NOT LISTED FOR SALE

14198 SE Summerfield Loop Happy Valley, OR 97086

Sunnyside Neighborhood

Estimated Value: $450,000 - $504,000

3 Beds
3 Baths
13,500 Sq Ft
$35/Sq Ft Est. Value

Last Sold June 16, 2023

Last sale price $3,252,400 $241 Per Sq Ft

Current estimated payment $2,932/month

Highlights

  • Bluff on Lot
  • Valley View
  • Community Basketball Court
  • Happy Valley Middle School Rated A-
  • Corner Lot
  • Storage

About This Home

As of June 2023

Unique opportunity to own 12 homes built as six duplexes for rent. Each unit contains 1125 sq. ft, 3 bedrooms, 2.5 baths. Built in 1997 and located Happy Valley, Oregon. Situated across from landscaped park, these homes are in high demand. Current 2023 rent roll = $22,490/mo. = 5.5 cap. Private fenced back yards. Direct access to I-205 and Clackamas Town Center and Kaiser Hospital.

Last Agent to Sell the Property

Bret Bocci

Suntree Inc., Realtors License #201231389 Listed on: 03/07/2023

Co-Listed By

Robert Bocci

Suntree Inc., Realtors License #780403408

Last Buyer's Agent

Chris Shepard

Uptown Properties, LLC License #201012092

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $43,773

Year Built

  • Built in 1997

Lot Details

  • Bluff on Lot
  • Corner Lot
  • Gentle Sloping Lot
  • Landscaped with Trees

Parking

  • 2 Car Garage
  • Off-Site Parking

Property Views

  • Valley
  • Park or Greenbelt

Home Design

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

Interior Spaces

  • 13,500 Sq Ft Home
  • 2-Story Property
  • Storage
  • Crawl Space

Schools

  • Spring Mountain Elementary School
  • Happy Valley Middle School
  • Clackamas High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 01740076

Community Details

Overview

  • 12 Units

Recreation

  • Community Basketball Court
  • Recreation Facilities

Building Details

  • Operating Expense $75,270
  • Gross Income $233,809
  • Net Operating Income $158,539

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$43,773

Year Built

Built in 1997

Lot Details

0

Parking

2

Listing Details

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

Interior Features

  • Basement: CrawlSpace
  • Storage: Attached
  • Lot Size Range: Acres1to3

Exterior Features

  • Exterior Description: ManMade,T111Siding
  • Lot Size: 1 to 2.99 Acres
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Bluff, CornerLot, GentleSloping, Trees
  • Road Surface Type: Concrete, Paved
  • Disclosures: Exempt
  • Roof: Composition
  • View: ParkGreenbelt,Valley

Garage/Parking

  • Parking Description: Garage, OffSite
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity,Tank
  • Internet Service Type: Cable
  • Security: Unknown
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: BasketballCourt, RecreationFacilities

Schools

  • Elementary School: Spring Mountain
  • High School: Clackamas
  • Middle Or Junior School: Happy Valley

Lot Info

  • Zoning: VR57
  • Parcel #: 01740076

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 43772.9

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 12
  • Gross Rent Multiplier: 14.95
  • Annual Gross Income: 233809.0
  • Property Net Operating Income: 158539.0
  • Annual Operating Expense: 75270.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2023
Closed on
Jun 15, 2023
Sold by
Wilke Investment Corp
Bought by
Summerfield Loop Duplexes Llc and Cloudrest Enterprises Llc
Seller's Agent
Bret Bocci
Suntree Inc., Realtors
Buyer's Agent
Chris Shepard
Uptown Properties, LLC
List Price
$3,495,000
Sold Price
$3,252,400
Premium/Discount to List
-$242,600
-6.94%
Views
25
Current Estimated Value
$470,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,781,708
Avg. Annual Appreciation
-60.83%
Original Mortgage
$1,962,000
Outstanding Balance
$1,864,583
Interest Rate
6.1%
Estimated Equity
-$1,401,702

Purchase Details

Closed on
Sep 29, 2005
Sold by
Suntree Land Llc
Bought by
Bocci Robert L and Bocci Marilyn C

Purchase Details

Closed on
Jun 24, 2005
Sold by
Bocci Robert L and Bocci Marilyn C
Bought by
Suntree Land Llc

Purchase Details

Closed on
Jul 29, 1997
Sold by
Hinton Homes
Bought by
Bocci Robert L and Bocci Marilyn C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.87%
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
Summerfield Loop Duplexes Llc $3,252,400 Lawyers Title
Bocci Robert L -- --
Suntree Land Llc -- --
Bocci Robert L $128,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Summerfield Loop Duplexes Llc $1,962,000
Previous Owner Bocci Robert L $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2023 06/16/23 Sold $3,252,400 -6.9% $241 / Sq Ft
03/08/2023 03/08/23 Pending -- -- --
03/07/2023 03/07/23 For Sale $3,495,000 -- $259 / 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 $3,980 $200,477 $0 $0
2022 $3,666 $194,638 $0 $0
2021 $3,536 $188,969 $0 $0
2020 $3,365 $183,466 $0 $0
2019 $3,321 $178,123 $0 $0
2018 $2,972 $172,935 $0 $0
2017 $2,882 $167,898 $0 $0
2016 $2,784 $163,008 $0 $0
2015 $2,708 $158,260 $0 $0
2014 $2,509 $153,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bret Bocci

    Seller's Agent in 2023

    Bret Bocci

    Suntree Inc., Realtors

    (503) 659-3300

    1 in this area

    2 Total Sales

    Bret Bocci
    Section Image

  • R

    Seller Co-Listing Agent in 2023

    Robert Bocci

    Suntree Inc., Realtors

    (503) 659-3300

    1 in this area

    1 Total Sale

    Robert Bocci
    Section Image
  • Chris Shepard

    Buyer's Agent in 2023

    Chris Shepard

    Uptown Properties, LLC

    (503) 941-0276

    1 in this area

    16 Total Sales

    Chris Shepard
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23150473

Regional Multiple Listing Service (RMLS)

APN: 01740076

Oregon Clackamas County Happy Valley 97086 Sunnyside

14198 SE Summerfield Loop, Happy Valley, OR

This home is located at 14198 SE Summerfield Loop, Happy Valley, OR 97086 since 07 March 2023 and is currently estimated at $470,692, approximately $34 per square foot. This property was built in 1997. 14198 SE Summerfield Loop is a home located in Clackamas County with nearby schools including Spring Mountain Elementary School, Happy Valley Middle School, and Cadence Academy Preschool - Clackamas.

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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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