NOT LISTED FOR SALE

Estimated Value: $472,954 - $538,000

6 Beds
4 Baths
1,950 Sq Ft
$263/Sq Ft Est. Value

Last Sold May 16, 2022

Last sale price $500,000 $256 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,232/month

5 Days on Market

Highlights

  • Attached Garage
  • Property is near a bus stop
  • Wood Siding
  • Zoned Heating
  • Level Lot
  • 3-minute walk to Kane Road Park

About This Home

As of May 2022

Exceptional investment opportunity. Hard to find 1 level 3 bedroom duplex & the master bedrooms have private 1/2 baths. The well maintained units are separated by single car garages providing additional privacy. Both units have washer/dryers, separate private fenced yards & storage sheds. New range & fridge in 1 unit. Tear off new roof 2017. Close to shopping, Public Transportation, & freeway. Long-term tenants have stayed current on rent through pandemic. PLEASE DO NOT DISTURB TENANTS.

Last Listed By

Rod McAdams

Keller Williams PDX Central License #960100013 Listed on: 03/02/2022

Keller Williams PDX Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,257

Year Built

  • Built in 1976

Lot Details

  • 8,102

Parking

  • Attached Garage

Home Design

  • Composition Roof
  • Wood Siding
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,950 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

  • Hall Elementary School
  • Gordon Russell Middle School
  • Sam Barlow High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Additional Features

  • Level Lot
  • Property is near a bus stop

Listing and Financial Details

  • Rent includes sewer, trashcollection
  • Assessor Parcel Number R272196

Community Details

Overview

  • 2 Units
  • Soto Grande Subdivision
  • Property managed by LIC Assist- Kiara 503-260-0591

Building Details

  • Operating Expense $5,506
  • Gross Income $23,940
  • Net Operating Income $18,434

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,257

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1976
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: T111Siding,WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, OnBusline
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Management Name: LIC Assist- Kiara 503-260-0591

Schools

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

Lot Info

  • Zoning: LDR
  • Parcel #: R272196

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 4256.75

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 19.17
  • Annual Gross Income: 23940.0
  • Property Net Operating Income: 18434.0
  • Annual Operating Expense: 5506.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2022
Closed on
May 10, 2022
Sold by
Randhawa Jatinder S
Bought by
Said Ebram and Said Marian
Seller's Agent
Rod McAdams
Keller Williams PDX Central
Buyer's Agent
Samir Azer
eXp Realty, LLC
List Price
$459,000
Sold Price
$500,000
Premium/Discount to List
$41,000
8.93%
Total Days on Market
5
Current Estimated Value
$512,989

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,989
Avg. Annual Appreciation
0.87%
Original Mortgage
$375,000
Outstanding Balance
$358,825
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$154,164

Purchase Details

Closed on
Dec 7, 2004
Sold by
Rominger Jaylee A
Bought by
Randhawa Jatinder S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,400
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 1997
Sold by
Meisner Diane
Bought by
Rominger Jaylee A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Interest Rate
7.44%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
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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
Said Ebram $500,000 First American Title
Randhawa Jatinder S $222,500 Fidelity Natl Title Co Of Or
Rominger Jaylee A $174,900 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Said Ebram $375,000
Previous Owner Randhawa Jatinder S $68,400
Previous Owner Rominger Jaylee A $121,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2022 05/16/22 Sold $500,000 +8.9% $256 / Sq Ft
03/07/2022 03/07/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $459,000 -- $235 / 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 $4,492 $238,590 $0 $0
2022 $4,367 $231,650 $0 $0
2021 $4,257 $224,910 $0 $0
2020 $4,005 $218,360 $0 $0
2019 $3,900 $212,000 $0 $0
2018 $3,719 $205,830 $0 $0
2017 $3,568 $199,840 $0 $0
2016 $3,146 $194,020 $0 $0
2015 $3,059 $188,370 $0 $0
2014 $2,923 $182,890 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22437081

Regional Multiple Listing Service (RMLS)

APN: R272196