$378,725
SOLD DEC 12, 2022

12847 SE Foster Rd Unit 12851 Portland, OR 97236

Powellhurst-Gilbert Neighborhood
-- Bed
-- Bath
1,922 Sq Ft
9,017 Sq Ft Lot

Recently Sold

$197 Per Sq Ft

2% Below List Price

13 Days on Market

Highlights

  • Private Lot
  • Forced Air Heating System
  • 1-Story Property
  • Window Unit Cooling System
  • Lap Siding

About This Home

As of December 2023

Turn-Key Duplex on a quiet private driveway off SE Foster. NOT ON A BUSY STREET! Highly desirable LARGE Two Bedroom units with nice private yards. Upgrades include NEW ROOF 2021, New Flooring, remodeled bath & pro-landscaped. Desirable side yards and in-unit washer/dryer hookups. Plenty of private off-street parking. Excellent rental history. Perfect for investors looking for easy investment rental. Call your agent for more details.

Last Agent to Sell the Property

Jerry Wallach

Wise Move Real Estate License #200606229 Listed on: 10/26/2022

Last Buyer's Agent

Michael Candianides

Michael J Candianides Real Estate License #200010125

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,393

Year Built

  • Built in 1981

Lot Details

  • Private Lot
  • Level Lot

Parking

  • 4 Car Garage
  • Assigned Parking

Home Design

  • Composition Roof
  • Lap Siding
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,922 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Security Lights

Schools

  • Gilbert Park Elementary School
  • Alice Ott Middle School
  • David Douglas High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R201378

Community Details

Overview

  • 2 Units
  • Property managed by NVM Management

Building Details

  • Operating Expense $10,249
  • Gross Income $28,968
  • Net Operating Income $19,719

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,393

Year Built

Built in 1981

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1981
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: LapSiding,T111Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, Private
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned, Paved
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Security: SecurityLights
  • Cooling: WindowUnit
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: NVM Management

Schools

  • Elementary School: Gilbert Park
  • High School: David Douglas
  • Middle Or Junior School: Alice Ott

Lot Info

  • Zoning: Duplex
  • Parcel #: R201378

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 4393.47

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.29
  • Annual Gross Income: 28968.0
  • Property Net Operating Income: 19719.0
  • Annual Operating Expense: 10249.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2023
Closed on
Dec 1, 2023
Sold by
Trumbo Karin L and Hoff James M
Bought by
Karin L Trumbo And James M Hoff Living Trust and Trumbo
Seller's Agent
Michael Candianides
Michael J Candianides Real Estate
Buyer's Agent
Kelly Estrella
Tree City Real Estate
List Price
$399,900
Sold Price
$392,900
Premium/Discount to List
-$7,000
-1.75%
Views
5
Current Estimated Value
$431,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,864
Avg. Annual Appreciation
6.96%
Original Mortgage
$40,000
Outstanding Balance
$39,527
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$400,418

Purchase Details

Listed on
Oct 31, 2023
Closed on
Nov 30, 2023
Sold by
Alzubaidi Mohammed and Alkhayyat Mayasah
Bought by
Cervantes Abundio Lazaro
Seller's Agent
Michael Candianides
Michael J Candianides Real Estate
Buyer's Agent
Kelly Estrella
Tree City Real Estate
List Price
$399,900
Sold Price
$392,900
Premium/Discount to List
-$7,000
-1.75%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Outstanding Balance
$39,527
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$400,418

Purchase Details

Listed on
Oct 31, 2023
Closed on
Nov 29, 2023
Sold by
Caasi Joji B and Caasi Elpidio C
Bought by
Caasi Revocable Living Trust and Caasi
Seller's Agent
Michael Candianides
Michael J Candianides Real Estate
Buyer's Agent
Kelly Estrella
Tree City Real Estate
List Price
$399,900
Sold Price
$392,900
Premium/Discount to List
-$7,000
-1.75%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Outstanding Balance
$39,527
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$400,418

Purchase Details

Listed on
Oct 31, 2023
Closed on
Nov 17, 2023
Sold by
Rothman Larry C
Bought by
Larry C Rothman Revocable Trust and Rothman
Seller's Agent
Michael Candianides
Michael J Candianides Real Estate
Buyer's Agent
Kelly Estrella
Tree City Real Estate
List Price
$399,900
Sold Price
$392,900
Premium/Discount to List
-$7,000
-1.75%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Outstanding Balance
$39,527
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$400,418

Purchase Details

Listed on
Oct 31, 2023
Closed on
Oct 19, 2023
Sold by
Garcia Marisol Gutierrez and Gutierrez Pedro Ivan
Bought by
Garcia Marisol Gutierrez and Otto Maria Dolores
Seller's Agent
Michael Candianides
Michael J Candianides Real Estate
Buyer's Agent
Kelly Estrella
Tree City Real Estate
List Price
$399,900
Sold Price
$392,900
Premium/Discount to List
-$7,000
-1.75%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Outstanding Balance
$39,527
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$400,418

Purchase Details

Listed on
Oct 26, 2022
Closed on
Dec 12, 2022
Sold by
Deemak Llc
Bought by
Alzubaidi Mohammed and Alkhayyat Mayasah
Seller's Agent
Jerry Wallach
Wise Move Real Estate
Buyer's Agent
Michael Candianides
Michael J Candianides Real Estate
List Price
$385,000
Sold Price
$378,725
Premium/Discount to List
-$6,275
-1.63%
Views
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
3.82%
Original Mortgage
$248,725
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2014
Sold by
Miller Andrew H and Miller Cynthia K
Bought by
Deemak Llc

Purchase Details

Closed on
Nov 6, 2009
Sold by
Fackler Vivian O
Bought by
Miller Andrew H and Kramer Cynthia K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2007
Sold by
Fackler Scott D
Bought by
Fackler Vivian O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 26, 1996
Sold by
Paynter Romana M
Bought by
Cramer William A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Bargain Sale Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed $392,900 Wfg Title
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Bargain Sale Deed -- None Listed On Document
Warranty Deed $378,725 Wfg Title
Special Warranty Deed -- None Available
Warranty Deed $178,600 Fidelity Natl Title Co Of Or
Bargain Sale Deed -- Ticor Title Insurance Compan
Interfamily Deed Transfer -- Ticor Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $40,000 New Conventional
Open $217,900 New Conventional
Previous Owner $25,000 New Conventional
Previous Owner $50,000 New Conventional
Previous Owner $248,725 New Conventional
Previous Owner $125,000 New Conventional
Previous Owner $120,000 Purchase Money Mortgage
Previous Owner $91,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2023 12/04/23 Sold $392,900 -1.8% $204 / Sq Ft
11/02/2023 11/02/23 Pending -- -- --
10/31/2023 10/31/23 For Sale $399,900 +5.6% $208 / Sq Ft
12/12/2022 12/12/22 Sold $378,725 -1.6% $197 / Sq Ft
11/09/2022 11/09/22 Pending -- -- --
10/26/2022 10/26/22 For Sale $385,000 -- $200 / 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 $4,712 $200,480 $0 $0
2022 $4,467 $194,650 $0 $0
2021 $4,393 $188,990 $0 $0
2020 $3,980 $183,490 $0 $0
2019 $3,853 $178,150 $0 $0
2018 $3,735 $172,970 $0 $0
2017 $3,597 $167,940 $0 $0
2016 $3,480 $163,050 $0 $0
2015 $3,149 $158,310 $0 $0
2014 $2,915 $153,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22317618

Regional Multiple Listing Service (RMLS)

APN: R201378