NOT LISTED FOR SALE

223 NE 78th Ave Unit 227 Portland, OR 97213

Montavilla Neighborhood

Estimated Value: $763,000 - $901,202

6 Beds
3 Baths
2,424 Sq Ft
$349/Sq Ft Est. Value

Last Sold October 30, 2023

Last sale price $849,500 $350 Per Sq Ft

Current estimated payment $5,297/month

14 Days on Market

Highlights

  • Corner Lot
  • Radiant Heating System
  • 1-Story Property
  • Lap Siding

About This Home

As of October 2023

Great 3-plex in the Montavilla/Tabor area. Each unit is 2 bedroom & 1 bath. Great rental income and solid tenants. CAP is 5.8%!

Last Agent to Sell the Property

Greg Whistler

Premiere Property Group, LLC License #940700095 Listed on: 08/29/2023

Premiere Property Group, LLC

Co-Listed By

Brian Whistler

Premiere Property Group, LLC License #201225531

Last Buyer's Agent

Andrew Galler

Realty Works Group License #200112048

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,364

Year Built

  • Built in 1964

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • 3 Car Garage

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Lap Siding
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,424 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

  • Vestal Elementary School
  • Harrison Park Middle School
  • Leodis Mcdaniel High School

Utilities

  • No Cooling
  • Radiant Heating System
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R222300

Community Details

Overview

  • 3 Units
  • Mt. Tabor Villa Subdivision

Amenities

  • Common Area

Building Details

  • Operating Expense $17,533
  • Gross Income $67,057
  • Net Operating Income $49,524

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,364

Year Built

Built in 1964

Lot Details

0

Parking

3

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1964
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Brick,LapSiding,T111Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, Level
  • Road Surface Type: Gravel, Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Total Parking Spaces: 3.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Commons

Schools

  • Elementary School: Vestal
  • High School: Leodis McDaniel
  • Middle Or Junior School: Harrison Park

Lot Info

  • Zoning: R5a
  • Parcel #: R222300

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 7363.69

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 12.67
  • Annual Gross Income: 67057.0
  • Property Net Operating Income: 49524.0
  • Annual Operating Expense: 17533.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2023
Closed on
Oct 27, 2023
Sold by
Sassalos Anna M
Bought by
Heine Margaret
Seller's Agent
Greg Whistler
Premiere Property Group, LLC
Buyer's Agent
Andrew Galler
Realty Works Group
List Price
$849,500
Sold Price
$849,500
Views
5
Current Estimated Value
$845,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,949
Avg. Annual Appreciation
-1.94%
Original Mortgage
$637,125
Outstanding Balance
$628,135
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$192,433

Purchase Details

Closed on
May 17, 2016
Sold by
Davis Anthony H
Bought by
Sassalos Anna M

Purchase Details

Listed on
Jan 9, 2012
Closed on
Feb 28, 2012
Sold by
Blender Erik J
Bought by
Sassalos Anna M and Davis Anthony H
Seller's Agent
Erik Blender
MORE Realty
Buyer's Agent
Amy Morrison
Premiere Property Group, LLC
List Price
$425,000
Sold Price
$410,000
Premium/Discount to List
-$15,000
-3.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.36%
Original Mortgage
$391,678
Interest Rate
3.84%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 9, 2012
Closed on
Feb 24, 2012
Sold by
Alexander Violetta Tahmina Jaya
Bought by
Blender Erik
Seller's Agent
Erik Blender
MORE Realty
Buyer's Agent
Amy Morrison
Premiere Property Group, LLC
List Price
$425,000
Sold Price
$410,000
Premium/Discount to List
-$15,000
-3.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,678
Interest Rate
3.84%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 7, 2011
Sold by
Blender Erik J and Alexander Violetta Tahmina Jaya
Bought by
Blender Erik J and Alexander Violetta Tahmina Jaya

Purchase Details

Closed on
Apr 26, 2007
Sold by
V Insight Properties Llc
Bought by
Blender Erik J and Blender Violetta A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,250
Interest Rate
6.14%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 2, 2006
Sold by
Nelson F Carole and Bayle Gynna A
Bought by
V Insight Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
6.52%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 16, 2006
Sold by
Bayle Gynna A
Bought by
Bayle Gynna A and Nelson Carole F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
6.52%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 9, 2004
Sold by
Weston Investment Co Llc
Bought by
Nelson F Carole and Bayle Gynna A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,125
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 20, 2004
Sold by
Weston Joseph E
Bought by
Weston Investment Co Llc
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
Heine Margaret $849,500 Lawyers Title
Sassalos Anna M -- Ticor Title
Sassalos Anna M $410,000 Wfg Title
Blender Erik -- Wfg Title
Blender Erik J -- None Available
Blender Erik J $387,999 Ticor Title Insurance Compan
V Insight Properties Llc $345,000 None Available
Bayle Gynna A -- Fidelity National Title
Bayle Gynna A -- Fidelity National Title
Nelson F Carole $281,500 Stewart Title
Weston Investment Co Llc -- Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heine Margaret $637,125
Previous Owner Sassalos Anna M $365,000
Previous Owner Sassalos Anna M $391,678
Previous Owner Blender Erik J $391,737
Previous Owner Blender Erik J $57,250
Previous Owner Blender Erik J $286,500
Previous Owner Bayle Gynna A $276,000
Previous Owner Nelson F Carole $211,125
Closed Nelson F Carole $42,225
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2023 10/30/23 Sold $849,500 0.0% $350 / Sq Ft
09/13/2023 09/13/23 Pending -- -- --
08/29/2023 08/29/23 For Sale $849,500 +107.2% $350 / Sq Ft
04/19/2012 04/19/12 Sold $410,000 -3.5% $169 / Sq Ft
02/21/2012 02/21/12 Pending -- -- --
01/09/2012 01/09/12 For Sale $425,000 -- $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
2023 $7,527 $284,040 $0 $0
2022 $7,364 $275,770 $0 $0
2021 $7,239 $267,740 $0 $0
2020 $6,641 $259,950 $0 $0
2019 $6,397 $252,380 $0 $0
2018 $6,209 $245,030 $0 $0
2017 $5,951 $237,900 $0 $0
2016 $5,446 $230,980 $0 $0
2015 $5,303 $224,260 $0 $0
2014 $5,223 $217,730 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Greg Whistler

    Seller's Agent in 2023

    Greg Whistler

    Premiere Property Group, LLC

    (503) 936-3495

    1 in this area

    76 Total Sales

    Section Image
  • Brian Whistler

    Seller Co-Listing Agent in 2023

    Brian Whistler

    Premiere Property Group, LLC

    (503) 349-9084

    1 in this area

    87 Total Sales

    Section Image

  • A

    Buyer's Agent in 2023

    Andrew Galler

    Realty Works Group

    (503) 975-1829

    4 in this area

    215 Total Sales

    Section Image

  • E

    Seller's Agent in 2012

    Erik Blender

    MORE Realty

    Section Image

  • A

    Buyer's Agent in 2012

    Amy Morrison

    Premiere Property Group, LLC

    (503) 939-7840

    10 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23371010

Regional Multiple Listing Service (RMLS)

APN: R222300

Oregon Multnomah County Portland 97213 Montavilla

223 NE 78th Ave Unit 227, Portland, OR

This home is located at 223 NE 78th Ave Unit 227, Portland, OR 97213 since 29 August 2023 and is currently estimated at $845,551, approximately $348 per square foot. This property was built in 1964. 223 NE 78th Ave Unit 227 is a home located in Multnomah County with nearby schools including Vestal Elementary School, Leodis V. McDaniel High School, and Portland Arthur Academy.

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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