NOT LISTED FOR SALE

1620 Cedar St Forest Grove, OR 97116

Estimated Value: $798,000 - $894,000

8 Beds
4 Baths
3,552 Sq Ft
$236/Sq Ft Est. Value

Last Sold November 15, 2021

Last sale price $929,000 $262 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $5,182/month

3 Days on Market

Highlights

  • Secluded Lot
  • High Speed Internet
  • 1-Story Property
  • Storage
  • Wood Siding
  • 5-minute walk to Rogers Park

About This Home

As of November 2021

Hidden oasis in Old Town presents amazing investment opportunity! 2 sets of duplexes, each with 2bed/1ba with separate office or storage space! Units fully rented but 3 lowest rents are on month-month leases making increasing rents or utilizing as an owner occupied easier. Property includes 2 car garage with workbench, ample parking, carport, shed, tranquil and private yard with landscaped commons area.

Last Listed By

Jamie Ford

John L. Scott Market Center License #200411128 Listed on: 10/02/2021

John L. Scott Market Center

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,075

Year Built

  • Built in 1960

Lot Details

  • Secluded Lot
  • Level Lot
  • Flag Lot

Parking

  • Carport

Home Design

  • Slab Foundation
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Storage
  • Range

Utilities

  • Electric Water Heater
  • High Speed Internet

Community Details

  • 4 Units
  • Common Area

Listing and Financial Details

  • Rent includes electricity, trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,075

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3552
  • Stories: 1
  • Year Built: 1960
  • Property Condition: Approximately
  • Remarks Public: Hidden oasis in Old Town presents amazing investment opportunity! 2 sets of duplexes, each with 2bed/1ba with separate office or storage space! Units fully rented but 3 lowest rents are on month-month leases making increasing rents or utilizing as an owner occupied easier. Property includes 2 car garage with workbench, ample parking, carport, shed, tranquil and private yard with landscaped commons area.
  • Unreinforced Masonry Building: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: FOREST GROVE, TOWN OF, BLOCK 39, LOT PT 1
  • Basement: None

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 20K-.99AC
  • Roof Type: Composition
  • Foundation Details: Slab, Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Carport

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard
  • Internet Service Type: Wireless

Condo/Co-op/Association

  • Common Amenities: Commons
  • Unit Features: Range, Refrigerator, Storage, Washer/Dryer Hookup

Schools

  • Elementary School: Harvey Clark
  • Middle School: Tom McCall
  • High School: Forest Grove

Lot Info

  • Lot Description: Commons, Level, Secluded, Flag Lot
  • Zoning: multi

Rental Info

  • Rent Includes: Electricity, Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 5030.72
  • Assessor Parcel Number: R0425953
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 16.85

MLS Schools

  • Elementary School: Harvey Clark
  • High School: Forest Grove
  • Middle School: Tom McCall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2021
Closed on
Nov 5, 2021
Sold by
Riley Philip R and Philip R Riley Living Trust
Bought by
Emmanuel Santiago Maria Alex
Seller's Agent
Jamie Ford
John L. Scott Market Center
Buyer's Agent
Drew Runberg
Keller Williams Realty Professionals
List Price
$929,000
Sold Price
$929,000
Total Days on Market
3
Current Estimated Value
$839,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$89,698
Avg. Annual Appreciation
-6.60%
Original Mortgage
$912,173
Outstanding Balance
$853,744
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
-$123,143

Purchase Details

Closed on
Mar 22, 2012
Sold by
Riley Philip R and Riley Katherine E
Bought by
Riley Philip R and Philip R Riley Living Trust

Purchase Details

Closed on
Sep 29, 2005
Sold by
Onion Donald E and Onion Carolyn S
Bought by
Riley Philip R and Riley Katherine E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
5.63%
Mortgage Type
Purchase Money Mortgage

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
Emmanuel Santiago Maria Alex $929,000 First American
Riley Philip R -- Fatco
Riley Philip R $390,000 First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Emmanuel Santiago Maria Alex $912,173
Previous Owner Riley Philip R $290,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2021 11/15/21 Sold $929,000 0.0% $262 / Sq Ft
10/05/2021 10/05/21 Pending -- -- --
10/02/2021 10/02/21 For Sale $929,000 -- $262 / 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
2025 $6,075 $331,200 -- --
2024 $5,861 $321,560 -- --
2023 $5,861 $312,200 $0 $0
2022 $5,124 $312,200 $0 $0
2021 $5,058 $294,290 $0 $0
2020 $5,031 $285,720 $0 $0
2019 $4,919 $277,400 $0 $0
2018 $4,768 $269,330 $0 $0
2017 $4,620 $261,490 $0 $0
2016 $4,490 $253,880 $0 $0
2015 $4,318 $246,490 $0 $0
2014 $4,297 $239,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21327751

Regional Multiple Listing Service (RMLS)

APN: R0425953