NOT LISTED FOR SALE

1641 22nd Ave Forest Grove, OR 97116

Estimated Value: $457,000 - $517,000

4 Beds
2 Baths
1,764 Sq Ft
$274/Sq Ft Est. Value

Last Sold June 11, 2024

Last sale price $480,000 $272 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,800/month

21 Days on Market

Highlights

  • Corner Lot
  • Cooling Available
  • 1-Story Property
  • No HOA
  • Heat Pump System

About This Home

As of June 2024

Just Listed! Fully rented duplex just a few blocks from Pacific University Campus! Units are 2beds/1bath and approximately 882 square feet with attached carports. Brand new roof in 2023! Corner lot & fully fenced backyards. This location is a short distance to so many amenities and resides on a quiet street in a wonderful Forest Grove neighborhood, nearby schools, and parks. Please do not disturb tenants, and make offers subject to interior inspection.

Last Agent to Sell the Property

Jason Maycumber

Redfin License #200302022 Listed on: 02/11/2024

Redfin

Last Buyer's Agent

Julie Robinson

MORE Realty License #200406168

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,484

Year Built

  • Built in 1962 | Remodeled

Lot Details

  • Corner Lot
  • Level Lot

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11
  • Cement Siding

Interior Spaces

  • 1,764 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Parking

  • 2 Parking Spaces
  • Carport
  • Driveway

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance
  • Assessor Parcel Number R783272

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $4,684
  • Gross Income $23,100
  • Net Operating Income $18,416

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,484

Year Built

Built in 1962 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1962
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Current Price For Status: 480000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: CementSiding,T111Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: CornerLot, Level, PublicRoad
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: HeatPump
  • Cooling Y N: Yes
  • Heating: HeatPump
  • 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: duplex
  • Parcel #: R783272

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 3483.63

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 21.65
  • Annual Gross Income: 23100.0
  • Property Net Operating Income: 18416.0
  • Annual Operating Expense: 4684.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2024
Closed on
Jun 10, 2024
Sold by
Ron & Cynthia Upson 2021 Trust and Upson Ron
Bought by
Martinez Luis
Seller's Agent
Jason Maycumber
Redfin
Buyer's Agent
Julie Robinson
MORE Realty
List Price
$500,000
Sold Price
$480,000
Premium/Discount to List
-$20,000
-4%
Views
47
Current Estimated Value
$482,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,718
Avg. Annual Appreciation
0.35%
Original Mortgage
$360,000
Outstanding Balance
$354,910
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$127,808

Purchase Details

Closed on
May 25, 2021
Sold by
Upson Ronald and Upson Cynthia
Bought by
Upson Ron L and Upson Cynthia L

Purchase Details

Closed on
Sep 23, 2010
Sold by
Davis Claud E and Davis Virginia R
Bought by
Upson Ronald and Upson Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,250
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 1997
Sold by
Ostrom Elwood E and Ostrom Patricia D
Bought by
Davis Claud E and Davis Virginia R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
8.5%
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Martinez Luis $480,000 Ticor Title
Upson Ron L -- None Available
Upson Ronald $215,000 Fidelity Natl Title Co Of Or
Davis Claud E $109,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Luis $360,000
Previous Owner Upson Ronald $158,250
Previous Owner Davis Claud E $79,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/11/2024 06/11/24 Sold $480,000 -4.0% $272 / Sq Ft
03/04/2024 03/04/24 Pending -- -- --
02/11/2024 02/11/24 For Sale $500,000 -- $283 / 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
2026 $3,611 $202,770 -- --
2025 $3,611 $196,870 -- --
2024 $3,484 $191,140 -- --
2023 $3,484 $185,580 $0 $0
2022 $3,046 $185,580 $0 $0
2021 $3,007 $174,940 $0 $0
2020 $2,991 $169,850 $0 $0
2019 $2,924 $164,910 $0 $0
2018 $2,834 $160,110 $0 $0
2017 $2,747 $155,450 $0 $0
2016 $2,670 $150,930 $0 $0
2015 $2,567 $146,540 $0 $0
2014 $2,555 $142,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24345079

Regional Multiple Listing Service (RMLS)

APN: R0783272