$1,275,000
SOLD JAN 9, 2025

2289 Willamette Falls Dr West Linn, OR 97068

Willamette Neighborhood
-- Bed
-- Bath
3,000 Sq Ft
0.25 Acres

Recently Sold

$425 Per Sq Ft

12 Days on Market

Highlights

  • Corner Lot
  • Zoned Heating
  • 1-Story Property
  • Willamette Primary School Rated A-
  • Laundry Facilities

About This Home

As of January 2025

Turn Key 4 plex in wonderful Willamette area. Fully occupied, last unit rented at $1,775 plus utilities. Washer and dryer can be added and one unit has been completed with new hookups. Exterior building has community coin op washer/dryer. Owner is a licensed Real Estate Broker in Oregon. Please do not disturb residents, drive by only.

Last Agent to Sell the Property

Glenna Cooke

GA Cooke Real Estate Services License #780303551 Listed on: 08/28/2024

Last Buyer's Agent

Jeff Edmondson

24/7 Properties License #200802126

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,470

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 0.25 Acre Lot
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 3,000 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Assigned Parking

Schools

  • Trillium Creek Elementary School
  • Rosemont Ridge Middle School
  • West Linn High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes trashcollection
  • Assessor Parcel Number 00747927

Community Details

Building Details

  • Operating Expense $27,313
  • Gross Income $78,300
  • Net Operating Income $50,987

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,470

Year Built

Built in 1964 | Remodeled

Lot Details

0

Listing Details

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

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: Brick,Cedar
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Trillium Creek
  • High School: West Linn
  • Middle Or Junior School: Rosemont Ridge

Lot Info

  • Zoning: multi
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890.0
  • Parcel #: 00747927

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 6469.56
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 16.28
  • Annual Gross Income: 78300.0
  • Property Net Operating Income: 50987.0
  • Annual Operating Expense: 27313.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 29, 2025
Sold by
Knakal Family Limited Partnership and Knakal Enterprises Llc
Bought by
Knakal Greg and Knakal Sarah
Current Estimated Value
$1,294,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$349,105
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$944,913

Purchase Details

Listed on
Aug 28, 2024
Closed on
Jan 8, 2025
Sold by
Willamette Falls 2021 Llc
Bought by
Knakal Family Limited Partnership and Knakal Enterprises Llc
Seller's Agent
Glenna Cooke
GA Cooke Real Estate Services
Buyer's Agent
Jeff Edmondson
24/7 Properties
List Price
$1,275,000
Sold Price
$1,275,000
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.05%

Purchase Details

Listed on
Jun 2, 2021
Closed on
Jun 18, 2021
Sold by
Shrock Loren E and Shrock Betty Jean
Bought by
Willamette Falls 2021 Llc
Seller's Agent
Scott McAvoy
Knightsbridge International Real Estate, LLC
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$900,000
Sold Price
$858,000
Premium/Discount to List
-$42,000
-4.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.77%

Purchase Details

Closed on
Aug 14, 2000
Sold by
Fritchie Edwin L and Fritchie Gloria D
Bought by
Shrock Loren E and Shrock Betty Jean
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 Type Sale Price Title Company
Bargain Sale Deed -- Wfg National Title
Warranty Deed $1,275,000 Lawyers Title
Warranty Deed $1,275,000 Lawyers Title
Warranty Deed $858,000 Chicago Title Company Of Or
Special Warranty Deed $64,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $350,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2025 01/09/25 Sold $1,275,000 0.0% $425 / Sq Ft
09/09/2024 09/09/24 Pending -- -- --
08/28/2024 08/28/24 For Sale $1,275,000 +48.6% $425 / Sq Ft
06/18/2021 06/18/21 Sold $858,000 -4.7% $304 / Sq Ft
06/05/2021 06/05/21 Pending -- -- --
06/02/2021 06/02/21 For Sale $900,000 -- $318 / 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
2024 $6,653 $348,192 -- --
2023 $6,653 $338,051 $0 $0
2022 $6,279 $328,205 $0 $0
2021 $5,961 $318,646 $0 $0
2020 $6,001 $309,366 $0 $0
2019 $5,376 $282,167 $0 $0
2018 $5,136 $273,949 $0 $0
2017 $4,937 $265,970 $0 $0
2016 $4,810 $258,223 $0 $0
2015 $4,672 $250,702 $0 $0
2014 $4,352 $243,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24088608

Regional Multiple Listing Service (RMLS)

APN: 00747927