NOT LISTED FOR SALE

2416 2418 Cedar Cir Forestgrove, OR 97116

Estimated Value: $650,155 - $680,000

6 Beds
4 Baths
2,982 Sq Ft
$223/Sq Ft Est. Value

Last Sold January 13, 2020

Last sale price $532,000 $178 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,182/month

1 Day on Market

Highlights

  • Cul-De-Sac
  • Baseboard Heating
  • Wood Siding
  • Attached Garage
  • Level Lot

About This Home

As of January 2020

Vintage-hip, Mid Century with great bones. This duplex is a rare find. This Property is zoned for a 4 plex. This can be accomplished without changing foundation or roofline. Buyer to do own due diligence. Live in it and rent out the other side, or have it as an investment property. Parquet flooring and 2 fireplaces. This is an investors dream to grow cashflow. It lives like two separate houses. Offers will be reviewed on Tues. 10/8 5pm

Last Listed By

Michael Bivens

Bridgetown Equity Prop LLC License #201205519 Listed on: 10/03/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,563

Year Built

  • Built in 1968

Lot Details

  • Cul-De-Sac
  • Level Lot

Parking

  • Attached Garage

Home Design

  • Composition Roof
  • Wood Siding
  • Cedar

Interior Spaces

  • 2,982 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Schools

  • Tom Mccall Elementary School
  • Neil Armstrong Middle School
  • Forest Grove High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R744485

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $8,545
  • Gross Income $43,200
  • Net Operating Income $34,656

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,563

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1968
  • Property Condition: Restored
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace, None
  • Storage: Attic,Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Cedar,WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • View: No
  • Lot Features: Cul_de_sac, Level
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Attached, Garage
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Joseph Gale
  • High School: Forest Grove
  • Middle Or Junior School: Neil Armstrong
  • Elementary School #2: Tom McCall

Lot Info

  • Zoning: RMH
  • Parcel #: R744485

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2018
  • Tax Annual Amount: 4563.27

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.57
  • Annual Gross Income: 43200.0
  • Property Net Operating Income: 34656.0
  • Annual Operating Expense: 8545.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2024
Sold by
Fg3 Llc
Bought by
Camba Natalia Meza and Radillo Diego Armando
Total Days on Market
1
Current Estimated Value
$663,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$617,500
Outstanding Balance
$612,644
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$45,791

Purchase Details

Closed on
Apr 25, 2020
Sold by
Schmitz Steve and Schmitz Jo Ann
Bought by
Fg3 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 3, 2019
Closed on
Feb 25, 2020
Sold by
Fg3 Llc
Bought by
Schmitz Steve and Schmitz Jo Ann
Seller's Agent
Michael Bivens
Bridgetown Equity Prop LLC
Buyer's Agent
Ethan Thursam
John L. Scott Market Center
List Price
$499,900
Sold Price
$532,000
Premium/Discount to List
$32,100
6.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.07%
Original Mortgage
$214,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 3, 2019
Closed on
Dec 8, 2019
Sold by
Church Street Holdings Llc
Bought by
Fg3 Llc
Seller's Agent
Michael Bivens
Bridgetown Equity Prop LLC
Buyer's Agent
Ethan Thursam
John L. Scott Market Center
List Price
$499,900
Sold Price
$532,000
Premium/Discount to List
$32,100
6.42%

Purchase Details

Closed on
Dec 20, 2018
Sold by
Friberg Jane and Lingenfelter Kevin
Bought by
Church Street Holdings Llc

Purchase Details

Closed on
Jul 6, 2018
Sold by
Mcqueen Janet L
Bought by
Lingenfeler Kevin and Friberg Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 2, 2009
Sold by
Wilson Barbara
Bought by
Wilson Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,500
Interest Rate
2.43%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Mar 6, 2003
Sold by
Wilson John R
Bought by
Wilson Barbara

Purchase Details

Closed on
Feb 4, 2003
Sold by
Wilson John R
Bought by
Wilson John R

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
Camba Natalia Meza $650,000 Wfg Title
Fg3 Llc -- None Available
Schmitz Steve -- Wfg Title
Fg3 Llc $532,000 Old Republic Title Co Of Or
Church Street Holdings Llc -- None Available
Lingenfeler Kevin $390,000 Old Republic Title
Wilson Barbara -- Pacific Nw Title
Wilson Barbara -- --
Wilson John R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Camba Natalia Meza $617,500
Previous Owner Schmitz Steve $214,000
Previous Owner Lingenfelter Kevin $20,000
Previous Owner Lingenfeler Kevin $292,500
Previous Owner Wilson Barbara $442,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2020 01/13/20 Sold $532,000 +6.4% $178 / Sq Ft
10/04/2019 10/04/19 Pending -- -- --
10/03/2019 10/03/19 For Sale $499,900 -- $168 / 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
2025 $5,814 $316,990 -- --
2024 $5,609 $307,760 -- --
2023 $5,609 $298,800 $0 $0
2022 $4,904 $298,800 $0 $0
2021 $4,841 $281,660 $0 $0
2020 $4,815 $273,460 $0 $0
2019 $4,708 $265,500 $0 $0
2018 $4,563 $257,770 $0 $0
2017 $4,422 $250,270 $0 $0
2016 $4,298 $242,990 $0 $0
2015 $4,133 $235,920 $0 $0
2014 $4,113 $229,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19164889

Regional Multiple Listing Service (RMLS)

APN: R0744485