NOT LISTED FOR SALE

12502 SE Shell Ln Milwaukie, OR 97222

Lake Road Neighborhood

Estimated Value: $680,000 - $838,000

2 Beds
1 Bath
3,224 Sq Ft
$239/Sq Ft Est. Value

Last Sold June 17, 2024

Last sale price $847,000 $263 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $4,690/month

1 Day on Market

Highlights

  • Territorial View
  • Level Lot
  • 1-Story Property
  • No HOA
  • Heating System Mounted To A Wall or Window

About This Home

As of June 2024

Wonderful Investment Opportunity in Quiet Milwaukie Location! Remodeled 4-plex on a dead-end street next to Rowe Middle School. Easy access to HWY 224 & all that Downtown Milwaukie has to offer plus the MAX line. 2 separate 1 level buildings! Each unit features 2 bedrooms. Recent updates include new electrical panels, siding, & roofs. Carport parking for each unit. Solid rental history w/some long-term tenants. HES = 6. Great rental property in CLACKAMAS COUNTY!!

Last Agent to Sell the Property

Jon Sanford

Berkshire Hathaway HomeServices NW Real Estate License #200604177 Listed on: 05/23/2024

Berkshire Hathaway HomeServices NW Real Estate

Last Buyer's Agent

Joe Kennedy

Windermere Realty Trust License #201222826

Windermere Realty Trust

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,025

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 0.27 Acre Lot
  • Level Lot

Home Design

  • Composition Roof
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,224 Sq Ft Home
  • 1-Story Property
  • Territorial Views
  • Crawl Space

Parking

  • 8 Parking Spaces
  • Carport
  • Paved Parking

Schools

  • Milwaukie Elementary School
  • Rowe Middle School
  • Milwaukie High School

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number 00034634

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Lake Road Subdivision

Building Details

  • Operating Expense $10,000
  • Gross Income $62,400
  • Net Operating Income $50,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,025

Year Built

Built in 1964 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1964
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: Carport, Paved
  • Attached Garage: No
  • Total Parking Spaces: 8.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Milwaukie
  • High School: Milwaukie
  • Middle Or Junior School: Rowe

Lot Info

  • Zoning: MD
  • Lot Size Acres: 0.27
  • Lot Size Sq Ft: 11761.0
  • Parcel #: 00034634

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 7025.26

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 14.02
  • Annual Gross Income: 62400.0
  • Property Net Operating Income: 50000.0
  • Annual Operating Expense: 10000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2025
Sold by
Kottler Linda
Bought by
Portland Condo Llc
Current Estimated Value
$770,972

Purchase Details

Listed on
May 23, 2024
Closed on
Jun 17, 2024
Sold by
Seaman Charles P and Seaman Peggy E
Bought by
Kottler Linda
Seller's Agent
Jon Sanford
Berkshire Hathaway HomeServices NW Real Estate
Buyer's Agent
Joe Kennedy
Windermere Realty Trust
List Price
$875,000
Sold Price
$847,000
Premium/Discount to List
-$28,000
-3.2%
Views
94

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.88%

Purchase Details

Closed on
Aug 28, 2008
Sold by
Seaman Charles P and Seaman Mark H
Bought by
Seaman Charles P and Seaman Peggy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.27%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Portland Condo Llc -- None Listed On Document
Portland Condo Llc -- None Listed On Document
Kottler Linda $847,000 Wfg Title
Seaman Charles P -- Lawyers Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Seaman Charles P $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2024 06/17/24 Sold $847,000 -3.2% $263 / Sq Ft
05/25/2024 05/25/24 Pending -- -- --
05/23/2024 05/23/24 For Sale $875,000 -- $271 / 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 $7,228 $330,203 -- --
2023 $7,228 $320,586 $0 $0
2022 $6,674 $311,249 $0 $0
2021 $6,441 $302,184 $0 $0
2020 $6,241 $293,383 $0 $0
2019 $6,147 $284,838 $0 $0
2018 $5,466 $276,542 $0 $0
2017 $5,310 $268,487 $0 $0
2016 $5,132 $260,667 $0 $0
2015 $4,887 $253,075 $0 $0
2014 $4,635 $245,704 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jon Sanford

    Seller's Agent in 2024

    Jon Sanford

    BHHS Oregon- Northwest

    (503) 927-4470

    2 in this area

    72 Total Sales

    Jon Sanford
    Section Image
  • Joe Kennedy

    Buyer's Agent in 2024

    Joe Kennedy

    Windermere Realty Trust

    (503) 704-4898

    1 in this area

    51 Total Sales

    Joe Kennedy
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24414035

Regional Multiple Listing Service (RMLS)

APN: 00034634

Oregon Clackamas County Milwaukie 97222 Lake Road

12502 SE Shell Ln, Milwaukie, OR

This home is located at 12502 SE Shell Ln, Milwaukie, OR 97222 since 23 May 2024 and is currently estimated at $770,972, approximately $239 per square foot. This property was built in 1964. 12502 SE Shell Ln is a home located in Clackamas County with nearby schools including Milwaukie Elementary School, Rowe Middle School, and Milwaukie High School.

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