NOT LISTED FOR SALE

2628 SE 157th Ave Portland, OR 97236

Centennial Neighborhood

Estimated Value: $448,000 - $523,000

5 Beds
2 Baths
2,168 Sq Ft
$227/Sq Ft Est. Value

Last Sold March 28, 2019

Last sale price $350,000 $161 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,099/month

4 Days on Market

Highlights

  • Detached Garage
  • Tankless Water Heater
  • Level Lot
  • Air Conditioning
  • Washer and Dryer

About This Home

As of March 2019

Amazing opportunity. Tudor-style home with two units. Both units are in great condition! Basement 2beds/1bth can be rented for $1050. Upstairs unit 3beds/1bth can easily be rented for $1600+. Both units have their own wash/dry. Huge, flat lot. Detached garage. Potential for ADU on property. Hot tub of no value. Open Sat & Sun 1-3.

Last Agent to Sell the Property

Reese Iris

Windermere Realty Trust License #200210121 Listed on: 02/21/2019

Windermere Realty Trust

Last Buyer's Agent

Becky & Gary Viles

MORE Realty License #200004024

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,999

Year Built

  • Built in 1937

Lot Details

  • 0.28

Parking

  • Detached Garage

Home Design

  • Brick Exterior Construction

Utilities

  • Air Conditioning
  • Heating System Uses Gas
  • Tankless Water Heater

Additional Features

  • Range
  • Washer and Dryer
  • Basement Fills Entire Space Under The House
  • Level Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,999

Year Built

Built in 1937

Lot Details

0

Parking

2

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2168
  • Year Built: 1937
  • Property Condition: Approximately
  • Remarks Public: Amazing opportunity. Tudor-style home with two units. Both units are in great condition! Basement 2beds/1bth can be rented for $1050. Upstairs unit 3beds/1bth can easily be rented for $1600+. Both units have their own wash/dry. Huge, flat lot. Detached garage. Potential for ADU on property. Hot tub of no value. Open Sat & Sun 1-3.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: PARTITION PLAT 1991-58, LOT 2
  • Basement: Finished, Full Basement

Exterior Features

  • Exterior Description: Brick
  • Lot Size: 10,000 to 14,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 2
  • Parking Description: Detached

Utilities

  • Fuel Description: Gas
  • Hot Water: Tankless
  • Sewer: Public Sewer
  • Water Description: Public
  • Cooling Description: Central Air
  • Heating Description: Forced Air

Condo/Co-op/Association

  • Unit Features: Range, Refrigerator, Washer/Dryer, Air Conditioning

Schools

  • Elementary School: Patrick Lynch
  • Middle School: Centennial
  • High School: Centennial

Lot Info

  • Lot Description: Level
  • Zoning: R-7

Rental Info

  • Rent Includes: Trash Collection

Tax Info

  • Tax Amount: 3763.26
  • Assessor Parcel Number: R237110
  • Tax Year: 2017

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.05

MLS Schools

  • Elementary School: Patrick Lynch
  • High School: Centennial
  • Middle School: Centennial

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2021
Sold by
Harrison Jason
Bought by
Jh157 Llc
Current Estimated Value
$493,200

Purchase Details

Listed on
Feb 21, 2019
Closed on
Mar 15, 2019
Sold by
Schnacky Christopher L and Gordon Schnacky Molly R
Bought by
Harrison Jason
Seller's Agent
Reese Iris
Windermere Realty Trust
Buyer's Agent
Becky & Gary Viles
MORE Realty
List Price
$325,000
Sold Price
$350,000
Premium/Discount to List
$25,000
7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.57%
Original Mortgage
$308,000
Interest Rate
4.3%
Mortgage Type
VA

Purchase Details

Closed on
Jul 28, 2017
Sold by
Schnacky Christopher L
Bought by
Schancky Christopher L and Gordon Schnacky Molly R

Purchase Details

Closed on
Oct 27, 2009
Sold by
Millard Gary R
Bought by
Schnacky Christopher L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,446
Interest Rate
5%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 30, 1998
Sold by
Peterson Michael W
Bought by
Peterson Michael W and Peterson Lynn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage
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
Jh157 Llc -- None Available
Harrison Jason $350,000 Wfg Title
Schancky Christopher L -- Ticor Title Company Of Or
Schnacky Christopher L $233,700 Lawyers Title Insurance Corp
Peterson Michael W -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harrison Jason $305,000
Previous Owner Harrison Jason $308,000
Previous Owner Schnacky Christopher L $229,446
Previous Owner Millard Gary R $197,925
Previous Owner Millard Gary R $132,000
Previous Owner Peterson Michael W $103,000
Closed Millard Gary R $24,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2019 03/28/19 Sold $350,000 +7.7% $161 / Sq Ft
02/25/2019 02/25/19 Pending -- -- --
02/21/2019 02/21/19 For Sale $325,000 -- $150 / 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
2024 $4,999 $218,790 -- --
2023 $4,999 $212,420 $0 $0
2022 $4,669 $206,240 $0 $0
2021 $4,710 $200,240 $0 $0
2020 $4,200 $194,410 $0 $0
2019 $4,041 $188,750 $0 $0
2018 $3,906 $183,260 $0 $0
2017 $3,763 $177,930 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Reese Iris

    Seller's Agent in 2019

    Reese Iris

    Windermere Realty Trust

    (503) 539-1143

    73 Total Sales

    Reese Iris
    Section Image
  • Becky & Gary Viles

    Buyer's Agent in 2019

    Becky & Gary Viles

    MORE Realty

    (503) 784-1995

    17 Total Sales

    Becky & Gary Viles
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19490445

Regional Multiple Listing Service (RMLS)

APN: R237110

Oregon Multnomah County Portland 97236 Centennial

2628 SE 157th Ave, Portland, OR

This home is located at 2628 SE 157th Ave, Portland, OR 97236 since 21 February 2019 and is currently estimated at $493,200, approximately $227 per square foot. This property was built in 1937. 2628 SE 157th Ave is a home located in Multnomah County with nearby schools including Powell Butte Elementary School, Centennial Middle School, and Centennial High School.

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