NOT LISTED FOR SALE

Estimated Value: $542,000 - $687,000

6 Beds
3 Baths
2,400 Sq Ft
$260/Sq Ft Est. Value

Last Sold April 03, 2023

Last sale price $580,000 $242 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,737/month

41 Days on Market

Highlights

  • Window Unit Cooling System
  • Level Lot
  • Wood Siding
  • Baseboard Heating

About This Home

As of April 2023

Desirable 2 bedroom 1 bathroom 800 sqft (3)units are located around shopping, restaurants and transit. Property is well taken care of and very low maintenance, recently remodeled middle unit. End unit is touches away from being fully renovated w/lux vinyl plank throughout, just needs baseboards to finish. Please do not disturb tenants.

Last Agent to Sell the Property

Ashley Flapper

John L. Scott Portland Central License #201232568 Listed on: 01/19/2023

John L. Scott Portland Central

Last Buyer's Agent

Amanda Folkestad

eXp Realty, LLC License #200706245

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,476

Year Built

  • Built in 1967

Lot Details

  • Level Lot

Parking

  • 6 Car Garage

Home Design

  • Shingle Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,400 Sq Ft Home
  • Crawl Space
  • Storage In Attic

Schools

  • Highland Elementary School
  • Clear Creek Middle School
  • Gresham High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R283831

Community Details

Overview

  • 3 Units
  • Tarlow Highlands Subdivision

Building Details

  • Operating Expense $9,914
  • Gross Income $44,040
  • Net Operating Income $28,971

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,476

Year Built

Built in 1967

Lot Details

0

Parking

6

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1967
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 580000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attic
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Concrete, Paved
  • Disclosures: Disclosure
  • Roof: Shingle

Garage/Parking

  • Parking Description: Paved
  • Attached Garage: No
  • Garage Spaces: 6.0
  • Total Parking Spaces: 6.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: None
  • Cooling: WindowUnit
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Highland
  • High School: Gresham
  • Middle Or Junior School: Clear Creek

Lot Info

  • Zoning: MDR-24
  • Parcel #: R283831

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 4475.93

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 14.53
  • Annual Gross Income: 44040.0
  • Property Net Operating Income: 28971.0
  • Annual Operating Expense: 9914.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2023
Closed on
Apr 1, 2023
Sold by
Gibbs Christoffer L
Bought by
Patrick Vince and Patrick Lindsay
Seller's Agent
Ashley Flapper
John L. Scott Portland Central
Buyer's Agent
Amanda Folkestad
eXp Realty, LLC
List Price
$639,999
Sold Price
$580,000
Premium/Discount to List
-$59,999
-9.37%
Views
66
Current Estimated Value
$624,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,643
Avg. Annual Appreciation
2.77%
Original Mortgage
$435,000
Outstanding Balance
$421,327
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$203,316

Purchase Details

Closed on
Nov 18, 2016
Sold by
Damian Benny
Bought by
Gibbs Christoffer L and Anderson Stephanie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,117
Interest Rate
3.47%
Mortgage Type
FHA

Purchase Details

Closed on
May 2, 2011
Sold by
Damian Anthony
Bought by
Damian Benny

Purchase Details

Closed on
Jan 11, 2011
Sold by
Damian Benny
Bought by
Damian Elena and Damian Anthony

Purchase Details

Closed on
Mar 17, 2008
Sold by
Damian Elena
Bought by
Damian Benny

Purchase Details

Closed on
Jan 17, 2006
Sold by
Delany Susan L
Bought by
Damian Elena and Damian Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.62%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 28, 2003
Sold by
Tarlow Family Lp
Bought by
Delany Susan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,250
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Patrick Vince $580,000 --
Gibbs Christoffer L $380,000 Ticor Title
Damian Benny -- None Available
Damian Elena -- Accommodation
Damian Benny -- Ticor Title Insurance Co
Damian Elena $275,000 Ticor Title Insurance Compan
Delany Susan L $216,000 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patrick Vince $435,000
Previous Owner Gibbs Christoffer L $373,117
Previous Owner Damian Elena $220,000
Previous Owner Delany Susan L $125,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/03/2023 04/03/23 Sold $580,000 -9.4% $242 / Sq Ft
03/02/2023 03/02/23 Pending -- -- --
02/21/2023 02/21/23 For Sale $639,999 0.0% $267 / Sq Ft
02/17/2023 02/17/23 Pending -- -- --
02/14/2023 02/14/23 For Sale $639,999 0.0% $267 / Sq Ft
01/29/2023 01/29/23 Pending -- -- --
01/26/2023 01/26/23 Price Changed $639,999 -1.5% $267 / Sq Ft
01/19/2023 01/19/23 For Sale $650,000 +71.1% $271 / Sq Ft
01/27/2017 01/27/17 Sold $380,000 -3.3% $158 / Sq Ft View Prior Sale
10/13/2016 10/13/16 Pending -- -- --
08/17/2016 08/17/16 For Sale $392,900 -- $164 / 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 $5,416 $266,150 -- --
2024 $5,185 $258,400 -- --
2023 $5,185 $250,880 $0 $0
2022 $4,592 $243,580 $0 $0
2021 $4,476 $236,490 $0 $0
2020 $4,211 $229,610 $0 $0
2019 $4,101 $222,930 $0 $0
2018 $3,911 $216,440 $0 $0
2017 $3,752 $210,140 $0 $0
2016 $3,308 $204,020 $0 $0
2015 $3,237 $198,080 $0 $0
2014 $3,158 $192,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22294161

Regional Multiple Listing Service (RMLS)

APN: R283831