$770,000
SOLD MAY 12, 2022

2338 SE Salmon St Unit 2340 Portland, OR 97214

Buckman Neighborhood
2 Beds
1 Bath
2,520 Sq Ft
4,922 Sq Ft Lot

Recently Sold

$306 Per Sq Ft

1% Below List Price

Highlights

  • Wood Flooring
  • Fireplace
  • Level Lot
  • Sunnyside Environmental School Rated 9+
  • Washer and Dryer
  • Wood Siding

About This Home

As of May 2022

Quintessential 1927 side-by-side duplex in the heart of SE Portland. Both adorable units are full of original charm & moldings, hardwood floors, wood-burning fireplaces. Room to expand w/separate 420 sq ft unfinished basements w/tall ceilings. Massive fenced, full sun backyard, dead end street, ADU potential. System upgrades: newer electrical panels, updated pex plumbing, seismic retrofit. Blocks to parks, trendy Belmont/Hawthorne shopping/restaurants, public transportation & bike boulevard!

Last Agent to Sell the Property

Leia Carlton

Portland's Alternative Inc., Realtors License #200404127 Listed on: 03/23/2022

Last Buyer's Agent

Maddie Merchant

Neighbors Realty License #201239125

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,975

Year Built

  • Built in 1927

Lot Details

  • Level Lot

Home Design

  • Wood Siding
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Fireplace
  • Wood Flooring
  • Washer and Dryer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,975

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2520
  • Stories: 3
  • Year Built: 1927
  • Property Condition: Existing
  • Remarks Public: Quintessential 1927 side-by-side duplex in the heart of SE Portland. Both adorable units are full of original charm & moldings, hardwood floors, wood-burning fireplaces. Room to expand w/separate 420 sq ft unfinished basements w/tall ceilings. Massive fenced, full sun backyard, dead end street, ADU potential. System upgrades: newer electrical panels, updated pex plumbing, seismic retrofit. Blocks to parks, trendy Belmont/Hawthorne shopping/restaurants, public transportation & bike boulevard!
  • Unreinforced Masonry Building: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: TILTONS ADD, BLOCK 13, LOT 9
  • Basement: Full Basement, Unfinished
  • Storage: Basement

Exterior Features

  • Exterior Description: Lap Siding, Wood Siding
  • Lot Size: 3K-4,999SF
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Utilities

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

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Unit Features: Fireplace, Hardwood Floors, Refrigerator, Washer/Dryer

Schools

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

Lot Info

  • Lot Description: Level
  • Zoning: R5
  • Water Rights Supplement: No

Green Features

  • Green Building Verification Type: Home Energy Score, Home Energy Score
  • Green Energy Supplement: Yes
  • Green Verification HES Metric: 7
  • Green Verification HES Year: 2022

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 5917.99
  • Assessor Parcel Number: R287940
  • Tax Year: 2020

Multi Family

  • Unit Type: 1
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 19.60

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2022
Closed on
May 10, 2022
Sold by
Corvus Properties Llc
Bought by
Grein David and Smith Julia R
Seller's Agent
Leia Carlton
Portland's Alternative Inc., Realtors
Buyer's Agent
Maddie Merchant
Neighbors Realty
List Price
$775,000
Sold Price
$770,000
Premium/Discount to List
-$5,000
-0.65%
Current Estimated Value
$720,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$49,085
Avg. Annual Appreciation
-1.92%
Original Mortgage
$435,000
Outstanding Balance
$411,014
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$309,901

Purchase Details

Listed on
Oct 26, 2016
Closed on
Jan 26, 2017
Sold by
Alley Marcus T
Bought by
Corvus Properties Llc
Seller's Agent
Rich Burns
RE/MAX Equity Group
Buyer's Agent
Michael Henrickson
Realty First
List Price
$659,900
Sold Price
$659,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.90%

Purchase Details

Listed on
Oct 26, 2016
Closed on
Dec 14, 2016
Sold by
Walsh Kevin P
Bought by
Alley Marcus T
Seller's Agent
Rich Burns
RE/MAX Equity Group
Buyer's Agent
Michael Henrickson
Realty First
List Price
$659,900
Sold Price
$659,900

Purchase Details

Closed on
Oct 12, 2015
Sold by
Walsh Kevin P
Bought by
Walsh Kevin P and Walsh Kerry S

Purchase Details

Closed on
Jul 10, 2014
Sold by
Walsh Kevin P
Bought by
Walsh Kevin P and Walsh Bypass Trust

Purchase Details

Closed on
Dec 2, 2004
Sold by
Walsh Allan P
Bought by
Walsh Allan Patrick and Walsh Beverly Ann
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
Warranty Deed $770,000 First American Title
Bargain Sale Deed -- None Available
Warranty Deed $659,900 Fidelity Natl Title Oregon
Interfamily Deed Transfer -- Fidelity Natl Title Of Or
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Fidelity Natl Title Of Or
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $435,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2022 05/12/22 Sold $770,000 -0.6% $306 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $775,000 0.0% $308 / Sq Ft
03/30/2022 03/30/22 Pending -- -- --
03/23/2022 03/23/22 For Sale $775,000 +17.4% $308 / Sq Ft
12/21/2016 12/21/16 Sold $659,900 0.0% $262 / Sq Ft
11/20/2016 11/20/16 Pending -- -- --
10/26/2016 10/26/16 For Sale $659,900 -- $262 / 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 $6,975 $260,700 -- --
2023 $6,707 $253,110 $0 $0
2022 $6,562 $245,740 $0 $0
2021 $6,451 $238,590 $0 $0
2020 $5,918 $231,650 $0 $0
2019 $5,701 $224,910 $0 $0
2018 $5,533 $218,360 $0 $0
2017 $5,303 $212,000 $0 $0
2016 $4,853 $205,830 $0 $0
2015 $4,726 $199,840 $0 $0
2014 $4,654 $194,020 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22132772

Regional Multiple Listing Service (RMLS)

APN: R287940