NOT LISTED FOR SALE

2626 NE 111th Dr Portland, OR 97220

Parkrose Heights Neighborhood

Estimated Value: $543,000 - $581,000

6 Beds
3 Baths
2,377 Sq Ft
$237/Sq Ft Est. Value

Last Sold March 05, 2019

Last sale price $453,500 $191 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,639/month

4 Days on Market

Highlights

  • Wood Flooring
  • Garage
  • Wood Siding
  • Fireplace
  • Level Lot
  • 3-minute walk to Knott Park

About This Home

As of March 2019

Excellent investment opportunity for a Single-family home w/garage plus a Duplex on the same parcel. Three dwellings, each is one level with 2 bedrooms, New roof, appliances, gas furnace, washer/dryer hookup and Handy sliders to fenced yards. Large lot may have development options- check with City for details. Convenient to shopping, schools and parks. Please do not disturb tenants.

Last Agent to Sell the Property

Laura Olin

Portland Digs License #200603368 Listed on: 02/01/2019

Last Buyer's Agent

Robert Chown

Where, Inc License #201214795

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,789

Year Built

  • Built in 1955

Lot Details

  • Level Lot

Home Design

  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Fireplace
  • Wood Flooring
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Dishwasher

Parking

  • Garage
  • Assigned Parking

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,789

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2377
  • Stories: 1
  • Year Built: 1955
  • Property Condition: Approximately
  • Remarks Public: Excellent investment opportunity for a Single-family home w/garage plus a Duplex on the same parcel. Three dwellings, each is one level with 2 bedrooms, New roof, appliances, gas furnace, washer/dryer hookup and Handy sliders to fenced yards. Large lot may have development options- check with City for details. Convenient to shopping, schools and parks. Please do not disturb tenants.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: PARKROSE HTS, BLOCK 18, LOT 31
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 20,000 SqFt to .99 Acres
  • Roof Type: Composition

Garage/Parking

  • Parking Description: Assigned, Garage

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air

Condo/Co-op/Association

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

Schools

  • Elementary School: Sacramento
  • High School: Parkrose

Lot Info

  • Lot Description: Level
  • Zoning: R7

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 5351.81
  • Assessor Parcel Number: R236370
  • Tax Year: 2017

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 14.42

MLS Schools

  • Elementary School: Sacramento
  • High School: Parkrose

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2022
Sold by
Rachel Vallely
Bought by
Vallely Joshua and Vallely Rachel
Current Estimated Value
$564,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Outstanding Balance
$478,051
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$112,086

Purchase Details

Listed on
Feb 1, 2019
Closed on
Feb 27, 2019
Sold by
Cathey Michele and Hamley Micah H
Bought by
Vallely Rachel H
Seller's Agent
Laura Olin
Portland Digs
Buyer's Agent
Robert Chown
Where, Inc
List Price
$442,900
Sold Price
$453,500
Premium/Discount to List
$10,600
2.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.16%
Original Mortgage
$430,825
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2013
Sold by
Hamley Micah H
Bought by
Hamley Micah H and Cathey Hamley Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,250
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2003
Sold by
Dehart Richard G
Bought by
Hamley Micah H and Hamley Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,300
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 19, 1996
Sold by
Dehart Richard G and Dehart Dixie L
Bought by
Dehart Richard G and Dehart Dixie L
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
Vallely Joshua -- Fidelity National Title
Vallely Rachel H $453,500 Old Republic Title Co
Hamley Micah H -- Lawyers Title
Hamley Micah H $227,000 Ticor Title Insurance Compan
Dehart Richard G -- Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vallely Joshua $510,000
Previous Owner Vallely Rachel H $430,825
Previous Owner Hamley Micah H $192,250
Previous Owner Hamley Micah H $378,800
Previous Owner Hamley Micah H $212,000
Previous Owner Hamley Micah H $204,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2019 03/05/19 Sold $453,500 +2.4% $191 / Sq Ft
02/05/2019 02/05/19 Pending -- -- --
02/01/2019 02/01/19 For Sale $442,900 -- $186 / 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 $6,789 $303,960 $0 $0
2022 $6,655 $295,110 $0 $0
2021 $6,543 $286,520 $0 $0
2020 $6,075 $278,180 $0 $0
2019 $5,749 $270,080 $0 $0
2018 $5,553 $262,220 $0 $0
2017 $5,352 $254,590 $0 $0
2016 $5,164 $247,180 $0 $0
2015 $5,065 $239,990 $0 $0
2014 $4,874 $233,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Laura Olin

    Seller's Agent in 2019

    Laura Olin

    Portland Digs

    (503) 819-5019

    46 Total Sales

    Section Image
  • Robert Chown

    Buyer's Agent in 2019

    Robert Chown

    Where, Inc

    (503) 473-2905

    83 Total Sales

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19421224

Regional Multiple Listing Service (RMLS)

APN: R236370

Oregon Multnomah County Portland 97220 Parkrose Heights

2626 NE 111th Dr, Portland, OR

This home is located at 2626 NE 111th Dr, Portland, OR 97220 since 01 February 2019 and is currently estimated at $564,116, approximately $237 per square foot. This property was built in 1955. 2626 NE 111th Dr is a home located in Multnomah County with nearby schools including Sacramento Elementary School, Parkrose Middle School, and Parkrose High School.

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