$548,420
SOLD DEC 14, 2018
-- Bed
-- Bath
1,440 Sq Ft
4,182 Sq Ft Lot

Recently Sold

$381 Per Sq Ft

6 Days on Market

Highlights

  • Zoned Heating
  • 1-Story Property
  • 4-minute walk to Balfour Park
  • Level Lot

About This Home

As of October 2021

Great investment opportunity! This Milwaukie 4 plex has been completely updated! New roof, exterior and interior paint, flooring, cabinetry, appliances, countertops, sinks, toilets, showers, light fixtures, etc. Two buildings - one has two studio units and the other has two 1 bedroom units. Units rent very quickly and are move in ready! Check out the numbers! The work has been done, just collect the rent now!

Last Agent to Sell the Property

Sheila Anderegg

Berkshire Hathaway HomeServices NW Real Estate License #200412128 Listed on: 10/05/2018

Berkshire Hathaway HomeServices NW Real Estate

Co-Listed By

Jody Dawes

Legacy Realty Group License #200203427

Last Buyer's Agent

Chris Merz

Keller Williams Realty Portland Premiere License #201221560

Keller Williams Realty Portland Premiere

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,523

Year Built

  • Built in 1942

Lot Details

  • Level Lot

Parking

  • 4 Car Garage
  • Open Parking

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 1,440 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

  • Ardenwald Elementary School
  • Rowe Middle School
  • Milwaukie High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number 00012809

Community Details

Overview

  • 4 Units
  • Ardenwald Subdivision

Building Details

  • Operating Expense $9,023
  • Gross Income $49,200
  • Net Operating Income $40,177

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,523

Year Built

Built in 1942

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1942
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: No
  • Lot Features: Level
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Open, Paved
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

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

Schools

  • Elementary School: Ardenwald
  • High School: Milwaukie
  • Middle Or Junior School: Rowe

Lot Info

  • Zoning: R7
  • Parcel #: 00012809

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2017
  • Tax Annual Amount: 2522.68

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 11.18
  • Annual Gross Income: 49200.0
  • Property Net Operating Income: 40177.0
  • Annual Operating Expense: 9023.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2021
Closed on
Sep 8, 2021
Sold by
Patton John
Bought by
Munson Melissa and Munson Joel
Seller's Agent
Matt Booth
RE/MAX Equity Group
Buyer's Agent
Renee Espinosa
MORE Realty
List Price
$615,000
Sold Price
$615,000
Current Estimated Value
$647,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,804
Avg. Annual Appreciation
1.34%
Original Mortgage
$461,250
Outstanding Balance
$420,617
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$227,187

Purchase Details

Listed on
Oct 5, 2018
Closed on
Dec 7, 2018
Sold by
Rh Ventures Llc
Bought by
Patton John
Seller's Agent
Sheila Anderegg
Berkshire Hathaway HomeServices NW Real Estate
Buyer's Agent
Chris Merz
Keller Williams Realty Portland Premiere
List Price
$550,000
Sold Price
$548,420
Premium/Discount to List
-$1,580
-0.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.18%
Original Mortgage
$406,750
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 24, 2017
Closed on
May 15, 2017
Sold by
Remillard Dale A and Remillard Jeri L
Bought by
Rh Ventures Llc
Seller's Agent
Jeff Wiren
Premiere Property Group, LLC
Buyer's Agent
Rob Young
Legacy Realty Group
List Price
$265,000
Sold Price
$250,000
Premium/Discount to List
-$15,000
-5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.93%
Original Mortgage
$240,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 2001
Sold by
Remillard Dale A and Remillard Jeri L
Bought by
Remillard Dale A and Remillard Jeri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 2001
Sold by
Henderson Keeth and Henderson Genevie
Bought by
Remillard Dale A and Remillard Jeri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 19, 2001
Sold by
Long Deborah A and A 1 Properties
Bought by
Remillard Dale A and Remillard Jeri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 21, 1998
Sold by
Remillard Dale A
Bought by
Remillard Dale A and Remillard Jeri L
Source: Public Records

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Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $615,000 Fidelity Natl Ttl Co Of Or
Warranty Deed $548,420 First American Title
Warranty Deed $250,000 Lawyers
Interfamily Deed Transfer -- First American Title Ins Co
Special Warranty Deed $63,500 First American Title Ins Co
Special Warranty Deed $63,500 First American Title Ins Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $461,250 New Conventional
Previous Owner $406,750 New Conventional
Previous Owner $240,000 Commercial
Previous Owner $110,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Sold $615,000 0.0% $427 / Sq Ft
07/27/2021 07/27/21 Pending -- -- --
07/20/2021 07/20/21 For Sale $615,000 0.0% $427 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/19/2021 06/19/21 For Sale $615,000 +12.1% $427 / Sq Ft
12/14/2018 12/14/18 Sold $548,420 -0.3% $381 / Sq Ft
10/11/2018 10/11/18 Pending -- -- --
10/05/2018 10/05/18 For Sale $550,000 +120.0% $382 / Sq Ft
05/19/2017 05/19/17 Sold $250,000 -5.7% $347 / Sq Ft
03/29/2017 03/29/17 Pending -- -- --
03/24/2017 03/24/17 For Sale $265,000 -- $368 / 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 $5,508 $251,648 -- --
2023 $5,508 $244,319 $0 $0
2022 $5,087 $237,203 $0 $0
2021 $4,908 $230,295 $0 $0
2020 $4,756 $223,588 $0 $0
2019 $4,685 $217,076 $0 $0
2018 $2,597 $131,375 $0 $0
2017 $2,523 $127,549 $0 $0
2016 $2,438 $123,834 $0 $0
2015 $2,322 $120,227 $0 $0
2014 $2,202 $116,725 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18171263

Regional Multiple Listing Service (RMLS)

APN: 00012809