$1,120,000
SOLD MAR 18, 2024

2317 NE Clackamas St Unit 2319 Portland, OR 97232

Sullivan's Gulch Neighborhood
-- Bed
-- Bath
3,987 Sq Ft
6,969 Sq Ft Lot

Recently Sold

$281 Per Sq Ft

2% Above List Price

4 Days on Market

Highlights

  • Landscaped
  • Forced Air Heating and Cooling System
  • Wood Siding
  • Irvington Elementary School Rated 10
  • Level Lot

About This Home

As of March 2024

High quality multi-family property located in a quiet close-in NE PDX neighborhood! Inviting Dutch Colonial duplex and newly constructed ADU blend seamlessly to create (3) very appealing residential spaces. The 1923 Dutch Colonial was built as a mirrored duplex and features hardwood floors and remodeled bathrooms. Each unit has an additional room for office, basement, washer/dryer and access to their own deck and backyard space. The newly built ADU includes a gorgeous private loft, open great room concept, separate W/D and A/C! Oversized Sullivan's Gulch lot (6,800sf.) Located close to the bustling shops and eateries of Broadway Street - this property is perfect for owner-occupants or investors alike!

Last Agent to Sell the Property

Theresa deSousa + Brian Spear

Opt License #200312221 Listed on: 02/03/2024

Opt

Co-Listed By

Brian Porter

Opt License #200305174

Last Buyer's Agent

Molly Clevenger

Cascade Hasson Sotheby's International Realty License #201211100

Cascade Hasson Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,816

Year Built

  • Built in 1923

Lot Details

  • 6,969 Sq Ft Lot
  • Lot Dimensions are 68 x 100
  • Landscaped
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Lap Siding
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,987 Sq Ft Home
  • 3-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • 2 Parking Spaces
  • Driveway
  • Open Parking

Schools

  • Irvington Elementary School
  • Harriet Tubman Middle School
  • Jefferson High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R181934

Community Details

Overview

  • 3 Units
  • Sullivan's Gulch Subdivision

Amenities

  • Common Area

Building Details

  • Operating Expense $23,571
  • Gross Income $81,060
  • Net Operating Income $57,489

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,816

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1923
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement
  • Storage: Basement
  • High School2: Jefferson
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: CementSiding,LapSiding,WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Concrete
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, Open
  • Attached Garage: No
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity,Tank
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Commons, FrontYardLandscaping

Schools

  • Elementary School: Irvington
  • High School: Grant
  • Middle Or Junior School: Harriet Tubman

Lot Info

  • Zoning: R2.5
  • Lot Size Acres: 0.16
  • Lot Size: 68 x 100
  • Lot Size Sq Ft: 6969.0
  • Parcel #: R181934

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 7815.51

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 13.51
  • Annual Gross Income: 81060.0
  • Property Net Operating Income: 57489.0
  • Annual Operating Expense: 23571.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2024
Closed on
Feb 8, 2024
Sold by
Westlake Holdings Llc
Bought by
Zielinski Kevin W and Zielinski Vicki J
Seller's Agent
Theresa deSousa + Brian Spear
Opt
Buyer's Agent
Molly Clevenger
Cascade Hasson Sotheby's International Realty
List Price
$1,095,000
Sold Price
$1,120,000
Premium/Discount to List
$25,000
2.28%
Views
15
Current Estimated Value
$1,164,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,842
Avg. Annual Appreciation
2.74%
Original Mortgage
$840,000
Outstanding Balance
$826,841
Interest Rate
6.63%
Mortgage Type
Credit Line Revolving
Estimated Equity
$338,001

Purchase Details

Listed on
Feb 22, 2017
Closed on
May 25, 2017
Sold by
Thomsen Craig W
Bought by
Westlake Holdings Llc
Seller's Agent
Bianca Hart
Corcoran Prime
Buyer's Agent
Theresa deSousa + Brian Spear
Opt
List Price
$869,500
Sold Price
$836,000
Premium/Discount to List
-$33,500
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.39%
Original Mortgage
$585,200
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 19, 2011
Sold by
Thomsen Craig William
Bought by
Butcher William R and Thomsen Craig W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,500
Interest Rate
4.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2009
Sold by
Thomsen Craig William
Bought by
Thomsen Craig William and The Craig William Thomsen Trust

Purchase Details

Closed on
Mar 8, 2006
Sold by
Butcher William R
Bought by
Butcher William R and Thomsen Craig W

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
Interest Rate
6.08%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 4, 2005
Sold by
Butcher William and Thomsen Craig William
Bought by
Butcher William R and William R Butcher Trust

Purchase Details

Closed on
May 8, 2003
Sold by
Thomsen Craig William
Bought by
Butcher William and Thomsen Craig William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,500
Interest Rate
4.89%
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 $1,120,000 First American Title
Warranty Deed $836,000 Chicago Title Company Of Or
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- First American
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Ticor Title Insurance Compan
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $570,000 New Conventional
Open $840,000 Credit Line Revolving
Previous Owner $594,720 New Conventional
Previous Owner $585,200 Adjustable Rate Mortgage/ARM
Previous Owner $193,000 Credit Line Revolving
Previous Owner $100,000 Credit Line Revolving
Previous Owner $329,500 New Conventional
Previous Owner $46,750 Credit Line Revolving
Previous Owner $350,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $231,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2024 03/18/24 Sold $1,120,000 +2.3% $281 / Sq Ft
02/08/2024 02/08/24 Pending -- -- --
02/03/2024 02/03/24 For Sale $1,095,000 +31.0% $275 / Sq Ft
05/31/2017 05/31/17 Sold $836,000 -3.9% $270 / Sq Ft
04/24/2017 04/24/17 Pending -- -- --
02/22/2017 02/22/17 For Sale $869,500 -- $280 / 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 $10,291 $384,630 -- --
2023 $7,816 $294,940 $0 $0
2022 $7,646 $286,350 $0 $0
2021 $7,517 $278,010 $0 $0
2020 $6,896 $269,920 $0 $0
2019 $6,642 $262,060 $0 $0
2018 $6,447 $254,435 $0 $0
2017 $5,876 $234,910 $0 $0
2016 $5,377 $228,070 $0 $0
2015 $5,236 $221,430 $0 $0
2014 $5,157 $214,990 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24400135

Regional Multiple Listing Service (RMLS)

APN: R181934