NOT LISTED FOR SALE

2043 SE 16th Ave Unit 2055 Portland, OR 97214

Hosford-Abernethy Neighborhood

Estimated Value: $696,000 - $942,914

4 Beds
4 Baths
2,598 Sq Ft
$330/Sq Ft Est. Value

Last Sold April 26, 2015

Last sale price $785,000 $302 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,589/month

34 Days on Market

Highlights

  • Wood Flooring
  • Detached Garage
  • Storage
  • Abernethy Elementary School Rated 10
  • Views
  • 1-minute walk to Ladd Circle Park

About This Home

As of April 2015

Highly Desirable Ladds Addition, last sold 1988. Solidly performing investment rental. Full market rents conservatively est. @ $1250+ per unit, hence significant NOI upside. Large units with basements. Seller completing 1031 exchange (see private remarks). Offers due 2/6 5PM. Walk-through to be 2/10/15, Noon-4:00 PM for best 5 offers! Prospective buyers will have the opportunity to revise offer after the walk-through.

Last Agent to Sell the Property

Mike Carlson

Realty Yield License #200201171 Listed on: 01/09/2015

Last Buyer's Agent

Tom Ramsey

John L Scott Portland SW License #200208048

John L Scott Portland SW

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,412

Year Built

  • Built in 1924

Lot Details

  • Level Lot
  • Landscaped with Trees

Parking

  • Detached Garage

Home Design

  • Lap Siding

Interior Spaces

  • 2-Story Property
  • Storage
  • Washer and Dryer
  • Wood Flooring
  • Property Views

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,412

Year Built

Built in 1924

Lot Details

0

Parking

3

Listing Details

  • Property Category: MultiFamily
  • Stories: 2
  • Year Built: 1924
  • Year Built Description: Approximately
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Full Basement, Unfinished, Storage Space
  • Legal Description: LADDS ADD, BLOCK 1, LOT 19
  • Storage: Garage(s), Basement

Exterior Features

  • Exterior Description: Lap Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Shingle
  • View: Trees/Woods
  • View: Yes

Garage/Parking

  • Garage Or Parking Spaces: 3
  • Parking Description: Detached, Garage

Utilities

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

Condo/Co-op/Association

  • Unit Features: Hardwood Floors, Storage, Washer/Dryer

Schools

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

Lot Info

  • Lot Description: Level, Trees
  • Zoning: R1 MF

Tax Info

  • Tax Amount: 8966.30
  • Assessor Parcel Number: R200132

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 15.23

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2015
Closed on
May 27, 2015
Sold by
Laird Property Management Inc
Bought by
Laird 2043 Se 16Th Spe Llc
Seller's Agent
Mike Carlson
Realty Yield
Buyer's Agent
Tom Ramsey
John L Scott Portland SW
List Price
$699,000
Sold Price
$785,000
Premium/Discount to List
$86,000
12.3%
Total Days on Market
34
Current Estimated Value
$858,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,305
Avg. Annual Appreciation
0.89%

Purchase Details

Listed on
Jan 9, 2015
Closed on
Apr 24, 2015
Sold by
Livingston Peter
Bought by
Laird Douglas A and Laird Joan G
Seller's Agent
Mike Carlson
Realty Yield
Buyer's Agent
Tom Ramsey
John L Scott Portland SW
List Price
$699,000
Sold Price
$785,000
Premium/Discount to List
$86,000
12.3%

Purchase Details

Closed on
Dec 31, 2012
Sold by
Livingston Peter
Bought by
Livington Peter and Peter Livingston Revocable Living Trust
Source: Public Records

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Range of Values:

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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
Laird 2043 Se 16Th Spe Llc -- None Available
Laird 2043 Se 16Th Spe Llc -- None Available
Laird Property Management Inc -- None Available
Laird Douglas A $785,000 Chicago Title
Livington Peter -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2015 04/26/15 Sold $785,000 +12.3% $302 / Sq Ft
02/12/2015 02/12/15 Pending -- -- --
01/09/2015 01/09/15 For Sale $699,000 -- $269 / 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
2023 $12,412 $468,410 $0 $0
2022 $12,143 $454,770 $0 $0
2021 $12,428 $459,640 $0 $0
2020 $11,401 $446,260 $0 $0
2019 $10,982 $433,270 $0 $0
2018 $10,659 $420,660 $0 $0
2017 $10,216 $408,410 $0 $0
2016 $9,349 $396,520 $0 $0
2015 $9,104 $384,980 $0 $0
2014 -- $373,770 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Carlson

    Seller's Agent in 2015

    Mike Carlson

    Realty Yield

    Section Image
  • Tom Ramsey

    Buyer's Agent in 2015

    Tom Ramsey

    John L Scott Portland SW

    (503) 481-0501

    119 Total Sales

    Tom Ramsey
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 15428418

Regional Multiple Listing Service (RMLS)

APN: R200132

Oregon Multnomah County Portland 97214 Hosford-Abernethy

2043 SE 16th Ave Unit 2055, Portland, OR

This home is located at 2043 SE 16th Ave Unit 2055, Portland, OR 97214 since 09 January 2015 and is currently estimated at $858,305, approximately $330 per square foot. This property was built in 1924. 2043 SE 16th Ave Unit 2055 is a home located in Multnomah County with nearby schools including Abernethy Elementary School, Hosford Middle School, and Cleveland High School.

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