$685,000
SOLD SEP 25, 2024
-- Bed
-- Bath
2,174 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$315 Per Sq Ft

6% Below List Price

30 Days on Market

Highlights

  • View of Trees or Woods
  • 90% Forced Air Heating and Cooling System
  • 1 Car Garage

About This Home

As of September 2024

Appraiser: Seller did not contribute to BAC. Don't miss out on this incredible investment opportunity in Lair Hill with its great location, extensive renovations ($129,000 worth!) and proven rental history! New roof, new plumbing, new furnace/AC, new interior & exterior paint and so much more! The large windows throughout bring in the natural light and showcase the beautiful views of the surrounding trees, the aerial tram above and 4th of July fireworks! charger! Sit back and take in the beauty of the neighborhood while perched up high on the front porch or surround yourself with beautiful trees on the large private back deck. OHSU, South Waterfront, public transportation and neighborhood parks makes this a desirable place to live for a renter or homeowner. And the grocery/deli across the street is a convenient (and delicious) bonus! Lease out both units for rental income, or live in one while the other helps with your mortgage. The owners renovated and moved into the larger unit two years ago. Owner occupied=pride of ownership...and it shows!

Last Agent to Sell the Property

Phuong Hart

Corcoran Prime Brokerage Phone: 503-321-2000 License #970600144 Listed on: 07/24/2024

Last Buyer's Agent

Kendall Woodworth

Windermere Realty Trust License #910800125

Windermere Realty Trust

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,557

Year Built

  • Built in 1997 | Remodeled

Lot Details

  • 2,178 Sq Ft Lot

Parking

  • 1 Car Garage
  • On-Street Parking

Property Views

  • Woods
  • Seasonal

Home Design

  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,174 Sq Ft Home
  • 2-Story Property

Schools

  • Capitol Hill Elementary School
  • Jackson Middle School
  • Ida B Wells High School

Utilities

  • 90% Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R239175

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $9,320
  • Gross Income $17,020
  • Net Operating Income $7,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,557

Year Built

Built in 1997 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1997
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: Attached,IndividualStorageUnits
  • Lot Size Range: SqFt0Kto2999

Exterior Features

  • Exterior Description: WoodComposite
  • Lot Size: 0K to 2,999 SqFt
  • View: Yes
  • Lot Features: Seasonal
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Seasonal,TreesWoods

Garage/Parking

  • Parking Description: Garage, OnStreet
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Tank
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir90
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Capitol Hill
  • High School: Ida B Wells
  • Middle Or Junior School: Jackson

Lot Info

  • Zoning: CM2
  • Lot Size Acres: 0.05
  • Lot Size Sq Ft: 2178.0
  • Parcel #: R239175

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 8557.1

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 42.86
  • Annual Gross Income: 17020.0
  • Property Net Operating Income: 7700.0
  • Annual Operating Expense: 9320.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2024
Closed on
Sep 6, 2024
Sold by
Shafer Adventure Trust and Shafer Teal Trust
Bought by
Vian Corey and Vian Toni Trujillo
Seller's Agent
Phuong Hart
Corcoran Prime
Buyer's Agent
Kendall Woodworth
Windermere Realty Trust
List Price
$729,500
Sold Price
$685,000
Premium/Discount to List
-$44,500
-6.1%
Views
18
Current Estimated Value
$719,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,744
Avg. Annual Appreciation
4.28%

Purchase Details

Closed on
Mar 30, 2021
Sold by
Shafer Mark H
Bought by
Shafer Adventure Trust and Shafer Teal Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2007
Sold by
Shafer Mark H
Bought by
Shafer Mark H

Purchase Details

Closed on
Mar 11, 1997
Sold by
Kehoe Company
Bought by
Shafer Mark H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,950
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 1996
Sold by
Kehoe Martin T
Bought by
Kehoe Company
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $685,000 Wfg Title
Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- Accommodation
Warranty Deed $249,950 First American Title Ins Co
Deed -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $145,265 New Conventional
Previous Owner $250,000 Credit Line Revolving
Previous Owner $112,000 New Conventional
Previous Owner $203,350 New Conventional
Previous Owner $38,859 Credit Line Revolving
Previous Owner $224,950 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2024 09/25/24 Sold $685,000 -6.1% $315 / Sq Ft
08/24/2024 08/24/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $729,500 -- $336 / 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 $8,899 $332,920 -- --
2023 $8,899 $323,230 $0 $0
2022 $8,372 $313,820 $0 $0
2021 $8,230 $304,680 $0 $0
2020 $7,550 $295,810 $0 $0
2019 $7,272 $287,200 $0 $0
2018 $7,058 $278,840 $0 $0
2017 $6,765 $270,720 $0 $0
2016 $6,191 $262,840 $0 $0
2015 $6,028 $255,190 $0 $0
2014 $5,750 $247,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24673489

Regional Multiple Listing Service (RMLS)

APN: R239175