$747,500
SOLD NOV 13, 2020
6 Beds
4 Baths
2,486 Sq Ft
8,320 Sq Ft Lot

Recently Sold

$301 Per Sq Ft

430 Days on Market

Highlights

  • Waterfront
  • Corner Lot
  • Storage
  • Deck
  • Views
  • Guest Parking

About This Home

As of November 2020

Updated 4 plex with long term renters who enjoy fabulous river and sunset views. The garages are in high demand in this upscale riverfront community. The CM2 zoning allows a wide range of commercial and residential uses. This turnkey property provides good cash flow and is ideal for future river view development. Take a drive and stroll on the levy to appreciate this tremendous opportunity.

Last Agent to Sell the Property

Randy Schumock

John L Scott Portland SW License #910200137 Listed on: 05/15/2019

John L Scott Portland SW

Last Buyer's Agent

Benjamin Ficker

Keller Williams Sunset Corridor License #200412166

Keller Williams Sunset Corridor

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,940

Year Built

  • Built in 1956 | Remodeled

Lot Details

  • Waterfront
  • Corner Lot

Home Design

  • Slab Foundation
  • Block Exterior

Interior Spaces

  • Storage
  • Range
  • Property Views

Parking

  • Garage
  • Guest Parking

Additional Features

  • Deck
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,940

Year Built

Built in 1956 | Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2486
  • Year Built: 1956
  • Property Condition: Updated/Remodeled
  • Remarks Public: Updated 4 plex with long term renters who enjoy fabulous river and sunset views. The garages are in high demand in this upscale riverfront community. The CM2 zoning allows a wide range of commercial and residential uses. This turnkey property provides good cash flow and is ideal for future river view development. Take a drive and stroll on the levy to appreciate this tremendous opportunity.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: BRIDGETON, BLOCK 3, LOT 1-3
  • Storage: Attached, Garage(s)

Exterior Features

  • Exterior Description: Block
  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Metal
  • View: River, Territorial
  • Waterfront Description: River Front
  • Waterfront: Yes
  • Water Name: Columbia River
  • Foundation Details: Slab
  • View: Yes

Garage/Parking

  • Parking Description: Guest, Garage

Utilities

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

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Common Amenities: Laundry
  • Unit Features: Deck, Range, Refrigerator, Storage, Window Coverings

Schools

  • Elementary School: Faubion
  • Middle School: Faubion
  • High School: Jefferson
  • School High2: Roosevelt

Lot Info

  • Lot Description: Corner Lot
  • Zoning: CM2
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 3932.82
  • Assessor Parcel Number: R121097
  • Tax Year: 2017

Multi Family

  • Unit Type: 1, 2, 3, 4, 5, 6, 7, 8
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 16.16

MLS Schools

  • Elementary School: Faubion
  • High School: Jefferson
  • Middle School: Faubion

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2019
Closed on
Oct 15, 2020
Sold by
Wilkerson Kermit
Bought by
Speer Daniel
Seller's Agent
Randy Schumock
John L Scott Portland SW
Buyer's Agent
Benjamin Ficker
Keller Williams Sunset Corridor
List Price
$750,000
Sold Price
$747,500
Premium/Discount to List
-$2,500
-0.33%
Current Estimated Value
$791,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,306
Avg. Annual Appreciation
1.71%
Original Mortgage
$518,000
Outstanding Balance
$465,134
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$344,707

Purchase Details

Listed on
Jan 9, 2014
Closed on
May 15, 2014
Sold by
Double B Llc
Bought by
Wilkerson Kermit
Seller's Agent
Joseph Chaplik
Joseph Bernard LLC
Buyer's Agent
Randy Schumock
John L Scott Portland SW
List Price
$350,000
Sold Price
$342,750
Premium/Discount to List
-$7,250
-2.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.75%
Original Mortgage
$332,925
Interest Rate
4.38%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 29, 2007
Sold by
Buckley William T
Bought by
Double B Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 2007
Sold by
Engles James W
Bought by
Double B Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 2004
Sold by
Peterson Donald L
Bought by
Buckley William T and Buckley Bonnie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
2%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $747,500 Fidelity Natl Ttl Co Of Or
Warranty Deed $350,000 Wfg Title
Bargain Sale Deed -- Lawyers Title Ins
Special Warranty Deed -- Lawyers Title Ins
Warranty Deed $285,000 First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $518,000 New Conventional
Previous Owner $519,840 FHA
Previous Owner $332,925 FHA
Previous Owner $400,000 Commercial
Previous Owner $202,000 Purchase Money Mortgage
Closed $25,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2020 11/13/20 Sold $747,500 -0.3% $301 / Sq Ft
07/18/2020 07/18/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $750,000 0.0% $302 / Sq Ft
02/16/2020 02/16/20 Pending -- -- --
07/20/2019 07/20/19 Price Changed $750,000 -6.3% $302 / Sq Ft
06/21/2019 06/21/19 Price Changed $800,000 -5.9% $322 / Sq Ft
06/03/2019 06/03/19 Price Changed $850,000 -10.5% $342 / Sq Ft
05/15/2019 05/15/19 For Sale $950,000 +177.2% $382 / Sq Ft
05/16/2014 05/16/14 Sold $342,750 -2.1% $137 / Sq Ft
03/28/2014 03/28/14 Pending -- -- --
01/09/2014 01/09/14 For Sale $350,000 -- $140 / 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 $4,940 $179,350 $0 $0
2022 $4,877 $174,130 $0 $0
2021 $4,757 $169,060 $0 $0
2020 $4,377 $164,140 $0 $0
2019 $4,208 $159,360 $0 $0
2018 $4,101 $154,720 $0 $0
2017 $3,933 $150,220 $0 $0
2016 $3,744 $145,850 $0 $0
2015 $3,687 $141,610 $0 $0
2014 $3,585 $137,490 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19206844

Regional Multiple Listing Service (RMLS)

APN: R121097