NOT LISTED FOR SALE

2270 SE 9th Ct Unit 2272 Gresham, OR 97080

Mount Hood Neighborhood

Estimated Value: $431,000 - $532,000

4 Beds
2 Baths
1,744 Sq Ft
$274/Sq Ft Est. Value

Last Sold June 29, 2012

Last sale price $145,000 $83 Per Sq Ft

Est. 230% increase in value since last sale

Current estimated payment $3,020/month

83 Days on Market

Highlights

  • Detached Garage
  • Fireplace
  • Wood Siding
  • Cul-De-Sac
  • Level Lot
  • 1-Story Property

About This Home

As of June 2012

Great, quiet culdesac just minutes from all Gresham has to offer! At this price and rents this property is returning almost 7.6% cash on cash and the rents are below market for the area. Both tenants are long term and seem to want to stay for a good long time. Please make offers subject to inspection & don't disturb tenants. Thank you!

Last Listed By

Chris Gordon

Gordon Properties License #990100174 Listed on: 03/20/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,417

Year Built

  • Built in 1978

Lot Details

  • Cul-De-Sac
  • Level Lot

Parking

  • Detached Garage

Home Design

  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Fireplace

Utilities

  • Electric Water Heater

Community Details

  • 2 Units
  • Property managed by Gordon Properties LLC

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,417

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 1744
  • Stories: 1
  • Year Built: 1978
  • Year Built Description: Existing
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space
  • Legal Description: REN-A TERRACE, BLOCK 1, LOT 4
  • Storage: Garage(s), Individual Storage Units

Exterior Features

  • Exterior Description: Man Made, Wood Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Parking Description: Detached, Garage

Utilities

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

Condo/Co-op/Association

  • Management Name: Gordon Properties LLC
  • Management Phone: 503-341-0384
  • Unit Features: Fireplace, Refrigerator, Washer/Dryer Hookup, Window Coverings

Schools

  • Elementary School: East Gresham
  • Middle School: Gordon Russell
  • High School: Sprngwatr Trail

Lot Info

  • Lot Description: Cul-de-sac, Level
  • Zoning: MDR-12

Tax Info

  • Tax Amount: 2732.48
  • Assessor Parcel Number: R253588

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 7.92

MLS Schools

  • Elementary School: East Gresham
  • High School: Sprngwatr Trail
  • Middle School: Gordon Russell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2013
Sold by
Hurricane Investments Llc
Bought by
Allen Tarah and Karn Katherine
Total Days on Market
83
Current Estimated Value
$478,425

Purchase Details

Listed on
Mar 20, 2012
Closed on
Jun 28, 2012
Sold by
Drake Glorene
Bought by
Hurricane Investments Llc
Seller's Agent
Chris Gordon
Gordon Properties
Buyer's Agent
Denise Greisen
Century 21 North Homes Realty
List Price
$189,900
Sold Price
$145,000
Premium/Discount to List
-$44,900
-23.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.87%

Purchase Details

Closed on
Dec 8, 2005
Sold by
Reiland Gilbert J
Bought by
Reiland Gilbert J and Reiland Elizabeth R

Purchase Details

Closed on
Aug 6, 2002
Sold by
Markwart Erma
Bought by
Reiland Gilbert J and Reiland Elizabeth R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,100
Interest Rate
6.52%
Mortgage Type
Purchase Money Mortgage

Range of Values:

Collateral Analytics

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ICE

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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
Allen Tarah -- First American
Hurricane Investments Llc $145,000 Fatco
Reiland Gilbert J -- --
Reiland Gilbert J $173,900 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reiland Gilbert J $139,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2012 06/29/12 Sold $145,000 -23.6% $83 / Sq Ft
06/11/2012 06/11/12 Pending -- -- --
03/20/2012 03/20/12 For Sale $189,900 -- $109 / 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 $4,417 $234,600 $0 $0
2022 $4,293 $227,770 $0 $0
2021 $4,185 $221,140 $0 $0
2020 $3,938 $214,700 $0 $0
2019 $3,954 $208,450 $0 $0
2018 $3,657 $202,380 $0 $0
2017 $3,508 $196,490 $0 $0
2016 $3,093 $190,770 $0 $0
2015 $3,026 $185,220 $0 $0
2014 $2,948 $179,830 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Gordon

    Seller's Agent in 2012

    Chris Gordon

    Gordon Properties

    (503) 253-5455

    15 Total Sales

    Chris Gordon
    Section Image
  • Denise Greisen

    Buyer's Agent in 2012

    Denise Greisen

    Century 21 North Homes Realty

    (503) 381-3814

    21 Total Sales

    Denise Greisen
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 12247379

Regional Multiple Listing Service (RMLS)

APN: R253588

Oregon Multnomah County Gresham 97080 Mount Hood

2270 SE 9th Ct Unit 2272, Gresham, OR

Homes for Sale in Gresham, OR

This home is located at 2270 SE 9th Ct Unit 2272, Gresham, OR 97080 since 20 March 2012 and is currently estimated at $478,425, approximately $274 per square foot. This property was built in 1978. 2270 SE 9th Ct Unit 2272 is a home located in Multnomah County with nearby schools including Hogan Cedars Elementary School, Dexter McCarty Middle School, and Gresham High School.

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