NOT LISTED FOR SALE

15340 SE Stark St Unit 15368 Portland, OR 97233

Centennial Neighborhood

Estimated Value: $1,612,000 - $2,904,733

13 Beds
6 Baths
13,902 Sq Ft
$172/Sq Ft Est. Value

Last Sold March 18, 2019

Last sale price $2,129,000 $153 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $14,646/month

62 Days on Market

About This Home

As of March 2019

Good investment opportunity in this 15 unit complex in excellent location. Units include 3 duplexes plus two story building with 9 flats. Most of the units have washer and dryer hookups. Coin op laundry for other units.Units are on a major busline and have off street parking.

Last Agent to Sell the Property

Cornell Mann

Great Western Real Estate Co License #911000262 Listed on: 10/19/2018

Co-Listed By

Cris Marin

Great Western Real Estate Co License #931200312

Last Buyer's Agent

Nasser Farhoud

Pinnacle Real Estate Service LLC License #201208426

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,405

Year Built

  • Built in 1973 | Remodeled

Lot Details

  • 0.89

Parking

  • Paved Parking
  • Assigned Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Crawl Space

Kitchen

  • Range
  • Dishwasher

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 15 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,405

Year Built

Built in 1973 | Remodeled

Lot Details

0

Parking

24

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 13902
  • Stories: 2
  • Year Built: 1973
  • Property Condition: Updated/Remodeled
  • Remarks Public: Good investment opportunity in this 15 unit complex in excellent location. Units include 3 duplexes plus two story building with 9 flats. Most of the units have washer and dryer hookups. Coin op laundry for other units.Units are on a major busline and have off street parking.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: RITLOW AC, BLOCK A, N 250' OF W 1/2 OF LOT 2
  • Basement: Crawl Space
  • Storage: Individual Storage Units

Exterior Features

  • Exterior Description: Brick, Aluminum
  • Lot Size: 20,000 SqFt to .99 Acres
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 24
  • Parking Description: Assigned, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard

Condo/Co-op/Association

  • Unit Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup

Lot Info

  • Lot Description: Level
  • Zoning: R2

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 17574.02
  • Assessor Parcel Number: R255652
  • Tax Year: 2017

Multi Family

  • Unit Type: 1, 2, 3, 4, 5, 6
  • Number Of Units Total: 15
  • Gross Rent Multiplier: 12.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2018
Closed on
Mar 14, 2019
Sold by
Mihalut Ion and Mihalut Elena
Bought by
Anchor Apartments Inc
Seller's Agent
Cornell Mann
Great Western Real Estate Co
Buyer's Agent
Nasser Farhoud
Pinnacle Real Estate Service LLC
List Price
$2,325,000
Sold Price
$2,129,000
Premium/Discount to List
-$196,000
-8.43%
Total Days on Market
62
Current Estimated Value
$2,392,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,433
Avg. Annual Appreciation
5.33%
Original Mortgage
$1,570,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 12, 2006
Sold by
Oren Joan
Bought by
Mihalut Ion and Mihalut Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.32%
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 Buyer Sale Price Title Company
Anchor Apartments Inc $2,129,000 Chicago Title
Mihalut Ion $822,500 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anchor Apartments Inc $1,459,000
Closed Anchor Apartments Inc $1,570,000
Previous Owner Mihalut Ion $750,000
Previous Owner Mihalut Ion $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2019 03/18/19 Sold $2,129,000 -8.4% $153 / Sq Ft
12/20/2018 12/20/18 Pending -- -- --
10/19/2018 10/19/18 For Sale $2,325,000 -- $167 / 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 $23,405 $1,038,850 $0 $0
2022 $22,833 $1,008,600 $0 $0
2021 $23,031 $979,229 $0 $0
2020 $19,613 $907,950 $0 $0
2019 $18,874 $881,510 $0 $0
2018 $18,240 $855,840 $0 $0
2017 $17,574 $830,920 $0 $0
2016 $16,945 $806,720 $0 $0
2015 $16,519 $783,230 $0 $0
2014 $15,292 $760,420 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cornell Mann

    Seller's Agent in 2019

    Cornell Mann

    Great Western Real Estate Co

    (503) 305-8971

    3 in this area

    110 Total Sales

    Cornell Mann
    Section Image
  • Cris Marin

    Seller Co-Listing Agent in 2019

    Cris Marin

    Great Western Real Estate Co

    (503) 816-9493

    6 in this area

    76 Total Sales

    Cris Marin
    Section Image
  • Nasser Farhoud

    Buyer's Agent in 2019

    Nasser Farhoud

    Pinnacle Real Estate Service LLC

    (503) 484-0135

    9 Total Sales

    Nasser Farhoud
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18221294

Regional Multiple Listing Service (RMLS)

APN: R255652

Oregon Multnomah County Portland 97233 Centennial

15340 SE Stark St Unit 15368, Portland, OR

This home is located at 15340 SE Stark St Unit 15368, Portland, OR 97233 since 19 October 2018 and is currently estimated at $2,392,433, approximately $172 per square foot. This property was built in 1973. 15340 SE Stark St Unit 15368 is a home located in Multnomah County with nearby schools including Parklane Elementary School, Centennial Middle School, and Centennial High School.

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