NOT LISTED FOR SALE

2324 SE Madison St Unit 2326 Portland, OR 97214

Buckman Neighborhood

Estimated Value: $636,000 - $722,329

2 Beds
2 Baths
2,154 Sq Ft
$315/Sq Ft Est. Value

Last Sold December 14, 2023

Last sale price $625,000 $290 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,185/month

81 Days on Market

Highlights

  • View of Trees or Woods
  • Landscaped with Trees
  • Green Certified Home
  • Sunnyside Environmental School Rated 9+
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of December 2023

Charming, original side-by-side duplex in the super cool Hawthorne neighborhood. Just a couple blocks to Safeway, Grand Central Bakery - plus some of the best breakfast, lunch and dinner spots in the city. Two large 1 bedroom / 1 bathroom units with washer and dryer hook-ups and storage in the basement. One unit is rented. A 1 bedroom / 1 bathroom + den is open for owner occupants or a new tenant. Off street parking. Frequent service bus line to downtown. Bicycle through streets nearby. Walk/Bike scores of 92/93. LISTING AGENT is the SELLER. DO NOT DISTURB THE TENANTS. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10220688]

Last Agent to Sell the Property

Ronald Milligan

Fiv Realty Brokerage Phone: 503-477-9745 License #200512236 Listed on: 08/04/2023

Fiv Realty

Last Buyer's Agent

Sean Gutmann

Real Broker License #201220719

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,623

Year Built

  • Built in 1926

Lot Details

  • Level Lot
  • Landscaped with Trees

Parking

  • 2 Car Garage

Home Design

  • Composition Roof
  • Stucco Exterior
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,154 Sq Ft Home
  • 2-Story Property
  • Views of Woods

Unfinished Basement

  • Partial Basement
  • Basement Storage

Eco-Friendly Details

  • Green Certified Home

Schools

  • Sunnyside Env Elementary And Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R244811

Community Details

Overview

  • 2 Units
  • Hawthorne Subdivision

Building Details

  • Operating Expense $13,768
  • Gross Income $38,400
  • Net Operating Income $24,632

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,623

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1926
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: PartialBasement, Unfinished
  • Storage: Basement
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: Stucco
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level, Trees
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: TreesWoods

Garage/Parking

  • Parking Description: Paved
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Internet Service Type: Cable,Other
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Sunnyside Env
  • High School: Franklin
  • Middle Or Junior School: Sunnyside Env

Lot Info

  • Zoning: R25
  • Parcel #: R244811

Green Features

  • Green Certification: Yes

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 6622.7

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 16.93
  • Annual Gross Income: 38400.0
  • Property Net Operating Income: 24632.0
  • Annual Operating Expense: 13768.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2023
Closed on
Jan 29, 2024
Sold by
Swanback Elin E and Swanback Steven G
Bought by
Swanback Revocable Living Trust and Swanback
Seller's Agent
Ronald Milligan
Fiv Realty
Buyer's Agent
Sean Gutmann
Real Broker
List Price
$650,000
Sold Price
$625,000
Premium/Discount to List
-$25,000
-3.85%
Views
62
Current Estimated Value
$678,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,582
Avg. Annual Appreciation
4.68%
Original Mortgage
$500,000
Interest Rate
7.76%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 4, 2023
Closed on
Dec 13, 2023
Sold by
Milligan Ronald R
Bought by
Swanback Claire Ellin and Swanback Steven G
Seller's Agent
Ronald Milligan
Fiv Realty
Buyer's Agent
Sean Gutmann
Real Broker
List Price
$650,000
Sold Price
$625,000
Premium/Discount to List
-$25,000
-3.85%
Views
62

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2017
Sold by
Milligan Richard D
Bought by
Milligan Ronald R and Milligan Bonny M

Purchase Details

Closed on
May 1, 2013
Sold by
Klm Capital Inc
Bought by
Bulldog Capital Partners Llc

Purchase Details

Closed on
Aug 5, 2004
Sold by
Bonner Lynn
Bought by
Milligan Richard D and Milligan Bonny M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 27, 2002
Sold by
Bucholz George H
Bought by
Bonner Ernest R and Bonner Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.84%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Swanback Revocable Living Trust -- None Listed On Document
Swanback Claire Ellin $625,000 Old Republic National Title
Milligan Ronald R -- Accommodation
Bulldog Capital Partners Llc -- Lawyers
Milligan Richard D $305,000 Transnation Title Agency Or
Bonner Ernest R -- First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Swanback Claire Ellin $500,000
Previous Owner Milligan Richard D $75,000
Previous Owner Bonner Ernest R $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Sold $625,000 -3.8% $290 / Sq Ft
10/25/2023 10/25/23 Pending -- -- --
10/04/2023 10/04/23 For Sale $650,000 +4.0% $302 / Sq Ft
10/03/2023 10/03/23 Off Market $625,000 -- --
08/04/2023 08/04/23 For Sale $650,000 -- $302 / 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 $7,040 $263,120 -- --
2023 $7,040 $255,460 $0 $0
2022 $6,623 $248,020 $0 $0
2021 $6,511 $240,800 $0 $0
2020 $5,973 $233,790 $0 $0
2019 $5,753 $226,990 $0 $0
2018 $5,584 $220,380 $0 $0
2017 $5,352 $213,970 $0 $0
2016 $4,898 $207,740 $0 $0
2015 $4,769 $201,690 $0 $0
2014 $4,698 $195,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ronald Milligan

    Seller's Agent in 2023

    Ronald Milligan

    Fiv Realty

    (503) 484-3166

    1 in this area

    79 Total Sales

    Ronald Milligan
    Section Image
  • Sean Gutmann

    Buyer's Agent in 2023

    Sean Gutmann

    Real Broker

    (503) 519-2092

    2 in this area

    29 Total Sales

    Sean Gutmann
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23049522

Regional Multiple Listing Service (RMLS)

APN: R244811

Oregon Multnomah County Portland 97214 Buckman

2324 SE Madison St Unit 2326, Portland, OR

This home is located at 2324 SE Madison St Unit 2326, Portland, OR 97214 since 04 August 2023 and is currently estimated at $678,582, approximately $315 per square foot. This property was built in 1926. 2324 SE Madison St Unit 2326 is a home located in Multnomah County with nearby schools including Sunnyside Environmental School, Franklin High School, and Le Monde French Immersion Public Charter School.

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