NOT LISTED FOR SALE

16801 E Burnside St Unit 16807 Portland, OR 97233

Rockwood Neighborhood

Estimated Value: $478,000 - $732,252

8 Beds
4 Baths
3,318 Sq Ft
$193/Sq Ft Est. Value

Last Sold January 27, 2012

Last sale price $235,000 $71 Per Sq Ft

Est. 172% increase in value since last sale

Current estimated payment $3,940/month

235 Days on Market

Highlights

  • Property is near a bus stop
  • 3-minute walk to E 172Nd
  • Wood Siding
  • Baseboard Heating
  • Level Lot
  • 1-Story Property

About This Home

As of January 2012

Great Investor opportunity on this prime location plex. Conveniently located on the Max line & bus route. All 1 level in two buildings with newer roofs, newer vinyl windows & fenced patio areas. Off street parking & room for possible expansion too. All units rented month/month. Beat the foreclosure & get this at a great price! Do NOT Disturb tenants.

Last Agent to Sell the Property

Roger Hough

Better Homes & Gardens Realty License #840300120 Listed on: 04/21/2011

Better Homes & Gardens Realty

Last Buyer's Agent

Tracy Brophy

Keller Williams Realty Portland Premiere License #200106091

Keller Williams Realty Portland Premiere

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,835

Year Built

  • Built in 1967

Lot Details

  • 0.56

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,318 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Parking

  • 8 Parking Spaces
  • Paved Parking
  • Assigned Parking

Schools

  • Wilkes Elementary School
  • H.B. Lee Middle School
  • Reynolds High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Level Lot
  • Property is near a bus stop

Listing and Financial Details

  • Rent includes trashcollection
  • Assessor Parcel Number R293955

Community Details

Overview

  • 4 Units
  • Property managed by On site

Building Details

  • Operating Expense $3,697
  • Gross Income $31,440
  • Net Operating Income $27,743

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,835

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1967
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace, None
  • Storage: IndividualStorageUnits,Locked
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 20,000 SqFt to .99 Acres
  • View: No
  • Lot Features: Level, OnBusline
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned, Paved
  • Attached Garage: No
  • Total Parking Spaces: 8.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: On site

Schools

  • Elementary School: Wilkes
  • High School: Reynolds
  • Middle Or Junior School: H.B. Lee

Lot Info

  • Zoning: LDR7
  • Parcel #: R293955

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 7.63
  • Annual Gross Income: 31440.0
  • Property Net Operating Income: 27743.0
  • Annual Operating Expense: 3697.0

Tax Info

  • Tax Annual Amount: 3834.95

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2011
Closed on
Jan 17, 2012
Sold by
Mitchell Kevin J
Bought by
Tzeo Paul and Tzeo Kristine
Seller's Agent
Roger Hough
Better Homes & Gardens Realty
Buyer's Agent
Tracy Brophy
Keller Williams Realty Portland Premiere
List Price
$300,000
Sold Price
$235,000
Premium/Discount to List
-$65,000
-21.67%
Current Estimated Value
$639,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$404,063
Avg. Annual Appreciation
7.58%
Original Mortgage
$132,000
Outstanding Balance
$90,279
Interest Rate
3.93%
Mortgage Type
New Conventional
Estimated Equity
$548,784

Purchase Details

Closed on
May 24, 2006
Sold by
Boyer Alan R
Bought by
Mitchell Kevin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 17, 2005
Sold by
Mitchell Merrill H
Bought by
Boyer Alan R and Baker Roger L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 26, 2002
Sold by
Mitchell Merrill H
Bought by
Mitchell Merrill H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
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
Tzeo Paul $235,000 Amerititle
Mitchell Kevin J $390,000 Chicago Title Insurance Co
Boyer Alan R $285,000 Chicago Title Insurance Comp
Mitchell Merrill H -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tzeo Paul $132,000
Previous Owner Mitchell Kevin J $292,500
Previous Owner Boyer Alan R $228,000
Previous Owner Mitchell Merrill H $124,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2012 01/27/12 Sold $235,000 -21.7% $71 / Sq Ft
12/08/2011 12/08/11 Pending -- -- --
04/17/2011 04/17/11 For Sale $300,000 -- $90 / 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 $6,450 $344,890 -- --
2023 $5,836 $334,850 $0 $0
2022 $5,692 $325,100 $0 $0
2021 $5,552 $315,640 $0 $0
2020 $5,194 $306,450 $0 $0
2019 $4,979 $297,530 $0 $0
2018 $4,929 $288,870 $0 $0
2017 $4,769 $280,460 $0 $0
2016 $4,562 $272,300 $0 $0
2015 $4,430 $264,370 $0 $0
2014 $4,280 $256,670 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Roger Hough

    Seller's Agent in 2012

    Roger Hough

    Better Homes & Gardens Realty

    (503) 516-5688

    1 in this area

    85 Total Sales

    Roger Hough
    Section Image
  • Tracy Brophy

    Buyer's Agent in 2012

    Tracy Brophy

    Keller Williams Realty Portland Premiere

    (503) 781-3158

    95 Total Sales

    Tracy Brophy
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 11661460

Regional Multiple Listing Service (RMLS)

APN: R293955

Oregon Multnomah County Portland 97230 Rockwood

16801 E Burnside St Unit 16807, Portland, OR

This home is located at 16801 E Burnside St Unit 16807, Portland, OR 97233 since 21 April 2011 and is currently estimated at $639,063, approximately $192 per square foot. This property was built in 1967. 16801 E Burnside St Unit 16807 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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