NOT LISTED FOR SALE

3031 SE 89th Ave Portland, OR 97266

Powellhurst-Gilbert Neighborhood

Estimated Value: $460,000 - $547,000

4 Beds
6 Baths
1,936 Sq Ft
$265/Sq Ft Est. Value

Last Sold April 10, 2015

Last sale price $264,500 $137 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $3,250/month

9 Days on Market

Highlights

  • Forced Air Heating System
  • Garage
  • Level Lot
  • Harrison Park School Rated 9+

About This Home

As of April 2015

Great opportunity to buy investment property in up and coming neighborhood. These units are always rented, or live in one and use the other for additional income. Both units have garages and patios.

Last Agent to Sell the Property

Trish Brazil

Brazil Homes, LLC License #200811026 Listed on: 02/28/2015

Last Buyer's Agent

Janice Pestana

The Hasson Company License #201244656

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,944

Year Built

  • Built in 2000

Lot Details

  • Level Lot

Parking

  • Garage

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,936 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Schools

  • Harrison Park Elementary School
  • Madison High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Rent includes trashcollection, water
  • Assessor Parcel Number R240181

Community Details

Overview

  • 2 Units
  • Property managed by Holland Property Management

Building Details

  • Operating Expense $4,476
  • Gross Income $20,985
  • Net Operating Income $16,509

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,944

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2000
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: No
  • Lot Features: Level
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Management Name: Holland Property Management

Schools

  • Elementary School: Harrison Park
  • High School: Madison

Lot Info

  • Zoning: R2
  • Parcel #: R240181

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 3944.47

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.53
  • Annual Gross Income: 20985.0
  • Property Net Operating Income: 16509.0
  • Annual Operating Expense: 4476.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2021
Sold by
Henricks Martin F
Bought by
Henricks B Grace
Current Estimated Value
$513,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,700
Outstanding Balance
$164,457
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$348,868

Purchase Details

Closed on
Aug 13, 2018
Sold by
Henricks B G
Bought by
Henricks B G B and Henricks Martin F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.59%

Purchase Details

Listed on
Feb 28, 2015
Closed on
Apr 7, 2015
Sold by
Jorgensen Kurt Eric
Bought by
Henricks B Grace
Seller's Agent
Trish Brazil
Brazil Homes, LLC
Buyer's Agent
Janice Pestana
The Hasson Company
List Price
$263,000
Sold Price
$264,500
Premium/Discount to List
$1,500
0.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.48%
Original Mortgage
$198,375
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2005
Sold by
Gordon Dustin L
Bought by
Jorgensen Kurt Eric and Jorgensen Sara Halford

Purchase Details

Closed on
Oct 21, 2003
Sold by
Le Thuy
Bought by
Pham Phuong T and Gordon Dustin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 1999
Sold by
Palace Construction Corp
Bought by
Ke Thuy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage
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
Henricks B Grace -- Wfg Title
Henricks B G B -- --
Henricks B Grace $264,500 Chicago Title
Jorgensen Kurt Eric $249,500 First American
Pham Phuong T $215,000 First American
Ke Thuy $182,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Henricks B Grace $179,700
Closed Henricks B G B --
Previous Owner Henricks B Grace $198,375
Previous Owner Pham Phuong T $145,000
Previous Owner Ke Thuy $136,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2015 04/10/15 Sold $264,500 +0.6% $137 / Sq Ft
03/08/2015 03/08/15 Pending -- -- --
02/27/2015 02/27/15 For Sale $263,000 -- $136 / 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 $6,683 $249,780 -- --
2023 $6,426 $242,510 $0 $0
2022 $6,287 $235,450 $0 $0
2021 $6,181 $228,600 $0 $0
2020 $5,670 $221,950 $0 $0
2019 $5,462 $215,490 $0 $0
2018 $5,301 $209,220 $0 $0
2017 $5,081 $203,130 $0 $0
2016 $4,518 $197,220 $0 $0
2015 $3,989 $191,480 $0 $0
2014 $3,944 $185,910 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Trish Brazil

    Brazil Homes, LLC

  • J

    Buyer's Agent in 2015

    Janice Pestana

    The Hasson Company

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 15291435

Regional Multiple Listing Service (RMLS)

APN: R240181

Oregon Multnomah County Portland 97266 Powellhurst-Gilbert

3031 SE 89th Ave, Portland, OR

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