$450,000
SOLD JUL 27, 2018
4 Beds
3 Baths
2,470 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$182 Per Sq Ft

10% Below List Price

99 Days on Market

Highlights

  • Deck
  • Level Lot
  • Lap Siding

About This Home

As of August 2023

Easy to rent duplex that feels like two separate homes, almost no shared walls. Each unit has its own sunny deck, laundry and off street parking. Large basement with separate entrance for storage. Close proximity to the Jade District and Division with shops and restaurant galore. Easy access to 205. Unit 2 was rented out and Unit 1 was a profitable and established AirBnB. Cap rate at 6.11% - A real money maker!

Last Agent to Sell the Property

Ana de la Rua Domenech

Like Kind Realty License #201209640 Listed on: 03/19/2018

Co-Listed By

Stacy Stokes

Like Kind Realty License #200409200

Last Buyer's Agent

Kelsey Williams

Real Broker License #200307089

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,321

Year Built

  • Built in 1927 | Remodeled

Home Design

  • Lap Siding
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Storage In Attic

Kitchen

  • Range
  • Dishwasher

Basement

  • Partial Basement
  • Crawl Space

Additional Features

  • Deck
  • Level Lot
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,321

Year Built

Built in 1927 | Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2470
  • Stories: 2
  • Year Built: 1927
  • Property Condition: Updated/Remodeled
  • Remarks Public: Easy to rent duplex that feels like two separate homes, almost no shared walls. Each unit has its own sunny deck, laundry and off street parking. Large basement with separate entrance for storage. Close proximity to the Jade District and Division with shops and restaurant galore. Easy access to 205. Unit 2 was rented out and Unit 1 was a profitable and established AirBnB. Cap rate at 6.11% - A real money maker!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: PARTITION PLAT 1998-35, LOT 1
  • Basement: Crawl Space, Partial Basement
  • Storage: Attic, Basement

Exterior Features

  • Exterior Description: Lap Siding, Vinyl Siding
  • Lot Size: 3,000 to 4,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Parking Description: Off Site

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Zoned

Condo/Co-op/Association

  • Unit Features: Deck, Dishwasher, Range, Washer/Dryer Hookup

Schools

  • Elementary School: Harrison Park
  • High School: Madison

Lot Info

  • Lot Description: Level
  • Zoning: R2

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 4805.30
  • Assessor Parcel Number: R240032
  • Tax Year: 2017

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.16

MLS Schools

  • Elementary School: Harrison Park
  • High School: Madison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2023
Closed on
Aug 14, 2023
Sold by
Mcelravy Timothy and Mcelravy Jennifer
Bought by
Elhamady Ahmed Moustafa
Seller's Agent
Nick Shivers
Keller Williams PDX Central
Buyer's Agent
Sarah Stanfill
Realty Pro Oregon LLC.
List Price
$525,000
Sold Price
$520,000
Premium/Discount to List
-$5,000
-0.95%
Views
23
Current Estimated Value
$574,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,562
Avg. Annual Appreciation
5.25%
Original Mortgage
$390,000
Outstanding Balance
$382,860
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$191,702

Purchase Details

Listed on
Mar 19, 2018
Closed on
Jul 13, 2018
Sold by
Nickerman Wesley
Bought by
Mcelravy Timothy and Mcelravy Jennifer
Seller's Agent
Ana de la Rua Domenech
Like Kind Realty
Buyer's Agent
Kelsey Williams
Real Broker
List Price
$500,000
Sold Price
$450,000
Premium/Discount to List
-$50,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.90%
Original Mortgage
$441,849
Interest Rate
4.6%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 25, 2015
Closed on
Jun 16, 2015
Sold by
Good Family Real Estate Llc
Bought by
Nickerman Wesley
Seller's Agent
Cindy Lam Co-Pfeifer
Premiere Property Group, LLC
Buyer's Agent
Brett Lee
John L. Scott Portland Central
List Price
$329,000
Sold Price
$304,990
Premium/Discount to List
-$24,010
-7.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.32%
Original Mortgage
$299,465
Interest Rate
3.77%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 14, 2014
Closed on
Dec 11, 2014
Sold by
Kyrejko Vera
Bought by
Good Family Real Estate Llc
Seller's Agent
Kevin Pfeifer
Premiere Property Group, LLC
Buyer's Agent
Jesus Gomez
RE/MAX Equity Group
List Price
$149,900
Sold Price
$162,000
Premium/Discount to List
$12,100
8.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
254.44%
Original Mortgage
$134,800
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2000
Sold by
Newcomb Janet A
Bought by
Olinghouse Jon R

Purchase Details

Closed on
Feb 4, 1999
Sold by
Ellsworth Marion L and Ellsworth Mabel L
Bought by
Newcomb Janet A
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $520,000 Lawyers Title
Warranty Deed $450,000 First American Title
Warranty Deed $304,990 Chicago Title Company
Warranty Deed $162,000 Stewart Title Company
Warranty Deed $67,500 --
Warranty Deed $45,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $390,000 New Conventional
Previous Owner $439,830 FHA
Previous Owner $441,849 FHA
Previous Owner $299,465 FHA
Previous Owner $134,800 New Conventional
Previous Owner $273,467 FHA
Previous Owner $271,979 FHA
Previous Owner $267,960 FHA
Previous Owner $27,000 Credit Line Revolving
Previous Owner $223,000 Balloon
Previous Owner $40,500 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2023 08/15/23 Sold $520,000 -1.0% $211 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
07/14/2023 07/14/23 For Sale $525,000 +16.7% $213 / Sq Ft
07/27/2018 07/27/18 Sold $450,000 -10.0% $182 / Sq Ft
06/26/2018 06/26/18 Pending -- -- --
03/19/2018 03/19/18 For Sale $500,000 +63.9% $202 / Sq Ft
06/17/2015 06/17/15 Sold $304,990 -7.3% $147 / Sq Ft
04/28/2015 04/28/15 Pending -- -- --
02/24/2015 02/24/15 For Sale $329,000 +103.1% $159 / Sq Ft
12/16/2014 12/16/14 Sold $162,000 +8.1% $78 / Sq Ft
12/01/2014 12/01/14 Pending -- -- --
06/14/2014 06/14/14 For Sale $149,900 -- $72 / 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 $6,321 $229,360 $0 $0
2022 $5,946 $222,680 $0 $0
2021 $5,846 $216,200 $0 $0
2020 $5,363 $209,910 $0 $0
2019 $5,165 $203,800 $0 $0
2018 $5,014 $197,870 $0 $0
2017 $4,805 $192,110 $0 $0
2016 $4,398 $186,520 $0 $0
2015 $4,131 $181,090 $0 $0
2014 $4,218 $175,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18039797

Regional Multiple Listing Service (RMLS)

APN: R240032