NOT LISTED FOR SALE

3248 SE 148th Ave Unit 3250 Portland, OR 97236

Centennial Neighborhood

Estimated Value: $453,000 - $561,000

8 Beds
4 Baths
3,648 Sq Ft
$135/Sq Ft Est. Value

Last Sold July 31, 2014

Last sale price $389,000 $107 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,057/month

6 Days on Market

Highlights

  • Parking Storage or Cabinetry
  • Level Lot
  • 1-Story Property
  • Garage
  • Wood Siding

About This Home

As of July 2014

Rents far below current market rents. Great opportunity to build quick equity. 2 Nice duplexes with long term tenants, 3248-3308 SE 148th, must be sold together. Large lots! One apartment remodeled last year. 5% down to an owner-occupant. Your tenants will pay your mortgage! Do not disturb tenants.

Last Agent to Sell the Property

Tom Abalan

Kelly Right Real Estate of Portland, LLC License #200606374 Listed on: 04/29/2014

Kelly Right Real Estate of Portland, LLC

Last Buyer's Agent

Ty Schimpf

Investment Properties, LLC. License #980200212

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,328

Year Built

  • Built in 1979

Lot Details

  • 9,453

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Dishwasher
  • Disposal

Parking

  • Garage
  • Parking Storage or Cabinetry
  • Open Parking

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,328

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 3648
  • Stories: 1
  • Year Built: 1979
  • Year Built Description: Existing
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space
  • Legal Description: SCHENKS ADDITION, BLOCK 1, LOT 3
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Brick, Wood Siding
  • Lot Size: 15,000 to 19,999 SqFt

Garage/Parking

  • Parking Description: Open, Garage

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard
  • Utilities Included: Trash Collection, Water

Condo/Co-op/Association

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

Schools

  • Elementary School: Parklane
  • Middle School: Centennial
  • High School: Centennial

Lot Info

  • Lot Description: Level
  • Zoning: R3

Tax Info

  • Tax Amount: 5634.52
  • Assessor Parcel Number: R266144

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 11.40

MLS Schools

  • Elementary School: Parklane
  • High School: Centennial
  • Middle School: Centennial

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 21, 2002
Sold by
Lee Brian C
Bought by
Lee Brian C and Lee Sandra K
Current Estimated Value
$494,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Outstanding Balance
$52,271
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$441,996

Purchase Details

Closed on
Nov 20, 2002
Sold by
Walker Lisa Marie
Bought by
Lee Brian C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Outstanding Balance
$52,271
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$441,996

Purchase Details

Closed on
Feb 19, 2002
Sold by
Walker Mark G
Bought by
Walker Mark Gerard and Walker Lisa Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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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
Lee Brian C -- First American
Lee Brian C $157,500 First American
Walker Mark Gerard -- Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Brian C $126,000
Previous Owner Walker Mark Gerard $128,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2014 07/31/14 Sold $389,000 0.0% $107 / Sq Ft
05/05/2014 05/05/14 Pending -- -- --
04/29/2014 04/29/14 For Sale $389,000 -- $107 / 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 $5,328 $233,200 -- --
2023 $5,101 $226,410 $0 $0
2022 $4,976 $219,820 $0 $0
2021 $5,020 $213,420 $0 $0
2020 $4,476 $207,210 $0 $0
2019 $4,308 $201,180 $0 $0
2018 $4,163 $195,330 $0 $0
2017 $3,794 $189,650 $0 $0
2016 $3,321 $184,130 $0 $0
2015 $3,107 $178,770 $0 $0
2014 $3,165 $173,570 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2014

    Tom Abalan

    Kelly Right Real Estate of Portland, LLC

    Section Image

  • T

    Buyer's Agent in 2014

    Ty Schimpf

    Investment Properties, LLC.

    (503) 329-4542

    3 Total Sales

    Ty Schimpf
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 14232174

Regional Multiple Listing Service (RMLS)

APN: R266144

Oregon Multnomah County Portland 97236 Centennial

3248 SE 148th Ave Unit 3250, Portland, OR

This home is located at 3248 SE 148th Ave Unit 3250, Portland, OR 97236 since 29 April 2014 and is currently estimated at $494,267, approximately $135 per square foot. This property was built in 1979. 3248 SE 148th Ave Unit 3250 is a home located in Multnomah County with nearby schools including Powell Butte Elementary School, Centennial Middle School, and Centennial High School.

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