NOT LISTED FOR SALE

Estimated Value: $949,000 - $1,080,663

4 Beds
4 Baths
3,733 Sq Ft
$269/Sq Ft Est. Value

Last Sold August 17, 2018

Last sale price $935,000 $250 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,374/month

69 Days on Market

Highlights

  • Corner Lot
  • Laundry Facilities
  • Lap Siding
  • Forced Air Heating System

About This Home

As of August 2018

Historic 4-plex in desirable/high demand Belmont neighborhood! This vintage 4-plex boasts ornate columns and inlaid floors. Separate meters-tenants pay gas, electric & internet. Large basement with laundry facilities and storage. Beautiful yard with garden & common areas.

Last Agent to Sell the Property

Rambo Halpern

Premiere Property Group, LLC License #200310218 Listed on: 04/15/2018

Co-Listed By

Eric Rafferty

Realty One Group Willamette Valley License #201211277

Last Buyer's Agent

Bernard Gehret

Joseph Bernard LLC License #200009029

Joseph Bernard LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,661

Year Built

  • Built in 1909 | Remodeled

Lot Details

  • Corner Lot
  • Level Lot

Home Design

  • Composition Roof
  • Lap Siding

Interior Spaces

  • 3,733 Sq Ft Home
  • 2-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Basement Storage

Schools

  • Sunnyside Env Elementary And Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number R175716

Community Details

Overview

  • 4 Units
  • Belmont Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $15,465
  • Gross Income $49,394
  • Net Operating Income $33,929

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,661

Year Built

Built in 1909 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1909
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: ExteriorEntry, FullBasement, StorageSpace
  • Storage: Basement
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: No
  • Lot Features: CornerLot, Level
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Sunnyside Env
  • High School: Franklin
  • Middle Or Junior School: Sunnyside Env

Lot Info

  • Zoning: R2.5
  • Parcel #: R175716

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Multi Family

  • Number Of Units Total: 4
  • Gross Rent Multiplier: 19.64
  • Annual Gross Income: 49394.0
  • Property Net Operating Income: 33929.0
  • Annual Operating Expense: 15465.0

Tax Info

  • Tax Annual Amount: 7660.53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2018
Closed on
Aug 15, 2018
Sold by
Bbmangan Llc
Bought by
6401 E Burnside Llc
Seller's Agent
Rambo Halpern
Premiere Property Group, LLC
Buyer's Agent
Bernard Gehret
Joseph Bernard LLC
List Price
$969,900
Sold Price
$935,000
Premium/Discount to List
-$34,900
-3.6%
Current Estimated Value
$1,005,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,916
Avg. Annual Appreciation
0.73%
Original Mortgage
$375,000
Outstanding Balance
$329,028
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$654,376

Purchase Details

Listed on
Jun 26, 2015
Closed on
Jul 23, 2015
Sold by
Wash Murfee Llc
Bought by
Mangan Bruce
Seller's Agent
Jeffrey Capen
Windermere Realty Trust
Buyer's Agent
Rambo Halpern
Premiere Property Group, LLC
List Price
$774,900
Sold Price
$800,000
Premium/Discount to List
$25,100
3.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.26%

Purchase Details

Closed on
Feb 11, 2010
Sold by
Rivas Davila Jillian Carey
Bought by
Rivas Davila Jillian Carey and Baumler June L

Purchase Details

Closed on
Dec 26, 2008
Sold by
Wash Murfee Llc
Bought by
Barrs Carrington E and Olson Christine J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2005
Sold by
Barrs Carrington E
Bought by
Wash Murfee Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
7%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 10, 2004
Sold by
Barrs Carrington E
Bought by
Wash Murfee Llc

Purchase Details

Closed on
Oct 22, 2002
Sold by
Lange Boyce L
Bought by
Barrs Carrington E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,650
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 18, 1998
Sold by
Dampier Jeanie M
Bought by
Lange Boyce L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,798
Interest Rate
7.02%
Mortgage Type
Purchase Money Mortgage
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
6401 E Burnside Llc $935,000 Wfg Title
Mangan Bruce $787,500 Lawyers Title
Rivas Davila Jillian Carey -- None Available
Barrs Carrington E -- Ticor Title
Wash Murfee Llc -- --
Barrs Carrington E -- Pacific Nw Title
Wash Murfee Llc -- Ticor Title Insurance Compan
Barrs Carrington E $323,340 First American
Lange Boyce L $293,000 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 6401 E Burnside Llc $375,000
Previous Owner Barrs Carrington E $461,000
Previous Owner Barrs Carrington E $475,000
Previous Owner Barrs Carrington E $359,650
Previous Owner Barrs Carrington E $258,650
Previous Owner Lange Boyce L $191,798
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2018 08/17/18 Sold $935,000 -3.6% $250 / Sq Ft
06/22/2018 06/22/18 Pending -- -- --
04/14/2018 04/14/18 For Sale $969,900 +21.2% $260 / Sq Ft
08/05/2015 08/05/15 Sold $800,000 +3.2% $214 / Sq Ft
07/01/2015 07/01/15 Pending -- -- --
06/26/2015 06/26/15 For Sale $774,900 -- $207 / 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 $9,690 $365,660 $0 $0
2022 $9,480 $355,010 $0 $0
2021 $9,319 $344,670 $0 $0
2020 $8,549 $334,640 $0 $0
2019 $8,235 $324,900 $0 $0
2018 $7,993 $315,440 $0 $0
2017 $7,661 $306,260 $0 $0
2016 $7,011 $297,340 $0 $0
2015 $6,826 $288,680 $0 $0
2014 $6,708 $280,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18407723

Regional Multiple Listing Service (RMLS)

APN: R175716