NOT LISTED FOR SALE

Estimated Value: $530,000 - $605,000

4 Beds
2 Baths
1,460 Sq Ft
$384/Sq Ft Est. Value

Last Sold July 01, 2024

Last sale price $580,000 $397 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,424/month

6 Days on Market

Highlights

  • RV Access or Parking
  • Wooded Lot
  • No HOA
  • Wood Burning Stove
  • Corner Lot
  • 1 Car Detached Garage

About This Home

As of July 2024

Great investment opportunity awaits in this single family residential home equipped with an attached. Located next to Providence Hospital, convenience stores and bus routes, this home has solid rental history and has potential for much more. The main home is a 3 bed 1 bath (plus office) with a large kitchen and living room. Live in the main home and rent out the ADU or add a cash-flowing rental to your portfolio. Garage and storage units are fully insulated and provide rental income. Check attached docs for financials and rental history.

Last Agent to Sell the Property

A.J Contreras-Peraza

Real Broker Brokerage Phone: 503-779-9377 License #201225069 Listed on: 04/04/2024

Real Broker

Last Buyer's Agent

Jaime Emmett

John L. Scott Portland Central License #201236412

John L. Scott Portland Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,607

Year Built

  • Built in 1950

Lot Details

  • 6,098 Sq Ft Lot
  • Corner Lot
  • Wooded Lot

Parking

  • 1 Car Detached Garage
  • RV Access or Parking

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Wood Burning Stove
  • Crawl Space

Schools

  • Ardenwald Elementary School
  • Rowe Middle School
  • Milwaukie High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Rent includes electricity, gas, sewer, trashcollection, water
  • Assessor Parcel Number 00023129

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $34,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,607

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1950
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage,IndividualStorageUnits
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: CornerLot, Wooded
  • Road Surface Type: Concrete, Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Detached, RVAccessParking
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 3.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: CentralAir, WallUnit
  • Cooling Y N: Yes
  • Heating: ForcedAir, WoodStove
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Ardenwald
  • High School: Milwaukie
  • Middle Or Junior School: Rowe

Lot Info

  • Zoning: R1-3
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098.0
  • Parcel #: 00023129
  • Assessor Parcel Number 2: 05034080

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, Gas, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 3607.1
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 17.5
  • Annual Gross Income: 34800.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2019
Sold by
Wachi Acres Llc
Bought by
Wachi Foundation
Current Estimated Value
$560,436

Purchase Details

Closed on
Oct 10, 2018
Sold by
Wachi Foundation
Bought by
Wa Chi Acres Llc

Purchase Details

Closed on
Sep 1, 2018
Sold by
Wu Chi Investments Llc
Bought by
Wu Chi Foundation

Purchase Details

Closed on
Jun 20, 2007
Sold by
Weston Jon A
Bought by
Wu Chi Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,620
Interest Rate
5.86%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 15, 2005
Sold by
Weston Jon Ashley
Bought by
Weston Jon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 7, 2005
Sold by
Wu Chi Investments Llc
Bought by
Weston Jon Ashley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2005
Sold by
Weston Jon A
Bought by
Wu Chi Investments Llc

Purchase Details

Closed on
Oct 10, 2004
Sold by
Moorhouse Douglas William and Beaty Moorhouse Wen Le
Bought by
Weston Jon A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
8.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2004
Sold by
Moorhouse Douglas William
Bought by
Moorhouse Douglas William and Beaty Moorhouse Wen Le

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,150
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 2003
Sold by
Hud
Bought by
Moorhouse Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,150
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2003
Sold by
Hardy Kathleen R and Hardy Leon J
Bought by
Gmac Mortgage Corp

Purchase Details

Closed on
Mar 2, 2000
Sold by
Hill Larry
Bought by
Hardy Leon J and Hardy Kathleen R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,860
Interest Rate
8.26%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Wachi Foundation -- None Available
Wa Chi Acres Llc -- None Available
Wu Chi Foundation -- None Available
Wu Chi Investments Llc -- None Available
Weston Jon -- Chicago Title Co
Weston Jon Ashley -- Chicago Title Insurance Comp
Wu Chi Investments Llc -- --
Weston Jon A $180,000 Lawyers Title Ins
Moorhouse Douglas William -- --
Moorhouse Douglas $137,000 First American Title Insuran
Gmac Mortgage Corp $156,737 Fatco
Hardy Leon J $142,500 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weston Jon A $57,620
Previous Owner Weston Jon $232,500
Previous Owner Weston Jon $46,500
Previous Owner Weston Jon $89,000
Previous Owner Weston Jon Ashley $60,000
Previous Owner Weston Jon $154,000
Previous Owner Weston Jon A $144,000
Previous Owner Moorhouse Douglas $130,150
Previous Owner Hardy Leon J $140,860
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2024 07/01/24 Sold $580,000 -4.8% $397 / Sq Ft
04/11/2024 04/11/24 Pending -- -- --
04/04/2024 04/04/24 For Sale $609,000 -- $417 / 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
2024 $5,579 $254,900 -- --
2023 $5,579 $164,604 $0 $0
2022 $3,427 $159,810 $0 $0
2021 $3,307 $155,156 $0 $0
2020 $3,204 $150,637 $0 $0
2019 $3,156 $146,250 $0 $0
2018 $2,952 $149,338 $0 $0
2017 $2,868 $144,988 $0 $0
2016 $2,771 $140,765 $0 $0
2015 $2,639 $136,665 $0 $0
2014 $2,503 $132,684 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24486958

Regional Multiple Listing Service (RMLS)

APN: 00023129