NOT LISTED FOR SALE

1325 SE Nehalem St Portland, OR 97202

Sellwood Neighborhood

Estimated Value: $805,000 - $1,016,000

4 Beds
4 Baths
3,058 Sq Ft
$298/Sq Ft Est. Value

Last Sold October 02, 2017

Last sale price $725,000 $237 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,640/month

85 Days on Market

Highlights

  • Forced Air Heating System
  • Laundry Facilities
  • Wood Siding
  • Llewellyn Elementary School Rated A-
  • Level Lot

About This Home

As of October 2017

Classic Portland triplex in the heart of Sellwood! Amazing location, walkable to coffee, restaurants, bars & shops. Live in the larger unit & rent the other two! 2 ground units are 1 bed/1ba, 1 unit w/ 2bd/2ba. Rents have increased modestly for loyal tenants, high potential for additional rental income. Unit 1323 is leased to Apr 2018, 1325 to be vacant Sep 2017, and 1327 is M2M. Large lot with potential for garage or ADU.

Last Agent to Sell the Property

Linn Holdhusen

Keller Williams PDX Central License #201207312 Listed on: 05/18/2017

Keller Williams PDX Central

Last Buyer's Agent

Andrew Berlinberg

Keller Williams Realty Professionals License #200201085

Keller Williams Realty Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,102

Year Built

  • Built in 1908

Lot Details

  • Level Lot

Parking

  • 1 Car Garage

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,058 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House
  • Fire Escape

Schools

  • Llewellyn Elementary School
  • Sellwood Middle School
  • Cleveland High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number R267245

Community Details

Overview

  • 3 Units
  • Sellwood Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $11,813
  • Gross Income $38,280
  • Net Operating Income $26,467

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,102

Year Built

Built in 1908

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1908
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement
  • Storage: Basement
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: Level
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Paved
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Security: FireEscape
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Llewellyn
  • High School: Cleveland
  • Middle Or Junior School: Sellwood

Lot Info

  • Zoning: R2.5
  • Parcel #: R267245

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 20.87
  • Annual Gross Income: 38280.0
  • Property Net Operating Income: 26467.0
  • Annual Operating Expense: 11813.0

Tax Info

  • Tax Annual Amount: 5101.95

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2018
Sold by
Sekuler Eliot
Bought by
Sekuler Eliot and Sekuler Jain
Current Estimated Value
$910,432

Purchase Details

Listed on
May 18, 2017
Closed on
Sep 28, 2017
Sold by
Rogowski Gary S
Bought by
Sekuler Eliot and Sekuler Jain
Seller's Agent
Linn Holdhusen
Keller Williams PDX Central
Buyer's Agent
Andrew Berlinberg
Keller Williams Realty Professionals
List Price
$849,000
Sold Price
$725,000
Premium/Discount to List
-$124,000
-14.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.97%

Purchase Details

Closed on
Feb 8, 2005
Sold by
Burman Morissa Mcnie
Bought by
Rogowski Gary S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,200
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 1998
Sold by
Burman Morissa Mcnie
Bought by
Burman Morissa Mcnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,800
Interest Rate
7.16%

Purchase Details

Closed on
Aug 26, 1997
Sold by
Fritz Carla Jean
Bought by
Burman Morissa Mcnie

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
11.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 1997
Sold by
Noelle Dan
Bought by
Fritz Carla Jean

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
11.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 1996
Sold by
Burman Morissa Mcnie
Bought by
Burman Morissa Mcnie and Mcnie Ii Robert Kendall

Purchase Details

Closed on
Dec 21, 1995
Sold by
Mcnie Davideen
Bought by
Mcnie Davideen
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
Sekuler Eliot -- None Available
Sekuler Eliot $725,000 Lawyers Title
Rogowski Gary S $309,000 Chicago Title Insurance Comp
Burman Morissa Mcnie -- Oregon Title Insurance Co
Burman Morissa Mcnie $83,999 Oregon Title Insurance Co
Fritz Carla Jean -- --
Burman Morissa Mcnie -- --
Mcnie Davideen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rogowski Gary S $228,000
Previous Owner Rogowski Gary S $247,200
Previous Owner Burman Morissa Mcnie $127,800
Previous Owner Burman Morissa Mcnie $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2017 10/02/17 Sold $725,000 -14.6% $237 / Sq Ft
08/11/2017 08/11/17 Pending -- -- --
05/18/2017 05/18/17 For Sale $849,000 -- $278 / 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 $7,333 $266,100 $0 $0
2022 $6,899 $258,350 $0 $0
2021 $6,782 $250,830 $0 $0
2020 $6,221 $243,530 $0 $0
2019 $5,993 $236,440 $0 $0
2018 $5,817 $229,560 $0 $0
2017 $5,575 $222,880 $0 $0
2016 $5,102 $216,390 $0 $0
2015 $4,968 $210,090 $0 $0
2014 $4,893 $203,980 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Linn Holdhusen

    Seller's Agent in 2017

    Linn Holdhusen

    Keller Williams PDX Central

    (503) 754-1395

    1 in this area

    120 Total Sales

    Linn Holdhusen
    Section Image
  • Andrew Berlinberg

    Buyer's Agent in 2017

    Andrew Berlinberg

    Keller Williams Realty Professionals

    (503) 780-5625

    3 in this area

    232 Total Sales

    Andrew Berlinberg
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 17311791

Regional Multiple Listing Service (RMLS)

APN: R267245

Oregon Multnomah County Portland 97202 Sellwood

1325 SE Nehalem St, Portland, OR

This home is located at 1325 SE Nehalem St, Portland, OR 97202 since 18 May 2017 and is currently estimated at $910,432, approximately $297 per square foot. This property was built in 1908. 1325 SE Nehalem St is a home located in Multnomah County with nearby schools including Llewellyn Elementary School, Sellwood Middle School, and Cleveland High School.

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