NOT LISTED FOR SALE

121 NE 24th Ave Unit 125 Portland, OR 97232

Kerns Neighborhood

Estimated Value: $866,000 - $1,165,087

6 Beds
3 Baths
2,595 Sq Ft
$397/Sq Ft Est. Value

Last Sold November 10, 2017

Last sale price $910,000 $351 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $6,559/month

31 Days on Market

Highlights

  • Wood Flooring
  • Storage
  • Level Lot
  • Cleveland High School Rated A-

About This Home

As of November 2017

This centrally located asset is made up of 3 fully renovated, 2 beds, 1 bath units of 865 SF. Near many popular east side amenities and with excellent access to transportation, this property has an overall walk score of 94 and a perfect bike score of 100. Some of the many property features include a new roof, extra storage, SS appliances, hardwood floors, washer dryer hook ups, back patios, onsite parking and additional rental upside.

Last Agent to Sell the Property

Liza Fong

Windermere Community Realty License #200411252 Listed on: 09/11/2017

Last Buyer's Agent

Nash Barinaga

Soldera Properties, Inc License #950600156

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,426

Year Built

  • Built in 1971

Lot Details

  • 5,009

Parking

  • Assigned Parking

Home Design

  • Wood Composite

Interior Spaces

  • 2-Story Property
  • Storage
  • Wood Flooring
  • Crawl Space

Kitchen

  • Dishwasher
  • Disposal

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,426

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2595
  • Stories: 2
  • Year Built: 1971
  • Property Condition: Approximately
  • Remarks Public: This centrally located asset is made up of 3 fully renovated, 2 beds, 1 bath units of 865 SF. Near many popular east side amenities and with excellent access to transportation, this property has an overall walk score of 94 and a perfect bike score of 100. Some of the many property features include a new roof, extra storage, SS appliances, hardwood floors, washer dryer hook ups, back patios, onsite parking and additional rental upside.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: KEYSTONE ADD, BLOCK 2, N 1/2 OF LOT 9&10
  • Basement: Crawl Space
  • Storage: Individual Storage Units

Exterior Features

  • Exterior Description: Wood Composite
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Parking Description: Assigned

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard

Condo/Co-op/Association

  • Unit Features: Dishwasher, Disposal, Hardwood Floors, Storage

Schools

  • Elementary School: Buckman
  • Middle School: Hosford
  • High School: Cleveland

Lot Info

  • Lot Description: Level
  • Zoning: R2.5

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 6820.01
  • Assessor Parcel Number: R197311

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 16.56

MLS Schools

  • Elementary School: Buckman
  • High School: Cleveland
  • Middle School: Hosford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2017
Closed on
Nov 8, 2017
Sold by
Rupert Enterprises Three Llc
Bought by
Midtown Gardens Llc
Seller's Agent
Liza Fong
Windermere Community Realty
Buyer's Agent
Nash Barinaga
Soldera Properties, Inc
List Price
$950,000
Sold Price
$910,000
Premium/Discount to List
-$40,000
-4.21%
Total Days on Market
31
Current Estimated Value
$1,031,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,272
Avg. Annual Appreciation
1.65%
Original Mortgage
$200,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 14, 2015
Closed on
Aug 5, 2015
Sold by
Ericson Craig H
Bought by
Rupert Enterprises Three Llc
Seller's Agent
Maureen Swan
Portland Proper Real Estate
Buyer's Agent
Kadee Norstedt
Inhabit Real Estate
List Price
$950,000
Sold Price
$897,000
Premium/Discount to List
-$53,000
-5.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.62%

Purchase Details

Listed on
Apr 14, 2015
Closed on
Jul 14, 2015
Sold by
Persephone Apartments Llc
Bought by
Ericson Craig H and Craig H Ericson Revocable Living Trust
Seller's Agent
Maureen Swan
Portland Proper Real Estate
Buyer's Agent
Kadee Norstedt
Inhabit Real Estate
List Price
$950,000
Sold Price
$897,000
Premium/Discount to List
-$53,000
-5.58%

Purchase Details

Closed on
Aug 17, 2012
Sold by
Orrick Joint Venture Lp
Bought by
Persephone Apartments Llc

Purchase Details

Listed on
Apr 20, 2012
Closed on
May 22, 2012
Sold by
Paulson Jane
Bought by
Orrick Joint Ventures
Seller's Agent
Tim Pitts
Proud Realty LLC
Buyer's Agent
Maureen Swan
Portland Proper Real Estate
List Price
$369,000
Sold Price
$388,000
Premium/Discount to List
$19,000
5.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.78%
Source: Public Records

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Range of Values:

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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
Midtown Gardens Llc $910,000 Wfg Title
Rupert Enterprises Three Llc -- None Available
Ericson Craig H $897,000 First American
Persephone Apartments Llc $388,000 None Available
Orrick Joint Ventures $388,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Midtown Gardens Llc $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2017 11/10/17 Sold $910,000 -4.2% $351 / Sq Ft
10/12/2017 10/12/17 Pending -- -- --
09/11/2017 09/11/17 For Sale $950,000 +5.9% $366 / Sq Ft
07/15/2015 07/15/15 Sold $897,000 -5.6% $346 / Sq Ft
06/29/2015 06/29/15 Pending -- -- --
04/14/2015 04/14/15 For Sale $950,000 +144.8% $367 / Sq Ft
05/23/2012 05/23/12 Sold $388,000 +5.1% $150 / Sq Ft
05/06/2012 05/06/12 Pending -- -- --
04/20/2012 04/20/12 For Sale $369,000 -- $142 / 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 $9,426 $355,710 $0 $0
2022 $9,222 $345,350 $0 $0
2021 $9,066 $335,300 $0 $0
2020 $8,317 $325,540 $0 $0
2019 $8,011 $316,060 $0 $0
2018 $7,775 $306,860 $0 $0
2017 $7,452 $297,930 $0 $0
2016 $6,820 $289,260 $0 $0
2015 $6,641 $280,840 $0 $0
2014 $5,301 $220,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 17325920

Regional Multiple Listing Service (RMLS)

APN: R197311