NOT LISTED FOR SALE

11897 SE Pine St Unit 11899 Portland, OR 97216

Hazelwood Neighborhood

Estimated Value: $366,084 - $474,000

3 Beds
3 Baths
1,651 Sq Ft
$249/Sq Ft Est. Value

Last Sold August 04, 2022

Last sale price $449,900 $273 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $2,547/month

Highlights

  • Corner Lot
  • 5-minute walk to E 122Nd
  • 3-minute walk to Ventura Park
  • Detached Garage
  • Washer and Dryer

About This Home

As of August 2022

Excellent investment opportunity or owner-occupied duplex, meticulously maintained & managed. Each unit offers covered parking & in unit W/D. Unit 11897 has 2 bedroom/1.5 bath at 995 sq. ft. w/patio, balcony & laminate flooring (2016). Unit 11899 is vacant and ready for new tenants or house hack. Projected rent of $1300 and is 655 sq ft, 1 bedroom, 1 bath with new paint and carpet. Future cap rate is 6% once lower unit is rented.

Last Agent to Sell the Property

Sarah Beth d'Avignon

Redfin License #201202030 Listed on: 06/30/2022

Redfin

Last Buyer's Agent

Jamohl DeWald

Premiere Property Group, LLC License #201213023

Premiere Property Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,527

Year Built

  • Built in 2005

Lot Details

  • 1,873

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Finished Basement
  • Exterior Basement Entry
  • Washer and Dryer

Kitchen

  • Range
  • Dishwasher

Parking

  • Detached Garage
  • Carport

Additional Features

  • Corner Lot
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection, ground maintenance

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,527

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Stories: 3
  • Year Built: 2005
  • Property Condition: Existing
  • Remarks Public: Excellent investment opportunity or owner-occupied duplex, meticulously maintained & managed. Each unit offers covered parking & in unit W/D. Unit 11897 has 2 bedroom/1.5 bath at 995 sq. ft. w/patio, balcony & laminate flooring (2016). Unit 11899 is vacant and ready for new tenants or house hack. Projected rent of $1300 and is 655 sq ft, 1 bedroom, 1 bath with new paint and carpet. Future cap rate is 6% once lower unit is rented.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: PARTITION PLAT 2004-98, INC UND INT TRACT A, N 21' OF LOT 2
  • Basement: Finished, Exterior Entry

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 0-2,999SF
  • Roof Type: Composition
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Carport, Detached

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public Water
  • Heating Description: Wall Furnace
  • Security: Unknown

Condo/Co-op/Association

  • Unit Features: Dishwasher, Range, Refrigerator, Washer/Dryer

Schools

  • Elementary School: Ventura Park
  • Middle School: Floyd Light
  • High School: David Douglas

Lot Info

  • Lot Description: Corner Lot
  • Zoning: R1

Rental Info

  • Rent Includes: Trash Collection, Maintenance Grounds

Tax Info

  • Tax Amount: 4417.00
  • Assessor Parcel Number: R557005
  • Tax Year: 2021

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 24.45

MLS Schools

  • Elementary School: Ventura Park
  • High School: David Douglas
  • Middle School: Floyd Light

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2022
Closed on
Aug 1, 2022
Sold by
Boumann Jesse D
Bought by
Lumbroso Samuel John
Seller's Agent
Sarah Beth d'Avignon
Redfin
Buyer's Agent
Jamohl DeWald
Premiere Property Group, LLC
List Price
$449,900
Sold Price
$449,900
Current Estimated Value
$410,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,379
Avg. Annual Appreciation
-2.81%
Original Mortgage
$337,425
Outstanding Balance
$323,349
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$87,172
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
Lumbroso Samuel John $449,900 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lumbroso Samuel John $337,425
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2022 08/04/22 Sold $449,900 0.0% $273 / Sq Ft
07/02/2022 07/02/22 Pending -- -- --
06/30/2022 06/30/22 For Sale $449,900 -- $273 / 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 $4,527 $189,760 -- --
2023 $4,527 $184,240 $0 $0
2022 $4,105 $178,880 $0 $0
2021 $4,037 $173,670 $0 $0
2020 $3,658 $168,620 $0 $0
2019 $3,541 $163,710 $0 $0
2018 $3,432 $158,950 $0 $0
2017 $3,306 $154,330 $0 $0
2016 $3,011 $149,840 $0 $0
2015 $2,873 $145,480 $0 $0
2014 $2,829 $141,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jamohl DeWald

    Buyer's Agent in 2022

    Jamohl DeWald

    Premiere Property Group, LLC

    (503) 545-4945

    3 in this area

    49 Total Sales

    Jamohl DeWald
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22466448

Regional Multiple Listing Service (RMLS)

APN: R557004

Oregon Multnomah County Portland 97216 Hazelwood

11897 SE Pine St Unit 11899, Portland, OR

This home is located at 11897 SE Pine St Unit 11899, Portland, OR 97216 since 30 June 2022 and is currently estimated at $410,521, approximately $248 per square foot. This property was built in 2005. 11897 SE Pine St Unit 11899 is a home located in Multnomah County with nearby schools including Ventura Park Elementary School, Floyd Light Middle School, and David Douglas High School.

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