- $328,000 Arbor Lodge Home to Be Torn Down
- Eighteen Units Replacing Single-Family Home
PORTLAND, Ore. – A single-family house built in 1922 in the Arbor Lodge neighborhood of North Portland is being demolished and is likely to be replaced by multiple new units.
Photo credit: Portland Chronicle
The 93-year-old house, located at 6205 N Minnesota Ave., is 1,021 square feet on a 7,700-square-foot lot. It is one story in height and is located directly adjacent to Interstate 5.
Photo credit: Portland Chronicle
In 2012 the property sold from an individual owner to The Ableton Group Inc, registered to Tyler Combs in Tigard, for $140,000.
In May 2014 it sold again to N Minnesota LLC, registered to Vince Piscitello in West Linn, for $265,000, representing a $125,000 appreciation in value over those two years.
Photo credit: Portland Chronicle
While city data still lists N Minnesota LLC as the owner, on March 24 of this year the county recorded a sale to Minneapolis LLC, registered to Giuseppe Pecorado and the Stephen T. Doubleday Revocable Trust Dated September 18, 2014, for a sale price of $328,000. This price is $63,000 higher than the property sold for 10 months prior.
Two days after the 2014 sale to N Minnesota LLC the city received an application for demolition of the 93-year-old house. The listed applicant was Kevin Partain of Urban Visions. That permit was subject to the 35-day delay and was allowed to be issued in June 2014.
However, the permit was not issued until March 27, 2015, shortly after the recent sale to Minneapolis LLC. The contractor on the demolition is listed as Pino Pecorado of Pino Inc.
Photo credit: Portland Chronicle
While there are no construction permits filed, the fact that the house was initially subject to the 35-day delay, as well as the fact that the property is 7,700 square feet in a high density residential zone in the North Interstate Plan District suggests the house will be replaced by something more than a new single-family dwelling.
In a high density residential zone, “density is not regulated by a maximum number of units by acre” but rather by floor-area ratio limits.
Photo credit: Portland Chronicle
The property is also located within a design overlay zone, the purpose of which is to promote “the conservation, enhancement, and continued vitality of areas of the City with special scenic, architectural, or cultural value.”