NOT LISTED FOR SALE

248 Cervantes Unit 254 Lake Oswego, OR 97035

Mountain Park Neighborhood

Estimated Value: $1,015,000 - $1,244,875

4 Beds
4 Baths
5,780 Sq Ft
$196/Sq Ft Est. Value

Last Sold February 07, 2019

Last sale price $837,500 $145 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $7,102/month

4 Days on Market

Highlights

  • Private Lot
  • Views
  • Parking Storage or Cabinetry
  • Fireplace
  • Landscaped with Trees
  • Garage

About This Home

As of February 2019

Fantastic 4plex,all units are spacious 2 bed/2Bath set-up.Desirable Mt. Park area in LO.GREAT RENTAL HISTORY.Tenants pay all utilities.Units incl washer & dryer, expansive back deck over looking green space, range, refrigerator, window coverings, disposal, fireplace, and garage.Sellers have been diligent about regular maintenance-fresh ext paint. HOA fee provides tenants access to Mt Park Rec Ctr & Pool.Buyer to perform due diligence.

Last Agent to Sell the Property

Tessa Gold

John L. Scott License #201207872 Listed on: 12/03/2018

John L. Scott

Last Buyer's Agent

Chris Shepard

Uptown Properties, LLC License #201012092

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,706

Year Built

  • Built in 1980

Lot Details

  • Private Lot
  • Landscaped with Trees

Home Design

  • Wood Siding

Interior Spaces

  • Fireplace
  • Washer and Dryer
  • Property Views

Kitchen

  • Range
  • Dishwasher

Parking

  • Garage
  • Parking Storage or Cabinetry

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,706

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 5780
  • Year Built: 1980
  • Remarks Public: Fantastic 4plex,all units are spacious 2 bed/2Bath set-up.Desirable Mt. Park area in LO.GREAT RENTAL HISTORY.Tenants pay all utilities.Units incl washer & dryer, expansive back deck over looking green space, range, refrigerator, window coverings, disposal, fireplace, and garage.Sellers have been diligent about regular maintenance-fresh ext paint. HOA fee provides tenants access to Mt Park Rec Ctr & Pool.Buyer to perform due diligence.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: MOUNTAIN PARK, BLOCK 42, LOT 8
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Roof Type: Tile
  • View: Trees/Woods
  • View: Yes

Garage/Parking

  • Parking Description: Garage

Utilities

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

Condo/Co-op/Association

  • Common Amenities: Pool, Recreation Facilities, Athletic Court
  • Unit Features: Dishwasher, Fireplace, Range, Washer/Dryer

Schools

  • Elementary School: Markham
  • Middle School: Jackson
  • High School: Wilson

Lot Info

  • Lot Description: Private, Trees
  • Zoning: Multi

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Amount: 10422.51
  • Assessor Parcel Number: R222789
  • Tax Year: 2017

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.43

MLS Schools

  • Elementary School: Markham
  • High School: Wilson
  • Middle School: Jackson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 9, 2022
Sold by
Shepard Consultants Llc
Bought by
Eagle Cliff Llc
Current Estimated Value
$1,132,969

Purchase Details

Closed on
Nov 10, 2021
Sold by
248 Cervantes Llc
Bought by
Shepard Consultants Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,000
Interest Rate
2.99%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 3, 2018
Closed on
Jan 24, 2019
Sold by
Severance Laurence J and Long Judith E
Bought by
Shepard Christopher
Seller's Agent
Tessa Gold
John L. Scott
Buyer's Agent
Chris Shepard
Uptown Properties, LLC
List Price
$849,900
Sold Price
$837,500
Premium/Discount to List
-$12,400
-1.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.56%
Original Mortgage
$628,143
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2005
Sold by
Severance Laurence J
Bought by
Severance Laurence J and Long Judith E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
5.72%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 28, 2004
Sold by
Bauman Brian D and Bauman Leigh A
Bought by
Severance Laurence J and Long Judith E

Purchase Details

Closed on
Aug 6, 2002
Sold by
Hawley Cameron
Bought by
Bauman Brian D and Bauman Leigh A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage
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
Eagle Cliff Llc -- Lawyers Title
Shepard Consultants Llc -- Wfg T Itle
Shepard Consultants Llc -- Wfg Title
Shepard Christopher $837,525 First American Title
Severance Laurence J -- --
Severance Laurence J $508,000 Fidelity Natl Title Co Of Or
Bauman Brian D $450,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shepard Consultants Llc $730,000
Previous Owner Shepard Christopher $628,143
Previous Owner Severance Laurence J $408,000
Previous Owner Bauman Brian D $337,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2019 02/07/19 Sold $837,500 -1.5% $145 / Sq Ft
12/07/2018 12/07/18 Pending -- -- --
12/03/2018 12/03/18 For Sale $849,900 -- $147 / 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 $13,706 $607,240 -- --
2024 $13,211 $589,560 -- --
2023 $12,776 $572,390 $0 $0
2022 $12,368 $555,720 $0 $0
2021 $12,119 $539,540 $0 $0
2020 $11,516 $523,830 $0 $0
2019 $11,219 $508,580 $0 $0
2018 $10,848 $493,770 $0 $0
2017 $10,423 $479,390 $0 $0
2016 $9,178 $465,430 $0 $0
2015 $8,891 $451,880 $0 $0
2014 $8,387 $438,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tessa Gold

    Seller's Agent in 2019

    Tessa Gold

    John L. Scott

    (503) 624-2900

    1 in this area

    182 Total Sales

    Tessa Gold
    Section Image
  • Chris Shepard

    Buyer's Agent in 2019

    Chris Shepard

    Uptown Properties, LLC

    (503) 941-0276

    14 Total Sales

    Chris Shepard
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18146636

Regional Multiple Listing Service (RMLS)

APN: R222789

Oregon Multnomah County Lake Oswego 97035 Mountain Park

248 Cervantes Unit 254, Lake Oswego, OR

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