NOT LISTED FOR SALE

2402 SE Morrison St Portland, OR 97214

Buckman Neighborhood

Estimated Value: $765,000 - $899,000

6 Beds
3 Baths
3,045 Sq Ft
$282/Sq Ft Est. Value

Last Sold April 28, 2021

Last sale price $880,000 $289 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,406/month

20 Days on Market

Highlights

  • Wood Flooring
  • Washer and Dryer
  • Wood Siding

About This Home

As of April 2021

Opportunity awaits in this fully restored 1920's home. Enjoy the flexible living space with solid rental history in short term rentals and the legal ADU downstairs. Enjoy this chic and luxurious home with 3 bedrooms on the main floor, and escape to the calming master suite upstairs. Work from home in this unbeatable location that is walking distance to anything you could dream of! Fantastic investor opportunity! List price includes all furnishings.

Last Agent to Sell the Property

Chris Suarez

Keller Williams Sunset Corridor License #200108016 Listed on: 03/12/2021

Keller Williams Sunset Corridor

Co-Listed By

Matt Coffer

Realty First License #201212144

Last Buyer's Agent

Matthew Novak

Redfin License #200804097

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,012

Year Built

  • Built in 1920

Lot Details

  • 2,222

Home Design

  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Wood Flooring
  • Washer and Dryer
  • Finished Basement

Kitchen

  • Range
  • Dishwasher

Utilities

  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,012

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3045
  • Stories: 3
  • Year Built: 1920
  • Property Condition: Restored
  • Remarks Public: Opportunity awaits in this fully restored 1920's home. Enjoy the flexible living space with solid rental history in short term rentals and the legal ADU downstairs. Enjoy this chic and luxurious home with 3 bedrooms on the main floor, and escape to the calming master suite upstairs. Work from home in this unbeatable location that is walking distance to anything you could dream of! Fantastic investor opportunity! List price includes all furnishings.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: TILTONS ADD, BLOCK 2, N 70' OF LOT 7, N 50' OF LOT 8
  • Basement: Finished

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 0K to 2,999 SqFt
  • Roof Type: Composition

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Cooling Description: Wall Unit(s)
  • Heating Description: Mini Split

Condo/Co-op/Association

  • Unit Features: Dishwasher, Hardwood Floors, Range, Refrigerator, Washer/Dryer, Air Conditioning

Schools

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

Lot Info

  • Zoning: RM2

Rental Info

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

Tax Info

  • Tax Amount: 6164.77
  • Assessor Parcel Number: R287796
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.88

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 12, 2021
Closed on
Apr 23, 2021
Sold by
Hoyt Richard and Hoyt Kristen Ann
Bought by
Osterhaus Neal Travis
Seller's Agent
Chris Suarez
Keller Williams Sunset Corridor
Buyer's Agent
Matthew Novak
Redfin
List Price
$900,000
Sold Price
$880,000
Premium/Discount to List
-$20,000
-2.22%
Current Estimated Value
$895,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,747
Avg. Annual Appreciation
-0.03%
Original Mortgage
$704,000
Outstanding Balance
$643,829
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$235,188

Purchase Details

Listed on
Feb 2, 2018
Closed on
Feb 27, 2018
Sold by
Cox Michael D
Bought by
Hoyt Richard and Hoyt Kristen
Seller's Agent
Kama Dersham
Keller Williams PDX Central
Buyer's Agent
Matt Coffer
Realty First
List Price
$499,000
Sold Price
$515,000
Premium/Discount to List
$16,000
3.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.48%
Original Mortgage
$453,100
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2006
Sold by
Sherman Jon Launer
Bought by
Sherman Dianne L and The Dianne L Sherman 1997 Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,850
Interest Rate
6.2%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 22, 2006
Sold by
Sherman Dianne L
Bought by
Cox Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,850
Interest Rate
6.2%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 24, 1997
Sold by
Cuda Dolores M
Bought by
Sherman Jon Launer and Sherman Dianne L

Purchase Details

Closed on
May 16, 1996
Sold by
Cuda Thomas W and Brandon Jeff
Bought by
Cuda Dolores M
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
Osterhaus Neal Travis $170,000 Lawyers Title Of Oregon Llc
Osterhaus Neal Travis $880,000 Lawyers Title
Hoyt Richard $515,000 Old Republic Title
Sherman Dianne L -- Accommodation
Cox Michael D $328,500 Fidelity National Title Co
Sherman Jon Launer $80,000 Stewart Title
Cuda Dolores M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Osterhaus Neal Travis $704,000
Closed Osterhaus Neal Travis $70,000
Previous Owner Hoyt Richard $466,050
Previous Owner Richard Hoyt $250,000
Previous Owner Hoyt Richard $457,425
Previous Owner Hoyt Richard $453,100
Previous Owner Sherman Dianne L $32,850
Previous Owner Cox Michael D $262,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2021 04/28/21 Sold $880,000 -2.2% $289 / Sq Ft
04/01/2021 04/01/21 Pending -- -- --
03/12/2021 03/12/21 For Sale $900,000 +74.8% $296 / Sq Ft
02/28/2018 02/28/18 Sold $515,000 +3.2% $185 / Sq Ft
02/06/2018 02/06/18 Pending -- -- --
02/01/2018 02/01/18 For Sale $499,000 -- $179 / 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 $6,012 $226,870 $0 $0
2022 $5,881 $220,260 $0 $0
2021 $4,869 $180,080 $0 $0
2020 $6,165 $241,310 $0 $0
2019 $5,938 $234,290 $0 $0
2018 $5,764 $227,475 $0 $0
2017 $4,619 $184,670 $0 $0
2016 $4,227 $179,300 $0 $0
2015 $4,117 $174,080 $0 $0
2014 $4,054 $169,010 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Suarez

    Seller's Agent in 2021

    Chris Suarez

    Keller Williams Sunset Corridor

    (503) 546-9955

    1 in this area

    275 Total Sales

    Section Image

  • M

    Seller Co-Listing Agent in 2021

    Matt Coffer

    Realty First

  • M

    Buyer's Agent in 2021

    Matthew Novak

    Redfin

  • Kama Dersham

    Seller's Agent in 2018

    Kama Dersham

    Keller Williams PDX Central

    (503) 336-6868

    100 Total Sales

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21204376

Regional Multiple Listing Service (RMLS)

APN: R287796

Oregon Multnomah County Portland 97214 Buckman

2402 SE Morrison St, Portland, OR

This home is located at 2402 SE Morrison St, Portland, OR 97214 since 12 March 2021 and is currently estimated at $857,803, approximately $281 per square foot. This property was built in 1920. 2402 SE Morrison St 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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