NOT LISTED FOR SALE

Estimated Value: $755,000 - $839,000

7 Beds
4 Baths
2,810 Sq Ft
$284/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $645,000 $230 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,879/month

12 Days on Market

About This Home

As of August 2020

Easy to rent fourplex, zero vacancy in the last 4 years. Blocks to Pacific University. Luxury vinyl flooring, low maintenance. New interior and exterior paint. Live in one and rent out the rest to cover mortgage. Rents at $4350 for all 4 units! All tenants are paying during Covid-19. Great investment!

Last Listed By

Tony Ngo

Real Estate Performance Group License #200604339 Listed on: 07/02/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,120

Year Built

  • Built in 1930

Lot Details

  • 9,148

Home Design

  • Wood Siding

Kitchen

  • Range
  • Dishwasher
  • Disposal

Additional Features

  • Crawl Space
  • Level Lot
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes trash collection, water, ground maintenance

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,120

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Year Built: 1930
  • Property Condition: Existing
  • Remarks Public: Easy to rent fourplex, zero vacancy in the last 4 years. Blocks to Pacific University. Luxury vinyl flooring, low maintenance. New interior and exterior paint. Live in one and rent out the rest to cover mortgage. Rents at $4350 for all 4 units! All tenants are paying during Covid-19. Great investment!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: NAYLOR'S ADDITION, BLOCK 4, LOT PT 1
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Roof Type: Composition

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Radiant

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Unit Features: Dishwasher, Disposal, Range, Refrigerator, Washer/Dryer Hookup

Schools

  • Elementary School: Harvey Clark
  • Middle School: Neil Armstrong
  • High School: Forest Grove

Lot Info

  • Lot Description: Level
  • Zoning: R14
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Rental Info

  • Rent Includes: Trash Collection, Water, Maintenance Grounds

Tax Info

  • Tax Amount: 4021.00
  • Assessor Parcel Number: R0783129
  • Tax Year: 2019

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.69

MLS Schools

  • Elementary School: Harvey Clark
  • High School: Forest Grove
  • Middle School: Neil Armstrong

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2020
Closed on
Aug 14, 2020
Sold by
Powell Jason and Powell Maria
Bought by
Truong Thoa and Truong C
Seller's Agent
Tony Ngo
Real Estate Performance Group
Buyer's Agent
Tony Ngo
Real Estate Performance Group
List Price
$650,000
Sold Price
$645,000
Premium/Discount to List
-$5,000
-0.77%
Total Days on Market
12
Current Estimated Value
$799,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,134
Avg. Annual Appreciation
3.25%
Original Mortgage
$612,750
Outstanding Balance
$558,742
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$192,556

Purchase Details

Closed on
Jan 4, 2018
Sold by
Juden Eric A
Bought by
Mitglq Investors Lp

Purchase Details

Closed on
Oct 20, 2016
Sold by
Scali Sheryl L
Bought by
Powell Jason and Powell Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,531
Interest Rate
3.48%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 10, 2003
Sold by
Wells Fargo Home Mortgage Inc
Bought by
Hud

Purchase Details

Closed on
Jun 4, 2003
Sold by
Vargas Glenn
Bought by
Scali Sheryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,500
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 2001
Sold by
Shipley Kenneth L and Shipley Linda D
Bought by
Scali Sheryl L and Vargas Glenn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 22, 1997
Sold by
Johnson Marshall J and Johnson Maxine H
Bought by
Shipley Kenneth L and Shipley Linda D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,375
Interest Rate
9.98%
Mortgage Type
Purchase Money Mortgage

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
Truong Thoa $645,000 Fidelity Natl Ttl Co Of Or
Mitglq Investors Lp $177,787 None Available
Powell Jason $329,500 First American
Hud $116,666 Fatco
Scali Sheryl L -- Fidelity Natl Title Co Of Or
Scali Sheryl L $195,000 Fidelity National Title Co
Shipley Kenneth L $150,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Truong Thoa $612,750
Previous Owner Powell Jason $69,500
Previous Owner Powell Jason $42,500
Previous Owner Powell Jason $323,531
Previous Owner Scali Sheryl L $137,514
Previous Owner Scali Sheryl L $162,500
Previous Owner Scali Sheryl L $156,000
Previous Owner Shipley Kenneth L $176,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $645,000 -0.8% $230 / Sq Ft
07/14/2020 07/14/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $650,000 -- $231 / 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 $5,120 $279,160 -- --
2024 $4,940 $271,030 -- --
2023 $4,940 $263,140 $0 $0
2022 $4,319 $263,140 $0 $0
2021 $4,263 $248,040 $0 $0
2020 $4,240 $240,820 $0 $0
2019 $4,146 $233,810 $0 $0
2018 $4,019 $227,000 $0 $0
2017 $3,894 $220,390 $0 $0
2016 $3,785 $213,980 $0 $0
2015 $3,639 $207,750 $0 $0
2014 $3,622 $201,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20600613

Regional Multiple Listing Service (RMLS)

APN: R0783129