NOT LISTED FOR SALE

20689 NW Lapine Way Portland, OR 97229

West Union Neighborhood

Estimated Value: $654,000 - $757,000

2 Beds
4 Baths
2,904 Sq Ft
$245/Sq Ft Est. Value

Last Sold August 18, 2023

Last sale price $659,000 $227 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,348/month

59 Days on Market

Highlights

  • Golf Course Community
  • Golf Course View
  • 4 Car Attached Garage
  • Lenox Elementary School Rated 9+
  • Corner Lot
  • Forced Air Heating System

About This Home

As of August 2023

High quality duplex overlooks 5th green of Rock Creek Golf Course & backs to green space. Great investment opportunity for this well maintained Rock Creek duplex! Excellent owner-occupied potential. Sit-back and enjoy the stunning views from the privacy of your patio. Newer roof, cedar siding, forced air gas heating, fireplace, garage, newer carpet. Newer exterior paint. What a location! Both units have bedrooms on 2nd floor. Primary bedroom enjoys half bath and walk-in closet. Each unit has a nice sized yard & a single car garage with storage space above garage, forced air gas heat, wood burning fireplace, double sliders to backyard with expansive views. Unit 20689 backyard is fenced. Newer exterior paint and roof. Laminate floors on main floor at unit 20689 and newer carpet for both units. Recently updated crawlspace protection with new sump pump. Schools are nearby. Please do not disturb tenants without appointment. Drive-bys are ok but please do not walk the property without appointment.

Last Agent to Sell the Property

Eric Cavanaugh

Nurture Realty, LLC License #200603148 Listed on: 05/18/2023

Last Buyer's Agent

Gary Larson

Soldera Properties, Inc License #931200266

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,260

Year Built

  • Built in 1982

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • 4 Car Attached Garage

Property Views

  • Golf Course
  • Territorial

Home Design

  • Composition Roof
  • Lap Siding
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 2,904 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Schools

  • Lenox Elementary School
  • Cedar Park Middle School
  • Glencoe High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R663311

Community Details

Overview

  • 2 Units
  • Rock Creek Highlands Subdivision

Recreation

  • Golf Course Community

Building Details

  • Operating Expense $15,340
  • Gross Income $21,600
  • Net Operating Income $21,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,260

Year Built

Built in 1982

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1982
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attached,Garage
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: Cedar,LapSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: CornerLot, GolfCourse, Level
  • Road Surface Type: Concrete, Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: GolfCourse,Territorial

Garage/Parking

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

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas,Tank
  • Internet Service Type: Cable
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Lenox
  • High School: Glencoe
  • Middle Or Junior School: Cedar Park

Lot Info

  • Zoning: Unk.
  • Parcel #: R663311

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 6259.66

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 30.51
  • Annual Gross Income: 21600.0
  • Property Net Operating Income: 21600.0
  • Annual Operating Expense: 15340.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2023
Closed on
Jul 19, 2023
Sold by
Cavanaugh Eric F and Cavanaugh Julie B
Bought by
Chinnam Srimanth R
Seller's Agent
Eric Cavanaugh
Nurture Realty, LLC
Buyer's Agent
Gary Larson
Soldera Properties, Inc
List Price
$659,000
Sold Price
$659,000
Views
184
Current Estimated Value
$712,053

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,053
Avg. Annual Appreciation
3.74%
Original Mortgage
$461,300
Outstanding Balance
$450,336
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$261,717

Purchase Details

Closed on
Jun 2, 2005
Sold by
Melrose Albert J and Melrose Marilyn J
Bought by
Cavanaugh Eric F and Cavanaugh Julie B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Chinnam Srimanth R $659,000 First American Title
Cavanaugh Eric F $310,000 First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chinnam Srimanth R $461,300
Previous Owner Cavanaugh Eric F $248,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2023 08/18/23 Sold $659,000 0.0% $227 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
07/10/2023 07/10/23 For Sale $659,000 0.0% $227 / Sq Ft
06/27/2023 06/27/23 Pending -- -- --
06/16/2023 06/16/23 Price Changed $659,000 -2.9% $227 / Sq Ft
05/18/2023 05/18/23 For Sale $679,000 -- $234 / 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 $6,872 $404,310 -- --
2024 $6,483 $392,540 -- --
2023 $6,483 $381,110 $0 $0
2022 $6,260 $381,110 $0 $0
2021 $6,145 $359,240 $0 $0
2020 $6,009 $348,780 $0 $0
2019 $5,834 $338,630 $0 $0
2018 $5,591 $328,770 $0 $0
2017 $5,383 $319,200 $0 $0
2016 $5,244 $309,910 $0 $0
2015 $5,036 $300,890 $0 $0
2014 $4,931 $292,130 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Eric Cavanaugh

    Seller's Agent in 2023

    Eric Cavanaugh

    Nurture Realty, LLC

    (503) 389-0016

    1 in this area

    69 Total Sales

    Eric Cavanaugh
    Section Image

  • G

    Buyer's Agent in 2023

    Gary Larson

    Soldera Properties, Inc

    1 in this area

    30 Total Sales

    Gary Larson
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23075620

Regional Multiple Listing Service (RMLS)

APN: R0663311

Oregon Washington County Portland 97229 West Union

20689 NW Lapine Way, Portland, OR

This home is located at 20689 NW Lapine Way, Portland, OR 97229 since 18 May 2023 and is currently estimated at $712,053, approximately $245 per square foot. This property was built in 1982. 20689 NW Lapine Way is a home located in Washington County with nearby schools including Lenox Elementary School, J.W. Poynter Middle School, and Liberty High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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