NOT LISTED FOR SALE

2490 SE 7th St Unit 2492 Gresham, OR 97080

Mount Hood Neighborhood

Estimated Value: $483,554 - $530,000

5 Beds
4 Baths
1,820 Sq Ft
$281/Sq Ft Est. Value

Last Sold November 18, 2022

Last sale price $525,000 $288 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,117/month

18 Days on Market

Highlights

  • Forced Air Heating System
  • Level Lot
  • 1-Story Property
  • Garage
  • Lap Siding

About This Home

As of November 2022

Great Duplex for an investor or owner occupant! Occupied unit is 3 bdrm 2 bath. Vacant/move in ready unit is 2 bdrm 1 bath. Fabulous large/fenced back yards. Fresh ext. remodel with new siding, paint, and gutters. Subject to Sellers 1031 exch. at no impact to Buyer. Please use Showingtime. 24hr notice to show occ unit or make offer subject to interior inspec. Show vacant unit at will. Investors: Duplex next door may be avail as well. Seller offers 10k to buyers ccs/interest buydown/prepaids.

Last Agent to Sell the Property

Debra Mills

Oregon First License #201103056 Listed on: 10/05/2022

Oregon First

Last Buyer's Agent

Arthur Klassen

Keller Williams PDX Central License #201235233

Keller Williams PDX Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,145

Year Built

  • Built in 1978 | Remodeled

Lot Details

  • Level Lot

Parking

  • Garage

Home Design

  • Composition Roof
  • Lap Siding
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,820 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

  • Hogan Cedars Elementary School
  • Dexter Mccarty Middle School
  • Gresham High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R164235

Community Details

Overview

  • 2 Units
  • Fleming Terrace Subdivision

Building Details

  • Gross Income $15,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,145

Year Built

Built in 1978 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1978
  • Property Condition: UpdatedRemodeled
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: CementSiding,LapSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: GentleSloping, Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: Hogan Cedars
  • High School: Gresham
  • Middle Or Junior School: Dexter McCarty

Lot Info

  • Zoning: MDR-12
  • Parcel #: R164235

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 4145.28

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 33.14
  • Annual Gross Income: 15840.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2022
Closed on
Oct 24, 2022
Sold by
Riggs Michael G
Bought by
Belinskiy David and Vyrayshchikova Yekaterina
Seller's Agent
Debra Mills
Oregon First
Buyer's Agent
Arthur Klassen
Keller Williams PDX Central
List Price
$524,900
Sold Price
$525,000
Premium/Discount to List
$100
0.02%
Views
29
Current Estimated Value
$512,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,861
Avg. Annual Appreciation
-0.84%
Original Mortgage
$515,490
Outstanding Balance
$498,432
Interest Rate
6.94%
Mortgage Type
FHA
Estimated Equity
$13,707

Purchase Details

Closed on
Apr 30, 2018
Sold by
Riggs Stacey L
Bought by
Riggs Michael G and Riggs Stacey L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2004
Sold by
Riggs Michael G
Bought by
George Stacey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
5.8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 31, 1996
Sold by
Elder Jerry O
Bought by
Riggs Michael G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
7.25%
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
Belinskiy David $525,000 First American Title
Riggs Michael G -- Fidelity National Title
George Stacey $180,000 Lawyers Title Ins
Riggs Michael G $130,000 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Belinskiy David $515,490
Previous Owner Riggs Michael G $224,000
Previous Owner George Stacey $156,000
Previous Owner Riggs Michael G $117,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2022 11/18/22 Sold $525,000 0.0% $288 / Sq Ft
10/24/2022 10/24/22 Pending -- -- --
10/05/2022 10/05/22 For Sale $524,900 -- $288 / 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 $5,016 $246,490 -- --
2024 $4,802 $239,320 -- --
2023 $4,802 $232,350 $0 $0
2022 $4,252 $225,590 $0 $0
2021 $4,145 $219,020 $0 $0
2020 $3,900 $212,650 $0 $0
2019 $3,798 $206,460 $0 $0
2018 $3,622 $200,450 $0 $0
2017 $3,475 $194,620 $0 $0
2016 $3,064 $188,960 $0 $0
2015 $2,998 $183,460 $0 $0
2014 $2,884 $178,120 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Debra Mills

    Seller's Agent in 2022

    Debra Mills

    Oregon First

    (503) 572-8204

    1 in this area

    19 Total Sales

    Debra Mills
    Section Image
  • Arthur Klassen

    Buyer's Agent in 2022

    Arthur Klassen

    Keller Williams PDX Central

    (971) 201-1500

    2 in this area

    62 Total Sales

    Arthur Klassen
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22542046

Regional Multiple Listing Service (RMLS)

APN: R164235

Oregon Multnomah County Gresham 97080 Mount Hood

2490 SE 7th St Unit 2492, Gresham, OR

Not Listed for Sale

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