$674,792
SOLD JAN 21, 2014

1104 SW Gaines St Unit 1118 Portland, OR 97239

Council Crest Neighborhood
10 Beds
5 Baths
4,525 Sq Ft
4,008 Sq Ft Lot

Recently Sold

$149 Per Sq Ft

7 Days on Market

Highlights

  • Wood Burning Stove
  • Fireplace
  • Wood Siding
  • Ainsworth Elementary School Rated A-

About This Home

As of June 2023

Two separate homes on one lot, with a total of 5 separate rentable units; one of the units is non-conforming. Only a few minute's walk to OHSU, 1 block from bus #8, and next to Marquam Hill Trail head. Medical professional clientele with 0% vacancy factor, wait list, & minimal upkeep. Mechanical upgrades throughout. Outstanding income property with some leases paid far in advance, on a quiet dead-end street. Excellent opportunity!

Last Agent to Sell the Property

Kendall Woodworth

Windermere Realty Trust License #910800125 Listed on: 12/17/2013

Windermere Realty Trust

Last Buyer's Agent

Marcus Brown

Realty One Group Prestige License #200410316

Realty One Group Prestige

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,026

Year Built

  • Built in 1937

Parking

  • Leased Parking
  • Assigned Parking

Home Design

  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 3-Story Property
  • Fireplace
  • Wood Burning Stove
  • Basement Storage

Kitchen

  • Range
  • Dishwasher

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 5 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,026

Year Built

Built in 1937

Lot Details

0

Parking

3

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 4525
  • Stories: 3
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: PORTLAND CITY HMSTD, BLOCK 36, E 90' OF LOT 4
  • Storage: Basement

Exterior Features

  • Exterior Description: Shingle Siding, Wood Siding
  • Lot Size: 3,000 to 4,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 3
  • Parking Description: Assigned, Leased

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity, Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air
  • Utilities Included: Trash Collection, Water

Condo/Co-op/Association

  • Common Amenities: Laundry
  • Unit Features: Dishwasher, Fireplace, Hardwood Floors, Range, Refrigerator, Wood Stove

Schools

  • Elementary School: Ainsworth
  • Middle School: West Sylvan
  • High School: Lincoln

Lot Info

  • Zoning: R1

Tax Info

  • Tax Amount: 5320.76
  • Assessor Parcel Number: R247142

Multi Family

  • Unit Type: 1, 2, 3, 4, 5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 10.31

MLS Schools

  • Elementary School: Ainsworth
  • High School: Lincoln
  • Middle School: West Sylvan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2022
Closed on
Jun 9, 2023
Sold by
Norris Joanne
Bought by
1104Swgaines Llc
Seller's Agent
Sanam Dowlatdad
Where Real Estate Collaborative
Buyer's Agent
Allison Grice
KJK Properties PC
List Price
$995,000
Sold Price
$800,000
Premium/Discount to List
-$195,000
-19.6%
Views
78
Current Estimated Value
$842,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,359
Avg. Annual Appreciation
1.86%
Original Mortgage
$560,000
Outstanding Balance
$466,976
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$367,231

Purchase Details

Listed on
Dec 17, 2013
Closed on
Jan 16, 2014
Sold by
Mcalpine William Scott
Bought by
Norris Joanne
Seller's Agent
Kendall Woodworth
Windermere Realty Trust
Buyer's Agent
Marcus Brown
Realty One Group Prestige
List Price
$675,000
Sold Price
$674,792
Premium/Discount to List
-$208
-0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.83%

Purchase Details

Closed on
Aug 28, 1995
Sold by
Pope Richard S
Bought by
Mcalpine William Scott and Mcalpine Lorrie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,900
Interest Rate
7.87%
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 Type Sale Price Title Company
Warranty Deed $800,000 Fidelity National Title
Warranty Deed $674,792 Fidelity Natl Title Co Of Or
Individual Deed $147,000 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $560,000 New Conventional
Previous Owner $102,900 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2023 06/15/23 Sold $800,000 -19.6% $191 / Sq Ft
04/21/2023 04/21/23 Pending -- -- --
11/22/2022 11/22/22 For Sale $995,000 +47.5% $237 / Sq Ft
01/21/2014 01/21/14 Sold $674,792 0.0% $149 / Sq Ft
12/24/2013 12/24/13 Pending -- -- --
12/17/2013 12/17/13 For Sale $675,000 -- $149 / 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 $9,026 $337,650 -- --
2023 $8,679 $327,820 $0 $0
2022 $8,491 $318,280 $0 $0
2021 $8,347 $309,010 $0 $0
2020 $7,657 $300,010 $0 $0
2019 $7,375 $291,280 $0 $0
2018 $7,159 $282,800 $0 $0
2017 $6,861 $274,570 $0 $0
2016 $6,279 $266,580 $0 $0
2015 $6,114 $258,820 $0 $0
2014 $6,022 $251,290 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 13121983

Regional Multiple Listing Service (RMLS)

APN: R247142