NOT LISTED FOR SALE

17344 SW Merlo Rd Beaverton, OR 97006

Estimated Value: $1,056,037 - $1,128,000

8 Beds
8 Baths
4,169 Sq Ft
$260/Sq Ft Est. Value

Last Sold May 07, 2024

Last sale price $1,075,000 $258 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,755/month

34 Days on Market

About This Home

As of May 2024

Fully occupied well maintained four plex situated in a quite central Beaverton location. Property is comprised of 2 three bedroom one level units and 2 two bedroom 2 level units. All units have washer and dryers owned by owner. There are eight off street parking spots as well as easy street parking. Units have small fenced yards. Less than a mile to Nike World Headquarters,MAX light rail, Costco and several City Parks. It is OK to drive by the outside but please do not disturb the tenants. Make offer subject to inspection. Buyer to cooperate with sellers 1031 exchange at no cost to buyer.

Last Listed By

Tom DeMonbrun

Metro Group Realty License #911100021 Listed on: 02/26/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,667

Year Built

  • Built in 1975 | Remodeled

Lot Details

  • 0.3 Acre Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 4,169 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Parking

  • 8 Parking Spaces
  • Paved Parking
  • Off-Street Parking

Schools

  • Beaver Acres Elementary School
  • Five Oaks Middle School
  • Aloha High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R42395

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $17,615
  • Gross Income $77,200
  • Net Operating Income $59,585

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,667

Year Built

Built in 1975 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1975
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OffStreet, 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

  • Association: Yes

Schools

  • Elementary School: Beaver Acres
  • High School: Aloha
  • Middle Or Junior School: Five Oaks

Lot Info

  • Zoning: Multi
  • Lot Size Acres: 0.3
  • Lot Size Sq Ft: 13068.0
  • Parcel #: R42395

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 7666.73

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 14.25
  • Annual Gross Income: 77200.0
  • Property Net Operating Income: 59585.0
  • Annual Operating Expense: 17615.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2024
Closed on
May 7, 2024
Sold by
Eshraghi Vahid
Bought by
Carrington Bryan and Dussel Daniel Logan
Seller's Agent
Tom DeMonbrun
Metro Group Realty
Buyer's Agent
Ben Sigler
Sigler Real Estate
List Price
$1,130,000
Sold Price
$1,075,000
Premium/Discount to List
-$55,000
-4.87%
Total Days on Market
34
Views
37
Current Estimated Value
$1,085,259

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,259
Avg. Annual Appreciation
0.90%
Original Mortgage
$967,500
Outstanding Balance
$958,290
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$126,969

Purchase Details

Closed on
Oct 26, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Eshraghi Vahid and Eshraghi Sylvia

Purchase Details

Closed on
Apr 22, 2010
Sold by
Nguyen Duyen D
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
May 10, 2006
Sold by
Nguyen Duyen D
Bought by
Trinh Properties Llc

Purchase Details

Closed on
Aug 20, 2002
Sold by
Vu Trinh
Bought by
Nguyen Duyen D

Purchase Details

Closed on
Nov 16, 2000
Sold by
Harbaugh Michael L and Harbaugh Patricia
Bought by
Vu Trinh and Nguyen Duyen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,800
Interest Rate
7.82%

Purchase Details

Closed on
Oct 11, 1996
Sold by
Bolden Gerald C
Bought by
Harbaugh Michael L and Harbaugh Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
7.62%

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
Carrington Bryan $1,075,000 Fidelity National Title
Eshraghi Vahid $291,000 Stewart Title
Federal Home Loan Mortgage Corp $300,000 Fatco
Trinh Properties Llc -- Ticor Title
Nguyen Duyen D -- Oregon Title Insurance Co
Vu Trinh $296,000 Fidelity National Title Co
Harbaugh Michael L $265,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carrington Bryan $967,500
Previous Owner Nguyen Duyen D $320,000
Previous Owner Nguyen Duyen D $60,000
Previous Owner Vu Trinh $236,800
Previous Owner Harbaugh Michael L $212,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2024 05/07/24 Sold $1,075,000 -2.3% $258 / Sq Ft
04/01/2024 04/01/24 Pending -- -- --
03/13/2024 03/13/24 Price Changed $1,100,000 -2.7% $264 / Sq Ft
02/26/2024 02/26/24 For Sale $1,130,000 -- $271 / 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 $8,163 $446,760 -- --
2024 $7,667 $433,750 -- --
2023 $7,667 $421,120 $0 $0
2022 $7,402 $421,120 $0 $0
2021 $7,136 $396,960 $0 $0
2020 $6,915 $385,400 $0 $0
2019 $6,694 $374,180 $0 $0
2018 $6,476 $363,290 $0 $0
2017 $6,243 $352,710 $0 $0
2016 $6,020 $342,440 $0 $0
2015 $5,807 $332,470 $0 $0
2014 $5,506 $322,790 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24083918

Regional Multiple Listing Service (RMLS)

APN: R0042395