NOT LISTED FOR SALE

1637 22nd Place Forest Grove, OR 97116

Estimated Value: $464,000 - $496,000

4 Beds
2 Baths
1,668 Sq Ft
$290/Sq Ft Est. Value

Last Sold September 13, 2024

Last sale price $485,000 $291 Per Sq Ft

Current estimated payment $2,902/month

50 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • 1-Story Property
  • Cul-De-Sac
  • Level Lot

About This Home

As of September 2024

This duplex is located on a quiet cul-de-sac just a few blocks from Pacific University and historic downtown Forest Grove. It provides a fantastic investment opportunity to rent to students, or live in one side and rent the other to cover some of your monthly mortgage. Plenty of space to park five cars, with two one-car garages, two driveway spots and one gravel parking pad. The fully fenced backyard provides nice outdoor privacy. Recent updates include a new roof (six years ago), new windows (10 years ago), new bedroom flooring in Unit A (2024) and a new fence (2024).

Last Agent to Sell the Property

David McGrew

John L. Scott Portland Central Brokerage Email: neportland@johnlscott.com License #200406093 Listed on: 06/13/2024

John L. Scott Portland Central

Last Buyer's Agent

Jacob Hailey

John L. Scott / Bend License #201216657

John L. Scott / Bend

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,923

Year Built

  • Built in 1981

Lot Details

  • 6,969 Sq Ft Lot
  • Cul-De-Sac
  • Level Lot

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,668 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

  • Harvey Clark Elementary School
  • Tom Mccall Middle School
  • Forest Grove High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number R1000516

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Melissa Anne Subdivision

Building Details

  • Operating Expense $7,652
  • Gross Income $31,900
  • Net Operating Income $24,248

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,923

Year Built

Built in 1981

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1981
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Cul_de_sac, Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, GarageDoorOpener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 5.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Zoning: Unknown
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6969.0
  • Parcel #: R1000516

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 3922.73

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.64
  • Annual Gross Income: 31900.0
  • Property Net Operating Income: 24248.0
  • Annual Operating Expense: 7652.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2024
Closed on
Sep 9, 2024
Sold by
Fiedler Rebecca S and Fiedler Alma D
Bought by
Silvis Oliver and Reynolds Hadley
Seller's Agent
David McGrew
John L. Scott Portland Central
Buyer's Agent
Jacob Hailey
John L. Scott / Bend
List Price
$499,000
Sold Price
$485,000
Premium/Discount to List
-$14,000
-2.81%
Views
110
Current Estimated Value
$483,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,502
Avg. Annual Appreciation
-0.29%
Original Mortgage
$476,215
Outstanding Balance
$471,993
Interest Rate
6.73%
Mortgage Type
FHA
Estimated Equity
$11,505

Purchase Details

Closed on
Jun 23, 2005
Sold by
Richer Donald R and Richer Renee J
Bought by
Fiedler Rebecca S and Fiedler Alma D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.65%
Mortgage Type
Fannie Mae Freddie Mac
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
Silvis Oliver $485,000 Chicago Title
Fiedler Rebecca S $200,000 Ticor Title Insurance Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silvis Oliver $476,215
Previous Owner Fiedler Rebecca S $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2024 09/13/24 Sold $485,000 -2.8% $291 / Sq Ft
08/03/2024 08/03/24 Pending -- -- --
07/18/2024 07/18/24 For Sale $499,000 0.0% $299 / Sq Ft
06/21/2024 06/21/24 Pending -- -- --
06/13/2024 06/13/24 For Sale $499,000 -- $299 / 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 $4,066 $221,680 -- --
2024 $3,923 $215,230 -- --
2023 $3,923 $208,970 $0 $0
2022 $3,430 $208,970 $0 $0
2021 $3,386 $196,990 $0 $0
2020 $3,368 $191,260 $0 $0
2019 $3,292 $185,690 $0 $0
2018 $3,192 $180,290 $0 $0
2017 $3,093 $175,040 $0 $0
2016 $3,006 $169,950 $0 $0
2015 $2,890 $165,000 $0 $0
2014 $2,877 $160,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24046156

Regional Multiple Listing Service (RMLS)

APN: R1000516