIGAN AVE Portland 97217 RES ACT $449,000

MLS#: 15212191 Status: ACT PTax/Yr: $3,356Beds/Baths: 4 / 2.0 SQFT: 2588 Lot Size: 3K-4,999SFMap Coord: 566 / F / 7 YrBuilt: 1906 Area: 141Fireplaces: Garage: 0 Style: TRAD,2STORY

Elem: Beach High: Jefferson,Roosevelt Acres: 0.11

Directions:N Killingsworth, South on N Michigan AveRemarks: Humboldt Four Bedroom! One block to Killingsworth shops and restaurants, PCC. Walk to Mississippi shops, Peninsula

Park. Perfect location. Master Suite. All four bedrooms are spacious with an extra bonus room! Vaulted living room, formaldining room. Master Suite. Fenced yard with garden spaces and driveway.

1341 NE SUMNER ST Portland 97211 RES ACT $449,000

MLS#: 15515702 Status: ACT PTax/Yr: $1,919Beds/Baths: 3 / 2.1 SQFT: 1780 Lot Size: 3K-4,999SFMap Coord: 566 / H / 7 YrBuilt: 1913 Area: 142Fireplaces: Garage: 1 Style: BUNGALOElem: Vernon High: Jefferson Acres: 0.07

Directions:Bw Alberta and Killingsworth, take NE13th to NE Sumner and go EastRemarks: Picture perfect bungalow on a nice quiet dead end street. Just a two minute walk to all the fun on Alberta. Basement is

Airbnb/rental ready. Gorgeous built-ins, thoughtfully updated kitchen, a zenned out yard, this place is just stacked withcharacter!

6107 NE 10TH AVE Portland 97211 RES ACT $534,900

MLS#: 15364781 Status: ACT PTax/Yr: $2,983Beds/Baths: 4 / 2.0 SQFT: 2708 Lot Size: 3K-4,999SFMap Coord: / / YrBuilt: 1908 Area: 142Fireplaces: 1 Garage: 0 Style: VICT,CRAFTSMElem: Woodlawn High: Jefferson Acres: 0.11

Directions:Ainsworth North on NE 10thRemarks: OH Sat 5/16 10-12pm. Charming blend of Craftsman architecture outside, fantastic modern updates inside! So many

stunning details: High & coved ceilings, beautiful gas fireplace, built-ins, cherry hardwoods, refurbished fir floors, bathroomsw/tile-work & heated floors plus newer cooks kitchen has all new appliances in 2014! Fully finished basement w/extentrance and 1/2 bath plumbing prepped w/permits. Partial new roof 09, New AC 2013.



Summary of Comparable Listings

Active Listings

Cat MLS# Area Type Address City Yr Built Bdrms Baths SQFT Price

RES 7041895 142 3615 NE GRAND AVE , Portland, OR 97212 Portland 1996 4 1.1 1546 $419,900RES 15124332 141 DETACHD 3910 N HAIGHT AVE Portland 1906 4 3.0 2784 $439,900RES 15212191 141 DETACHD 5406 N MICHIGAN AVE Portland 1906 4 2.0 2588 $449,000RES 15515702 142 DETACHD 1341 NE SUMNER ST Portland 1913 3 2.1 1780 $449,000RES 15364781 142 DETACHD 6107 NE 10TH AVE Portland 1908 4 2.0 2708 $534,900

Pending Listings


RES 7041895 142 3615 NE GRAND AVE , Portland, OR 97212 Portland 1996 4 1.1 1546 $419,900RES 15205039 142 DETACHD 4067 NE 15TH AVE Portland 1908 3 2.0 1460 $349,900RES 15246411 142 DETACHD 4113 NE 8TH AVE Portland 1906 4 3.0 1830 $385,000

Sold Listings


RES 7041895 142 3615 NE GRAND AVE , Portland, OR 97212 Portland 1996 4 1.1 1546 $419,900RES 15134795 142 DETACHD 822 NE MASON ST Portland 1909 3 2.0 1560 $385,100RES 15329836 142 DETACHD 4515 NE 19TH AVE Portland 2008 4 2.1 1552 $468,040

M REALTY

PRICE OPINION

Cur ren t Ma rke t Va lue


503.381.6334




Pricing Your Home

Price Sqft $/Sqft CDOM

Status # Minimum Average Median Maximum Average Median Average Average Median

ACT 4 $439,900 $468,200 $449,000 $534,900 2,465 2,648 $190 N/A N/APEN 2 $349,900 $367,450 $367,450 $385,000 1,645 1,645 $224 23 23SLD 2 $385,100 $426,570 $426,570 $468,040 1,556 1,556 $275 4 4

Total Listings: 8

Sold Properties closed averaging 110.10% of their Final List Price. This reflects a -10.10%difference between Sale Price and List Price. If SNL status or Sold Auction listings are included, theSold Price to List Price ratio will be affected because the ratio is always 100% for SNL and SoldAuction listings.

Amount $/Sqft

Min. List Price: $349,900 $225Avg. List Price: $422,825 $209Max. List Price: $534,900 $198Average Sale Price: $426,570 $275Recommended List Price

Min: $374,900 $242Max: $449,900 $291Recommended: $419,900 $271

**Note: Comparable listings with SQFT=0 areexcludedfrom all Price/SQFT calculations

How the Recommended Price Looks in the Market

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M REALTY

MARKETING MATTERS

Ex cep t iona l qua l i t y s t andard s

c ap tu re t he s to ry o f your home .


503.381.6334


MARKETING MATTERS

We promote the story of your home online and in print, in a manner which captures the attention of people ready to buy.

MEET MY MEDIA TEAM

Greg Boone Media Director

Jeff Brooks Marketing Director

Ali Grigar Multimedia Artist

Ivan Limongan Graphic Designer

Charity Adams

From listing to closing, I am committed to navigating the entire sale process with you, using my expertise to sell your home smoothly, for top price. I will actively target the types of buyers most likely to want your home, and I will advise you about the home repairs and improvements that will maximize your asking price. I am committed to working with you individually and taking the time to understand the unique selling points of your home and neighborhood. You can be comfortable with, and confident in me. My committed approach is friendly, professional, thorough and honest and as an experienced agent and Portland native, I’m passionate about our community. We appreciate the opportunity to earn your business.

DISCOVER THE UNCOMMON STORY

Your home has a story to tell. The story comes alive when we uncover a deeper sense of how you live in your home and experience its various spaces and qualities.

DISCOVER CAPTURE PRESENT REACH ENGAGE

CAPTURE THE EXPERIENCE

M Realty is the only brokerage in Portland with an in-house media team that collaborates with our agents on each listing to capture the story with photos, video, copywriting, and design.


PRESENT BEAUTIFULLY ONLINE AND IN PRINT

We build a complete website for your home that combines professional photos with carefully crafted videos-creating an experience that keeps serious home-seekers engaged. We also produce in-house, high quality print pieces including multi-page, bound 'SuperFlyer' with high resolution pictures.


REACH LARGE, TARGETED AUDIENCE

For each listing, we execute a coordinated marketing campaign designed to cast the widest possible net and target key demographics. We utilize traditional tactics, such as direct mail and open houses, as well as cutting edge online marketing through social media and search engine optimization. The result is a trackable, dynamic marketing program that will speak to every potential buyer and convey a finely crafted story.


ENGAGE NEW OWNERS

The way your property is presented online and in print is as important as having the right price. M Realty marketing creates an emotional connection with the new owner, and maximizes the sale price.

Marketing matters.


Market Analysis

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