NOT LISTED FOR SALE

Estimated Value: $830,715 - $876,000

7 Beds
4 Baths
3,306 Sq Ft
$256/Sq Ft Est. Value

Last Sold March 14, 2022

Last sale price $840,000 $254 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,214/month

34 Days on Market

About This Home

As of March 2022

Super clean and tidy 4-plex located in Portland's rising Piedmont District. This property is a corner lot, offering an abundance of off street parking, and yet right on the Vancouver Avenue bus lines too. The building features like new siding, newer membrane roof, new stair case railings and paint, and onsite laundry room too. The grounds are very simple to maintain, and the units have been updated over time, as tenancies turn. Income is solid and yet rents still have room to grow too.

Last Agent to Sell the Property

Chris Johnson

CORE, Realtors License #930700182 Listed on: 01/07/2022

Last Buyer's Agent

Melissa Dorman

Living Room Realty License #201222278

Living Room Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,374

Year Built

  • Built in 1965

Lot Details

  • Corner Lot
  • Level Lot

Home Design

  • Concrete Perimeter Foundation
  • Wood Composite

Interior Spaces

  • 2-Story Property
  • Window Treatments
  • Crawl Space
  • Range

Parking

  • Paved Parking
  • Open Parking

Utilities

  • Electric Water Heater
  • High Speed Internet

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,374

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3306
  • Stories: 2
  • Year Built: 1965
  • Property Condition: Approximately
  • Remarks Public: Super clean and tidy 4-plex located in Portland's rising Piedmont District. This property is a corner lot, offering an abundance of off street parking, and yet right on the Vancouver Avenue bus lines too. The building features like new siding, newer membrane roof, new stair case railings and paint, and onsite laundry room too. The grounds are very simple to maintain, and the units have been updated over time, as tenancies turn. Income is solid and yet rents still have room to grow too.
  • Unreinforced Masonry Building: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: GEM ADD, BLOCK 6, LOT 1
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Wood Composite
  • Lot Size: 5K-6,999SF
  • Roof Type: Flat
  • Foundation Details: Concrete Perimeter
  • Road Surface: Unimproved, Paved

Garage/Parking

  • Parking Description: Open, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public Water
  • Heating Description: Zoned
  • Internet Service Type: Cable
  • Security: None

Condo/Co-op/Association

  • Unit Features: Range, Refrigerator, Window Coverings

Schools

  • Elementary School: Chief Joseph
  • Middle School: Ockley Green
  • High School: Jefferson

Lot Info

  • Lot Description: Corner Lot, Level
  • Zoning: RM2h

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 6256.47
  • Assessor Parcel Number: R168343
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 15.54

MLS Schools

  • Elementary School: Chief Joseph
  • High School: Jefferson
  • Middle School: Ockley Green

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2022
Closed on
Mar 11, 2022
Sold by
Hanks Rentals-Dekum Llc
Bought by
Kavanagh Jake and Heekin Alyssa
Seller's Agent
Chris Johnson
CORE, Realtors
Buyer's Agent
Melissa Dorman
Living Room Realty
List Price
$825,000
Sold Price
$840,000
Premium/Discount to List
$15,000
1.82%
Current Estimated Value
$845,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,679
Avg. Annual Appreciation
0.19%
Original Mortgage
$798,000
Outstanding Balance
$746,922
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$98,757

Purchase Details

Closed on
Aug 21, 2018
Sold by
Hanks Rentals Dekum Llc
Bought by
Hanks Jeffrey Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2016
Sold by
Hanks Jeffrey S
Bought by
Hanks Rentals Dekum Llc

Purchase Details

Closed on
Nov 11, 2005
Sold by
Willis Laurie
Bought by
Hanks Jeffrey S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,150
Interest Rate
5.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 7, 2004
Sold by
Dunning Patricia
Bought by
Willis Laurie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,920
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 2003
Sold by
Oliver Leonard E
Bought by
Dunning Patricia and Dunning Charles

Purchase Details

Closed on
Aug 19, 2003
Sold by
Oliver Leonard E
Bought by
Dunning Patricia and Dunning Charles

Purchase Details

Closed on
Aug 18, 2003
Sold by
Oliver Leonard E
Bought by
Dunning Patricia and Dunning Charles

Purchase Details

Closed on
Dec 23, 2002
Sold by
Nepom David R
Bought by
Oliver Cindy
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
Kavanagh Jake $840,000 First American Title
Hanks Jeffrey Scott -- First American Title
Hanks Rentals Dekum Llc -- None Available
Hanks Jeffrey S $351,000 Transnation Title Agency Or
Willis Laurie $289,900 Transnation Title Agency Or
Dunning Patricia $210,000 Transnation
Dunning Patricia $210,000 Transnation
Dunning Patricia $210,000 Transnation
Oliver Cindy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kavanagh Jake $798,000
Previous Owner Hanks Jeffrey Scott $343,000
Previous Owner Hanks Jeffrey S $228,150
Previous Owner Willis Laurie $231,920
Closed Willis Laurie $57,980
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2022 03/14/22 Sold $840,000 +1.8% $254 / Sq Ft
02/10/2022 02/10/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $825,000 0.0% $250 / Sq Ft
01/15/2022 01/15/22 Pending -- -- --
01/07/2022 01/07/22 For Sale $825,000 -- $250 / 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 $7,374 $275,610 -- --
2023 $7,091 $267,590 $0 $0
2022 $6,937 $259,800 $0 $0
2021 $6,820 $252,240 $0 $0
2020 $6,256 $244,900 $0 $0
2019 $6,027 $237,770 $0 $0
2018 $5,849 $230,850 $0 $0
2017 $5,606 $224,130 $0 $0
2016 $5,131 $217,610 $0 $0
2015 $4,996 $211,280 $0 $0
2014 $4,921 $205,130 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22289754

Regional Multiple Listing Service (RMLS)

APN: R168343