NOT LISTED FOR SALE

1815 SE Torbank Rd Milwaukie, OR 97222

Estimated Value: $598,812 - $680,000

6 Beds
3 Baths
3,350 Sq Ft
$193/Sq Ft Est. Value

Last Sold December 28, 2012

Last sale price $260,000 $78 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $3,989/month

181 Days on Market

Highlights

  • Deck
  • Private Lot
  • Wood Siding
  • Wood Burning Stove
  • Wood Flooring

About This Home

As of December 2012

DO NOT DISTURB TENANTS. Large floorplans and extra amenities. Features a Duplex and House on one tax lot. Large back yard for duplex one unit has hardwood floors exposed. Private but easy to rent with schools nearby.

Last Agent to Sell the Property

Jim Lutz

PPG Commercial, LLC License #820600096 Listed on: 05/07/2012

Last Buyer's Agent

Warren Schumacher

The Warren Group, Realtors License #880600127

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,448

Year Built

  • Built in 1955

Lot Details

  • Private Lot
  • Level Lot

Parking

  • Assigned Parking

Home Design

  • Wood Siding
  • Shingle Siding

Interior Spaces

  • Wood Burning Stove
  • Wood Flooring
  • Washer and Dryer Hookup

Kitchen

  • Dishwasher
  • Disposal

Additional Features

  • Deck
  • Electric Water Heater

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,448

Year Built

Built in 1955

Lot Details

0

Parking

8

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 3350
  • Year Built: 1955
  • Year Built Description: Approximately
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space
  • Legal Description: SECTION 02 TOWNSHIP 2S RANGE 1E QUARTER DA TAX LOT 0

Exterior Features

  • Exterior Description: Shingle Siding, Wood Siding
  • Lot Size: 15,000 to 19,999 SqFt
  • Roof Type: Composition

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air
  • Utilities Included: Trash Collection, Water

Condo/Co-op/Association

  • Unit Features: Deck, Dishwasher, Disposal, Hardwood Floors, Washer/Dryer Hookup, Wood Stove

Lot Info

  • Lot Description: Level, Private
  • Zoning: R10

Tax Info

  • Tax Amount: 3800.77
  • Assessor Parcel Number: 00183152

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 9.75

MLS Schools

  • Elementary School: Oak Grove
  • High School: Milwaukie
  • Middle School: Alder Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2013
Sold by
Sandler Scott A and Sandler Janet F
Bought by
Sandprop Llc
Current Estimated Value
$656,237

Purchase Details

Listed on
May 7, 2012
Closed on
Dec 27, 2012
Sold by
Gibbs Nicholas R
Bought by
Sandler Scott A and Sandler Janet F
Seller's Agent
Jim Lutz
PPG Commercial, LLC
Buyer's Agent
Warren Schumacher
The Warren Group, Realtors
List Price
$299,000
Sold Price
$260,000
Premium/Discount to List
-$39,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.37%

Purchase Details

Closed on
Oct 28, 2005
Sold by
Pfunder Todd M and Hart Cinder L
Bought by
Gibbs Nicholas R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.1%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 1997
Sold by
Fisher John W
Bought by
Pfunder Todd M and Pfunder Cinder L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,487
Interest Rate
8.13%
Mortgage Type
FHA
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
Sandprop Llc -- None Available
Sandler Scott A $260,000 Fidelity Natl Title Co Of Or
Gibbs Nicholas R $300,000 Transnation Title Agency Or
Pfunder Todd M $197,500 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gibbs Nicholas R $300,000
Previous Owner Pfunder Todd M $191,487
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2012 12/28/12 Sold $260,000 -13.0% $78 / Sq Ft
11/04/2012 11/04/12 Pending -- -- --
05/07/2012 05/07/12 For Sale $299,000 -- $89 / 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 $6,448 $339,515 -- --
2024 $6,220 $329,627 -- --
2023 $6,220 $320,027 $0 $0
2022 $5,719 $310,706 $0 $0
2021 $5,510 $301,657 $0 $0
2020 $5,336 $292,871 $0 $0
2019 $5,260 $284,341 $0 $0
2018 $4,603 $276,059 $0 $0
2017 $4,455 $268,018 $0 $0
2016 $4,297 $260,212 $0 $0
2015 $4,162 $252,633 $0 $0
2014 $3,845 $245,275 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Jim Lutz

    PPG Commercial, LLC

  • W

    Buyer's Agent in 2012

    Warren Schumacher

    The Warren Group, Realtors

See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 12122931

Regional Multiple Listing Service (RMLS)

APN: 00183152

Oregon Clackamas County Milwaukie 97222

1815 SE Torbank Rd, Milwaukie, OR

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