NOT LISTED FOR SALE

Estimated Value: $677,000 - $734,000

6 Beds
3 Baths
4,605 Sq Ft
$155/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $592,400 $129 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,472/month

3 Days on Market

Highlights

  • City View
  • Detached Garage
  • 3-minute walk to Gresham Splash Pad Park
  • Corner Lot
  • Zoned Heating

About This Home

As of August 2020

This newer & well maintained downtown Gresham 3-plex offers two spacious 3 bed units w/ a 1-car garage, large living rooms, washer & dryer, Trex deck & patio & a 2 bed unit w/ a beautiful kitchen & a large street front storage space or possible commercial live/work office set up. All appliances are included. Corner lot w/ ample parking, strong rents & cash flow, low vacancy & super low maintenance! Great location steps to Downtown Gresham's restaurants, parks, cafes, pubs, transit & more!!!

Last Agent to Sell the Property

Kyle Ball

Premiere Property Group, LLC License #200609089 Listed on: 07/24/2020

Premiere Property Group, LLC

Last Buyer's Agent

Denise Spanke

Premiere Property Group, LLC License #200308154

Premiere Property Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,390

Year Built

  • Built in 2003

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • Detached Garage

Home Design

  • Composition Roof
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,605 Sq Ft Home
  • 2-Story Property
  • City Views
  • Security Lights

Schools

  • East Gresham Elementary School
  • Dexter Mccarty Middle School
  • Gresham High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R496212

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $13,326
  • Gross Income $44,640
  • Net Operating Income $31,314

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,390

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2003
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 592400.0
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: Garage,IndividualStorageUnits
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: City

Garage/Parking

  • Parking Description: Detached, Garage
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: SecurityLights, Sidewalk
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: East Gresham
  • High School: Gresham
  • Middle Or Junior School: Dexter McCarty

Lot Info

  • Zoning: DLR-2
  • Parcel #: R496212

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2019
  • Tax Annual Amount: 6389.61

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 13.44
  • Annual Gross Income: 44640.0
  • Property Net Operating Income: 31314.0
  • Annual Operating Expense: 13326.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2020
Closed on
Aug 13, 2020
Sold by
Light Seth M and Light Anne M
Bought by
Hunt Investment Properties Llc
Seller's Agent
Kyle Ball
Premiere Property Group, LLC
Buyer's Agent
Denise Spanke
Premiere Property Group, LLC
List Price
$599,900
Sold Price
$592,400
Premium/Discount to List
-$7,500
-1.25%
Current Estimated Value
$721,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,082
Avg. Annual Appreciation
3.46%

Purchase Details

Closed on
Jul 27, 2001
Sold by
Light Seth M
Bought by
Light Seth M and Light Anne M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Hunt Investment Properties Llc $592,400 Fidelity National Title
Hunt Investment Properties Llc $592,400 Fidelity National Ttl Of Or
Hunt Investment Properties Llc $592,400 Fidelity Natl Ttl Co Of Or
Light Seth M -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2020 08/14/20 Sold $592,400 -1.3% $129 / Sq Ft
07/27/2020 07/27/20 Pending -- -- --
07/24/2020 07/24/20 For Sale $599,900 -- $130 / 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 $8,438 $414,670 -- --
2024 $8,078 $402,600 -- --
2023 $7,359 $390,880 $0 $0
2022 $7,154 $379,500 $0 $0
2021 $6,973 $368,450 $0 $0
2020 $6,561 $357,720 $0 $0
2019 $6,390 $347,310 $0 $0
2018 $6,092 $337,200 $0 $0
2017 $5,845 $327,380 $0 $0
2016 $5,154 $317,850 $0 $0
2015 $5,042 $308,600 $0 $0
2014 $4,372 $273,740 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20603324

Regional Multiple Listing Service (RMLS)

APN: R496212