NOT LISTED FOR SALE

Estimated Value: $889,000 - $1,034,679

2 Beds
3 Baths
3,960 Sq Ft
$248/Sq Ft Est. Value

Last Sold October 18, 2022

Last sale price $1,020,000 $258 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $6,275/month

71 Days on Market

Highlights

  • Seasonal View
  • Corner Lot
  • 95% Forced Air Heating System
  • Llewellyn Elementary School Rated A-
  • Attached Garage
  • High Speed Internet

About This Home

As of October 2022

Huge Price adjustment! 1904 Charming Farmhouse on large corner lot, including a 2016 custom built home. located in Sellwood/Westmoreland! Property detail sheet available, too much to list! Gas appliances, AC, high ceilings, gas fireplaces, and mature landscaping. Both homes include washer, dryer, and fridge. Ideal proximity to major road ways, golf, the river & downtown. Biking score 99! 7.9 CAP rate! Seller to complete repairs (attached in documents) for full price offer.

Last Agent to Sell the Property

La Tricia Bollier

John L. Scott Portland Central License #201008012 Listed on: 07/21/2022

John L. Scott Portland Central

Last Buyer's Agent

Karen Barks

WESTWOOD REAL ESTATE License #201234989

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,729

Year Built

  • Built in 1904

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • Attached Garage

Property Views

  • Seasonal
  • Territorial

Home Design

  • Composition Roof
  • Wood Siding
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,960 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Schools

  • Llewellyn Elementary School
  • Sellwood Middle School
  • Cleveland High School

Utilities

  • No Cooling
  • 95% Forced Air Heating System
  • Heating System Uses Gas
  • High Speed Internet

Listing and Financial Details

  • Rent includes ground maintenance
  • Assessor Parcel Number R218504

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $85,200
  • Gross Income $85,200
  • Net Operating Income $85,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,729

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1904
  • Property Condition: Approximately
  • Unreinforced Masonry Building: Unknown
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Exterior Description: CementSiding,WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: Seasonal,Territorial

Garage/Parking

  • Parking Description: Attached, Garage
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas,Tank
  • Internet Service Type: Cable
  • Security: None
  • Cooling Y N: No
  • Heating: ForcedAir95Plus
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Llewellyn
  • High School: Cleveland
  • Middle Or Junior School: Sellwood

Lot Info

  • Zoning: R5
  • Parcel #: R218504

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 11729.4

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType10, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8, UnitTypeType9
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.73
  • Annual Gross Income: 85200.0
  • Property Net Operating Income: 85200.0
  • Annual Operating Expense: 85200.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2024
Sold by
Flywheel Sfr Fund I Borrower Llc
Bought by
Ff I Borrower Ii Llc
Current Estimated Value
$983,170

Purchase Details

Listed on
Jul 21, 2022
Closed on
Oct 14, 2022
Sold by
Scrutton Dean P
Bought by
Flywheel Sfr Fund I Borrower Llc
Seller's Agent
La Tricia Bollier
John L. Scott Portland Central
Buyer's Agent
Karen Barks
WESTWOOD REAL ESTATE
List Price
$1,135,000
Sold Price
$1,020,000
Premium/Discount to List
-$115,000
-10.13%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.22%

Purchase Details

Closed on
Oct 29, 2016
Sold by
Scrutton Dean P
Bought by
Scrutton Dean P and Scrutton Meryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2010
Sold by
Scrutton Dean
Bought by
Scrutton Dean P and Scrutton Meryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,000
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2004
Sold by
Scrutton Gene
Bought by
Scrutton Dean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.32%
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
Ff I Borrower Ii Llc -- None Listed On Document
Flywheel Sfr Fund I Borrower Llc $1,020,000 --
Scrutton Dean P -- Fidelity Natl Title Of Or
Scrutton Dean P -- Fidelity Natl Title Co Of Or
Scrutton Dean $140,000 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scrutton Dean P $530,000
Previous Owner Scrutton Dean P $241,000
Previous Owner Scrutton Dean $112,000
Closed Scrutton Dean $28,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2022 10/18/22 Sold $1,020,000 -6.0% $258 / Sq Ft
09/30/2022 09/30/22 Pending -- -- --
09/21/2022 09/21/22 Price Changed $1,085,000 -4.4% $274 / Sq Ft
09/10/2022 09/10/22 Price Changed $1,135,000 0.0% $287 / Sq Ft
09/10/2022 09/10/22 For Sale $1,135,000 -1.3% $287 / Sq Ft
08/26/2022 08/26/22 Pending -- -- --
08/17/2022 08/17/22 Price Changed $1,150,000 -2.1% $290 / Sq Ft
07/21/2022 07/21/22 For Sale $1,175,000 -- $297 / 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 $12,683 $474,030 -- --
2023 $12,195 $460,230 $0 $0
2022 $11,931 $446,830 $0 $0
2021 $11,729 $433,820 $0 $0
2020 $10,760 $421,190 $0 $0
2019 $10,365 $408,930 $0 $0
2018 $10,060 $397,020 $0 $0
2017 $9,642 $176,060 $0 $0
2016 $4,030 $170,940 $0 $0
2015 $3,925 $165,970 $0 $0
2014 $3,866 $161,140 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22289689

Regional Multiple Listing Service (RMLS)

APN: R218504