NOT LISTED FOR SALE

12929 NE Prescott Dr Portland, OR 97230

Argay Neighborhood

Estimated Value: $434,000 - $485,000

3 Beds
3 Baths
1,858 Sq Ft
$245/Sq Ft Est. Value

Last Sold March 04, 2022

Last sale price $460,000 $248 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,956/month

3 Days on Market

Highlights

  • Deck
  • Detached Garage
  • Parking Storage or Cabinetry
  • Wood Flooring
  • Fireplace
  • Washer and Dryer

About This Home

As of March 2022

What a great owner occupied rental ready for you to house hack. The lower unit is rented for the last 3 years, the upper unit is vacant and move in ready. This amazing investment property is near food carts, the freeway and much more. If you are looking for an opportunity to own and invest at the same time. Wait no more, come and see this amazing townhome style duplex in NE Portland. Future Cap rate of 6.79% with renting out upper unit at $1800 a month. Unit 2 rent $1125-5/1/22

Last Agent to Sell the Property

Don Clemons

JMG - Jason Mitchell Group License #201224779 Listed on: 01/24/2022

Co-Listed By

Leialoha Kekahuna

Real Broker License #201229243

Last Buyer's Agent

Jamie McWilliams

Opt License #200603370

Opt

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,763

Year Built

  • Built in 1997 | Remodeled

Lot Details

  • 2,744

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Fireplace
  • Wood Flooring
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Range
  • Dishwasher

Parking

  • Detached Garage
  • Parking Storage or Cabinetry

Utilities

  • Gas Water Heater
  • High Speed Internet

Additional Features

  • Deck
  • Level Lot

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,763

Year Built

Built in 1997 | Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1858
  • Stories: 3
  • Year Built: 1997
  • Property Condition: Updated/Remodeled
  • Remarks Public: What a great owner occupied rental ready for you to house hack. The lower unit is rented for the last 3 years, the upper unit is vacant and move in ready. This amazing investment property is near food carts, the freeway and much more. If you are looking for an opportunity to own and invest at the same time. Wait no more, come and see this amazing townhome style duplex in NE Portland. Future Cap rate of 6.79% with renting out upper unit at $1800 a month. Unit 2 rent $1125-5/1/22
  • Unreinforced Masonry Building: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: PRESCOTT PLACE, LOT 11
  • Basement: Crawl Space
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 0-2,999SF
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Detached, Garage

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity, Gas
  • Sewer: Public Sewer
  • Water Description: Public Water
  • Heating Description: Zoned
  • Internet Service Type: Cable

Condo/Co-op/Association

  • Unit Features: Deck, Dishwasher, Fireplace, Hardwood Floors, Range, Refrigerator, Washer/Dryer

Schools

  • Elementary School: Shaver
  • Middle School: Parkrose
  • High School: Parkrose

Lot Info

  • Lot Description: Level
  • Zoning: CM1

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Amount: 4594.00
  • Assessor Parcel Number: R249742
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 35.63

MLS Schools

  • Elementary School: Shaver
  • High School: Parkrose
  • Middle School: Parkrose

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2022
Closed on
Feb 25, 2022
Sold by
Sean Ade
Bought by
Causey Rachel
Seller's Agent
Don Clemons
JMG - Jason Mitchell Group
Buyer's Agent
Jamie McWilliams
Opt
List Price
$449,000
Sold Price
$460,000
Premium/Discount to List
$11,000
2.45%
Current Estimated Value
$455,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,723
Avg. Annual Appreciation
-0.19%
Original Mortgage
$368,000
Outstanding Balance
$343,563
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$113,312

Purchase Details

Listed on
Nov 29, 2018
Closed on
Dec 21, 2018
Sold by
Johnston Marcia R and Johnston Ray C
Bought by
Ade Sean
Seller's Agent
Colleen Glaab
Portland's Alternative Inc., Realtors
Buyer's Agent
Neal Collins
eXp Realty, LLC
List Price
$315,000
Sold Price
$301,875
Premium/Discount to List
-$13,125
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.16%
Original Mortgage
$296,406
Interest Rate
4.9%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 17, 2018
Closed on
Feb 24, 2018
Sold by
Chen Hai Feng
Bought by
Johnston Marcia R and Johnston Ray C
Seller's Agent
Robyn Jones
Jones Group Realtors, LLC
Buyer's Agent
Colleen Glaab
Portland's Alternative Inc., Realtors
List Price
$274,900
Sold Price
$297,000
Premium/Discount to List
$22,100
8.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.96%
Original Mortgage
$222,750
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2014
Sold by
Chen Hai Feng
Bought by
Chen Hai Feng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,500
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2014
Sold by
Chen Hai Feng
Bought by
Chen Hai Feng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,500
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2005
Sold by
Adams Samuel D
Bought by
Chen Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
5.51%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 16, 2002
Sold by
Richey Rashid S
Bought by
Adams Samuel D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,373
Interest Rate
6.05%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 4, 2001
Sold by
Matz Gregg F
Bought by
Richey Rashid S and Richey Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,051
Interest Rate
6.39%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 29, 1998
Sold by
Hanney Edwin M and Hanney Janet L
Bought by
Matz Gregg F and Matz Penny J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,800
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 2, 1997
Sold by
Camry Development
Bought by
Hanney Edwin M and Hanney Janet L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,500
Interest Rate
7.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 20, 1996
Sold by
Northstar Development Corp
Bought by
Camry Development

