NOT LISTED FOR SALE

3307 3309 SE 12th St Gresham, OR 97080

Kelly Creek Neighborhood

Estimated Value: $499,000 - $526,000

4 Beds
2 Baths
1,824 Sq Ft
$281/Sq Ft Est. Value

Last Sold December 06, 2022

Last sale price $417,500 $229 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,156/month

25 Days on Market

Highlights

  • Forced Air Heating System
  • Garage
  • Wood Siding

About This Home

As of December 2022

Easy opportunity for handy investor or someone who wants to start their real estate investment journey. Both sides rented mo to mo. Property has two units- each w/ 2 bedrooms & a single bathroom, laundry hookups, & garage, plus driveway parking. The large level back yards are fully fenced & separated. Interior of units are in great condition. 1 with a recently replaced water heater (3309). Seller is motived and may consider all offers!!

Last Agent to Sell the Property

Leilani Powell

Found It LLC License #201206142 Listed on: 10/11/2022

Last Buyer's Agent

Eduard Anishchenko

Better Homes & Gardens Realty License #200203076

Better Homes & Gardens Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,433

Year Built

  • Built in 1981

Lot Details

  • 10,454

Parking

  • Garage

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,824 Sq Ft Home
  • Crawl Space

Schools

  • Kelly Creek Elementary School
  • Gordon Russell Middle School
  • Sam Barlow High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number R242938

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $7,633
  • Gross Income $28,800
  • Net Operating Income $21,167

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,433

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1981
  • 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: SqFt10000to14999

Exterior Features

  • Exterior Description: Other,WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • View: No
  • Road Surface Type: Concrete
  • Disclosures: Exempt
  • Roof: Composition

Garage/Parking

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

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity,Gas
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Kelly Creek
  • High School: Sam Barlow
  • Middle Or Junior School: Gordon Russell

Lot Info

  • Zoning: R5
  • Parcel #: R242938

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 4432.97

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.59
  • Annual Gross Income: 28800.0
  • Property Net Operating Income: 21167.0
  • Annual Operating Expense: 7633.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2022
Closed on
Dec 21, 2022
Sold by
Tower Hill Limited Partnership
Bought by
Arabadji Evgheni and Arabadji Liya
Seller's Agent
Leilani Powell
Found It LLC
Buyer's Agent
Eduard Anishchenko
Better Homes & Gardens Realty
List Price
$449,000
Sold Price
$417,500
Premium/Discount to List
-$31,500
-7.02%
Views
61
Current Estimated Value
$512,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,673
Original Mortgage
$375,750
Outstanding Balance
$366,192
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2005
Sold by
Johnson Armand Jay
Bought by
Tower Hill Lp

Purchase Details

Closed on
Mar 1, 2004
Sold by
Johnson Armand J
Bought by
Tower Hill Lp

Purchase Details

Closed on
Jul 15, 2002
Sold by
Tower Hill Ltd Partnership
Bought by
Johnson Armand J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,600
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2002
Sold by
Abrams Edna M
Bought by
Tower Hill Ltd Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,600
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
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
Arabadji Evgheni $417,500 Ticor Title
Tower Hill Lp -- --
Tower Hill Lp -- --
Johnson Armand J -- Ticor Title
Tower Hill Ltd Partnership $76,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arabadji Evgheni $375,750
Previous Owner Johnson Armand J $117,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2022 12/06/22 Sold $417,500 -7.0% $229 / Sq Ft
11/06/2022 11/06/22 Pending -- -- --
10/11/2022 10/11/22 For Sale $449,000 -- $246 / 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 $5,424 $270,330 -- --
2023 $5,424 $248,470 $0 $0
2022 $4,547 $241,240 $0 $0
2021 $4,433 $234,220 $0 $0
2020 $4,171 $227,400 $0 $0
2019 $4,062 $220,780 $0 $0
2018 $3,873 $214,350 $0 $0
2017 $3,716 $208,110 $0 $0
2016 $3,276 $202,050 $0 $0
2015 $3,205 $196,170 $0 $0
2014 $3,127 $190,460 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Leilani Powell

    Seller's Agent in 2022

    Leilani Powell

    Found It LLC

    (503) 804-0587

    3 in this area

    70 Total Sales

    Leilani Powell
    Section Image

  • E

    Buyer's Agent in 2022

    Eduard Anishchenko

    Better Homes & Gardens Realty

    (503) 888-1504

    3 in this area

    147 Total Sales

    Eduard Anishchenko
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22155935

Regional Multiple Listing Service (RMLS)

APN: R242938

Oregon Multnomah County Gresham 97080 Kelly Creek

3307 3309 SE 12th St, Gresham, OR

This home is located at 3307 3309 SE 12th St, Gresham, OR 97080 since 11 October 2022 and is currently estimated at $512,173, approximately $280 per square foot. This property was built in 1981. 3307 3309 SE 12th St is a home located in Multnomah County with nearby schools including Kelly Creek Elementary School, Gordon Russell Middle School, and Sam Barlow High School.

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