NOT LISTED FOR SALE

3020 SE Franklin St Unit 3022 Portland, OR 97202

Richmond Neighborhood

Estimated Value: $604,000 - $678,000

4 Beds
2 Baths
1,584 Sq Ft
$398/Sq Ft Est. Value

Last Sold April 08, 2022

Last sale price $615,000 $388 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,862/month

About This Home

As of April 2022

Cash flowing Richmond duplex! Property lives like two detached homes, no shared walls just covered breezeway. Both units have just finished renovations and live large with open floor plan. Stainless steal appliances throughout. Back unit has outdoor privacy from large mature shrubs and can be enjoyed on new back patio deck. New owner can enjoy cashflow for months to come as both units just singed new leases.

Last Agent to Sell the Property

Ian Crist

Bridge Creek Realty License #201220465 Listed on: 03/01/2022

Last Buyer's Agent

Jarrett Lies

Abode Realty License #201210589

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,046

Year Built

  • Built in 1963

Lot Details

  • 4,792

Interior Spaces

  • 1-Story Property

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,046

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1584
  • Stories: 1
  • Year Built: 1963
  • Property Condition: Existing
  • Remarks Public: Cash flowing Richmond duplex! Property lives like two detached homes, no shared walls just covered breezeway. Both units have just finished renovations and live large with open floor plan. Stainless steal appliances throughout. Back unit has outdoor privacy from large mature shrubs and can be enjoyed on new back patio deck. New owner can enjoy cashflow for months to come as both units just singed new leases.
  • Unreinforced Masonry Building: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: WAVERLEIGH HTS, BLOCK 17, LOT 14

Exterior Features

  • Lot Size: 3K-4,999SF
  • Roof Type: Composition

Utilities

  • Fuel Description: Electricity
  • Sewer: Public Sewer
  • Water Description: Public Water
  • Heating Description: Baseboard

Schools

  • Middle School: Hosford

Lot Info

  • Zoning: R2.5

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 4846.53
  • Assessor Parcel Number: R298818
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.77

MLS Schools

  • Middle School: Hosford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2022
Closed on
Apr 6, 2022
Sold by
P & Q Ventures Llc
Bought by
Gatchev Tzvetan
Seller's Agent
Ian Crist
Bridge Creek Realty
Buyer's Agent
Jarrett Lies
Abode Realty
List Price
$550,000
Sold Price
$615,000
Premium/Discount to List
$65,000
11.82%
Current Estimated Value
$630,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,876
Avg. Annual Appreciation
0.73%
Original Mortgage
$461,250
Outstanding Balance
$435,128
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$195,748

Purchase Details

Listed on
Oct 13, 2021
Closed on
Nov 1, 2021
Sold by
Kellams Michaela J
Bought by
Johnson K Kat
Seller's Agent
Bob Sisul
Harcourts Real Estate Network Group
Buyer's Agent
Jeremy Slyh
Weichert, Realtors on Main Street
List Price
$499,900
Sold Price
$475,000
Premium/Discount to List
-$24,900
-4.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
82.34%
Original Mortgage
$512,050
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 29, 2013
Sold by
Kellams Michaela J
Bought by
Kellams Michaela J
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
Gatchev Tzvetan $615,000 Wfg Title
Johnson K Kat $475,000 Wfg Title
Kellams Michaela J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gatchev Tzvetan $461,250
Previous Owner Johnson K Kat $512,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/08/2022 04/08/22 Sold $615,000 +11.8% $388 / Sq Ft
03/09/2022 03/09/22 Pending -- -- --
03/01/2022 03/01/22 For Sale $550,000 +15.8% $347 / Sq Ft
11/01/2021 11/01/21 Sold $475,000 -5.0% $300 / Sq Ft View Prior Sale
10/21/2021 10/21/21 Pending -- -- --
10/13/2021 10/13/21 For Sale $499,900 -- $316 / 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 $6,046 $225,980 -- --
2023 $5,814 $219,400 $0 $0
2022 $5,374 $201,260 $0 $0
2021 $5,283 $195,400 $0 $0
2020 $4,847 $189,710 $0 $0
2019 $4,668 $184,190 $0 $0
2018 $4,531 $178,830 $0 $0
2017 $4,343 $173,630 $0 $0
2016 $3,975 $168,580 $0 $0
2015 $3,870 $163,670 $0 $0
2014 $3,812 $158,910 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ian Crist

    Seller's Agent in 2022

    Ian Crist

    Bridge Creek Realty

    (503) 508-0131

    2 in this area

    97 Total Sales

    Ian Crist
    Section Image

  • J

    Buyer's Agent in 2022

    Jarrett Lies

    Abode Realty

    (503) 381-3536

    1 in this area

    50 Total Sales

    Jarrett Lies
    Section Image
  • Bob Sisul

    Seller's Agent in 2021

    Bob Sisul

    Harcourts Real Estate Network Group

    (503) 703-3233

    1 in this area

    210 Total Sales

    Bob Sisul
    Section Image

  • J

    Buyer's Agent in 2021

    Jeremy Slyh

    Weichert, Realtors on Main Street

    (503) 294-0400

    1 in this area

    11 Total Sales

    Jeremy Slyh
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22075109

Regional Multiple Listing Service (RMLS)

APN: R298818

Oregon Multnomah County Portland 97202 Richmond

3020 SE Franklin St Unit 3022, Portland, OR

This home is located at 3020 SE Franklin St Unit 3022, Portland, OR 97202 since 01 March 2022 and is currently estimated at $630,876, approximately $398 per square foot. This property was built in 1963. 3020 SE Franklin St Unit 3022 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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