NOT LISTED FOR SALE

218 SE 73rd Ave Unit 224 Portland, OR 97215

Mount Tabor Neighborhood

Estimated Value: $1,060,000 - $1,341,000

6 Beds
4 Baths
6,532 Sq Ft
$186/Sq Ft Est. Value

Last Sold January 13, 2017

Last sale price $915,000 $140 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,028/month

69 Days on Market

Highlights

  • Wood Flooring
  • Parking Storage or Cabinetry
  • Garage
  • Storage

About This Home

As of January 2017

Turnkey 4plex in highly sought after Mt Tabor neighborhood just blocks away from trendy SE Stark Street in Montavilla. Large 1bed & 2bed units with basements, garages, and new/refinished floors. Fully occupied and stabilized asset perfect for long term investors.

Last Agent to Sell the Property

Joseph Chaplik

Joseph Bernard LLC License #200411049 Listed on: 09/12/2016

Last Buyer's Agent

Emily Hetrick

Keller Williams Realty License #111509

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,791

Year Built

  • Built in 1954

Lot Details

  • 8,189

Parking

  • Garage
  • Parking Storage or Cabinetry

Home Design

  • Stone Siding

Interior Spaces

  • Storage
  • Washer and Dryer Hookup
  • Wood Flooring
  • Basement Storage
  • Range

Utilities

  • Electric Water Heater

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,791

Year Built

Built in 1954

Lot Details

0

Parking

6

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 6532
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Full Basement, Slab
  • Legal Description: ART SMITH TERR, BLOCK 2, LOT 1&2 TL 6800
  • Storage: Garage(s), Basement

Exterior Features

  • Exterior Description: Stone
  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 6
  • Parking Description: Paved, Garage

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Radiant
  • Utilities Included: Trash Collection, Sewer, Water

Condo/Co-op/Association

  • Unit Features: Hardwood Floors, Range, Refrigerator, Storage, Washer/Dryer Hookup

Schools

  • Elementary School: Bridger
  • High School: Madison

Lot Info

  • Zoning: R2

Tax Info

  • Tax Amount: 11125.09
  • Assessor Parcel Number: R109140

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 14.52

MLS Schools

  • Elementary School: Bridger
  • High School: Madison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2023
Sold by
Macdonald Jeffery L
Bought by
218 73Rd Llc
Current Estimated Value
$1,043,333

Purchase Details

Listed on
Sep 12, 2016
Closed on
Jan 9, 2017
Sold by
Mayer Group Llc
Bought by
Macdonald Jeffery L
Seller's Agent
Joseph Chaplik
Joseph Bernard LLC
Buyer's Agent
Emily Hetrick
Keller Williams Realty
List Price
$949,000
Sold Price
$915,000
Premium/Discount to List
-$34,000
-3.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.42%
Original Mortgage
$686,250
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2016
Sold by
Mayer Stephen
Bought by
Mayer Group Llc

Purchase Details

Listed on
Nov 18, 2013
Closed on
Jun 19, 2014
Sold by
Lee Michael
Bought by
Mayer Stephen
Seller's Agent
Joseph Chaplik
Joseph Bernard LLC
Buyer's Agent
Joseph Chaplik
Joseph Bernard LLC
List Price
$770,000
Sold Price
$730,000
Premium/Discount to List
-$40,000
-5.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.17%
Original Mortgage
$474,500
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 30, 2008
Sold by
Lee Lai Ha
Bought by
Lee Michael and Lee George Wah

Purchase Details

Closed on
Dec 31, 2007
Sold by
Lee Lai Ha
Bought by
Lee Michael and Lee George Wah

Purchase Details

Closed on
Dec 31, 2003
Sold by
Lee Donna H and Lee Michael
Bought by
Lee Donna H and Lee Michael
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
218 73Rd Llc -- --
Macdonald Jeffery L $915,000 Wfg Title
Mayer Group Llc -- None Available
Mayer Stephen $730,000 Wfg Title
Lee Michael -- None Available
Lee Michael -- None Available
Lee Donna H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Macdonald Jeffrey L $655,722
Previous Owner Macdonald Jeffery L $686,250
Previous Owner Mayer Stephen $474,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2017 01/13/17 Sold $915,000 -3.6% $140 / Sq Ft
11/20/2016 11/20/16 Pending -- -- --
09/12/2016 09/12/16 For Sale $949,000 +30.0% $145 / Sq Ft
06/27/2014 06/27/14 Sold $730,000 -5.2% $113 / Sq Ft
05/05/2014 05/05/14 Pending -- -- --
11/18/2013 11/18/13 For Sale $770,000 -- $119 / 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 $15,791 $595,930 $0 $0
2022 $15,449 $578,580 $0 $0
2021 $15,188 $561,730 $0 $0
2020 $13,933 $545,370 $0 $0
2019 $13,420 $529,490 $0 $0
2018 $13,026 $514,070 $0 $0
2017 $12,484 $499,100 $0 $0
2016 $11,425 $484,570 $0 $0
2015 $11,125 $470,460 $0 $0
2014 $10,957 $456,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Joseph Chaplik

    Joseph Bernard LLC

  • E

    Buyer's Agent in 2017

    Emily Hetrick

    Keller Williams Realty

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 16636168

Regional Multiple Listing Service (RMLS)

APN: R109140

Oregon Multnomah County Portland 97215 Mount Tabor

218 SE 73rd Ave Unit 224, Portland, OR

This home is located at 218 SE 73rd Ave Unit 224, Portland, OR 97215 since 12 September 2016 and is currently estimated at $1,217,171, approximately $186 per square foot. This property was built in 1954. 218 SE 73rd Ave Unit 224 is a home located in Multnomah County with nearby schools including Vestal Elementary School, Leodis V. McDaniel High School, and Portland Arthur Academy.

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