NOT LISTED FOR SALE

217 N Molalla Ave Molalla, OR 97038

Estimated Value: $486,000 - $601,000

1 Bed
1 Bath
1,884 Sq Ft
$296/Sq Ft Est. Value

Last Sold March 03, 2023

Last sale price $415,000 $220 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,308/month

167 Days on Market

Highlights

  • Storage
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of March 2023

Calling all investors! This centrally located mixed-use property is ready to go. The main home features hardwood flooring, new triple-pane windows, and will be vacant for you to occupy at closing. The separate duplex at the rear of the property has recently signed long-term leases at market rents. Plenty of storage around the property creates even more income potential. You don't want to miss this one!

Last Agent to Sell the Property

Max Breslau

eXp Realty, LLC License #201230579 Listed on: 08/05/2022

eXp Realty, LLC

Last Buyer's Agent

Max Breslau

eXp Realty, LLC License #201230579 Listed on: 08/05/2022

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,228

Year Built

  • Built in 1935

Lot Details

  • 6,708

Parking

  • Open Parking

Home Design

  • Composition Roof
  • Cement Siding
  • Cedar

Interior Spaces

  • 1,884 Sq Ft Home
  • 1-Story Property
  • Storage
  • Crawl Space

Schools

  • Molalla Elementary School
  • Molalla River Middle School
  • Molalla High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number 01097431

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $8,346
  • Gross Income $27,360
  • Net Operating Income $19,014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,228

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1935
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attached
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Cedar,CementSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Road Surface Type: Concrete, Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Open
  • Attached Garage: No

Utilities

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

Schools

  • Elementary School: Molalla
  • High School: Molalla
  • Middle Or Junior School: Molalla River

Lot Info

  • Zoning: C1
  • Parcel #: 01097431

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 3228.19

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 15.31
  • Annual Gross Income: 27360.0
  • Property Net Operating Income: 19014.0
  • Annual Operating Expense: 8346.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2022
Closed on
Mar 3, 2023
Sold by
Garifalakis Laura
Bought by
Johnson Michael G
Seller's Agent
Max Breslau
eXp Realty, LLC
Buyer's Agent
Max Breslau
eXp Realty, LLC
List Price
$419,000
Sold Price
$415,000
Premium/Discount to List
-$4,000
-0.95%
Views
117
Current Estimated Value
$557,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,035
Avg. Annual Appreciation
12.29%
Original Mortgage
$380,036
Outstanding Balance
$368,574
Interest Rate
6.15%
Mortgage Type
FHA
Estimated Equity
$188,461

Purchase Details

Listed on
Aug 2, 2019
Closed on
Dec 9, 2019
Sold by
Game Property Investments Llc
Bought by
Garifalakis Laura and Garifalakis Paul
Seller's Agent
Angela Lopez
BST Realty LLC
Buyer's Agent
Jamie Alves
eXp Realty, LLC
List Price
$330,000
Sold Price
$297,500
Premium/Discount to List
-$32,500
-9.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.93%
Original Mortgage
$223,125
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 2, 2008
Sold by
Game James A
Bought by
Game Property Investments Llc

Purchase Details

Closed on
Aug 3, 2006
Sold by
Wimsatt Wilbur D and Wimsatt Donna L
Bought by
Game James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.46%
Mortgage Type
Seller Take Back
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
Johnson Michael G $415,000 Fidelity National Title
Garifalakis Laura $297,500 Ticor Title Company Of Or
Game Property Investments Llc -- None Available
Game James A $250,000 Transnation Title Agency Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Michael G $85,000
Open Johnson Michael G $380,036
Previous Owner Garifalakis Laura $223,125
Previous Owner Game Property Investments Llc $145,000
Previous Owner Game James A $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2023 03/03/23 Sold $415,000 -1.0% $220 / Sq Ft
01/19/2023 01/19/23 Pending -- -- --
01/07/2023 01/07/23 For Sale $419,000 0.0% $222 / Sq Ft
12/20/2022 12/20/22 Pending -- -- --
09/19/2022 09/19/22 Price Changed $419,000 -6.7% $222 / Sq Ft
09/02/2022 09/02/22 Price Changed $449,000 -3.4% $238 / Sq Ft
08/17/2022 08/17/22 Price Changed $465,000 -3.1% $247 / Sq Ft
08/05/2022 08/05/22 For Sale $479,950 +61.3% $255 / Sq Ft
12/16/2019 12/16/19 Sold $297,500 -8.5% $158 / Sq Ft
10/23/2019 10/23/19 Pending -- -- --
09/04/2019 09/04/19 Price Changed $325,000 -1.5% $173 / Sq Ft
08/02/2019 08/02/19 For Sale $330,000 -- $175 / 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 $4,082 $214,058 -- --
2023 $4,082 $207,824 $0 $0
2022 $3,366 $201,771 $0 $0
2021 $3,228 $195,895 $0 $0
2020 $3,138 $190,190 $0 $0
2019 $3,047 $184,651 $0 $0
2018 $2,962 $179,273 $0 $0
2017 $2,840 $174,051 $0 $0
2016 $2,692 $168,982 $0 $0
2015 $2,616 $164,060 $0 $0
2014 $2,522 $159,282 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Max Breslau

    Seller's Agent in 2023

    Max Breslau

    eXp Realty, LLC

    (503) 939-8231

    24 Total Sales

    Max Breslau
    Section Image
  • Angela Lopez

    Seller's Agent in 2019

    Angela Lopez

    BST Realty LLC

    (503) 999-0245

    123 Total Sales

    Angela Lopez
    Section Image
  • Jamie Alves

    Buyer's Agent in 2019

    Jamie Alves

    eXp Realty, LLC

    (503) 348-0717

    58 Total Sales

    Jamie Alves
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22066972

Regional Multiple Listing Service (RMLS)

APN: 01097431

Oregon Clackamas County Molalla 97038

217 N Molalla Ave, Molalla, OR

This home is located at 217 N Molalla Ave, Molalla, OR 97038 since 05 August 2022 and is currently estimated at $557,035, approximately $295 per square foot. This property was built in 1935. 217 N Molalla Ave is a home located in Clackamas County with nearby schools including Molalla River Academy, Country Christian School, and Oregon Outreach - Molalla Pride.

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