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
10.25%
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
Causey Rachel $460,000 None Listed On Document
Ade Sean $301,875 First American Title
Johnston Marcia R $297,000 First American Title
Chen Hai Feng -- None Available
Chen Hai Feng -- Performance Title Inc
Chen Jason $210,000 Fidelity Natl Title Co Of Or
Adams Samuel D $170,000 First American
Richey Rashid S $158,500 Pacific Nw Title
Matz Gregg F $166,000 Pacific Nw Title
Hanney Edwin M -- --
Camry Development $70,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Causey Rachel $368,000
Previous Owner Ade Sean $292,188
Previous Owner Ade Sean $298,169
Previous Owner Ade Sean $296,406
Previous Owner Johnston Marcia R $222,750
Previous Owner Chen Hai Feng $128,500
Previous Owner Chen Hai F $45,000
Previous Owner Chen Jason $147,000
Previous Owner Adams Samuel D $167,373
Previous Owner Richey Rashid S $156,051
Previous Owner Matz Gregg F $132,800
Previous Owner Hanney Edwin M $141,500
Previous Owner Camry Development $288,000
Closed Adams Samuel D $6,694
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2022 03/04/22 Sold $460,000 +2.4% $248 / Sq Ft
01/27/2022 01/27/22 Pending -- -- --
01/24/2022 01/24/22 For Sale $449,000 +48.7% $242 / Sq Ft
12/31/2018 12/31/18 Sold $301,875 -4.2% $162 / Sq Ft
12/03/2018 12/03/18 Pending -- -- --
11/29/2018 11/29/18 For Sale $315,000 +6.1% $170 / Sq Ft
02/28/2018 02/28/18 Sold $297,000 +8.0% $132 / Sq Ft
01/25/2018 01/25/18 Pending -- -- --
01/17/2018 01/17/18 For Sale $274,900 -- $122 / 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 $5,763 $254,870 -- --
2023 $5,486 $247,450 $0 $0
2022 $5,200 $240,250 $0 $0
2021 $5,013 $233,260 $0 $0
2020 $4,594 $226,470 $0 $0
2019 $4,435 $219,880 $0 $0
2018 $4,280 $213,480 $0 $0
2017 $3,805 $207,270 $0 $0
2016 $3,518 $201,240 $0 $0
2015 $3,144 $190,310 $0 $0
2014 $3,032 $183,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Don Clemons

    Seller's Agent in 2022

    Don Clemons

    JMG - Jason Mitchell Group

    (971) 533-2212

    1 in this area

    144 Total Sales

    Don Clemons
    Section Image
  • Leialoha Kekahuna

    Seller Co-Listing Agent in 2022

    Leialoha Kekahuna

    Real Broker

    (503) 997-1081

    1 in this area

    13 Total Sales

    Leialoha Kekahuna
    Section Image
  • Jamie McWilliams

    Buyer's Agent in 2022

    Jamie McWilliams

    Opt

    (503) 309-6901

    1 in this area

    87 Total Sales

    Jamie McWilliams
    Section Image
  • Robyn Jones

    Seller's Agent in 2018

    Robyn Jones

    Jones Group Realtors, LLC

    (503) 407-2829

    1 in this area

    96 Total Sales

    Robyn Jones
    Section Image
  • Colleen Glaab

    Seller's Agent in 2018

    Colleen Glaab

    Portland's Alternative Inc., Realtors

    (503) 970-8178

    62 Total Sales

    Colleen Glaab
    Section Image

  • N

    Buyer's Agent in 2018

    Neal Collins

    eXp Realty, LLC

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22256057

Regional Multiple Listing Service (RMLS)

APN: R249742

Oregon Multnomah County Portland 97230 Argay

12929 NE Prescott Dr, Portland, OR

This home is located at 12929 NE Prescott Dr, Portland, OR 97230 since 24 January 2022 and is currently estimated at $455,277, approximately $245 per square foot. This property was built in 1997. 12929 NE Prescott Dr is a home located in Multnomah County with nearby schools including Shaver Elementary School, Parkrose Middle School, and Parkrose High School.

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.

Regional Multiple Listing Service (RMLS) 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 © 2025 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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