NOT LISTED FOR SALE

2904 SE 28th Ave Unit 2916 Portland, OR 97202

Hosford-Abernethy Neighborhood

Estimated Value: $863,000 - $1,041,000

5 Beds
4 Baths
4,184 Sq Ft
$222/Sq Ft Est. Value

Last Sold September 14, 2020

Last sale price $769,500 $184 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,047/month

3 Days on Market

Highlights

  • View of Trees or Woods
  • Corner Lot
  • Forced Air Heating System
  • Cleveland High School Rated A-
  • Board and Batten Siding
  • 4-minute walk to Piccolo Park

About This Home

As of September 2020

Very charming 4plex with great curb appeal. Newer roof, three 1 bedroom units, and one 2 bedroom unit. Hardwood floors in every unit. Forced air gas heat. Basement storage area for each tenant. Two attached garages, that are not assigned/used and could be used to generate additional income.

Last Agent to Sell the Property

Todd McCabe

eXp Realty, LLC License #990400059 Listed on: 08/05/2020

Last Buyer's Agent

Jarrett Altman

Neighborhood Works License #200003181

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,336

Year Built

  • Built in 1948

Lot Details

  • Corner Lot

Home Design

  • Composition Roof
  • Board and Batten Siding
  • Wood Siding
  • Shake Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,184 Sq Ft Home
  • Views of Woods
  • Partially Finished Basement

Parking

  • Garage
  • Off-Site Parking

Schools

  • Abernethy Elementary School
  • Hosford Middle School
  • Cleveland High School

Utilities

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

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R299392

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $15,540
  • Gross Income $55,200
  • Net Operating Income $39,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,336

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1948
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: PartiallyFinished
  • Storage: Basement
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: BoardBattenSiding,ShakeSiding,WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: CornerLot
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: TreesWoods

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: Abernethy
  • High School: Cleveland
  • Middle Or Junior School: Hosford

Lot Info

  • Zoning: R5
  • Parcel #: R299392

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2019
  • Tax Annual Amount: 9336.39

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 13.94
  • Annual Gross Income: 55200.0
  • Property Net Operating Income: 39600.0
  • Annual Operating Expense: 15540.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2020
Closed on
Sep 8, 2020
Sold by
Yew Street Llc
Bought by
Forest Creek Loft Llc
Seller's Agent
Todd McCabe
eXp Realty, LLC
Buyer's Agent
Jarrett Altman
Neighborhood Works
List Price
$769,500
Sold Price
$769,500
Current Estimated Value
$929,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,558
Avg. Annual Appreciation
2.97%
Original Mortgage
$534,500
Outstanding Balance
$479,687
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$408,200

Purchase Details

Closed on
Sep 13, 2016
Sold by
Mulcahy Neil D and Mulcahy Suzanne M
Bought by
Yew Street Llc

Purchase Details

Closed on
Aug 4, 2015
Sold by
Heenan Michael R
Bought by
Mulcahy Family Trust
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
Forest Creek Loft Llc $769,500 Fidelity National Ttl Of Or
Yew Street Llc -- None Available
Mulcahy Family Trust $600,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forest Creek Loft Llc $534,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2020 09/14/20 Sold $769,500 0.0% $184 / Sq Ft
08/07/2020 08/07/20 Pending -- -- --
08/04/2020 08/04/20 For Sale $769,500 -- $184 / 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 $10,986 $414,580 $0 $0
2022 $10,748 $402,510 $0 $0
2021 $10,566 $390,790 $0 $0
2020 $9,693 $379,410 $0 $0
2019 $9,336 $368,360 $0 $0
2018 $9,062 $357,640 $0 $0
2017 $8,685 $347,230 $0 $0
2016 $7,948 $337,120 $0 $0
2015 $7,740 $327,310 $0 $0
2014 $7,623 $317,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Todd McCabe

    Seller's Agent in 2020

    Todd McCabe

    eXp Realty, LLC

    (503) 432-1235

    1 in this area

    164 Total Sales

    Section Image
  • Jarrett Altman

    Buyer's Agent in 2020

    Jarrett Altman

    Neighborhood Works

    (503) 407-4200

    8 in this area

    118 Total Sales

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20508563

Regional Multiple Listing Service (RMLS)

APN: R299392

Oregon Multnomah County Portland 97202 Hosford-Abernethy

2904 SE 28th Ave Unit 2916, Portland, OR

This home is located at 2904 SE 28th Ave Unit 2916, Portland, OR 97202 since 05 August 2020 and is currently estimated at $929,053, approximately $222 per square foot. This property was built in 1948. 2904 SE 28th Ave Unit 2916 is a home located in Multnomah County with nearby schools including Grout Elementary School, Hosford Middle School, and Cleveland High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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