NOT LISTED FOR SALE

16223 NE Fargo St Unit 16225 Portland, OR 97230

Wilkes Neighborhood

Estimated Value: $468,000 - $506,000

4 Beds
4 Baths
1,904 Sq Ft
$255/Sq Ft Est. Value

Last Sold August 31, 2022

Last sale price $460,000 $242 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,112/month

14 Days on Market

Highlights

  • Waterfront
  • Air Conditioning
  • Parking Storage or Cabinetry
  • Attached Garage
  • Landscaped with Trees
  • Gentle Sloping Lot

About This Home

As of August 2022

Investment opportunity knocks! Turn key duplex. One long term renter with steady income. Other side is vacant. Rent it out or occupy it! Both units with Mini Splits and washer/dryer hookups. Living rooms with woodburning fireplaces. Both units with new carpet July 2022. Garages and fully fenced backyards. Won't last long. Start you investment portfolio now!

Last Agent to Sell the Property

Mia McCormick

Redfin License #201216540 Listed on: 07/28/2022

Redfin

Last Buyer's Agent

John Kieper

MORE Realty License #201229758

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,627

Year Built

  • Built in 1979

Lot Details

  • Waterfront
  • Gentle Sloping Lot
  • Landscaped with Trees

Home Design

  • Plywood Siding Panel T1-11

Interior Spaces

  • 2-Story Property
  • Crawl Space

Kitchen

  • Range
  • Dishwasher

Parking

  • Attached Garage
  • Parking Storage or Cabinetry

Utilities

  • Air Conditioning
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,627

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Stories: 2
  • Year Built: 1979
  • Property Condition: Existing
  • Remarks Public: Investment opportunity knocks! Turn key duplex. One long term renter with steady income. Other side is vacant. Rent it out or occupy it! Both units with Mini Splits and washer/dryer hookups. Living rooms with woodburning fireplaces. Both units with new carpet July 2022. Garages and fully fenced backyards. Won't last long. Start you investment portfolio now!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: HIGHWOOD, BLOCK 1, LOT 2 INC UND 1/5 INT TRACT A
  • Basement: Crawl Space
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: T-111 Siding
  • Lot Size: 10K-14,999SF
  • Roof Type: Composition
  • Waterfront Description: Creek
  • Waterfront: Yes

Garage/Parking

  • Parking Description: Attached, Garage

Utilities

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

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Unit Features: Dishwasher, Range, Refrigerator, Air Conditioning

Schools

  • Elementary School: Margaret Scott
  • High School: Reynolds

Lot Info

  • Lot Description: Trees, Gentle Sloping
  • Zoning: R3
  • Water Rights Supplement: No

Green Features

  • Green Building Verification Type: Home Energy Score
  • Green Energy Supplement: Yes
  • Green Verification HES Metric: 4
  • Green Verification HES: https://rpt.greenbuildingregistry.com/hes/OR10170050
  • Green Verification HES Year: 2019

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 5256.66
  • Assessor Parcel Number: R180654
  • Tax Year: 2021

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.34

MLS Schools

  • Elementary School: Margaret Scott
  • High School: Reynolds

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2022
Closed on
Aug 31, 2022
Sold by
Andrew Bauer
Bought by
Finerty Patrick J
Seller's Agent
Mia McCormick
Redfin
Buyer's Agent
John Kieper
MORE Realty
List Price
$475,000
Sold Price
$460,000
Premium/Discount to List
-$15,000
-3.16%
Current Estimated Value
$486,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,066
Avg. Annual Appreciation
2.41%
Original Mortgage
$250,000
Outstanding Balance
$240,971
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$253,252

