NOT LISTED FOR SALE

Estimated Value: $698,000 - $955,000

6 Beds
3 Baths
3,568 Sq Ft
$228/Sq Ft Est. Value

Last Sold August 30, 2023

Last sale price $735,250 $206 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,292/month

38 Days on Market

Highlights

  • Corner Lot
  • Cooling Available
  • Forced Air Heating System
  • Glencoe Elementary School Rated A-

About This Home

As of August 2023

Spacious, remodeled duplex in a quiet Hawthorne / Sunnyside location! Newer siding, exterior & interior paint, sewer line and concrete work, along with updated plumbing and electrical. Many recent cosmetic & mechanical improvements have been completed since 2019 while thoughtfully retaining the property's vintage charm & character! Upper Unit A features include: waterproof laminate flooring, new interior paint, stainless steel appliances, tile countertops & backsplash, new light fixtures, new mini split & electric wall units, large closets, dining area in kitchen and a large remodeled bath with a clawfoot tub and built-ins galore! Main level Unit features include: LVP flooring, remodeled kitchen with stainless steel appliances, granite counters and tile backsplash, nook / den, formal living and dining rooms, an electric fireplace, french doors, soaring ceilings, a remodeled tile bathroom and a lower level bonus room. Each unit has access to it's own washer & dryer and a partial unfinished basement provides room for storage. Situated on a corner lot with 2 patios and plenty of street parking always available. A wonderful property perfect for owner occupy or investment opportunity! Close to Belmont & Hawthorne commercial districts & Mt. Tabor Park. Interior photos are from when the units were vacant *Fully occupied - Do not disturb tenants*

Last Agent to Sell the Property

Heidi Settlemier

Alameda Realty LLC License #990400029 Listed on: 06/07/2023

Last Buyer's Agent

Jack Waddle

Keller Williams Realty Portland Elite License #201223373

Keller Williams Realty Portland Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,449

Year Built

  • Built in 1890 | Remodeled

Lot Details

  • Corner Lot

Home Design

  • Composition Roof
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,568 Sq Ft Home
  • 2-Story Property

Unfinished Basement

  • Partial Basement
  • Basement Storage

Schools

  • Glencoe Elementary School
  • Mt Tabor Middle School
  • Franklin High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R240228

Community Details

Overview

  • 2 Units
  • Hawthorne Subdivision

Building Details

  • Operating Expense $13,736
  • Gross Income $51,576
  • Net Operating Income $37,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,449

Year Built

Built in 1890 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1890
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: PartialBasement, StorageSpace, Unfinished
  • Storage: Basement
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter, Other
  • View: No
  • Lot Features: CornerLot
  • Road Surface Type: Concrete, Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Cooling: HeatPump
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Glencoe
  • High School: Franklin
  • Middle Or Junior School: Mt Tabor

Lot Info

  • Zoning: R2.5
  • Parcel #: R240228

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 8449.15

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.06
  • Annual Gross Income: 51576.0
  • Property Net Operating Income: 37840.0
  • Annual Operating Expense: 13736.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2023
Closed on
Aug 28, 2023
Sold by
Genoa Business Associates Llc
Bought by
Lea Margot
Seller's Agent
Heidi Settlemier
Alameda Realty LLC
Buyer's Agent
Jack Waddle
Keller Williams Realty Portland Elite
List Price
$750,000
Sold Price
$735,250
Premium/Discount to List
-$14,750
-1.97%
Total Days on Market
38
Views
39
Current Estimated Value
$814,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,147
Avg. Annual Appreciation
5.98%
Original Mortgage
$551,438
Outstanding Balance
$541,999
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$272,398

Purchase Details

Listed on
Oct 4, 2019
Closed on
Oct 28, 2019
Sold by
Schroeder Robert S and Wall Laurie A
Bought by
Genoa Business Associates Llc
Seller's Agent
Ben Ficker
Keller Williams Sunset Corridor
Buyer's Agent
Heidi Settlemier
Alameda Realty LLC
List Price
$550,000
Sold Price
$558,000
Premium/Discount to List
$8,000
1.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.47%

Purchase Details

Closed on
Aug 27, 1998
Sold by
Stalsberg Charles K and Schroeder Robert S
Bought by
Schroeder Robert S and Wall Laurie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
6.91%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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
Lea Margot $735,250 Fidelity National Title
Genoa Business Associates Llc $558,000 Ticor Title Company Of Or
Schroeder Robert S -- Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lea Margot $551,438
Previous Owner Schroeder Robert S $164,000
Previous Owner Schroeder Robert S $175,000
Previous Owner Schroeder Robert S $103,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2023 08/30/23 Sold $735,250 +1.4% $206 / Sq Ft
07/16/2023 07/16/23 Pending -- -- --
06/24/2023 06/24/23 Price Changed $725,000 -3.3% $203 / Sq Ft
06/07/2023 06/07/23 For Sale $750,000 0.0% $210 / Sq Ft
06/23/2022 06/23/22 For Rent $2,100 0.0% --
10/31/2019 10/31/19 Sold $558,000 +1.5% $154 / Sq Ft
10/07/2019 10/07/19 Pending -- -- --
10/04/2019 10/04/19 For Sale $550,000 -- $152 / 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 $8,636 $325,910 $0 $0
2022 $8,449 $316,420 $0 $0
2021 $8,306 $307,210 $0 $0
2020 $7,620 $298,267 $0 $0
2019 $7,134 $281,470 $0 $0
2018 $6,924 $273,280 $0 $0
2017 $6,637 $265,330 $0 $0
2016 $6,074 $257,610 $0 $0
2015 $5,914 $250,110 $0 $0
2014 $5,825 $242,830 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23439204

Regional Multiple Listing Service (RMLS)

APN: R240228