Three distinct properties across Portland, Oregon, recently sold for significantly more than their initial asking prices, each securing an offer within just one week of being listed. The rapid sales in the Sunnyside, Mount Tabor, and Hayhurst neighborhoods highlight persistent buyer demand for well-maintained, unique homes in the city's established residential areas.
The properties, ranging from a historic Craftsman to a modern cottage, attracted intense interest, resulting in final sale prices that were tens of thousands of dollars over their list prices. These sales provide a snapshot of a competitive market segment where character, location, and unique features command a premium.
Key Takeaways
- Three Portland homes in different neighborhoods all sold for over their asking price in late 2023.
- Each property received an accepted offer in less than a week, with two taking only four days.
- The homes, located in Sunnyside, Mount Tabor, and Hayhurst, appealed to buyers with their unique character and features.
- Sale premiums ranged from over $21,000 to $37,500 above the initial listing prices.
A Historic Sunnyside Craftsman Draws a Premium
A 1904 Craftsman home in Southeast Portland’s Sunnyside neighborhood was among the properties that sold swiftly. Originally listed for $599,900, the home sold for $637,000, which is $37,500 above the asking price. An offer was accepted just four days after it was placed on the market on October 16.
Known as the Jessie M. Raymond House, the property is listed in the National Register of Historic Places. It features 2,854 square feet of living space, including three bedrooms and well-preserved architectural details from the early 20th century.
Listing agents Carmel Siler and Tyler King of Windermere Realty Trust highlighted the home's historic appeal.
“From its graceful wraparound porch and stone-columned entry to the woodwork, leaded glass and pocket doors inside, every detail tells a story of early 20th-century craftsmanship.”
The home's interior boasts coffered ceilings in the living and dining rooms, adding to its classic charm. The property sits on a 0.12-acre lot that is also home to a protected Pacific dogwood tree, designated as Portland Heritage Tree 117.
Property at a Glance: Sunnyside Craftsman
- Final Sale Price: $637,000
- Premium Over Asking: $37,500
- Time to Offer: 4 days
- Year Built: 1904
- Historic Designation: Jessie M. Raymond House
The transaction for this historic property officially closed on November 20. The quick sale and significant over-asking price underscore the value buyers place on homes with historical significance and preserved character.
Mount Tabor Home Sells Quickly with ADU Potential
In the nearby Mount Tabor neighborhood, a 1924 house also experienced a rapid sale. Listed at $599,900, it sold for $628,000, a premium of $28,100. An offer was accepted six days after its market debut on October 16, with the sale closing on November 20.
This three-level home offers 2,007 square feet of living space and has been updated for modern living. A key feature is its layout, which includes three bedrooms and three full bathrooms, a combination that provides significant flexibility for homeowners.
Listing agent Jennifer Moody of Stellar Realty Northwest pointed to the property's future potential as a major draw for buyers.
“The oversized garage with exterior access presents exciting ADU (accessory dwelling unit) potential for future expansion or income opportunity.”
The house is situated on a 0.13-acre corner lot with mature trees, offering a sense of privacy and established landscaping. The possibility of adding an ADU is a valuable feature in Portland, where demand for flexible housing options and potential rental income is high. This forward-looking feature likely contributed to the competitive offers the property received.
Charming Hayhurst Cottage with Unique Feature Finds New Owner
A 1928 cottage in Southwest Portland's Hayhurst neighborhood also sold for above its list price. The home was listed for $449,999 and ultimately sold for $471,100, which is $21,101 over the asking price. Like the Sunnyside property, it received an accepted offer in just four days after being listed on October 17.
The three-level cottage has 1,446 square feet of living space with three bedrooms and two bathrooms. It has been updated with a seismic retrofit and features refinished original fir floors, blending modern safety with historic charm.
What is a Catio?
A "catio" is a screened-in outdoor enclosure for cats, often attached to a house. It allows pets to experience the outdoors safely, protecting them from predators and preventing them from wandering off. The skybridge is an elevated, enclosed walkway that connects the house to the catio, giving felines a unique vantage point.
One of the property's most distinctive features is its setup for pets. The backyard includes a screened cat patio, or "catio," and a cat skybridge. This unique amenity provides a safe and engaging outdoor space for feline residents. Listing agent Heidi Hopfer of Neighbors Realty noted the property's connection to nature.
“The certified backyard habitat features easy-to-maintain native plantings, terraced landscaping, with both upper and lower decks perfect for relaxing or entertaining.”
The 3,920-square-foot lot is adjacent to a green space, enhancing its appeal for those seeking a connection to nature within the city. The transaction for this home closed on November 5, capping off a series of swift, competitive sales across the city.
