NOT LISTED FOR SALE

2425 NE Division St Gresham, OR 97030

Northeast Gresham Neighborhood

Estimated Value: $534,000 - $613,262

8 Beds
3 Baths
2,696 Sq Ft
$213/Sq Ft Est. Value

Last Sold December 15, 2015

Last sale price $315,000 $117 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $3,461/month

180 Days on Market

Highlights

  • Golf Course Community
  • Fireplace
  • Views
  • Deck
  • Attached Garage
  • Property is near a bus stop

About This Home

As of December 2015

PRESENTLY USED AS A CARE FACILITY. IT COULD BE RETURNED TO A DUPLEX WITH ONE SIMPLE WALL. PRESENT TENANTS WILL LEAVE AT END OF THE YEAR. ABUTS THE GRESHAM GOLF COURSE. FENCED YARD. RENT FOR THIS UNIT AS BEING USED IS $2810.16 A MONTH. WEST UNIT COULD BE 2-3 BR,1 BATH,UTILITY ROOM,KIT,NOOK,LR. SECOND UNIT COULD BE 5 BR,2 BATH,UTILITY ROOM, KIT, NOOK LR W/FIREPLACE. GARAGE CONVERTED INTO BEDROOM & STORAGE UNIT.

Last Agent to Sell the Property

Georgetown Realty Inc

Georgetown Realty Inc. License #780303599 Listed on: 02/13/2015

Last Buyer's Agent

Bill Bailey

RE/MAX Advantage Group License #931000256

RE/MAX Advantage Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,156

Year Built

  • Built in 1976

Lot Details

  • 0.27

Parking

  • Attached Garage

Interior Spaces

  • 1-Story Property
  • Fireplace
  • Property Views

Kitchen

  • Range
  • Dishwasher

Outdoor Features

  • Deck
  • Outdoor Storage

Additional Features

  • Level Lot
  • Property is near a bus stop
  • Electric Water Heater

Community Details

Overview

  • 2 Units

Recreation

  • Golf Course Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,156

Year Built

Built in 1976

Lot Details

0

Parking

4

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 2696
  • Stories: 1
  • Year Built: 1976
  • Year Built Description: Approximately
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space
  • Legal Description: RICHARD & MARY ADD, BLOCK 1, LOT 36
  • Storage: Deck

Exterior Features

  • Lot Size: 10,000 to 14,999 SqFt
  • Roof Type: Composition
  • View: Golf Course
  • View: Yes

Garage/Parking

  • Garage Or Parking Spaces: 4
  • Parking Description: Attached, Garage

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard

Condo/Co-op/Association

  • Unit Features: Deck, Dishwasher, Fireplace, Range, Refrigerator

Lot Info

  • Lot Description: On Busline, Golf Course, Level
  • Zoning: LDR-7

Tax Info

  • Tax Amount: 3588.87
  • Assessor Parcel Number: R254195

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 9.78

MLS Schools

  • Elementary School: Hall
  • High School: Sam Barlow
  • Middle School: Gordon Russell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2021
Sold by
Schneider Robert E
Bought by
Schneider Robert E and The Robert E Schneider Family
Current Estimated Value
$563,290

Purchase Details

Closed on
Oct 1, 2015
Sold by
Nett Bob
Bought by
R & B Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 11, 2015
Sold by
R & B Investments Llc
Bought by
Schneider Robert E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 26, 2010
Sold by
My Fathers House
Bought by
R & B Investments Llc

Purchase Details

Closed on
Aug 11, 2008
Sold by
My Fathers House
Bought by
Nett Bob and Nett Robin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 12, 2008
Sold by
Taylor Robert E
Bought by
My Fathers House

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 17, 2003
Sold by
Taylor Robert E
Bought by
My Fathers House

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 27, 1996
Sold by
Mal Daniel
Bought by
Taylor Robert E
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
Schneider Robert E -- None Available
R & B Investments Llc -- First American
Schneider Robert E $315,000 First American
R & B Investments Llc -- Ticor Title
Nett Bob $330,000 Ticor Title
My Fathers House -- Lawyers Title Ins
My Fathers House $230,000 Fidelity National Title Co
Taylor Robert E $187,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schneider Robert E $205,000
Previous Owner Nett Bob $231,000
Previous Owner My Fathers House $240,000
Previous Owner My Fathers House $215,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2015 12/15/15 Sold $315,000 -4.5% $117 / Sq Ft
08/12/2015 08/12/15 Pending -- -- --
02/13/2015 02/13/15 For Sale $330,000 -- $122 / 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 $6,156 $302,490 -- --
2024 $5,892 $293,680 -- --
2023 $5,368 $285,130 $0 $0
2022 $5,218 $276,830 $0 $0
2021 $5,087 $268,770 $0 $0
2020 $4,786 $260,950 $0 $0
2019 $4,661 $253,350 $0 $0
2018 $4,444 $245,980 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2015

    Georgetown Realty Inc

    Georgetown Realty Inc.

    (503) 789-5359

    62 Total Sales

    Georgetown Realty Inc
    Section Image
  • Bill Bailey

    Buyer's Agent in 2015

    Bill Bailey

    RE/MAX

    (503) 348-6380

    1 in this area

    175 Total Sales

    Bill Bailey
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 15647105

Regional Multiple Listing Service (RMLS)

APN: R254195

Oregon Multnomah County Gresham 97030 Northeast Gresham

2425 NE Division St, Gresham, OR

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