$800,000
SOLD MAR 3, 2023
-- Bed
-- Bath
3,210 Sq Ft
0.36 Acres

Recently Sold

$249 Per Sq Ft

1 Day on Market

Highlights

  • Seasonal View
  • Baseboard Heating
  • Lap Siding
  • Property is near a bus stop
  • Level Lot

About This Home

As of March 2023

*No Showings until we have an accepted offer. Showings to be scheduled with the inspection. Amazing investment opportunity! Great fourplex, runs itself, very minimal maintenance needs, great location! Prime location, near downtown Tigard. New back concrete patios.

Last Agent to Sell the Property

Marc Fox

Keller Williams Realty Portland Premiere License #200508221 Listed on: 01/28/2023

Keller Williams Realty Portland Premiere

Co-Listed By

Chris Merz

Keller Williams Realty Portland Premiere License #201221560

Last Buyer's Agent

Miguel Ochoa

Premiere Property Group, LLC License #201222251

Premiere Property Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,437

Year Built

  • Built in 1954

Home Design

  • Composition Roof
  • Lap Siding
  • Cedar

Interior Spaces

  • 3,210 Sq Ft Home
  • Seasonal Views
  • Crawl Space

Parking

  • Paved Parking
  • Open Parking

Schools

  • Metzger Elementary School
  • Fowler Middle School
  • Tigard High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Level Lot
  • Property is near a bus stop

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R276800

Community Details

Building Details

  • Operating Expense $16,741
  • Gross Income $43,933
  • Net Operating Income $27,192

Additional Features

  • 4 Units
  • Common Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,437

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1954
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt15000to19999

Exterior Features

  • Exterior Description: Cedar,LapSiding
  • Lot Size: 15,000 to 19,999 SqFt
  • View: Yes
  • Lot Features: Level, OnBusline
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: Seasonal

Garage/Parking

  • Parking Description: Open, Paved
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Commons

Schools

  • Elementary School: Metzger
  • High School: Tigard
  • Middle Or Junior School: Fowler

Lot Info

  • Zoning: MU-CBD
  • Parcel #: R276800

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 6437.25

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 18.21
  • Annual Gross Income: 43933.0
  • Property Net Operating Income: 27192.0
  • Annual Operating Expense: 16741.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2023
Closed on
Mar 2, 2023
Sold by
Cjm Metro Holdings Llc
Bought by
Ochoa Jose A and Diaz Elsa Lizbeth
Seller's Agent
Marc Fox
Keller Williams Realty Portland Premiere
Buyer's Agent
Miguel Ochoa
Premiere Property Group, LLC
List Price
$799,900
Sold Price
$800,000
Premium/Discount to List
$100
0.01%
Views
20
Current Estimated Value
$822,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,811
Avg. Annual Appreciation
1.09%
Original Mortgage
$600,000
Outstanding Balance
$581,231
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$241,580

Purchase Details

Closed on
Apr 8, 2020
Sold by
Merz Christopher J and Merz Kevin T
Bought by
Merz Kevin T and Merz Sue J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2020
Sold by
Aileen Avenue Llc
Bought by
Merz Christopher J and Merz Kevin T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2016
Sold by
Merz Christopher J and Merz Kevin T
Bought by
Aileen Avenue Llc

Purchase Details

Closed on
Feb 26, 2016
Sold by
Merz Christopher J
Bought by
Merz Christopher J and Merz Kevin T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 1, 2015
Closed on
Nov 17, 2015
Sold by
Nelson Sherrie
Bought by
Merz Christopher J
Seller's Agent
Kristen Riggs
District Real Estate
Buyer's Agent
Josh Rudzek
Calibre Real Estate
List Price
$445,000
Sold Price
$445,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.44%
Original Mortgage
$356,000
Interest Rate
3.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 15, 2004
Sold by
Olson Norris A
Bought by
Olson Norris A and Olson Kathleen A
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 Lawyers Title
Interfamily Deed Transfer -- First American
Bargain Sale Deed -- First American
Bargain Sale Deed -- Accommodation
Interfamily Deed Transfer -- Stewart Title
Warranty Deed $445,000 Fidelity Natl Title Co Of Or
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $600,000 New Conventional
Previous Owner $448,000 New Conventional
Previous Owner $356,000 New Conventional
Previous Owner $356,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2023 03/03/23 Sold $800,000 0.0% $249 / Sq Ft
01/30/2023 01/30/23 Pending -- -- --
01/28/2023 01/28/23 For Sale $799,900 +79.8% $249 / Sq Ft
11/30/2015 11/30/15 Sold $445,000 0.0% $131 / Sq Ft
11/01/2015 11/01/15 Pending -- -- --
11/01/2015 11/01/15 For Sale $445,000 +187.1% $131 / Sq Ft
11/08/2012 11/08/12 Sold $155,000 -35.4% --
10/15/2012 10/15/12 Pending -- -- --
01/03/2012 01/03/12 For Sale $239,900 -- --
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
2025 $6,985 $409,730 -- --
2024 $6,798 $397,800 -- --
2023 $6,798 $386,220 $0 $0
2022 $6,603 $386,220 $0 $0
2021 $6,437 $364,060 $0 $0
2020 $6,244 $353,460 $0 $0
2019 $5,974 $343,170 $0 $0
2018 $5,731 $333,180 $0 $0
2017 $5,524 $323,480 $0 $0
2016 $5,275 $314,060 $0 $0
2015 $5,070 $304,920 $0 $0
2014 $1,977 $118,980 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23658650

Regional Multiple Listing Service (RMLS)

APN: R0276800