NOT LISTED FOR SALE

251 SE Kelly Ave Unit 253 Gresham, OR 97080

Historic Southeast Neighborhood

Estimated Value: $485,000 - $552,000

4 Beds
4 Baths
2,056 Sq Ft
$248/Sq Ft Est. Value

Last Sold July 27, 2021

Last sale price $440,000 $214 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,187/month

42 Days on Market

About This Home

As of July 2021

Great investment opportunity. Live in one unit and rent the other. Convenient location to Downtown Gresham, city park, shopping, restaurants, and transportation. Newer roof in 2019, Fresh interior paint in 2020. Both units include all kitchen applicants with new range-hoods, washer/dryer hood-up. Private backyard and deck.

Last Listed By

Hong Qiu Li

HomeSmart Realty Group License #200711115 Listed on: 04/28/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,340

Year Built

  • Built in 1972

Lot Details

  • 6,795

Home Design

  • Brick Exterior Construction
  • Wood Siding
  • Concrete Perimeter Foundation

Kitchen

  • Range
  • Dishwasher

Additional Features

  • Natural lighting in basement
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,340

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2056
  • Year Built: 1972
  • Property Condition: Approximately
  • Remarks Public: Great investment opportunity. Live in one unit and rent the other. Convenient location to Downtown Gresham, city park, shopping, restaurants, and transportation. Newer roof in 2019, Fresh interior paint in 2020. Both units include all kitchen applicants with new range-hoods, washer/dryer hood-up. Private backyard and deck.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: THOMPSONS ADD, BLOCK 6, LOT 4, LOT 5 EXC S 32'
  • Basement: Daylight, Finished

Exterior Features

  • Exterior Description: Brick, Wood Siding
  • Lot Size: 5K-6,999SF
  • Roof Type: Flat
  • Foundation Details: Concrete Perimeter
  • Road Surface: Concrete, Paved

Utilities

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

Condo/Co-op/Association

  • Unit Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup

Schools

  • Elementary School: East Gresham
  • Middle School: Dexter McCarty
  • High School: Gresham

Lot Info

  • Zoning: multi

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Amount: 3676.25
  • Assessor Parcel Number: R287178
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2

MLS Schools

  • Elementary School: East Gresham
  • High School: Gresham
  • Middle School: Dexter McCarty

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2021
Closed on
Jul 26, 2021
Sold by
Qiu Li Hong and Cau Tat Cau
Bought by
David Dunham and David Gaylene Dunham
Seller's Agent
Hong Qiu Li
HomeSmart Realty Group
Buyer's Agent
Grant Pautz
Premiere Property Group, LLC
List Price
$439,900
Sold Price
$440,000
Premium/Discount to List
$100
0.02%
Total Days on Market
42
Current Estimated Value
$509,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,612
Avg. Annual Appreciation
3.60%
Original Mortgage
$330,000
Outstanding Balance
$306,061
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$196,886

Purchase Details

Closed on
Oct 11, 2010
Sold by
Hsbc Bank Usa National Association
Bought by
Li Hong Qiu and Tat Cau

Purchase Details

Closed on
Sep 18, 2009
Sold by
Williams Nikolas E
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Aug 17, 2006
Sold by
Dewolfe Richard
Bought by
Williams Nikolas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
7.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 16, 2006
Sold by
Dewolfe Richard John
Bought by
Williams Nikolas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
7.25%
Mortgage Type
Seller Take Back

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
David Dunham $440,000 First American
Li Hong Qiu $118,000 Fatco
Hsbc Bank Usa National Association $165,750 Fatco
Williams Nikolas $175,000 Fidelity National Title Co
Williams Nikolas E $175,000 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open David Dunham $330,000
Previous Owner Williams Nikolas E $11,776
Previous Owner Williams Nikolas $131,250
Previous Owner Williams Nikolas E $188,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2021 07/27/21 Sold $440,000 0.0% $214 / Sq Ft
06/09/2021 06/09/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $439,900 0.0% $214 / Sq Ft
05/27/2021 05/27/21 Off Market $440,000 -- --
05/19/2021 05/19/21 For Sale $439,900 0.0% $214 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $439,900 -- $214 / 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 $4,340 $230,520 $0 $0
2022 $4,219 $223,810 $0 $0
2021 $3,907 $206,440 $0 $0
2020 $3,676 $200,430 $0 $0
2019 $3,580 $194,600 $0 $0
2018 $3,414 $188,940 $0 $0
2017 $3,275 $183,440 $0 $0
2016 $2,888 $178,100 $0 $0
2015 $2,825 $172,920 $0 $0
2014 $2,569 $160,840 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2021

    Hong Qiu Li

    HomeSmart Realty Group

  • Grant Pautz

    Buyer's Agent in 2021

    Grant Pautz

    Premiere Property Group, LLC

    (503) 724-2177

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21466300

Regional Multiple Listing Service (RMLS)

APN: R287178

Oregon Multnomah County Gresham 97080 Historic Southeast

251 SE Kelly Ave Unit 253, Gresham, OR

Homes for Sale in Gresham, OR

This home is located at 251 SE Kelly Ave Unit 253, Gresham, OR 97080 since 28 April 2021 and is currently estimated at $509,612, approximately $247 per square foot. This property was built in 1972. 251 SE Kelly Ave Unit 253 is a home located in Multnomah County with nearby schools including East Gresham Elementary School, Dexter McCarty Middle School, and Gresham High School.

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