$760,000
SOLD AUG 18, 2017
-- Bed
-- Bath
5,358 Sq Ft
0.34 Acres

Recently Sold

$142 Per Sq Ft

3% Below List Price

97 Days on Market

Highlights

  • 4 Car Attached Garage
  • Forced Air Heating System
  • Level Lot
  • Storage

About This Home

As of December 2021

Unique TurnKey Opp. 1 detached residence (could be for owner ), + THREE NEWER UNITS [3 bd/2.5 ba 1291sf] & FOUR garages that were BUILT IN 1996. 1/2 block to bus & 3 min walk to Max. Fully occupied. tenants also pay $50/mo water [$200/mo]. Current Market Rents in area suggest potential aggregate $700-$1000 INCREASE per mo.

Last Agent to Sell the Property

John Sheldon

Rarebird Real Estate License #201210236 Listed on: 03/24/2017

Last Buyer's Agent

Brian Porter

Opt License #200305174

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,874

Year Built

  • Built in 1925

Lot Details

  • Level Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 5,358 Sq Ft Home
  • 2-Story Property
  • Storage
  • Basement Fills Entire Space Under The House

Schools

  • Harrison Park Elementary School
  • Madison High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number R106037

Community Details

Overview

  • 4 Units
  • Montavilla/Mt Tabor Subdivision

Building Details

  • Operating Expense $20,758
  • Gross Income $58,875
  • Net Operating Income $38,117

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,874

Year Built

Built in 1925

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1925
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement
  • Storage: Attached
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Lot Features: Level
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: Harrison Park
  • High School: Madison

Lot Info

  • Zoning: R-1
  • Parcel #: R106037

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 10873.71

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 13.24
  • Annual Gross Income: 58875.0
  • Property Net Operating Income: 38117.0
  • Annual Operating Expense: 20758.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 26, 2024
Sold by
Stone Glen Sterling
Bought by
Stone Living Trust and Davis

Purchase Details

Listed on
Dec 15, 2021
Closed on
Dec 9, 2021
Sold by
Blueberry Enterprises Llc
Bought by
Stone Glen
Seller's Agent
Brian Porter
Opt
Buyer's Agent
Amanda Folkestad
Realty Portland
List Price
$1,056,000
Sold Price
$1,056,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.63%
Original Mortgage
$787,500
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 4, 2017
Sold by
Bowditch Richard Lee
Bought by
Blueberry Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
3.85%
Mortgage Type
Unknown

Purchase Details

Listed on
Mar 24, 2017
Closed on
Aug 11, 2017
Sold by
Bright Teresa M
Bought by
Bowditch Richard Lee and Coogan Kelly Marie
Seller's Agent
John Sheldon
Rarebird Real Estate
Buyer's Agent
Brian Porter
Opt
List Price
$779,500
Sold Price
$760,000
Premium/Discount to List
-$19,500
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.56%
Original Mortgage
$570,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2015
Sold by
Bright Teresa M
Bought by
Bright Teresa M and Bradley Kenneth L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 1996
Sold by
Cordell Construction Inc
Bought by
Bright Teresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,600
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 1995
Sold by
Raulerson Glenda
Bought by
Cordell Construction Inc
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
Personal Reps Deed -- None Listed On Document
Warranty Deed $1,056,000 First American Title
Bargain Sale Deed -- None Available
Warranty Deed $760,000 Fidelity Natl Title Co Of Or
Interfamily Deed Transfer -- Lawyers Title Of Oregon Llc
Warranty Deed $357,000 First American Title Ins Co
Personal Reps Deed $100,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $787,500 Purchase Money Mortgage
Previous Owner $90,000 Unknown
Previous Owner $570,000 New Conventional
Previous Owner $334,000 New Conventional
Previous Owner $124,184 Credit Line Revolving
Previous Owner $285,600 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 Price Changed $1,068,900 -2.7% --
04/02/2025 04/02/25 Price Changed $1,099,000 -11.3% --
03/26/2025 03/26/25 Price Changed $1,239,000 -4.3% --
11/17/2024 11/17/24 For Sale $1,295,000 +22.6% --
12/15/2021 12/15/21 Sold $1,056,000 0.0% $197 / Sq Ft
12/15/2021 12/15/21 Pending -- -- --
12/15/2021 12/15/21 For Sale $1,056,000 +38.9% $197 / Sq Ft
08/18/2017 08/18/17 Sold $760,000 -2.5% $142 / Sq Ft
06/29/2017 06/29/17 Pending -- -- --
03/24/2017 03/24/17 For Sale $779,500 -- $145 / 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 $15,029 $567,160 $0 $0
2022 $14,704 $550,650 $0 $0
2021 $14,455 $534,620 $0 $0
2020 $13,260 $519,050 $0 $0
2019 $12,773 $503,940 $0 $0
2018 $12,397 $489,270 $0 $0
2017 $11,882 $475,020 $0 $0
2016 $10,874 $461,190 $0 $0
2015 $10,511 $447,760 $0 $0
2014 $10,159 $434,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 17105069

Regional Multiple Listing Service (RMLS)

APN: R106037