NOT LISTED FOR SALE

Estimated Value: $674,000 - $839,000

5 Beds
3 Baths
2,220 Sq Ft
$348/Sq Ft Est. Value

Last Sold September 18, 2017

Last sale price $662,000 $298 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,836/month

28 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Storage
  • Duniway Elementary School Rated 9+
  • Views
  • Washer and Dryer

About This Home

As of September 2017

Excellent duplex in hard to beat location. Located in the heart of Sellwood and a short walk to restaurants, shops, etc. Fantastic investment opportunity that will not last long. Please do not disturb tenants or walk on property. Write all offers subject to interior inspection.

Last Agent to Sell the Property

Conor Finlay

CORE, Realtors License #201217057 Listed on: 06/13/2017

Co-Listed By

Chris Johnson

CORE, Realtors License #930700182

Last Buyer's Agent

Chris Merz

Keller Williams Realty Portland Premiere License #201221560

Keller Williams Realty Portland Premiere

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,159

Year Built

  • Built in 1963

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • Paved Parking
  • Open Parking

Home Design

  • Plywood Siding Panel T1-11

Interior Spaces

  • 1-Story Property
  • Storage
  • Washer and Dryer
  • Wood Flooring
  • Crawl Space
  • Property Views

Kitchen

  • Range
  • Dishwasher

Utilities

  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Rent includes trash collection, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,159

Year Built

Built in 1963

Lot Details

0

Parking

3

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2220
  • Stories: 1
  • Year Built: 1963
  • Property Condition: Existing
  • Remarks Public: Excellent duplex in hard to beat location. Located in the heart of Sellwood and a short walk to restaurants, shops, etc. Fantastic investment opportunity that will not last long. Please do not disturb tenants or walk on property. Write all offers subject to interior inspection.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: SELLWOOD, BLOCK 46, E 60' OF LOT 1&2
  • Basement: Crawl Space
  • Storage: Individual Storage Units

Exterior Features

  • Exterior Description: T-111 Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Shingle
  • View: City
  • View: Yes

Garage/Parking

  • Garage Or Parking Spaces: 3
  • Parking Description: Open, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Cooling Description: Wall Unit(s)
  • Heating Description: Zoned
  • Security: Sidewalk

Condo/Co-op/Association

  • Unit Features: Dishwasher, Range, Washer/Dryer, Wood Floors

Schools

  • Elementary School: Duniway
  • Middle School: Sellwood
  • High School: Cleveland

Lot Info

  • Lot Description: Corner Lot, Level
  • Zoning: R1

Rental Info

  • Rent Includes: Trash Collection, Sewer

Tax Info

  • Tax Amount: 5179.76
  • Assessor Parcel Number: R267138

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 16.55

MLS Schools

  • Elementary School: Duniway
  • High School: Cleveland
  • Middle School: Sellwood

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2017
Closed on
Aug 24, 2017
Sold by
Lancaster Jacob
Bought by
Merz Michael J
Seller's Agent
Conor Finlay
CORE, Realtors
Buyer's Agent
Chris Merz
Keller Williams Realty Portland Premiere
List Price
$695,000
Sold Price
$662,000
Premium/Discount to List
-$33,000
-4.75%
Current Estimated Value
$774,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,207
Avg. Annual Appreciation
4.09%
Original Mortgage
$496,875
Outstanding Balance
$425,005
Interest Rate
3.93%
Mortgage Type
New Conventional
Estimated Equity
$484,242

Purchase Details

Closed on
Apr 26, 2006
Sold by
Loch John H
Bought by
Lancaster Jacob

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
7.25%
Mortgage Type
Fannie Mae Freddie Mac
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
Merz Michael J $662,500 Wfg Title
Lancaster Jacob $350,000 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merz Michael J $496,875
Previous Owner Lancaster Jacob $360,780
Previous Owner Lancaster Jacob $72,950
Previous Owner Lancaster Jacob $350,000
Previous Owner Lancaster Jacob $280,000
Previous Owner Lancaster Jacob $52,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2017 09/18/17 Sold $662,000 -4.7% $298 / Sq Ft
07/11/2017 07/11/17 Pending -- -- --
06/13/2017 06/13/17 For Sale $695,000 -- $313 / 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 $7,159 $270,150 $0 $0
2022 $7,004 $262,290 $0 $0
2021 $6,885 $254,660 $0 $0
2020 $6,317 $247,250 $0 $0
2019 $6,084 $240,050 $0 $0
2018 $5,905 $233,060 $0 $0
2017 $5,660 $226,280 $0 $0
2016 $5,180 $219,690 $0 $0
2015 $5,044 $213,300 $0 $0
2014 $4,968 $207,090 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 17272005

Regional Multiple Listing Service (RMLS)

APN: R267138