NOT LISTED FOR SALE

10622 SE Powell Blvd Unit 10628 Portland, OR 97266

Lents Neighborhood

Estimated Value: $859,000 - $966,000

12 Beds
8 Baths
4,224 Sq Ft
$212/Sq Ft Est. Value

Last Sold May 15, 2014

Last sale price $460,000 $109 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,566/month

10 Days on Market

Highlights

  • Secured Garage or Parking
  • Garage
  • Lap Siding
  • Parking Storage or Cabinetry
  • Level Lot
  • 4-minute walk to Portland Memory Garden

About This Home

As of May 2014

4 plex in great condition w/long term tenants. Fast, convenient access to I-205. Income cap rate of 6.96%. 3 bedroom 2 bath units with garage. Great opportunity to implement water/sewer tenant charges to supplement the below market rent rate. All offers subject to interior inspection. Do not disturb tenants.

Last Agent to Sell the Property

Craig Reger

Reger Homes, LLC License #970300201 Listed on: 02/11/2014

Co-Listed By

Benjamin Droukas

Windermere Realty Trust License #200401007

Last Buyer's Agent

Sitka Chiu

Forum Real Estate LLC License #200507361

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,506

Year Built

  • Built in 1996

Lot Details

  • 0.4

Home Design

  • Lap Siding

Kitchen

  • Range
  • Dishwasher
  • Disposal

Parking

  • Garage
  • Parking Storage or Cabinetry
  • Secured Garage or Parking

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • 1-Story Property
  • Level Lot

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,506

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Category: MultiFamily
  • Stories: 1
  • Year Built: 1996
  • Year Built Description: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: MULTNOMAH BERRY RANCH, LOT 14 TL 100
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Lap Siding
  • Roof Type: Composition

Garage/Parking

  • Parking Description: Secured, Garage

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air

Condo/Co-op/Association

  • Unit Features: Dishwasher, Disposal, Range, Refrigerator

Lot Info

  • Lot Description: Level
  • Zoning: R2

Tax Info

  • Tax Amount: 5822.78
  • Assessor Parcel Number: R223902

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 9.74

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2014
Closed on
Jun 6, 2014
Sold by
Ma Hoi Wing
Bought by
Wing & Jing Investment Llc
Seller's Agent
Craig Reger
Reger Homes, LLC
Buyer's Agent
Sitka Chiu
Forum Real Estate LLC
List Price
$470,000
Sold Price
$460,000
Premium/Discount to List
-$10,000
-2.13%
Current Estimated Value
$845,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$385,605
Avg. Annual Appreciation
4.74%
Original Mortgage
$322,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 11, 2014
Closed on
Apr 29, 2014
Sold by
Ponce Jay J
Bought by
Wang Hing Sheng and Ma Hoi Wing
Seller's Agent
Craig Reger
Reger Homes, LLC
Buyer's Agent
Sitka Chiu
Forum Real Estate LLC
List Price
$470,000
Sold Price
$460,000
Premium/Discount to List
-$10,000
-2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2005
Sold by
Cash House Buyers Inc
Bought by
Ponce Jay J and Ponce Vicki S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wing & Jing Investment Llc -- None Available
Wang Hing Sheng $460,000 Lawyers Title
Ponce Jay J $425,000 Lawyers Title Ins
Cash House Buyers Inc $400,000 Lawyers Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wing & Jing Investment Llc $498,000
Closed Wang Hing Sheng $322,000
Previous Owner Ponce Jay J $340,000
Closed Ponce Jay J $42,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2014 05/15/14 Sold $460,000 -2.1% $109 / Sq Ft
02/21/2014 02/21/14 Pending -- -- --
02/11/2014 02/11/14 For Sale $470,000 -- $111 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $11,506 $489,550 $0 $0
2022 $10,907 $475,300 $0 $0
2021 $10,728 $461,460 $0 $0
2020 $9,718 $448,020 $0 $0
2019 $9,409 $434,980 $0 $0
2018 $9,119 $422,320 $0 $0
2017 $8,783 $410,020 $0 $0
2016 $8,451 $398,080 $0 $0
2015 $8,001 $386,490 $0 $0
2014 $6,806 $375,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Craig Reger

    Seller's Agent in 2014

    Craig Reger

    Reger Homes, LLC

    (971) 808-8539

    1 in this area

    204 Total Sales

    Section Image
  • Benjamin Droukas

    Seller Co-Listing Agent in 2014

    Benjamin Droukas

    Windermere Realty Trust

    (503) 522-4645

    112 Total Sales

    Section Image

  • S

    Buyer's Agent in 2014

    Sitka Chiu

    Forum Real Estate LLC

    (971) 533-2338

    1 in this area

    49 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 14460606

Regional Multiple Listing Service (RMLS)

APN: R223902

Oregon Multnomah County Portland 97266 Lents

10622 SE Powell Blvd Unit 10628, Portland, OR

This home is located at 10622 SE Powell Blvd Unit 10628, Portland, OR 97266 since 11 February 2014 and is currently estimated at $896,587, approximately $212 per square foot. This property was built in 1996. 10622 SE Powell Blvd Unit 10628 is a home located in Multnomah County with nearby schools including Earl Boyles Elementary School, Ron Russell Middle School, and David Douglas High School.

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