Purchase Details

Listed on
Oct 10, 2019
Closed on
Dec 16, 2019
Sold by
Ivall Maria E and Reidel Maria E
Bought by
Bauer Andrew and Morehead Sarah A
Seller's Agent
Robert Doble
MORE Realty
Buyer's Agent
Diane Bozak
Nurture Realty, LLC
List Price
$389,000
Sold Price
$385,000
Premium/Discount to List
-$4,000
-1.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.81%
Original Mortgage
$277,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 28, 2015
Closed on
Aug 13, 2015
Sold by
Morton Marietta C
Bought by
Riedel Maria E
Seller's Agent
Leah Dowling
Urban Nest Realty
Buyer's Agent
Debra Katrena
Premiere Property Group, LLC
List Price
$248,000
Sold Price
$242,000
Premium/Discount to List
-$6,000
-2.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.32%
Original Mortgage
$237,616
Interest Rate
3.97%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 30, 2006
Sold by
Brickey Properties Llc
Bought by
Morton Marietta C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 2005
Sold by
Brickey Susan A
Bought by
Brickey Properties Llc

Purchase Details

Closed on
Apr 30, 2002
Sold by
Purpura Gary F
Bought by
Purpura Susan A
Source: Public Records

Range of Values:

Collateral Analytics

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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
Finerty Patrick J $460,000 Wfg Title
Bauer Andrew $380,000 Lawyers
Riedel Maria E $242,000 First American
Morton Marietta C $244,900 Fidelity Natl Title Co Of Or
Brickey Properties Llc -- --
Purpura Susan A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Finerty Patrick J $250,000
Closed Finerty Patrick $250,000
Previous Owner Bauer Andrew $277,500
Previous Owner Riedel Maria E $237,616
Previous Owner Morton Marietta C $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2022 08/31/22 Sold $460,000 -3.2% $242 / Sq Ft
08/11/2022 08/11/22 Pending -- -- --
07/28/2022 07/28/22 For Sale $475,000 +23.4% $249 / Sq Ft
12/18/2019 12/18/19 Sold $385,000 0.0% $202 / Sq Ft
11/15/2019 11/15/19 Pending -- -- --
11/03/2019 11/03/19 Price Changed $384,978 -1.0% $202 / Sq Ft
11/02/2019 11/02/19 For Sale $389,000 0.0% $204 / Sq Ft
10/15/2019 10/15/19 Pending -- -- --
10/10/2019 10/10/19 For Sale $389,000 +60.7% $204 / Sq Ft
08/19/2015 08/19/15 Sold $242,000 -2.4% $127 / Sq Ft
06/17/2015 06/17/15 Pending -- -- --
05/28/2015 05/28/15 For Sale $248,000 -- $130 / 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 $5,627 $246,060 -- --
2023 $5,407 $238,900 $0 $0
2022 $5,326 $231,950 $0 $0
2021 $5,257 $225,200 $0 $0
2020 $4,745 $218,650 $0 $0
2019 $4,504 $212,290 $0 $0
2018 $4,462 $206,110 $0 $0
2017 $4,303 $200,110 $0 $0
2016 $4,102 $194,290 $0 $0
2015 $3,848 $188,640 $0 $0
2014 $3,771 $183,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Buyer's Agent in 2022

    John Kieper

    MORE Realty

    (503) 517-9988

    1 in this area

    6 Total Sales

    John Kieper
    Section Image
  • Robert Doble

    Seller's Agent in 2019

    Robert Doble

    MORE Realty

    (503) 750-7997

    3 Total Sales

    Robert Doble
    Section Image

  • D

    Buyer's Agent in 2019

    Diane Bozak

    Nurture Realty, LLC

    Section Image
  • Leah Dowling

    Seller's Agent in 2015

    Leah Dowling

    Urban Nest Realty

    (971) 285-7062

    62 Total Sales

    Leah Dowling
    Section Image
  • Debra Katrena

    Buyer's Agent in 2015

    Debra Katrena

    Premiere Property Group, LLC

    (503) 810-2669

    52 Total Sales

    Debra Katrena
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22513025

Regional Multiple Listing Service (RMLS)

APN: R180654

Oregon Multnomah County Portland 97230 Wilkes

16223 NE Fargo St Unit 16225, Portland, OR

This home is located at 16223 NE Fargo St Unit 16225, Portland, OR 97230 since 28 July 2022 and is currently estimated at $486,066, approximately $255 per square foot. This property was built in 1979. 16223 NE Fargo St Unit 16225 is a home located in Multnomah County with nearby schools including Margaret Scott Elementary School, Hauton B Lee Middle School, and Reynolds High School.

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