NOT LISTED FOR SALE

16475 NE Russell St Unit 16481 Portland, OR 97230

Wilkes East Neighborhood

Estimated Value: $826,000 - $1,050,130

8 Beds
8 Baths
5,708 Sq Ft
$167/Sq Ft Est. Value

Last Sold December 10, 2018

Last sale price $740,000 $130 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $5,958/month

35 Days on Market

About This Home

As of December 2018

Each unit has 2 bedrooms and 2 bathrooms, single garage, additional parking and patios. The units were built to condominium standards.Tile roof. New exterior paint. Units are probably under rented by about $250/mo each. Projected rents are based on $1250 base rent plus the garbage passthrough of $50ea/mo per unit .

Last Agent to Sell the Property

Lloyd Pruitt

Keller Williams Realty Professionals License #780401108 Listed on: 08/27/2018

Keller Williams Realty Professionals

Co-Listed By

Anthony Pruitt

Keller Williams Realty Professionals License #201226173

Last Buyer's Agent

Ty Schimpf

Investment Properties, LLC. License #980200212

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,888

Year Built

  • Built in 1994

Lot Details

  • 0.32

Parking

  • Garage

Interior Spaces

  • 2-Story Property
  • Crawl Space

Kitchen

  • Range
  • Dishwasher
  • Disposal

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes sewer, water, ground maintenance

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,888

Year Built

Built in 1994

Lot Details

0

Parking

8

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 5708
  • Stories: 2
  • Year Built: 1994
  • Property Condition: Existing
  • Remarks Public: Each unit has 2 bedrooms and 2 bathrooms, single garage, additional parking and patios. The units were built to condominium standards.Tile roof. New exterior paint. Units are probably under rented by about $250/mo each. Projected rents are based on $1250 base rent plus the garbage passthrough of $50ea/mo per unit .
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: SANDSTONE, BLOCK 7, LOT 9
  • Basement: Crawl Space
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Man Made
  • Lot Size: 10,000 to 14,999 SqFt
  • Roof Type: Tile

Garage/Parking

  • Garage Or Parking Spaces: 8
  • Parking Description: Garage

Utilities

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

Condo/Co-op/Association

  • Unit Features: Dishwasher, Disposal, Range, Refrigerator

Schools

  • Elementary School: Wilkes
  • High School: Reynolds

Lot Info

  • Lot Description: Level
  • Zoning: MDR-24

Rental Info

  • Rent Includes: Sewer, Water, Maintenance Grounds

Tax Info

  • Tax Amount: 6445.66
  • Assessor Parcel Number: R265592
  • Tax Year: 2017

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 15.18

MLS Schools

  • Elementary School: Wilkes
  • High School: Reynolds

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2018
Closed on
Dec 7, 2018
Sold by
Bright Teresa M
Bought by
Schimpf Richard A and Schimpf Mary E
Seller's Agent
Lloyd Pruitt
Keller Williams Realty Professionals
Buyer's Agent
Ty Schimpf
Investment Properties, LLC.
List Price
$790,000
Sold Price
$740,000
Premium/Discount to List
-$50,000
-6.33%
Current Estimated Value
$959,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,765
Avg. Annual Appreciation
4.10%

Purchase Details

Closed on
Feb 26, 2013
Sold by
Bright Teresa M
Bought by
Bright Teresa M and Bradley Kenneth L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2005
Sold by
Macduffee Homes Llc
Bought by
Nguyen Thomas

Purchase Details

Closed on
Aug 31, 2004
Sold by
Shaffer David and Shaffer Louise
Bought by
Macduffee Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Schimpf Richard A $740,000 Fidelity National Title
Bright Teresa M -- Fidelity Natl Title Co Of Or
Nguyen Thomas $130,000 Pacific Nw Title
Macduffee Homes Llc $120,000 Ticor Title Insurance Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bright Teresa M $238,000
Previous Owner Macduffee Homes Llc $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2018 12/10/18 Sold $740,000 -6.3% $130 / Sq Ft
10/01/2018 10/01/18 Pending -- -- --
08/27/2018 08/27/18 For Sale $790,000 -- $138 / 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
2023 $7,888 $452,570 $0 $0
2022 $7,693 $439,390 $0 $0
2021 $7,503 $426,600 $0 $0
2020 $7,020 $414,180 $0 $0
2019 $6,729 $402,120 $0 $0
2018 $6,661 $390,410 $0 $0
2017 $6,446 $379,040 $0 $0
2016 $6,166 $368,000 $0 $0
2015 $5,630 $340,060 $0 $0
2014 $5,215 $316,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lloyd Pruitt

    Seller's Agent in 2018

    Lloyd Pruitt

    Keller Williams Realty Professionals

    (503) 970-5939

    27 Total Sales

    Section Image
  • Anthony Pruitt

    Seller Co-Listing Agent in 2018

    Anthony Pruitt

    Keller Williams Realty Professionals

    (503) 334-8119

    13 Total Sales

    Section Image

  • T

    Buyer's Agent in 2018

    Ty Schimpf

    Investment Properties, LLC.

    (503) 329-4542

    3 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18090750

Regional Multiple Listing Service (RMLS)

APN: R265592

Oregon Multnomah County Portland 97230 Wilkes East

16475 NE Russell St Unit 16481, Portland, OR

This home is located at 16475 NE Russell St Unit 16481, Portland, OR 97230 since 27 August 2018 and is currently estimated at $952,283, approximately $166 per square foot. This property was built in 1994. 16475 NE Russell St Unit 16481 is a home located in Multnomah County with nearby schools including Wilkes Elementary School, Hauton B Lee Middle School, and Reynolds High School.

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