NOT LISTED FOR SALE

2920 SE 16th Ave Unit 2922 Portland, OR 97202

Hosford-Abernethy Neighborhood

Estimated Value: $501,807 - $682,000

4 Beds
2 Baths
1,300 Sq Ft
$431/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $550,000 $423 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,402/month

Highlights

  • Wood Flooring
  • Storage
  • Level Lot
  • Abernethy Elementary School Rated 10
  • Washer and Dryer
  • 1-Story Property

About This Home

As of June 2021

HOT investment property in close-in SE, walkable to all the happenings on Division and Clinton. 2 units that are each 2 beds and 1 bath. Nice, clean and move in ready. Earthquake retrofitted, Pratt & Larson tile, hardwoods, cute kitchens plus a nice and spacious backyard. Each unit has their own patio/deck + individual exterior storage sheds & individual laundry. Easily rentable location.

Last Agent to Sell the Property

Kevin Caplener

Windermere Realty Trust License #200503167 Listed on: 04/28/2021

Windermere Realty Trust

Co-Listed By

JAMIE MARION

Windermere Realty Trust License #201210023

Last Buyer's Agent

Michael Jacobson

Michael J. Jacobson License #200704308

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,156

Year Built

  • Built in 1957

Lot Details

  • 5,009

Home Design

  • Shingle Siding
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 1-Story Property
  • Storage
  • Washer and Dryer
  • Wood Flooring
  • Crawl Space
  • Range

Additional Features

  • 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

$5,156

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1300
  • Stories: 1
  • Year Built: 1957
  • Property Condition: Approximately
  • Remarks Public: HOT investment property in close-in SE, walkable to all the happenings on Division and Clinton. 2 units that are each 2 beds and 1 bath. Nice, clean and move in ready. Earthquake retrofitted, Pratt & Larson tile, hardwoods, cute kitchens plus a nice and spacious backyard. Each unit has their own patio/deck + individual exterior storage sheds & individual laundry. Easily rentable location.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: TIBBETTS ADD, BLOCK 33, LOT 2
  • Basement: Crawl Space
  • Storage: Individual Storage Units

Exterior Features

  • Exterior Description: Cedar, Shingle Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Description: None

Utilities

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

Condo/Co-op/Association

  • Unit Features: Hardwood Floors, Range, Refrigerator, Washer/Dryer

Schools

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

Lot Info

  • Lot Description: Level
  • Zoning: EG1

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 4374.71
  • Assessor Parcel Number: R287557
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.71

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2021
Sold by
Muhlheim Todd and Muhlheim Robin
Bought by
A & R Real Estate Group Lllc
Current Estimated Value
$560,702

Purchase Details

Listed on
Apr 28, 2021
Closed on
May 28, 2021
Sold by
Lewis John L and Lewis Theresa L
Bought by
Muhlheim Todd and Muhlheim Robin
Seller's Agent
Kevin Caplener
Windermere Realty Trust
Buyer's Agent
Michael Jacobson
Michael J. Jacobson
List Price
$500,000
Sold Price
$550,000
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
0.45%
Original Mortgage
$412,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2003
Sold by
Parker Raye M
Bought by
Lewis John L and Lewis Theresa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,500
Interest Rate
6.14%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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Average Value
Not Available
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
A & R Real Estate Group Lllc -- Accommodation
Muhlheim Todd $550,000 First American Title
Lewis John L $146,000 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Muhlheim Todd $412,500
Previous Owner Lewis John L $109,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2021 06/25/21 Sold $550,000 +10.0% $423 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $500,000 -- $385 / 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 $5,156 $192,710 -- --
2023 $5,156 $187,100 $0 $0
2022 $4,851 $181,660 $0 $0
2021 $4,769 $176,370 $0 $0
2020 $4,375 $171,240 $0 $0
2019 $4,344 $166,260 $0 $0
2018 $4,090 $161,420 $0 $0
2017 $3,920 $156,720 $0 $0
2016 $3,588 $152,160 $0 $0
2015 $3,493 $147,730 $0 $0
2014 $3,441 $143,430 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kevin Caplener

    Seller's Agent in 2021

    Kevin Caplener

    Windermere Realty Trust

    (503) 888-6999

    7 in this area

    171 Total Sales

    Kevin Caplener
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    JAMIE MARION

    Windermere Realty Trust

    (503) 999-7207

    3 in this area

    102 Total Sales

    JAMIE MARION
    Section Image
  • Michael Jacobson

    Buyer's Agent in 2021

    Michael Jacobson

    Michael J. Jacobson

    (541) 999-9671

    1 in this area

    15 Total Sales

    Michael Jacobson
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21418548

Regional Multiple Listing Service (RMLS)

APN: R287557

Oregon Multnomah County Portland 97202 Hosford-Abernethy

2920 SE 16th Ave Unit 2922, Portland, OR

This home is located at 2920 SE 16th Ave Unit 2922, Portland, OR 97202 since 28 April 2021 and is currently estimated at $560,702, approximately $431 per square foot. This property was built in 1957. 2920 SE 16th Ave Unit 2922 is a home located in Multnomah County with nearby schools including Abernethy Elementary School, Hosford Middle School, and Cleveland High School.

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