NOT LISTED FOR SALE

2004 SE Umatilla St Unit 2016 Portland, OR 97202

Sellwood Neighborhood

Estimated Value: $974,000 - $1,160,000

8 Beds
4 Baths
3,396 Sq Ft
$310/Sq Ft Est. Value

Last Sold February 21, 2023

Last sale price $1,080,000 $318 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,513/month

3 Days on Market

Highlights

  • Baseboard Heating
  • Level Lot
  • 4-minute walk to Johnson Creek Park
  • Duniway Elementary School Rated 9+
  • Lap Siding

About This Home

As of February 2023

This fourplex located in the Sellwood neighborhood is a great investment opportunity with an added bonus of potential owner-occupancy. With 3 units currently occupied, the 4th unit will be coming vacant at the end of January, allowing for you to potentially move in. Each unit features 2 bedrooms, 1 bathroom, & a fenced back patio- providing a comfortable living space. Sellwood is known for its charming, historic homes and proximity to amenities such as restaurants, shops, and parks. Run!

Last Agent to Sell the Property

Jake Woolsey

Real Broker License #201206374 Listed on: 01/13/2023

Last Buyer's Agent

Benjamin Boyd

MORE Realty License #201224680

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,671

Year Built

  • Built in 1964

Lot Details

  • 10,019

Parking

  • 4 Car Garage

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Lap Siding

Schools

  • Duniway Elementary School
  • Sellwood Middle School
  • Cleveland High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Crawl Space
  • Level Lot

Listing and Financial Details

  • Assessor Parcel Number R267932

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $19,000
  • Gross Income $78,000
  • Net Operating Income $57,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,671

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1964
  • 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: Brick,LapSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Paved
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: R2.5
  • Parcel #: R267932

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 8671.18

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 13.46
  • Annual Gross Income: 78000.0
  • Property Net Operating Income: 57000.0
  • Annual Operating Expense: 19000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2023
Closed on
Feb 15, 2023
Sold by
Stefan Joshua
Bought by
Mckechnie Benjamin
Seller's Agent
Jake Woolsey
Real Broker
Buyer's Agent
Benjamin Boyd
MORE Realty
List Price
$1,050,000
Sold Price
$1,080,000
Premium/Discount to List
$30,000
2.86%
Current Estimated Value
$1,052,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,000
Avg. Annual Appreciation
-1.04%
Original Mortgage
$1,097,710
Outstanding Balance
$1,065,361
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
-$13,361

Purchase Details

Closed on
Nov 14, 2017
Sold by
Stefan Joshua
Bought by
Stefan Joshua and Stefan Alexandria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2010
Sold by
Stefan John
Bought by
Stefan Joshua and Stefan Alexandria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
4.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2009
Sold by
Schilling Ronald L
Bought by
Stefan Joshua and Stefan Lexie

Purchase Details

Closed on
May 2, 2005
Sold by
Schilling Lorna M
Bought by
Schilling Ronald L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.99%
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
Mckechnie Benjamin $1,080,000 Ticor Title
Stefan Joshua -- Wfg Title
Stefan Joshua -- Chicago Title Company Oregon
Stefan Joshua $419,000 Fidelity Natl Title Co Of Or
Schilling Ronald L $125,900 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckechnie Benjamin $1,097,710
Previous Owner Stefan Joshua $560,000
Previous Owner Stefan Joshua $276,000
Previous Owner Schilling Ronald L $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2023 02/21/23 Sold $1,080,000 +2.9% $318 / Sq Ft
01/17/2023 01/17/23 Pending -- -- --
01/13/2023 01/13/23 For Sale $1,050,000 -- $309 / 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 $9,376 $350,430 -- --
2023 $9,016 $340,230 $0 $0
2022 $8,821 $330,330 $0 $0
2021 $8,671 $320,710 $0 $0
2020 $7,955 $311,370 $0 $0
2019 $7,662 $302,310 $0 $0
2018 $7,437 $293,510 $0 $0
2017 $7,128 $284,970 $0 $0
2016 $6,523 $276,670 $0 $0
2015 $6,352 $268,620 $0 $0
2014 $6,256 $260,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jake Woolsey

    Seller's Agent in 2023

    Jake Woolsey

    Real Broker

    (503) 791-6350

    1 in this area

    32 Total Sales

    Jake Woolsey
    Section Image
  • Benjamin Boyd

    Buyer's Agent in 2023

    Benjamin Boyd

    MORE Realty

    (503) 970-7925

    1 in this area

    89 Total Sales

    Benjamin Boyd
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23011078

Regional Multiple Listing Service (RMLS)

APN: R267932

Oregon Multnomah County Portland 97202 Sellwood

2004 SE Umatilla St Unit 2016, Portland, OR

This home is located at 2004 SE Umatilla St Unit 2016, Portland, OR 97202 since 13 January 2023 and is currently estimated at $1,052,000, approximately $309 per square foot. This property was built in 1964. 2004 SE Umatilla St Unit 2016 is a home located in Multnomah County with nearby schools including Duniway Elementary School, Sellwood Middle School, and Cleveland High School.

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