NOT LISTED FOR SALE

306 NE 75th Ave Unit 308 Portland, OR 97213

Montavilla Neighborhood

Estimated Value: $494,000 - $646,000

4 Beds
2 Baths
1,560 Sq Ft
$355/Sq Ft Est. Value

Last Sold February 23, 2018

Last sale price $462,000 $296 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,275/month

3 Days on Market

Highlights

  • Wood Flooring
  • Washer and Dryer
  • 1-Story Property
  • Storage

About This Home

As of February 2018

Fully rented units at market rents, making this a turnkey rental. Wonderful duplex close to the heart of Montavilla. Fenced backyards along with off-street parking. Major upgrades during period of ownership, units have always been easy to rent.

Last Agent to Sell the Property

Jessica Salisbury

Rarebird Real Estate License #201213283 Listed on: 01/16/2018

Last Buyer's Agent

Nancy Siano

Green Realty LLC License #201111036

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,454

Year Built

  • Built in 1969 | Remodeled

Lot Details

  • 5,009

Parking

  • Paved Parking
  • Assigned Parking

Home Design

  • Cement Siding

Interior Spaces

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

Utilities

  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,454

Year Built

Built in 1969 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1560
  • Stories: 1
  • Year Built: 1969
  • Property Condition: Updated/Remodeled
  • Remarks Public: Fully rented units at market rents, making this a turnkey rental. Wonderful duplex close to the heart of Montavilla. Fenced backyards along with off-street parking. Major upgrades during period of ownership, units have always been easy to rent.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: MT TABOR VILLA, BLOCK 23, LOT 15
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Cement Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 4
  • Parking Description: Assigned, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity, Tank
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard

Condo/Co-op/Association

  • Unit Features: Range, Refrigerator, Storage, Washer/Dryer Hookup, Washer/Dryer, Wood Floors

Schools

  • Elementary School: Vestal
  • Middle School: Vestal
  • High School: Madison

Lot Info

  • Zoning: R2.5

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Amount: 6608.48
  • Assessor Parcel Number: R222373

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.99

MLS Schools

  • Elementary School: Vestal
  • High School: Madison
  • Middle School: Vestal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2018
Closed on
Apr 4, 2018
Sold by
Salisbury Thomas Blake
Bought by
Branden Yasmine and Branden Regina
Seller's Agent
Jessica Salisbury
Rarebird Real Estate
Buyer's Agent
Nancy Siano
Green Realty LLC
List Price
$470,000
Sold Price
$462,000
Premium/Discount to List
-$8,000
-1.7%
Current Estimated Value
$553,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,586
Avg. Annual Appreciation
2.38%
Original Mortgage
$350,000
Outstanding Balance
$300,714
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$252,872

Purchase Details

Listed on
Jan 16, 2018
Closed on
Feb 21, 2018
Sold by
Salisbury Thomas Blake
Bought by
Siano Nancy
Seller's Agent
Jessica Salisbury
Rarebird Real Estate
Buyer's Agent
Nancy Siano
Green Realty LLC
List Price
$470,000
Sold Price
$462,000
Premium/Discount to List
-$8,000
-1.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$300,714
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$252,872

Purchase Details

Closed on
Oct 22, 2015
Sold by
Youngren Enterprises Inc
Bought by
Salisbury Thomas Blake

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,650
Interest Rate
3.85%
Mortgage Type
Seller Take Back
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
Branden Yasmine $470,000 Fidelity National Title
Siano Nancy $462,000 Fidelity Natl Title Of Oreg
Salisbury Thomas Blake $400,000 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Branden Yasmine $350,000
Closed Siano Nancy $230,000
Previous Owner Salisbury Thomas Blake $385,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2018 02/23/18 Sold $462,000 -1.7% $296 / Sq Ft
01/19/2018 01/19/18 Pending -- -- --
01/16/2018 01/16/18 For Sale $470,000 -- $301 / 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 $4,454 $166,480 -- --
2023 $4,283 $161,640 $0 $0
2022 $4,191 $156,940 $0 $0
2021 $4,120 $152,370 $0 $0
2020 $3,779 $147,940 $0 $0
2019 $3,641 $143,640 $0 $0
2018 $3,534 $139,460 $0 $0
2017 $6,608 $255,380 $0 $0
2016 $5,846 $247,950 $0 $0
2015 $5,693 $240,730 $0 $0
2014 $5,607 $233,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jessica Salisbury

    Rarebird Real Estate

  • Nancy Siano

    Buyer's Agent in 2018

    Nancy Siano

    Green Realty LLC

    (503) 706-3881

    1 in this area

    33 Total Sales

    Nancy Siano
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18557243

Regional Multiple Listing Service (RMLS)

APN: R222373

Oregon Multnomah County Portland 97213 Montavilla

306 NE 75th Ave Unit 308, Portland, OR

This home is located at 306 NE 75th Ave Unit 308, Portland, OR 97213 since 16 January 2018 and is currently estimated at $553,586, approximately $354 per square foot. This property was built in 1969. 306 NE 75th Ave Unit 308 is a home located in Multnomah County with nearby schools including Vestal Elementary School, Leodis V. McDaniel High School, and Portland Arthur Academy.

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