M
Seller's Agent in 2024
Manny Obi
Kelly Right Real Estate of Portland, LLC
(503) 449-8334
52 Total Sales
1345 S Ivy St Cornelius, OR 97113
Estimated Value: $759,764 - $984,000
8
Beds
4
Baths
3,328
Sq Ft
$248/Sq Ft
Est. Value
Highlights
- Waterfront
- Landscaped
- Baseboard Heating
About This Home
As of March 2024Excellent investment opportunity with a nice cap rate on quite street, this fourplex features a carport for each unit,: Great investment opportunity, rare one 3 bed, 1.5 bath unit with three 2/1's with W/D hookups, nice common space and front yard and plenty of street parking. Solid tenancy over the years. Bring your offer and pre-approval or proof of funds. No sign on Property, please do not disturb tenants.
Last Agent to Sell the Property
Kelly Right Real Estate of Portland, LLC License #201231015 Listed on: 01/22/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,178
Year Built
- Built in 1975
Lot Details
- 0.3 Acre Lot
- Waterfront
- Landscaped
Home Design
- Composition Roof
- Stucco Exterior
- Concrete Perimeter Foundation
Interior Spaces
- 3,328 Sq Ft Home
- 2-Story Property
- Crawl Space
Parking
- Carport
- Assigned Parking
Schools
- Echo Shaw Elementary School
- Neil Armstrong Middle School
- Forest Grove High School
Utilities
- No Cooling
- Baseboard Heating
- Electric Water Heater
Listing and Financial Details
- Rent includes sewer, water
- Assessor Parcel Number R412654
Community Details
Building Details
- Operating Expense $8,521
- Gross Income $62,772
- Net Operating Income $54,251
Additional Features
- 4 Units
- Common Area
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 22, 2024
Closed on
Mar 4, 2024
Sold by
Obi Manasseh
Bought by
Marquez America
Seller's Agent
Manny Obi
Kelly Right Real Estate of Portland, LLC
Buyer's Agent
Ivette Flores Schmidt
Premiere Property Group, LLC
List Price
$749,950
Sold Price
$730,000
Premium/Discount to List
-$19,950
-2.66%
Views
11
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,941
Avg. Annual Appreciation
8.27%
Original Mortgage
$584,000
Outstanding Balance
$574,231
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$252,710
Purchase Details
Closed on
Oct 23, 2019
Sold by
Most Edge Llc
Bought by
Obi Manasseh
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,000
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 26, 2017
Sold by
Obi Manasseh
Bought by
Most Edge Llc
Purchase Details
Closed on
Jul 27, 2015
Sold by
Hsbc Bank Usa National Association
Bought by
Obi Manasseh
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
3.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 13, 2015
Sold by
Lee Maizoua V
Bought by
Hsbc Bank Usa National Association
Purchase Details
Closed on
Jul 28, 2006
Sold by
Purcell Michael P and Purcell Jackie A
Bought by
Lee Sao and Lee Maizoua Virginia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,400
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 27, 2005
Sold by
Docken Gerald D and Docken Luella L
Bought by
Purcell Michael P and Purcell Jackie A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,600
Interest Rate
5.92%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Dec 6, 1996
Sold by
Docken Gerald D
Bought by
Docken Gerald D and Docken Luella L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Marquez America | $730,000 | Lawyers Title | |
| Obi Manasseh | -- | Wfg Title | |
| Most Edge Llc | -- | None Available | |
| Obi Manasseh | $270,000 | Wfg Title | |
| Hsbc Bank Usa National Association | $331,000 | None Available | |
| Lee Sao | $364,900 | Fidelity Natl Title Co Of Or | |
| Purcell Michael P | $312,000 | Chicago Title Insurance Comp | |
| Docken Gerald D | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Marquez America | $584,000 | |
| Previous Owner | Obi Manasseh | $422,000 | |
| Previous Owner | Obi Manasseh | $202,500 | |
| Previous Owner | Lee Sao | $278,400 | |
| Previous Owner | Purcell Michael P | $249,600 | |
| Closed | Purcell Michael P | $30,888 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/05/2024 03/05/24 | Sold | $730,000 | -2.5% | $219 / Sq Ft |
| 01/30/2024 01/30/24 | Pending | -- | -- | -- |
| 01/29/2024 01/29/24 | Price Changed | $748,975 | -0.1% | $225 / Sq Ft |
| 01/22/2024 01/22/24 | For Sale | $749,950 | -- | $225 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $5,669 | $316,820 | -- | -- |
| 2024 | $5,178 | $307,600 | -- | -- |
| 2023 | $5,178 | $298,650 | $0 | $0 |
| 2022 | $4,587 | $298,650 | $0 | $0 |
| 2021 | $4,533 | $281,520 | $0 | $0 |
| 2020 | $4,516 | $273,330 | $0 | $0 |
| 2019 | $4,417 | $265,370 | $0 | $0 |
| 2018 | $4,282 | $257,650 | $0 | $0 |
| 2017 | $4,149 | $250,150 | $0 | $0 |
| 2016 | $4,032 | $242,870 | $0 | $0 |
| 2015 | $3,794 | $235,800 | $0 | $0 |
| 2014 | $3,663 | $228,940 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Manny Obi
-
Ivette Flores Schmidt
Buyer's Agent in 2024
Ivette Flores Schmidt
Premiere Property Group, LLC
(971) 255-7836
109 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 24556778
APN: R0412654
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 © 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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