NOT LISTED FOR SALE

Estimated Value: $910,000 - $1,303,000

8 Beds
4 Baths
5,040 Sq Ft
$210/Sq Ft Est. Value

Last Sold November 29, 2021

Last sale price $800,000 $159 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $5,936/month

175 Days on Market

Highlights

  • Wood Flooring
  • Fireplace
  • Storage
  • Corner Lot
  • Air Conditioning
  • Handicap Accessible

About This Home

As of November 2021

PRICE REDUCED! Adjacent Developable Lot for sale for additional $100,000 if purchased together. Cash flow with current rents available - GRM 14.15, Cap Rate 5.91%. Blocks from Pacific University. Zoned Community Commercial. 8 beds/4 baths in two units. Lower level wheel chair accessible. Major renovation in 2016, all new plumbing & electrical. 2 car garage with attic storage not rented. See also RMLS#21367070. Please do not disturb tenants. Appointment only 48-hour notice.

Last Agent to Sell the Property

Sharon Storey

eXp Realty, LLC License #201106105 Listed on: 03/19/2021

eXp Realty, LLC

Last Buyer's Agent

Stacy Butchart

ELEETE Real Estate License #201213386

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,270

Year Built

  • Built in 1912 | Remodeled

Lot Details

  • Corner Lot
  • Level Lot

Home Design

  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 3-Story Property
  • Fireplace
  • Window Treatments
  • Storage
  • Washer and Dryer
  • Wood Flooring
  • Security Lights
  • Dishwasher

Finished Basement

  • Apartment Living Space in Basement
  • Basement Storage

Parking

  • Open Parking
  • Assigned Parking

Utilities

  • Air Conditioning
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • Handicap Accessible
  • Property is near a bus stop

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection, ground maintenance

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,270

Year Built

Built in 1912 | Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 5040
  • Stories: 3
  • Year Built: 1912
  • Property Condition: Updated/Remodeled
  • Unreinforced Masonry Building: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: See attached Legal Description and Plat
  • Basement: Finished, Separate Living Quarters/Apartment/Aux Living Unit, Storage Space
  • Storage: Attached

Exterior Features

  • Exterior Description: Cedar
  • Lot Size: 10K-14,999SF
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Assigned, Open

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Cooling Description: Central Air
  • Heating Description: Forced Air
  • Internet Service Type: Cable
  • Security: Handicap Access, Security Lights, Sidewalk

Condo/Co-op/Association

  • Unit Features: Dishwasher, Fireplace, Washer/Dryer, Window Coverings, Wood Floors, Air Conditioning

Lot Info

  • Lot Description: On Busline, Corner Lot, Level
  • Zoning: CC

Rental Info

  • Rent Includes: Trash Collection, Maintenance Grounds

Tax Info

  • Tax Amount: 3726.92
  • Assessor Parcel Number: R0784413
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 16.32

MLS Schools

  • Elementary School: Harvey Clark
  • High School: Forest Grove
  • Middle School: Neil Armstrong

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2021
Closed on
Dec 18, 2021
Sold by
Needleman Phillip M
Bought by
Gotta Blank Space Llc
Seller's Agent
Sharon Storey
eXp Realty, LLC
Buyer's Agent
Stacy Butchart
ELEETE Real Estate
List Price
$925,000
Sold Price
$800,000
Premium/Discount to List
-$125,000
-13.51%
Current Estimated Value
$1,059,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,750
Avg. Annual Appreciation
7.28%

Purchase Details

Listed on
Mar 19, 2021
Closed on
Oct 13, 2021
Sold by
Brown Barrett D and Brown Susan G
Bought by
Needleman Phillip M and Needleman Julie J
Seller's Agent
Sharon Storey
eXp Realty, LLC
Buyer's Agent
Stacy Butchart
ELEETE Real Estate
List Price
$925,000
Sold Price
$800,000
Premium/Discount to List
-$125,000
-13.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2013
Sold by
Buxton Millard M
Bought by
Brown Barrett D and Brown Susan G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
3.34%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gotta Blank Space Llc $91,000 None Listed On Document
Needleman Phillip M $800,000 First American Title
Brown Barrett D $275,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Needleman Phillip M $600,000
Previous Owner Brown Barrett D $206,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2021 11/29/21 Sold $800,000 -11.1% $159 / Sq Ft
09/10/2021 09/10/21 Pending -- -- --
07/19/2021 07/19/21 Price Changed $900,000 -2.7% $179 / Sq Ft
03/19/2021 03/19/21 For Sale $925,000 -- $184 / 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
2026 $4,270 $233,290 -- --
2025 $4,270 $226,500 -- --
2024 $4,233 $226,000 -- --
2023 $4,233 $225,500 $0 $0
2022 $3,804 $225,500 $0 $0
2021 $3,860 $224,570 $0 $0
2020 $3,727 $211,670 $0 $0
2019 $3,752 $211,590 $0 $0
2018 $3,745 $211,520 $0 $0
2017 $3,736 $211,450 $0 $0
2016 $4,306 $243,440 $0 $0
2015 $4,059 $236,350 $0 $0
2014 $4,823 $236,345 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21237788

Regional Multiple Listing Service (RMLS)

APN: R0784413