NOT LISTED FOR SALE

2904 SE Kelly St Unit 2908 Portland, OR 97202

Richmond Neighborhood

Estimated Value: $686,000 - $903,000

4 Beds
3 Baths
3,920 Sq Ft
$205/Sq Ft Est. Value

Last Sold December 22, 2023

Last sale price $831,673 $212 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $5,203/month

30 Days on Market

Highlights

  • Corner Lot
  • 90% Forced Air Heating System
  • 2 Car Garage
  • Grout Elementary School Rated 9+
  • Green Certified Home

About This Home

As of December 2023

Meticulously Maintained/Update Mid-Century Duplex is in a prime location just south of Trendy Division St. Both Units feature: Spacious, Light-filled living rooms & lovely dining areas with Oak floors and woodburning fireplaces. The Kitchens have Frigs, ranges, & dishwashers plus marmoleum floors. All the main floor bedrooms have oak floors and ample closet space. The finished lower level of 2908 has a 3rd bedroom with full bath, family room, bonus space, laundry & storage. The lower level of 2904 has a family room & laundry area. The large Garages have room for parking and storage. Big side yard and lovely front porch. Perched above the street this property is a tranquil oasis just blocks from the many trendy shops, restaurants, bars & cafes on Division St. This Perfect for Owner Occupied, Multi-Generational Living or an investment property. [Home Energy Score = 6. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10222993]

Last Agent to Sell the Property

Tracy Wiens

Neighborhood Works Brokerage Email: neportland@johnlscott.com License #200606293 Listed on: 10/19/2023

Neighborhood Works

Last Buyer's Agent

Laura Wood

Think Real Estate License #200511149

Think Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,515

Year Built

  • Built in 1962 | Remodeled

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,920 Sq Ft Home
  • 2-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House

Eco-Friendly Details

  • Green Certified Home

Schools

  • Grout Elementary School
  • Hosford Middle School
  • Cleveland High School

Utilities

  • No Cooling
  • 90% Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R298843

Community Details

Overview

  • 2 Units
  • Clinton Subdivision

Building Details

  • Operating Expense $14,696
  • Gross Income $52,800
  • Net Operating Income $38,104

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,515

Year Built

Built in 1962 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1962
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, FullBasement
  • Storage: Basement,Garage
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Brick
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, Level, Sloped
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity,Tank
  • Cooling Y N: No
  • Heating: ForcedAir90
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: 2.5
  • Parcel #: R298843

Green Features

  • Green Certification: Yes

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 9514.61

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 16.1
  • Annual Gross Income: 52800.0
  • Property Net Operating Income: 38104.0
  • Annual Operating Expense: 14696.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2023
Closed on
Dec 15, 2023
Sold by
Drentlaw Dan E
Bought by
Devin-Clarke Dana and Liebmann Devin Young
Seller's Agent
Tracy Wiens
Neighborhood Works
Buyer's Agent
Laura Wood
Think Real Estate
List Price
$895,000
Sold Price
$831,673
Premium/Discount to List
-$63,327
-7.08%
Views
31
Current Estimated Value
$804,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,763
Avg. Annual Appreciation
-1.91%
Original Mortgage
$582,171
Outstanding Balance
$542,742
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$262,168

Purchase Details

Closed on
Aug 18, 2005
Sold by
Miller Bruce J
Bought by
Drentlaw Dan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,000
Interest Rate
5.56%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 7, 1999
Sold by
Miller Stella
Bought by
Miller Bruce
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
Devin-Clarke Dana $831,673 Chicago Title
Drentlaw Dan E $377,500 Pacific Nw Title
Miller Bruce -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Devin-Clarke Dana $582,171
Previous Owner Drentlaw Dan E $276,000
Previous Owner Drentlaw Dan E $283,500
Previous Owner Drentlaw Dan E $302,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2023 12/22/23 Sold $831,673 -2.2% $212 / Sq Ft
11/19/2023 11/19/23 Pending -- -- --
11/09/2023 11/09/23 Price Changed $850,000 -5.0% $217 / Sq Ft
10/19/2023 10/19/23 For Sale $895,000 -- $228 / 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 $9,895 $369,830 -- --
2023 $9,515 $359,060 $0 $0
2022 $9,309 $348,610 $0 $0
2021 $9,151 $338,460 $0 $0
2020 $8,395 $328,610 $0 $0
2019 $8,086 $319,040 $0 $0
2018 $7,849 $309,750 $0 $0
2017 $7,522 $300,730 $0 $0
2016 $6,884 $291,980 $0 $0
2015 $6,704 $283,480 $0 $0
2014 $6,602 $275,230 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tracy Wiens

    Seller's Agent in 2023

    Tracy Wiens

    Neighborhood Works

    (503) 516-8162

    16 in this area

    190 Total Sales

    Tracy Wiens
    Section Image
  • Laura Wood

    Buyer's Agent in 2023

    Laura Wood

    Think Real Estate

    (503) 847-2722

    22 in this area

    395 Total Sales

    Laura Wood
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23061048

Regional Multiple Listing Service (RMLS)

APN: R298843

Oregon Multnomah County Portland 97202 Richmond

2904 SE Kelly St Unit 2908, Portland, OR

This home is located at 2904 SE Kelly St Unit 2908, Portland, OR 97202 since 19 October 2023 and is currently estimated at $804,910, approximately $205 per square foot. This property was built in 1962. 2904 SE Kelly St Unit 2908 is a home located in Multnomah County with nearby schools including Grout Elementary School, Hosford Middle School, and Cleveland High School.

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