NOT LISTED FOR SALE

3116 SE 7th Ave Portland, OR 97202

Brooklyn Neighborhood

Estimated Value: $589,000 - $805,000

4 Beds
2 Baths
2,905 Sq Ft
$226/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $525,000 $181 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,099/month

25 Days on Market

Highlights

  • Deck
  • Storage
  • Washer and Dryer
  • Grout Elementary School Rated 9+
  • Property is near a bus stop
  • Level Lot

About This Home

As of June 2021

Charming duplex located in the popular Brooklyn area. Converted from single family and could be returned to single family use. Perfect investment opportunity. 87 walk score and 89 bike score, so you can get everywhere you need to be without a car. Vintage features make this building stand out. Spacious yard for outdoor entertaining.

Last Agent to Sell the Property

Chris Bonner

Neighbors Realty License #900200005 Listed on: 05/01/2021

Last Buyer's Agent

Megan Warren

MORE Realty License #201217304

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,681

Year Built

  • Built in 1896

Lot Details

  • 4,792

Home Design

  • Converted Dwelling
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Storage
  • Washer and Dryer

Kitchen

  • Range
  • Dishwasher

Unfinished Basement

  • Exterior Basement Entry
  • Basement Storage

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • Deck
  • Level Lot
  • Property is near a bus stop

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,681

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2905
  • Stories: 3
  • Year Built: 1896
  • Property Condition: Converted
  • Remarks Public: Charming duplex located in the popular Brooklyn area. Converted from single family and could be returned to single family use. Perfect investment opportunity. 87 walk score and 89 bike score, so you can get everywhere you need to be without a car. Vintage features make this building stand out. Spacious yard for outdoor entertaining.
  • Unreinforced Masonry Building: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: SECTION 11 1S 1E, TL 4400 0.11 ACRES
  • Basement: Exterior Entry, Unfinished, Storage Space
  • Storage: Basement

Exterior Features

  • Exterior Description: Man Made, Shingle Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Parking Description: None

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air

Association/Amenities

  • Waterfront: 0.50 Miles
  • Amenities Supplement: Yes

Condo/Co-op/Association

  • Common Amenities: Commons, Laundry
  • Unit Features: Deck, Dishwasher, Range, Refrigerator, Storage, Washer/Dryer

Schools

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

Lot Info

  • Lot Description: On Busline, Level
  • Zoning: R2.5
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 5668.10
  • Assessor Parcel Number: R327962
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.78

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2021
Closed on
Jun 29, 2021
Sold by
Cotrell Shelley
Bought by
Barry Christopher
Seller's Agent
Chris Bonner
Neighbors Realty
Buyer's Agent
Megan Warren
MORE Realty
List Price
$575,000
Sold Price
$525,000
Premium/Discount to List
-$50,000
-8.7%
Current Estimated Value
$655,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,201
Avg. Annual Appreciation
5.16%

Purchase Details

Closed on
Nov 5, 2009
Sold by
Sirchie Raymond
Bought by
Cotrell Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,600
Interest Rate
4.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 1996
Sold by
Adams Sandra
Bought by
Sirchie Raymond and Adams Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,900
Interest Rate
7.25%
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
Barry Christopher $525,000 First American Title
Cotrell Sharon $329,000 Pacific Nw Title Of Or Inc
Sirchie Raymond -- Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cotrell Sharon $222,600
Previous Owner Sirchie Raymond $88,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $525,000 +1.0% $181 / Sq Ft
05/26/2021 05/26/21 Pending -- -- --
05/12/2021 05/12/21 Price Changed $519,900 -9.6% $179 / Sq Ft
05/01/2021 05/01/21 For Sale $575,000 -- $198 / 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 $6,681 $249,700 -- --
2023 $6,424 $242,430 $0 $0
2022 $6,285 $235,370 $0 $0
2021 $6,179 $228,520 $0 $0
2020 $5,668 $221,870 $0 $0
2019 $5,460 $215,410 $0 $0
2018 $5,299 $209,140 $0 $0
2017 $5,079 $203,050 $0 $0
2016 $4,648 $197,140 $0 $0
2015 $4,526 $191,400 $0 $0
2014 $4,458 $185,830 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Bonner

    Seller's Agent in 2021

    Chris Bonner

    Neighbors Realty

    (503) 516-6912

    1 in this area

    163 Total Sales

    Chris Bonner
    Section Image

  • M

    Buyer's Agent in 2021

    Megan Warren

    MORE Realty

See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21165094

Regional Multiple Listing Service (RMLS)

APN: R327962

Oregon Multnomah County Portland 97202 Brooklyn

3116 SE 7th Ave, Portland, OR

This home is located at 3116 SE 7th Ave, Portland, OR 97202 since 01 May 2021 and is currently estimated at $655,201, approximately $225 per square foot. This property was built in 1896. 3116 SE 7th Ave 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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