NOT LISTED FOR SALE

3030 SE 87th Ave Unit 3042 Portland, OR 97266

Powellhurst-Gilbert Neighborhood

Estimated Value: $656,000 - $1,042,820

12 Beds
8 Baths
5,232 Sq Ft
$176/Sq Ft Est. Value

Last Sold June 15, 2017

Last sale price $775,000 $148 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,999/month

144 Days on Market

Highlights

  • Secluded Lot
  • Harrison Park School Rated 9+
  • Lap Siding

About This Home

As of June 2017

Two well maintained duplex buildings built in 2002 on the same tax lot for a four plex. Solid location for ease of amenities, bus lines, shopping and schools. Easy access to I-26 and I-205. Close proximity Warner Pacific and Portland Community College. Turnkey units with solid rental history. Great long term investment potential. Do not disturb tenants or walk on property.Current rents under market.

Last Agent to Sell the Property

John McClay

Berkshire Hathaway HomeServices NW Real Estate License #851200158 Listed on: 12/08/2016

Berkshire Hathaway HomeServices NW Real Estate

Last Buyer's Agent

Lindsay Fiarito

MORE Realty License #200702176

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,070

Year Built

  • Built in 2002

Lot Details

  • Secluded Lot
  • Flag Lot

Home Design

  • Lap Siding
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Dishwasher

Parking

  • Paved Parking
  • Assigned Parking

Utilities

  • Electric Water Heater

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,070

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 5232
  • Stories: 2
  • Year Built: 2002
  • Year Built Description: Approximately
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space
  • Legal Description: PARTITION PLAT 2006-76, LOT 2

Exterior Features

  • Exterior Description: Lap Siding, Vinyl Siding

Garage/Parking

  • Parking Description: Assigned, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air
  • Security Or Entry: Security Lights
  • Utilities Included: Trash Collection, Sewer, Water

Condo/Co-op/Association

  • Unit Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup

Lot Info

  • Lot Description: Secluded, Flag Lot
  • Zoning: R-2

Tax Info

  • Tax Amount: 8585.33
  • Assessor Parcel Number: R584139

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 13.35

MLS Schools

  • Elementary School: Creston
  • High School: David Douglas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2016
Closed on
Jun 12, 2017
Sold by
Lum Michael G K
Bought by
Ash Lawrence
Seller's Agent
John McClay
Berkshire Hathaway HomeServices NW Real Estate
Buyer's Agent
Lindsay Fiarito
MORE Realty
List Price
$829,000
Sold Price
$775,000
Premium/Discount to List
-$54,000
-6.51%
Current Estimated Value
$920,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,205
Avg. Annual Appreciation
2.07%

Purchase Details

Closed on
Jun 23, 2009
Sold by
Lum Michael G K and Lum Ella Y M
Bought by
Lum Michael G K and Lum Ella Y M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 19, 2009
Sold by
Montgomery Gloria Dee
Bought by
Lum Michael G K and Lum Ella Y M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Ash Lawrence $775,000 First American
Lum Michael G K -- Chicago Title
Lum Michael G K $438,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lum Michael G K $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2017 06/15/17 Sold $775,000 -6.5% $148 / Sq Ft
05/01/2017 05/01/17 Pending -- -- --
12/08/2016 12/08/16 For Sale $829,000 -- $158 / 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 $14,070 $525,880 -- --
2023 $13,529 $510,570 $0 $0
2022 $13,236 $495,700 $0 $0
2021 $13,012 $481,270 $0 $0
2020 $11,937 $467,260 $0 $0
2019 $11,498 $453,660 $0 $0
2018 $11,160 $440,450 $0 $0
2017 $10,696 $427,630 $0 $0
2016 $9,122 $415,180 $0 $0
2015 $8,585 $403,090 $0 $0
2014 $8,437 $391,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John McClay

    Seller's Agent in 2017

    John McClay

    BHHS Oregon- Northwest

    (503) 684-2140

    18 Total Sales

    John McClay
    Section Image
  • Lindsay Fiarito

    Buyer's Agent in 2017

    Lindsay Fiarito

    MORE Realty

    (971) 506-6866

    1 in this area

    73 Total Sales

    Lindsay Fiarito
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 16257502

Regional Multiple Listing Service (RMLS)

APN: R584139

Oregon Multnomah County Portland 97266 Powellhurst-Gilbert

3030 SE 87th Ave Unit 3042, Portland, OR

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