NOT LISTED FOR SALE

1609 NE 74th Ave Unit 1611 Portland, OR 97213

Montavilla Neighborhood

Estimated Value: $487,682 - $597,000

4 Beds
2 Baths
1,586 Sq Ft
$347/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $595,000 $375 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $3,345/month

Highlights

  • Storage
  • Level Lot
  • 1-Story Property
  • Washer and Dryer
  • Wood Siding

About This Home

As of July 2021

Lovely one-level updated duplex in convenient NE Portland location with solid rental history. Spacious living area with large windows. Kitchen has all appliances including built-in dishwasher. Secure storage, washer-dryer and private fenced yard. Low maintenance. Inspections and repairs completed. Perfect for investor or live in one unit and rent the other.

Last Agent to Sell the Property

Timothy Manickam

Fathom Realty Oregon, LLC License #200502433 Listed on: 06/09/2021

Fathom Realty Oregon, LLC

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,285

Year Built

  • Built in 1977 | Remodeled

Lot Details

  • 5,009

Parking

  • Paved Parking

Home Design

  • Wood Siding
  • Plywood Siding Panel T1-11

Interior Spaces

  • 1-Story Property
  • Storage
  • Washer and Dryer
  • Crawl Space

Kitchen

  • Range
  • Dishwasher

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection, ground maintenance

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,285

Year Built

Built in 1977 | Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1586
  • Stories: 1
  • Year Built: 1977
  • Property Condition: Updated/Remodeled
  • Remarks Public: Lovely one-level updated duplex in convenient NE Portland location with solid rental history. Spacious living area with large windows. Kitchen has all appliances including built-in dishwasher. Secure storage, washer-dryer and private fenced yard. Low maintenance. Inspections and repairs completed. Perfect for investor or live in one unit and rent the other.
  • Unreinforced Masonry Building: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: JONESMORE, BLOCK 34, LOT 32&33
  • Basement: Crawl Space
  • Storage: Attached

Exterior Features

  • Exterior Description: T-111 Siding, Wood Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Wall Furnace

Condo/Co-op/Association

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

Schools

  • Elementary School: Vestal
  • Middle School: Roseway Heights
  • High School: Leodis McDaniel

Lot Info

  • Lot Description: Level
  • Zoning: RM1

Rental Info

  • Rent Includes: Trash Collection, Maintenance Grounds

Tax Info

  • Tax Amount: 4484.03
  • Assessor Parcel Number: R193941
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.01

MLS Schools

  • Elementary School: Vestal
  • High School: Leodis McDaniel
  • Middle School: Roseway Heights

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2021
Closed on
Jul 12, 2021
Sold by
Magogoso Llc
Bought by
Suaimhneas Llc
Seller's Agent
Timothy Manickam
Fathom Realty Oregon, LLC
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$499,900
Sold Price
$595,000
Premium/Discount to List
$95,100
19.02%
Current Estimated Value
$549,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$45,329
Avg. Annual Appreciation
-1.85%
Original Mortgage
$396,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 9, 2021
Closed on
Jul 8, 2021
Sold by
Manickam Timothy Jesudoss and Manickam Gail Ann
Bought by
Heinecke Joy
Seller's Agent
Timothy Manickam
Fathom Realty Oregon, LLC
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$499,900
Sold Price
$595,000
Premium/Discount to List
$95,100
19.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 9, 2021
Closed on
Jun 3, 2021
Sold by
Manickam Gail Ann and Manickam Timothy Jesudoss
Bought by
Manickam Timothy Jesudoss and Manickam Gail Ann
Seller's Agent
Timothy Manickam
Fathom Realty Oregon, LLC
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$499,900
Sold Price
$595,000
Premium/Discount to List
$95,100
19.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 22, 2015
Closed on
Jun 30, 2015
Sold by
Lee Thomas
Bought by
Manickam Timothy J and Manickam Gail A
Seller's Agent
Tim Wei
Windermere Community Realty
Buyer's Agent
Timothy Manickam
Fathom Realty Oregon, LLC
List Price
$269,000
Sold Price
$275,000
Premium/Discount to List
$6,000
2.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.65%
Original Mortgage
$180,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2002
Sold by
Luong Ha
Bought by
Lee Thomas and Le Kim Anh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,400
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 28, 1997
Sold by
Yang Sueyen Au
Bought by
Luong Ha and Luong Phi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,400
Interest Rate
7.43%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Suaimhneas Llc -- None Available
Heinecke Joy $595,000 Fidelity National Title
Manickam Timothy Jesudoss -- Fidelity National Title
Manickam Timothy J $275,000 Ticor Title
Lee Thomas $133,000 Fidelity National Title Co
Luong Ha $112,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Heinecke Joy $396,000
Previous Owner Manickam Timothy J $180,000
Previous Owner Lee Thomas $106,400
Previous Owner Luong Ha $78,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/09/2021 07/09/21 Sold $595,000 +19.0% $375 / Sq Ft
06/13/2021 06/13/21 Pending -- -- --
06/09/2021 06/09/21 For Sale $499,900 +81.8% $315 / Sq Ft
06/30/2015 06/30/15 Sold $275,000 +2.2% $173 / Sq Ft View Prior Sale
05/26/2015 05/26/15 Pending -- -- --
04/21/2015 04/21/15 For Sale $269,000 -- $170 / 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
2024 $5,285 $197,530 -- --
2023 $5,285 $191,780 $0 $0
2022 $4,972 $186,200 $0 $0
2021 $4,888 $180,780 $0 $0
2020 $4,484 $175,520 $0 $0
2019 $4,319 $170,410 $0 $0
2018 $4,192 $165,450 $0 $0
2017 $4,018 $160,640 $0 $0
2016 $3,677 $155,970 $0 $0
2015 $3,581 $151,430 $0 $0
2014 $3,527 $147,020 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Timothy Manickam

    Seller's Agent in 2021

    Timothy Manickam

    Fathom Realty Oregon, LLC

    (503) 348-6045

    2 in this area

    99 Total Sales

    Timothy Manickam
    Section Image

  • T

    Seller's Agent in 2015

    Tim Wei

    Windermere Community Realty

    (503) 349-1981

    24 Total Sales

    Tim Wei
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21358689

Regional Multiple Listing Service (RMLS)

APN: R193941

Oregon Multnomah County Portland 97213 Montavilla

1609 NE 74th Ave Unit 1611, Portland, OR

This home is located at 1609 NE 74th Ave Unit 1611, Portland, OR 97213 since 09 June 2021 and is currently estimated at $549,671, approximately $346 per square foot. This property was built in 1977. 1609 NE 74th Ave Unit 1611 is a home located in Multnomah County with nearby schools including Vestal Elementary School, Leodis V. McDaniel High School, and Portland Arthur Academy.

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.

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