Rich Burns
RE/MAX Equity Group
(360) 803-4382
67 Total Sales
1 in Lake Road
$602,000 Price
12502 SE Shell Ln Milwaukie, OR 97222
Lake Road NeighborhoodEstimated Value: $771,071
2
Beds
1
Bath
3,224
Sq Ft
$239/Sq Ft
Est. Value
Highlights
- Territorial View
- Level Lot
- 1-Story Property
- No HOA
- Heating System Mounted To A Wall or Window
About This Home
As of June 2024Wonderful 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
Berkshire Hathaway HomeServices NW Real Estate License #200604177 Listed on: 05/23/2024
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,025
Year Built
- Built in 1964 | Remodeled
Lot Details
- 11,761 Sq Ft 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 2, 2025
Sold by
Bought by
Current Estimated Value
Purchase Details
Listed on
May 23, 2024
Closed on
Jun 17, 2024
Sold by
Bought by
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
-4.31%
Purchase Details
Closed on
Aug 28, 2008
Sold by
Bought by
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lake Road, OR
-
Rich Burns
-
DONNA JO MERRIFIELD
DONNA JO MERRIFIELD
EPIQUE REALTY
(541) 981-6277
48 Total Sales
1 in Lake Road
$590,000 Price
-
Jason Kennedy
Jason Kennedy
Responds QuicklyRE/MAX Equity Group
(503) 749-9232
179 Total Sales
1 in Lake Road
$555,000 Price
-
Jenny Morrow
Jenny Morrow
COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.
(877) 526-0871
79 Total Sales
2 in Lake Road
$425,000 Price Range
-
Michael Bouldin
Michael Bouldin
Real Broker
(888) 625-4091
66 Total Sales
1 in Lake Road
$799,900 Price
-
Rebecca Hunt
Rebecca Hunt
Berkshire Hathaway HomeServices NW Real Estate
(877) 760-3665
31 Total Sales
1 in Lake Road
$590,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| $847,000 | Wfg Title | ||
| -- | Lawyers Title Ins |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $150,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $7,484 | $340,109 | ||
| 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
71 Total Sales
-
Joe Kennedy
Buyer's Agent in 2024
Joe Kennedy
Windermere Realty Trust
(503) 704-4898
1 in this area
50 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 24414035
APN: 00034634
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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