NOT LISTED FOR SALE

3308 NE 29th Ave Portland, OR 97212

Alameda Neighborhood

Estimated Value: $815,000 - $1,003,173

4 Beds
2 Baths
2,768 Sq Ft
$319/Sq Ft Est. Value

Last Sold January 05, 2024

Last sale price $830,000 $300 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,549/month

76 Days on Market

Highlights

  • Corner Lot
  • 2 Car Detached Garage
  • Wood Siding
  • Alameda Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of January 2024

Showings set for Wednesday 12/20 from 12-2p with a highest and best offer deadline set for Thursday 12/21 EOD. This classic purpose built Alameda duplex sits on a private corner lot with great rental history and is located close to all the Fremont restaurants and shops as well as Alameda Elementary school. Each kitchen has been completely remodeled with stainless appliances and quartz counters. Both bathrooms have also been remodeled down to the studs with new plumbing and electrical, hardwood floors throughout, fireplaces in each unit with a double wall construction between units for privacy. Each tenant enjoys a single car garage (350 sq/ft) with driveway, back patio and partial basement with washer/dryer are provided. Occupants enjoy three levels of living with large a large primary bedroom and second bedroom upstairs with bathroom. Newer furnaces and knob and tub have been removed with insulation for greater efficiency. Current gross rents are below market at $4,125 with one tenant on an annual lease and the other month to month for potential owner occupied situation.

Last Agent to Sell the Property

Marc Zemp

Keller Williams Sunset Corridor Brokerage Phone: 503-501-6925 License #201203833 Listed on: 10/06/2023

Keller Williams Sunset Corridor

Last Buyer's Agent

William Cochrane

Cochrane Realty LLC License #201237657

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,950

Year Built

  • Built in 1924 | Remodeled

Lot Details

  • Corner Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,768 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Schools

  • Alameda Elementary School
  • Beaumont Middle School
  • Grant High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number R191178

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $22,784
  • Gross Income $46,612
  • Net Operating Income $23,827

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,950

Year Built

Built in 1924 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1924
  • Property Condition: UpdatedRemodeled
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: PartialBasement
  • Storage: Basement,IndividualStorageUnits
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: CornerLot
  • Road Surface Type: Concrete
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Detached, Garage
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

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

Schools

  • Elementary School: Alameda
  • High School: Grant
  • Middle Or Junior School: Beaumont

Lot Info

  • Zoning: R5
  • Parcel #: R191178

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 7949.8

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 17.16
  • Annual Gross Income: 46612.0
  • Property Net Operating Income: 23827.0
  • Annual Operating Expense: 22784.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2023
Closed on
Jan 4, 2024
Sold by
Leafstreet Properties Llc
Bought by
Thirkill Michael
Seller's Agent
Marc Zemp
Keller Williams Sunset Corridor
Buyer's Agent
William Cochrane
Cochrane Realty LLC
List Price
$800,000
Sold Price
$830,000
Premium/Discount to List
$30,000
3.75%
Views
41
Current Estimated Value
$882,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,043
Avg. Annual Appreciation
4.05%

Purchase Details

Closed on
Dec 17, 2018
Sold by
Runyan Dean and Evans Elizabeth
Bought by
Leafstreet Properties Llc
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
Thirkill Michael $830,000 Fidelity National Title
Leafstreet Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Runyan Dean $192,000
Previous Owner Runyan Dean $205,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2024 01/05/24 Sold $830,000 +3.8% $300 / Sq Ft
12/22/2023 12/22/23 Pending -- -- --
10/06/2023 10/06/23 For Sale $800,000 -- $289 / 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
2023 $8,126 $306,650 $0 $0
2022 $7,950 $297,720 $0 $0
2021 $7,815 $289,050 $0 $0
2020 $7,170 $280,640 $0 $0
2019 $6,906 $272,470 $0 $0
2018 $6,703 $264,540 $0 $0
2017 $6,424 $256,840 $0 $0
2016 $5,879 $249,360 $0 $0
2015 $5,725 $242,100 $0 $0
2014 $5,639 $235,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Marc Zemp

    Seller's Agent in 2024

    Marc Zemp

    Keller Williams Sunset Corridor

    (503) 501-6925

    1 in this area

    55 Total Sales

    Marc Zemp
    Section Image
  • William Cochrane

    Buyer's Agent in 2024

    William Cochrane

    Cochrane Realty LLC

    (541) 944-0631

    1 in this area

    37 Total Sales

    William Cochrane
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23478564

Regional Multiple Listing Service (RMLS)

APN: R191178

Oregon Multnomah County Portland 97212 Alameda

3308 NE 29th Ave, Portland, OR

This home is located at 3308 NE 29th Ave, Portland, OR 97212 since 06 October 2023 and is currently estimated at $882,043, approximately $318 per square foot. This property was built in 1924. 3308 NE 29th Ave is a home located in Multnomah County with nearby schools including Alameda Elementary School, Beaumont Middle School, and U.S. Grant High School.

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