NOT LISTED FOR SALE

Estimated Value: $566,000 - $698,000

5 Beds
4 Baths
2,200 Sq Ft
$275/Sq Ft Est. Value

Last Sold August 10, 2021

Last sale price $550,000 $250 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,816/month

7 Days on Market

Highlights

  • Attached Garage
  • High Speed Internet
  • Wood Siding
  • Views
  • Level Lot
  • 5-minute walk to Lincoln Park

About This Home

As of August 2021

Income producing duplex. One long term renter that would like to stay currently rented at $1650/mo. Vacant side has recently rented for $1600/mo. Large fenced yards, attached garages and 3 roomy bedrooms. Washer/Dryer hookups and Pacific University, restaurants, coffee and tap houses, Farmers Market, parks and pool are part of Forest Grove's many amenities. Do not disturb tenants

Last Listed By

Darcey Edwards

Edwards Realty Trust Corporation License #201103029 Listed on: 06/17/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,426

Year Built

  • Built in 1971

Lot Details

  • 8,712

Parking

  • Attached Garage

Home Design

  • Wood Siding

Kitchen

  • Range
  • Dishwasher

Utilities

  • Electric Water Heater
  • High Speed Internet

Additional Features

  • Crawl Space
  • Level Lot
  • Property Views

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,426

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2200
  • Year Built: 1971
  • Property Condition: Existing
  • Remarks Public: Income producing duplex. One long term renter that would like to stay currently rented at $1650/mo. Vacant side has recently rented for $1600/mo. Large fenced yards, attached garages and 3 roomy bedrooms. Washer/Dryer hookups and Pacific University, restaurants, coffee and tap houses, Farmers Market, parks and pool are part of Forest Grove's many amenities. Do not disturb tenants
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: ACRES 0.20
  • Basement: Crawl Space
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Composition
  • View: Territorial
  • View: Yes
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Attached, Garage

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard
  • Internet Service Type: Cable, Wireless
  • Security: Unknown

Condo/Co-op/Association

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

Schools

  • Elementary School: Harvey Clark
  • Middle School: Neil Armstrong
  • High School: Forest Grove

Lot Info

  • Lot Description: Level
  • Zoning: Resid

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Amount: 4493.69
  • Assessor Parcel Number: R2076129
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 16.38

MLS Schools

  • Elementary School: Harvey Clark
  • High School: Forest Grove
  • Middle School: Neil Armstrong

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2021
Closed on
Jul 29, 2021
Sold by
Reid Luke and Reid Alissa
Bought by
Terrasas Sanchez Sofia G
Seller's Agent
Darcey Edwards
Edwards Realty Trust Corporation
Buyer's Agent
Luis Serrano
MORE Realty
List Price
$549,900
Sold Price
$550,000
Premium/Discount to List
$100
0.02%
Total Days on Market
7
Current Estimated Value
$603,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,968
Avg. Annual Appreciation
2.09%
Original Mortgage
$540,038
Outstanding Balance
$502,125
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$92,546

Purchase Details

Closed on
Apr 6, 2017
Sold by
Kolehmainen Justin A and Kolemainen Hannah T
Bought by
Reid Luke and Reid Alissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2005
Sold by
Friesen Leo D and Friesen Mildred V
Bought by
Kolehmainen Justin A and Kolehmainen Hannah T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
5.7%
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
Terrasas Sanchez Sofia G $550,000 Old Republic Title Co Of Or
Reid Luke $295,000 First American
Kolehmainen Justin A $200,000 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Terrasas-Sanchez Sofia G $33,430
Open Terrasas Sanchez Sofia G $540,038
Previous Owner Reid Luke $221,250
Previous Owner Kolehmainen Justin A $172,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2021 08/10/21 Sold $550,000 0.0% $250 / Sq Ft
06/24/2021 06/24/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $549,900 -- $250 / 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 $5,426 $295,840 -- --
2024 $5,235 $287,230 -- --
2023 $5,235 $278,870 $0 $0
2022 $4,577 $278,870 $0 $0
2021 $4,518 $262,870 $0 $0
2020 $4,494 $255,220 $0 $0
2019 $4,394 $247,790 $0 $0
2018 $4,259 $240,580 $0 $0
2017 $4,127 $233,580 $0 $0
2016 $4,011 $226,780 $0 $0
2015 $3,857 $220,180 $0 $0
2014 $3,797 $213,770 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21198363

Regional Multiple Listing Service (RMLS)

APN: R2076129