NOT LISTED FOR SALE

Estimated Value: $846,000 - $1,048,870

2 Beds
4 Baths
4,298 Sq Ft
$218/Sq Ft Est. Value

Last Sold February 25, 2020

Last sale price $829,000 $193 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,561/month

223 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Garage
  • Cleveland High School Rated A-
  • Fireplace

About This Home

As of February 2020

Rare opportunity to purchase a vintage four-plex in the Sullivan Gulch neighborhood of NE Portland. Value add opportunity through rent growth and the continued development of the urban core of NE Portland. Perfect set up for an owner-occupant, w/ large 2BR unit on main floor and (3) studio units above. Airbnb potential. Detached 528 sq ft garage provides potential for additional storage/parking. New roof and exterior paint.

Last Agent to Sell the Property

Phillip Barry

Joseph Bernard LLC License #200807134 Listed on: 06/11/2019

Last Buyer's Agent

Jim Farris

Keller Williams PDX Central License #200302041

Keller Williams PDX Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,884

Year Built

  • Built in 1907

Lot Details

  • 7,492

Parking

  • Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Fireplace
  • Wood Flooring
  • Unfinished Basement
  • Basement Storage
  • Storage In Attic
  • Range

Additional Features

  • Corner Lot
  • Heating System Uses Gas

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,884

Year Built

Built in 1907

Lot Details

0

Parking

4

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 4298
  • Stories: 3
  • Year Built: 1907
  • Remarks Public: Rare opportunity to purchase a vintage four-plex in the Sullivan Gulch neighborhood of NE Portland. Value add opportunity through rent growth and the continued development of the urban core of NE Portland. Perfect set up for an owner-occupant, w/ large 2BR unit on main floor and (3) studio units above. Airbnb potential. Detached 528 sq ft garage provides potential for additional storage/parking. New roof and exterior paint.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: JOHN IRVINGS 1ST ADD, BLOCK 3, W 1/2 OF N 100' OF LOT 7, N 100' O
  • Basement: Unfinished
  • Storage: Attic, Basement

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 4
  • Parking Description: Paved, Garage

Utilities

  • Fuel Description: Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air

Condo/Co-op/Association

  • Unit Features: Fireplace, Range, Refrigerator, Wood Floors

Schools

  • Elementary School: Buckman
  • Middle School: Hosford
  • High School: Cleveland

Lot Info

  • Lot Description: Corner Lot
  • Zoning: R2

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 5460.39
  • Assessor Parcel Number: R192993
  • Tax Year: 2018

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 16.22

MLS Schools

  • Elementary School: Buckman
  • High School: Cleveland
  • Middle School: Hosford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2019
Closed on
Feb 20, 2020
Sold by
Locati Darline G
Bought by
Anderson Robert L and Anderson Mei Juan
Seller's Agent
Phillip Barry
Joseph Bernard LLC
Buyer's Agent
Jim Farris
Keller Williams PDX Central
List Price
$829,000
Sold Price
$829,000
Current Estimated Value
$936,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,968
Avg. Annual Appreciation
2.20%
Original Mortgage
$663,200
Outstanding Balance
$587,217
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$349,751

Purchase Details

Closed on
Mar 18, 2002
Sold by
Locati Darline G
Bought by
Locati Norman C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,750
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 20, 2000
Sold by
Quaring Jerry
Bought by
Lorati Darline G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,550
Interest Rate
8.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 1995
Sold by
Hildebrand Murray A
Bought by
Quaring Jerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,050
Interest Rate
7.97%
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
Anderson Robert L $829,000 Wfg Title
Locati Norman C -- Oregon Title Insurance Co
Lorati Darline G $253,188 Ticor Title Insurance
Quaring Jerry $193,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Robert L $663,200
Previous Owner Locati Norman C $207,750
Previous Owner Lorati Darline G $202,550
Previous Owner Quaring Jerry $184,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2020 02/25/20 Sold $829,000 0.0% $193 / Sq Ft
01/20/2020 01/20/20 Pending -- -- --
12/02/2019 12/02/19 For Sale $829,000 0.0% $193 / Sq Ft
11/30/2019 11/30/19 Off Market $829,000 -- --
11/01/2019 11/01/19 Price Changed $829,000 -1.9% $193 / Sq Ft
10/03/2019 10/03/19 Price Changed $845,000 -1.6% $197 / Sq Ft
09/11/2019 09/11/19 Price Changed $859,000 -2.3% $200 / Sq Ft
08/30/2019 08/30/19 Price Changed $879,000 -3.3% $205 / Sq Ft
08/23/2019 08/23/19 Price Changed $909,000 -2.2% $211 / Sq Ft
08/02/2019 08/02/19 Price Changed $929,000 -1.1% $216 / Sq Ft
07/16/2019 07/16/19 Price Changed $939,000 -3.1% $218 / Sq Ft
06/11/2019 06/11/19 For Sale $969,000 -- $225 / 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 $6,884 $257,280 -- --
2023 $6,619 $249,790 $0 $0
2022 $6,476 $242,520 $0 $0
2021 $6,366 $235,460 $0 $0
2020 $5,840 $228,610 $0 $0
2019 $5,626 $221,960 $0 $0
2018 $5,460 $215,500 $0 $0
2017 $5,234 $209,230 $0 $0
2016 $4,790 $203,140 $0 $0
2015 $4,664 $197,230 $0 $0
2014 $4,594 $191,490 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19244603

Regional Multiple Listing Service (RMLS)

APN: R192993