Excellent opportunity to own 2 spacious units on an oversized lot in the heart of Gresham. These units are in high rental demand with ample parking and their own private yards. This is a great opportunity to earn over a 6 CAP in an area that continues to improve.
Remarks Public: Excellent opportunity to own 2 spacious units on an oversized lot in the heart of Gresham. These units are in high rental demand with ample parking and their own private yards. This is a great opportunity to earn over a 6 CAP in an area that continues to improve.
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Legal Description: ASPEN HIGHLANDS, BLOCK 2, LOT 1
Exterior Features
Exterior Description: Cement Siding
Lot Size: 7,000 to 9,999 SqFt
Roof Type: Composition
Garage/Parking
Garage Or Parking Spaces: 2
Parking Description: Paved
Utilities
Fuel Description: Electricity
Hot Water: Electricity
Sewer: Public Sewer
Water Description: Public
Heating Description: Baseboard
Condo/Co-op/Association
Unit Features: Dishwasher, Disposal, Range, Refrigerator
Schools
Elementary School: Highland
Middle School: Clear Creek
High School: Gresham
Lot Info
Lot Description: Level
Zoning: LDR-5
Rental Info
Rent Includes: Sewer, Water
Tax Info
Tax Amount: 3048.78
Assessor Parcel Number: R110165
Tax Year: 2018
Multi Family
Unit Type: 1, 2
Number Of Units Total: 2
Gross Rent Multiplier: 10.46
MLS Schools
Elementary School: Highland
High School: Gresham
Middle School: Clear Creek
Ownership History
DateNameOwned ForOwner Type
Nov 2019 - PresentMartin Elizabeth M5 Years and 7 Months
Private Individual
Purchase Details
Listed on
Oct 16, 2019
Closed on
Nov 26, 2019
Sold by
Equity West Lth Pool I Llc
Bought by
Martin Elizabeth M
Seller's Agent
Sean Robbins
eXp Realty LLC
Buyer's Agent
Jessica Tindell
Tindell & Co
List Price
$299,900
Sold Price
$303,000
Premium/Discount to List
$3,100
1.03%
Current Estimated Value
$440,961
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,961
Avg. Annual Appreciation
6.97%
Original Mortgage
$287,850
Outstanding Balance
$256,957
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$183,087
Dec 2014 - Nov 2019Equity West Lth Pool I Llc4 Years and 11 Months
Company
Purchase Details
Closed on
Dec 16, 2014
Sold by
Ewcp Lth Fund Llc
Bought by
Equity West Lth Pool I Llc
Sep 2014 - Dec 2014Ewcp Lth Fund Llc3 Months
Company
Purchase Details
Closed on
Sep 8, 2014
Sold by
Le Hai
Bought by
Ewcp Lth Fund Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,500,000
Interest Rate
4.13%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Nov 2003 - Sep 2014Le Hai10 Years and 10 Months
Private Individual
Purchase Details
Closed on
Nov 25, 2003
Sold by
Hampton Lewis B
Bought by
Le Hai
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,800
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Feb 1998 - Nov 2003Hampton Lewis B5 Years and 9 Months
Private Individual
Purchase Details
Closed on
Feb 13, 1998
Sold by
Tarlow Family Ltd Partnership
Bought by
Hampton Lewis B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,300
Interest Rate
6.98%
Mortgage Type
Purchase Money Mortgage
Aug 1996 - Feb 1998Tarlow Family Ltd Partnership1 Year and 6 Months
Company
Purchase Details
Closed on
Aug 19, 1996
Sold by
Casterline Exchange Service
Bought by
Tarlow Family Ltd Partnership
Jul 1996 - Aug 1996Casterline Exchange Service1 Month
Income-producing duplex in thriving downtown Gresham--fantastic location just off Main Street's shops & restaurants. Centrally situated with access to services and transportation makes this easy to rent. Well-maintained property with newer paint, floors and appliances. Property is professionally managed--possible owner-occupied with rental unit. DCC zoning offers commercial possibilities. Keep
Don’t miss this turnkey side-by-side duplex on a quiet cul-de-sac near Mt. Hood Community College and Mt. Hood Kaiser Medical Center. Each one-level unit offers 1,068 square feet of comfortable living, featuring large bedrooms, in-unit laundry rooms, and convenient tuck-under garages. Both units include full kitchens with dishwashers, generous living areas, and access to a large backyard—perfect
Great income producing duplex or live in one unit while offsetting your mortgage with income. Conveniently located in a charming, established SE Portland neighborhood! The main level is 1032sqft with three bedrooms and one bathroom, beautifully refinished hardwood floors and a new slider that opens to a covered patio. The kitchen is fully equipped and opens to a spacious dining area with built-in
Collateral Analytics
Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.
Not Available
Collateral Analytics does not have data for the current month. Please view the chart for historical values.
ICE
ICE Mortgage Technology
ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.
Not Available
ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.
First American
First American
First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.
Not Available
First American does not have data for the current month. Please view the chart for historical values.
Quantarium
Quantarium
Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.
Not Available
Quantarium does not have data for the current month. Please view the chart for historical values.
Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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
Martin Elizabeth M
$303,000
Wfg Title
Equity West Lth Pool I Llc
--
None Available
Ewcp Lth Fund Llc
$123,541
None Available
Le Hai
$152,000
Multiple
Hampton Lewis B
$143,350
First American Title Ins Co
Tarlow Family Ltd Partnership
$1,615,000
Transnation Title Insurance
Casterline Exchange Service
$1,615,000
Transnation Title Insurance
Root Holdings Llc
$1,470,000
Chicago Title
Source: Public Records
Mortgage History
Date
Status
Borrower
Loan Amount
Open
Martin Elizabeth M
$287,850
Previous Owner
Ewcp Lth Fund Llc
$5,500,000
Previous Owner
Ewcp Lth Fund Llc
$5,500,000
Previous Owner
Le Hai
$98,800
Previous Owner
Hampton Lewis B
$100,300
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
12/16/201912/16/19
Sold
$303,000
+1.0%
$189 / Sq Ft
10/30/201910/30/19
Pending
--
--
--
10/16/201910/16/19
For Sale
$299,900
--
$187 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
This home is located at 255 NW 20th St Unit 275, Gresham, OR 97030 since 16 October 2019 and is currently estimated at $440,961, approximately $275 per square foot. This property was built in 1967. 255 NW 20th St Unit 275 is a home located in Multnomah County with nearby schools including Highland Elementary School, Clear Creek Middle School, and Gresham High School.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
