NOT LISTED FOR SALE

2701 SE Long St Unit 2705 Portland, OR 97202

Reed Neighborhood

Estimated Value: $662,000 - $869,000

8 Beds
4 Baths
3,693 Sq Ft
$201/Sq Ft Est. Value

Last Sold December 15, 2015

Last sale price $585,000 $158 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $4,586/month

116 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Gentle Sloping Lot
  • Grout Elementary School Rated 9+
  • Storage
  • 1-minute walk to Tucker Maxon Goat Park

About This Home

As of December 2015

DO NOT DISTURB TENANTS. Offer Subject to inspection. Nicely renovated, excellent landscaping/fence. Cool interiors w/ hardwoods. Area has high demand for rents, Reed College just around the corner! Multiple buslines, quick downtown access, several parks nearby too.

Last Agent to Sell the Property

Chris Johnson

CORE, Realtors License #930700182 Listed on: 07/02/2015

Last Buyer's Agent

Ellen Bick

CORE, Realtors License #980300145

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,368

Year Built

  • Built in 1965

Lot Details

  • 5,009

Parking

  • Open Parking

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Window Treatments
  • Storage
  • Wood Flooring
  • Range

Additional Features

  • Deck
  • Gentle Sloping Lot
  • Electric Water Heater

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,368

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 3693
  • Stories: 2
  • Year Built: 1965
  • Year Built Description: Approximately
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Daylight, Full Basement, Slab
  • Legal Description: MEADOWBROOK, BLOCK 1, S 1/2 OF LOT 17&18
  • Storage: Attached, Individual Storage Units

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 5,000 to 6,999 SqFt

Garage/Parking

  • Parking Description: Open

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard
  • Utilities Included: Trash Collection, Water

Condo/Co-op/Association

  • Unit Features: Deck, Hardwood Floors, Range, Refrigerator, Window Coverings

Lot Info

  • Lot Description: Gentle Sloping
  • Zoning: IG1

Tax Info

  • Tax Amount: 5382.85
  • Assessor Parcel Number: R216123

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 10.73

MLS Schools

  • Elementary School: Grout
  • High School: Cleveland
  • Middle School: Hosford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2022
Sold by
Burnett Property Management Llc
Bought by
Downey Ronald A and Downey Alejandra R
Current Estimated Value
$743,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$657,000
Outstanding Balance
$631,363
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$111,637

Purchase Details

Closed on
Dec 10, 2020
Sold by
Cred Llc
Bought by
Burnett Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 2, 2015
Closed on
Dec 11, 2015
Sold by
Wallach Jeffrey C
Bought by
Cred Llc
Seller's Agent
Chris Johnson
CORE, Realtors
Buyer's Agent
Ellen Bick
CORE, Realtors
List Price
$625,000
Sold Price
$585,000
Premium/Discount to List
-$40,000
-6.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.45%
Original Mortgage
$410,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2011
Sold by
Wallach Jeffrey C
Bought by
Wallach Jeffrey C and Renfrow Renee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,250
Interest Rate
4.71%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Aug 13, 2007
Sold by
Kmre Llc
Bought by
Wallach Jeffrey C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
6.62%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 10, 2006
Sold by
Fredricks Christine L and Smith Christine L
Bought by
Kmre Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
6.16%
Mortgage Type
Seller Take Back
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
Downey Ronald A -- Lawyers Title
Burnett Property Management Llc $600,000 Old Republic Title
Cred Llc $585,000 Fidelity Natl Title Co Of Or
Wallach Jeffrey C -- Accommodation
Wallach Jeffrey C $378,000 Lawyers Title Ins
Kmre Llc $285,000 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Downey Ronald A $657,000
Previous Owner Burnett Property Management Llc $625,000
Previous Owner Cred Llc $410,000
Previous Owner Wallach Jeffrey C $296,250
Previous Owner Wallach Jeffrey C $93,000
Previous Owner Kmre Llc $235,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2015 12/15/15 Sold $585,000 -6.4% $158 / Sq Ft
10/26/2015 10/26/15 Pending -- -- --
07/02/2015 07/02/15 For Sale $625,000 -- $169 / 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 $8,368 $310,550 -- --
2024 $8,067 $301,510 -- --
2023 $7,757 $292,730 $0 $0
2022 $7,589 $284,210 $0 $0
2021 $7,461 $275,940 $0 $0
2020 $6,844 $267,910 $0 $0
2019 $6,593 $260,110 $0 $0
2018 $6,399 $252,540 $0 $0
2017 $6,133 $245,190 $0 $0
2016 $5,613 $238,050 $0 $0
2015 $5,465 $231,120 $0 $0
2014 $5,383 $224,390 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Johnson

    Seller's Agent in 2015

    Chris Johnson

    CORE, Realtors

    (971) 295-6164

    39 Total Sales

    Chris Johnson
    Section Image

  • E

    Buyer's Agent in 2015

    Ellen Bick

    CORE, Realtors

    (503) 481-0825

    31 Total Sales

    Ellen Bick
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 15028312

Regional Multiple Listing Service (RMLS)

APN: R216123

Oregon Multnomah County Portland 97202 Reed

2701 SE Long St Unit 2705, Portland, OR

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