NOT LISTED FOR SALE

155 NE Olvera Ct Unit 167 Gresham, OR 97030

Powell Valley Neighborhood

Estimated Value: $504,000 - $522,000

4 Beds
4 Baths
2,144 Sq Ft
$241/Sq Ft Est. Value

Last Sold April 25, 2024

Last sale price $520,000 $243 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,315/month

9 Days on Market

Highlights

  • Territorial View
  • 2 Car Garage
  • Level Lot
  • Cul-De-Sac
  • High Speed Internet
  • Wall Furnace

About This Home

As of April 2024

Outstanding investment opportunity! Well-appointed duplex on a quiet cul-de-sac. Excellent rental history with current renters in place. Perfect for investors or owner-occupied. Two identical 1107 SF units feature spacious, one-level living with fully equipped kitchen, living room, 2 bedrooms, and 2 bathrooms, plus washer/dryer included. Unit 167 has brand new hot water heater. Outside features an expansive fully fenced yard with level lawn and mature landscape. Both units have a large, covered balcony, attached garage, and tons of storage throughout. Convenient location near shopping, dining, and walking distance to the middle school. Please note the sale includes unit 155 and 167 NE Olvera Ct. Don't miss this incredible opportunity!

Last Listed By

Brandon Fox

Keller Williams Premier Partners Brokerage Email: kwppbroker@gmail.com License #201215454 Listed on: 03/19/2024

Keller Williams Premier Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,974

Year Built

  • Built in 1978

Lot Details

  • 8,712 Sq Ft Lot
  • Cul-De-Sac
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,144 Sq Ft Home
  • Territorial Views

Schools

  • Powell Butte Elementary School
  • Gordon Russell Middle School
  • Sam Barlow High School

Utilities

  • No Cooling
  • Wall Furnace
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R154895

Community Details

Building Details

  • Operating Expense $8,071
  • Gross Income $37,188
  • Net Operating Income $34,091

Additional Features

  • 2 Units
  • Common Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,974

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1978
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: Deck,Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Other
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: Cul_de_sac, GentleSloping, Level
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Territorial

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling Y N: No
  • Heating: WallFurnace
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Commons

Schools

  • Elementary School: Powell Butte
  • High School: Sam Barlow
  • Middle Or Junior School: Gordon Russell

Lot Info

  • Zoning: LDR7
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712.0
  • Parcel #: R154895

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 4974.09

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.85
  • Annual Gross Income: 37188.0
  • Property Net Operating Income: 34091.0
  • Annual Operating Expense: 8071.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2024
Closed on
May 2, 2024
Sold by
Lime Tree Properties Llc
Bought by
Smalley James E and Smalley Kristin
Seller's Agent
Brandon Fox
Keller Williams Premier Partners
Buyer's Agent
Reanna Nelson
Property Group NW
List Price
$515,000
Sold Price
$520,000
Premium/Discount to List
$5,000
0.97%
Total Days on Market
9
Views
52
Current Estimated Value
$515,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,134
Avg. Annual Appreciation
-0.77%
Original Mortgage
$476,190
Outstanding Balance
$471,657
Interest Rate
6.87%
Mortgage Type
FHA
Estimated Equity
$44,209

Purchase Details

Listed on
Mar 19, 2024
Closed on
Apr 25, 2024
Sold by
Winsett Kimberly
Bought by
Chan Jessica and Taylor Jesus
Seller's Agent
Brandon Fox
Keller Williams Premier Partners
Buyer's Agent
Reanna Nelson
Property Group NW
List Price
$515,000
Sold Price
$520,000
Premium/Discount to List
$5,000
0.97%
Views
52

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,190
Outstanding Balance
$471,657
Interest Rate
6.87%
Mortgage Type
FHA
Estimated Equity
$44,209

Purchase Details

Closed on
Nov 4, 2021
Sold by
Wise Mathew
Bought by
Winsett Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,475
Interest Rate
2.88%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 17, 2009
Sold by
Schwager James A
Bought by
Schwager James A and James A Schwager Trust

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
Smalley James E $426,500 Fidelity National Title
Chan Jessica $520,000 Lawyers Title
Winsett Kimberly $400,000 First American Title
Schwager James A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Jessica $476,190
Previous Owner Winsett Kimberly $376,475
Previous Owner Schwager James A $155,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2024 04/25/24 Sold $520,000 +1.0% $243 / Sq Ft
03/29/2024 03/29/24 Pending -- -- --
03/19/2024 03/19/24 For Sale $515,000 +102.0% $240 / Sq Ft
05/31/2016 05/31/16 Sold $255,000 -7.2% $119 / Sq Ft
05/13/2016 05/13/16 Pending -- -- --
05/12/2016 05/12/16 For Sale $274,900 -- $128 / 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 $5,460 $264,190 $0 $0
2022 $4,835 $256,500 $0 $0
2021 $4,713 $249,030 $0 $0
2020 $4,435 $241,780 $0 $0
2019 $4,319 $234,740 $0 $0
2018 $4,118 $227,910 $0 $0
2017 $3,951 $221,280 $0 $0
2016 $3,483 $214,840 $0 $0
2015 $3,408 $208,590 $0 $0
2014 $3,260 $202,520 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24273018

Regional Multiple Listing Service (RMLS)

APN: R154895