NOT LISTED FOR SALE

2735 SE 89th Ave Portland, OR 97266

Powellhurst-Gilbert Neighborhood

Estimated Value: $877,000 - $1,724,282

16 Beds
8 Baths
7,341 Sq Ft
$178/Sq Ft Est. Value

Last Sold February 26, 2014

Last sale price $900,000 $123 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $8,818/month

65 Days on Market

Highlights

  • Landscaped with Trees
  • Washer and Dryer
  • Level Lot
  • Harrison Park School Rated 9+

About This Home

As of February 2014

Quiet desirable townhouse style,nice sized units w/ individual utility & washer/dryer included. Private back patios. Off street parking. Newer Complex! Low maintenance & well cared for. No problem renting! Rents well below market, rent upside is good. Excellent location, easy 1-205 access & public transportation. Owner is Realtor. Buyer to co-operate w/ 1031 exchange at no cost to buyer. DO NOT DISTURB TENANTS OR WALK BEHIND UNITS.

Last Agent to Sell the Property

Jane Betts-Stover

Century 21 North Homes Realty License #200204248 Listed on: 09/22/2013

Last Buyer's Agent

Pat Griffith

John L. Scott License #891200192

John L. Scott

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,761

Year Built

  • Built in 2004

Lot Details

  • Level Lot
  • Landscaped with Trees

Parking

  • Assigned Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Washer and Dryer

Kitchen

  • Range
  • Dishwasher

Utilities

  • Electric Water Heater

Community Details

  • 8 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,761

Year Built

Built in 2004

Lot Details

0

Parking

10

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 7341
  • Stories: 2
  • Year Built: 2004
  • Year Built Description: New Construction
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space
  • Legal Description: Johnston Acres, BLOCK 3, LOT 3 EXC PT IN ST Map 3339

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 15,000 to 19,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 10
  • Parking Description: Assigned

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Zoned
  • Security Or Entry: Sidewalk
  • Utilities Included: Trash Collection

Condo/Co-op/Association

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

Schools

  • Elementary School: Harrison Park
  • High School: Madison

Lot Info

  • Lot Description: Level, Trees
  • Zoning: R2

Tax Info

  • Tax Amount: 10374.90
  • Assessor Parcel Number: R193388

Multi Family

  • Unit Type: 1, 2, 3, 4, 5, 6, 7, 8
  • Number Of Units Total: 8
  • Gross Rent Multiplier: 13.13

MLS Schools

  • Elementary School: Harrison Park
  • High School: Madison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2014
Sold by
Cheng Tzer En
Bought by
Enrich Properties Management & Investmen
Current Estimated Value
$1,303,427

Purchase Details

Listed on
Sep 22, 2013
Closed on
Feb 24, 2014
Sold by
Betts Stover Properties Llc
Bought by
Cheng Tzer En and Lee Chien Ju
Seller's Agent
Jane Betts-Stover
Century 21 North Homes Realty
Buyer's Agent
Pat Griffith
John L. Scott
List Price
$978,000
Sold Price
$900,000
Premium/Discount to List
-$78,000
-7.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.26%

Purchase Details

Closed on
Dec 17, 2003
Sold by
Ostercraft Inc
Bought by
Stover David L and Betts Stover Susan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2003
Sold by
Graves Thomas A
Bought by
Ostercraft Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,400
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 2002
Sold by
Wilson Robert H
Bought by
Wilson Robert S and Wilson Laura J

Purchase Details

Closed on
Dec 24, 2001
Sold by
Wilson Robert H
Bought by
Wilson Robert S and Wilson Laura J

Purchase Details

Closed on
Dec 28, 2000
Sold by
Wilson Robert H
Bought by
Wilson Robert S and Wilson Laura J
Source: Public Records

Range of Values:

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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
Enrich Properties Management & Investmen -- Accommodation
Cheng Tzer En $900,000 Wfg Title
Stover David L $644,900 Pacific Nw Title
Ostercraft Inc $145,000 Transnation
Wilson Robert S -- --
Wilson Robert S -- --
Wilson Robert S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Enrich Properties Management & Investmen $500,000
Previous Owner Betts Stover Properties Llc $216,200
Previous Owner Stover David L $255,000
Previous Owner Ostercraft Inc $458,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2014 02/26/14 Sold $900,000 -8.0% $123 / Sq Ft
11/26/2013 11/26/13 Pending -- -- --
09/22/2013 09/22/13 For Sale $978,000 -- $133 / 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 $20,761 $813,550 -- --
2023 $20,875 $789,860 $0 $0
2022 $20,142 $766,860 $0 $0
2021 $19,620 $744,530 $0 $0
2020 $18,467 $722,850 $0 $0
2019 $17,788 $701,800 $0 $0
2018 $17,264 $681,360 $0 $0
2017 $16,547 $661,520 $0 $0
2016 $15,143 $642,260 $0 $0
2015 $13,979 $623,560 $0 $0
2014 $12,794 $605,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Jane Betts-Stover

    Century 21 North Homes Realty

  • Pat Griffith

    Buyer's Agent in 2014

    Pat Griffith

    John L. Scott

    (503) 939-9090

    160 Total Sales

    Pat Griffith
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 13504457

Regional Multiple Listing Service (RMLS)

APN: R193388

Oregon Multnomah County Portland 97266 Powellhurst-Gilbert

2735 SE 89th Ave, Portland, OR

This home is located at 2735 SE 89th Ave, Portland, OR 97266 since 22 September 2013 and is currently estimated at $1,303,427, approximately $177 per square foot. This property was built in 2004. 2735 SE 89th Ave is a home located in Multnomah County with nearby schools including Harrison Park School, Leodis V. McDaniel High School, and Grace Lutheran School.

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