NOT LISTED FOR SALE

2304 NE 162nd Ave Unit 2308 Portland, OR 97230

Wilkes East Neighborhood

Estimated Value: $599,497 - $665,000

6 Beds
4 Baths
2,296 Sq Ft
$274/Sq Ft Est. Value

Last Sold May 24, 2019

Last sale price $459,500 $200 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,065/month

34 Days on Market

Highlights

  • Corner Lot
  • Attached Garage
  • 1-Story Property
  • Fireplace

About This Home

As of May 2019

Perfect 1 level duplex opportunity in NE. Each unit is 3 bed 2 bath with garage, cul-de-sac st. Fully rented. Newer 2000 build. Gas heat, A/C. Fenced back yard, patio, sprinkler system. Turn key opportunity. Great current tenants, strong rental history. On bus line. Do not disturb tenants. Make offers subject to interior inspection. Outside of the current City of Portland rental relocation assistance mandate area.

Last Agent to Sell the Property

Jeff Walker

RE/MAX Equity Group License #201212874 Listed on: 03/15/2019

RE/MAX Equity Group

Last Buyer's Agent

Patti Cort

John L. Scott Portland Metro License #820400170

John L. Scott Portland Metro

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,372

Year Built

  • Built in 2000

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • Attached Garage

Interior Spaces

  • 1-Story Property
  • Fireplace
  • Crawl Space
  • Dishwasher

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water, ground maintenance

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,372

Year Built

Built in 2000

Lot Details

0

Parking

2

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2296
  • Stories: 1
  • Year Built: 2000
  • Remarks Public: Perfect 1 level duplex opportunity in NE. Each unit is 3 bed 2 bath with garage, cul-de-sac st. Fully rented. Newer 2000 build. Gas heat, A/C. Fenced back yard, patio, sprinkler system. Turn key opportunity. Great current tenants, strong rental history. On bus line. Do not disturb tenants. Make offers subject to interior inspection. Outside of the current City of Portland rental relocation assistance mandate area.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: SNELL MEADOWS, LOT 1
  • Basement: Crawl Space
  • Storage: Garage(s)

Exterior Features

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

Garage/Parking

  • Garage Or Parking Spaces: 2
  • Parking Description: Attached, Garage

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Cooling Description: Central Air
  • Heating Description: Forced Air

Condo/Co-op/Association

  • Unit Features: Dishwasher, Fireplace, Washer/Dryer Hookup, Air Conditioning

Schools

  • Elementary School: Wilkes
  • Middle School: H.B. Lee
  • High School: Reynolds

Lot Info

  • Lot Description: On Busline, Corner Lot, Level
  • Zoning: 101 Res

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water, Maintenance Grounds

Tax Info

  • Tax Amount: 5206.65
  • Assessor Parcel Number: R271778
  • Tax Year: 2017

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.96

MLS Schools

  • Elementary School: Wilkes
  • High School: Reynolds
  • Middle School: H.B. Lee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2019
Closed on
May 23, 2019
Sold by
Gori Cruz Elizabeth Claire
Bought by
Gipe James and Gipe Kristine
Seller's Agent
Jeff Walker
RE/MAX Equity Group
Buyer's Agent
Patti Cort
John L. Scott Portland Metro
List Price
$460,000
Sold Price
$459,500
Premium/Discount to List
-$500
-0.11%
Total Days on Market
34
Current Estimated Value
$629,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,124
Avg. Annual Appreciation
5.04%
Original Mortgage
$344,625
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2015
Sold by
Gori Elizabeth C
Bought by
Gori Cruz Elizabeth Claire and Elizabeth Gori Cruz Revocable Trust

Purchase Details

Closed on
Jan 9, 2013
Sold by
Gori Cruz Elizabeth C
Bought by
Gori Cruz Elizabeth C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,300
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2004
Sold by
Reasor Merle E
Bought by
Gori Elizabeth C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
5.76%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Feb 9, 2004
Sold by
Reasor Merle E
Bought by
Reasor Merle E and Reasor Karla M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,500
Interest Rate
5.25%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 19, 1999
Sold by
Skoro Milan
Bought by
Reasor Merle E and Reasor Karla M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
6.92%
Mortgage Type
Purchase Money Mortgage
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
Gipe James $459,500 Ticor Title Company Of Or
Gori Cruz Elizabeth Claire -- None Available
Gori Cruz Elizabeth C -- Wfg Title
Gori Elizabeth C $337,000 Chicago Title Insurance Comp
Reasor Merle E $264,450 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gipe James $340,000
Closed Gipe James $344,625
Previous Owner Gori Cruz Elizabeth C $216,300
Previous Owner Gori Elizabeth C $228,000
Previous Owner Gori Elizabeth C $219,000
Previous Owner Gori Elizabeth C $220,500
Previous Owner Reasor Merle E $206,500
Previous Owner Reasor Merle E $211,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2019 05/24/19 Sold $459,500 -0.1% $200 / Sq Ft
04/18/2019 04/18/19 Pending -- -- --
03/15/2019 03/15/19 For Sale $460,000 -- $200 / 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 $6,372 $365,560 $0 $0
2022 $6,214 $354,920 $0 $0
2021 $6,061 $344,590 $0 $0
2020 $5,670 $334,560 $0 $0
2019 $5,435 $324,820 $0 $0
2018 $5,380 $315,360 $0 $0
2017 $5,207 $306,180 $0 $0
2016 $4,981 $297,270 $0 $0
2015 $4,837 $288,620 $0 $0
2014 -- $280,220 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Walker

    Seller's Agent in 2019

    Jeff Walker

    RE/MAX

    (503) 914-2784

    2 in this area

    160 Total Sales

    Jeff Walker
    Section Image
  • Patti Cort

    Buyer's Agent in 2019

    Patti Cort

    John L. Scott Portland Metro

    (503) 806-3740

    68 Total Sales

    Patti Cort
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19188456

Regional Multiple Listing Service (RMLS)

APN: R271778

Oregon Multnomah County Portland 97230 Wilkes East

2304 NE 162nd Ave Unit 2308, Portland, OR

This home is located at 2304 NE 162nd Ave Unit 2308, Portland, OR 97230 since 15 March 2019 and is currently estimated at $629,624, approximately $274 per square foot. This property was built in 2000. 2304 NE 162nd Ave Unit 2308 is a home located in Multnomah County with nearby schools including Wilkes Elementary School, Hauton B Lee Middle School, and Reynolds High School.

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