NOT LISTED FOR SALE

2537 SW Spring Garden St Portland, OR 97219

Multnomah Neighborhood

Estimated Value: $601,347 - $748,000

5 Beds
4 Baths
1,888 Sq Ft
$348/Sq Ft Est. Value

Last Sold September 17, 2021

Last sale price $500,000 $265 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,319/month

7 Days on Market

Highlights

  • Attached Garage
  • Zoned Heating
  • Level Lot
  • Storage
  • High Speed Internet
  • Lap Siding

About This Home

As of September 2021

Super One-Level Duplex w/upside potential! Stellar SW Portland location/less than 5 miles to town, OHSU, PCC, shopping & more! great tenants pay on time, even during Covid. Newer vinyl windows, siding, roof & gutters! 3 bd unit recently updated w/new carpet/interior paint. Rarely vacant! Seller licensed in Oregon (for property mgmt).

Last Agent to Sell the Property

Mariesa Peterson

MORE Realty License #950400182 Listed on: 07/24/2021

MORE Realty

Last Buyer's Agent

Liviu Bec

eXp Realty, LLC License #200302026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,886

Year Built

  • Built in 1981

Lot Details

  • Level Lot

Home Design

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

Interior Spaces

  • 1,888 Sq Ft Home
  • 1-Story Property
  • Storage
  • Crawl Space

Parking

  • Attached Garage
  • Carport

Schools

  • Maplewood Elementary School
  • Jackson Middle School
  • Ida B Wells High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R211279

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $9,700
  • Gross Income $38,400
  • Net Operating Income $28,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,886

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1981
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attached
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: CementSiding,LapSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Concrete
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Maplewood
  • High School: Ida B Wells
  • Middle Or Junior School: Jackson

Lot Info

  • Zoning: R2
  • Parcel #: R211279

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2020
  • Tax Annual Amount: 6885.89

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.02
  • Annual Gross Income: 38400.0
  • Property Net Operating Income: 28700.0
  • Annual Operating Expense: 9700.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2021
Closed on
Sep 16, 2021
Sold by
Zimmerman Robert J and Zimmerman Laura M
Bought by
Araneta Mark Michael and Araneta Crissel Anne
Seller's Agent
Mariesa Peterson
MORE Realty
Buyer's Agent
Liviu Bec
eXp Realty, LLC
List Price
$499,900
Sold Price
$500,000
Premium/Discount to List
$100
0.02%
Total Days on Market
7
Current Estimated Value
$656,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,087
Avg. Annual Appreciation
7.53%
Original Mortgage
$375,000
Outstanding Balance
$344,459
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$311,628

Purchase Details

Closed on
Apr 4, 2016
Sold by
Zimmerman Robert J
Bought by
Zimmerman Robert J and Zimmerman Laura M

Purchase Details

Closed on
Apr 16, 2004
Sold by
Spring Garden Llc
Bought by
Zimmerman Robert J and Zimmerman Laura M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 11, 2001
Sold by
Zimmerman Robert J and Zimmerman Laura M
Bought by
Spring Garden Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
7.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 2001
Sold by
Wilcox Jerry A
Bought by
Zimmerman Robert J and Zimmerman Laura M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
7.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 3, 1996
Sold by
Krishnamurthy Gerbail T
Bought by
Wilcox Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,200
Interest Rate
7.97%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Araneta Mark Michael $500,000 Chicago Title
Zimmerman Robert J -- None Available
Zimmerman Robert J -- Chicago Title Insurance Comp
Spring Garden Llc -- --
Zimmerman Robert J $170,000 --
Wilcox Judith A $165,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Araneta Mark Michael $375,000
Previous Owner Zimmerman Robert J $137,000
Previous Owner Zimmerman Robert J $136,000
Previous Owner Wilcox Judith A $107,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2021 09/17/21 Sold $500,000 0.0% $265 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $499,900 -- $265 / 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 $7,804 $294,800 $0 $0
2022 $7,636 $286,220 $0 $0
2021 $7,501 $277,890 $0 $0
2020 $6,886 $269,800 $0 $0
2019 $6,838 $261,950 $0 $0
2018 $6,438 $254,330 $0 $0
2017 $6,170 $246,930 $0 $0
2016 $5,646 $239,740 $0 $0
2015 $5,486 $232,760 $0 $0
2014 $4,702 $225,990 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21656171

Regional Multiple Listing Service (RMLS)

APN: R211279