NOT LISTED FOR SALE

3411 SE 85th Ave Unit 3423 Portland, OR 97266

Powellhurst-Gilbert Neighborhood

Estimated Value: $596,000 - $947,000

9 Beds
9 Baths
4,348 Sq Ft
$171/Sq Ft Est. Value

Last Sold October 02, 2020

Last sale price $511,875 $118 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $5,064/month

Highlights

  • Parking Storage or Cabinetry
  • Property is near a bus stop
  • Lap Siding
  • Harrison Park School Rated 9+
  • Garage

About This Home

As of October 2020

Great opportunity for an investor or owner/occupant to purchase a 4-Plex building in SE Portland. One 3br unit and three 2 br unit options available with each unit featuring its own detached one car garage. Located close to restaurants, grocery stores, public transportation and easy access to the highway makes this property highly desirable and easy to lease! Current rents are below market rents. Fully leased with one vacancy coming up at the end of August.

Last Agent to Sell the Property

Chris Suarez

Keller Williams Sunset Corridor License #200108016 Listed on: 07/14/2020

Keller Williams Sunset Corridor

Co-Listed By

Brandi Smith

MORE Realty License #201206379

Last Buyer's Agent

Rob Young

Legacy Realty Group License #871100150

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,054

Year Built

  • Built in 1996

Lot Details

  • 8,276

Home Design

  • Brick Exterior Construction
  • Lap Siding

Parking

  • Garage
  • Parking Storage or Cabinetry

Additional Features

  • 2-Story Property
  • Property is near a bus stop

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,054

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 4348
  • Stories: 2
  • Year Built: 1996
  • Remarks Public: Great opportunity for an investor or owner/occupant to purchase a 4-Plex building in SE Portland. One 3br unit and three 2 br unit options available with each unit featuring its own detached one car garage. Located close to restaurants, grocery stores, public transportation and easy access to the highway makes this property highly desirable and easy to lease! Current rents are below market rents. Fully leased with one vacancy coming up at the end of August.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: SECTION 09 1S 2E, TL 9900 0.19 ACRES
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Brick, Lap Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Parking Description: Garage

Utilities

  • Fuel Description: Electricity
  • Sewer: Public Sewer
  • Water Description: Public

Association/Amenities

  • Amenities Supplement: No

Schools

  • Middle School: Harrison Park
  • High School: Madison

Lot Info

  • Lot Description: On Busline
  • Zoning: CM1
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Amount: 11072.09
  • Assessor Parcel Number: R333371
  • Tax Year: 2019

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.84

MLS Schools

  • High School: Madison
  • Middle School: Harrison Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2023
Sold by
Young Robert L and Young Heidi R
Bought by
Young
Current Estimated Value
$743,785

Purchase Details

Closed on
Aug 8, 2022
Sold by
R & H Young Family Trust
Bought by
Young Robert L and Young Heidi R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
4.99%
Mortgage Type
Balloon

Purchase Details

Listed on
Jul 14, 2020
Closed on
Sep 30, 2020
Sold by
Fields John D
Bought by
Young Robert Leroy and Young Heidi Rochelle
Seller's Agent
Chris Suarez
Keller Williams Sunset Corridor
Buyer's Agent
Rob Young
Legacy Realty Group
List Price
$789,000
Sold Price
$511,875
Premium/Discount to List
-$277,125
-35.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.65%
Original Mortgage
$500,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2018
Sold by
Fields John D
Bought by
Fields John D

Purchase Details

Closed on
May 24, 2012
Sold by
Fields Bessie M
Bought by
Fields Bessie Marie and The Bessie Marie Fields Living Trust

Purchase Details

Closed on
Sep 12, 1996
Sold by
Andrusko & Sons Mason Contractors Inc
Bought by
Gaines Bessie Fields

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
8.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 1995
Sold by
Cahill William A and Cahill Rose
Bought by
Andrusko & Sons Inc
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
Young -- First American Title
Young Robert L -- First American Title
Young Robert Leroy $511,875 Lawyers Title Of Oregon Llc
Fields John D -- None Available
Fields Bessie Marie -- None Available
Gaines Bessie Fields $325,000 Fidelity National Title Co
Andrusko & Sons Inc $40,500 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Young Robert L $665,000
Previous Owner Young Robert Leroy $500,000
Previous Owner Gaines Bessie Fields $243,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2020 10/02/20 Sold $511,875 -26.9% $118 / Sq Ft
08/20/2020 08/20/20 Pending -- -- --
08/17/2020 08/17/20 Price Changed $700,000 -11.3% $161 / Sq Ft
08/06/2020 08/06/20 For Sale $789,000 0.0% $181 / Sq Ft
07/27/2020 07/27/20 Pending -- -- --
07/14/2020 07/14/20 For Sale $789,000 -- $181 / 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
2025 $14,054 $521,570 -- --
2024 $13,548 $506,380 -- --
2023 $13,028 $491,640 $0 $0
2022 $12,746 $477,330 $0 $0
2021 $12,530 $463,430 $0 $0
2020 $11,495 $449,940 $0 $0
2019 $11,072 $436,840 $0 $0
2018 $10,746 $424,120 $0 $0
2017 $10,300 $411,770 $0 $0
2016 $9,426 $399,780 $0 $0
2015 $9,178 $388,140 $0 $0
2014 $8,998 $376,840 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Suarez

    Seller's Agent in 2020

    Chris Suarez

    Keller Williams Sunset Corridor

    (503) 546-9955

    3 in this area

    272 Total Sales

    Chris Suarez
    Section Image
  • Brandi Smith

    Seller Co-Listing Agent in 2020

    Brandi Smith

    MORE Realty

    (503) 857-2747

    27 Total Sales

    Brandi Smith
    Section Image

  • R

    Buyer's Agent in 2020

    Rob Young

    Legacy Realty Group

    (503) 890-5863

    58 Total Sales

    Rob Young
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20414811

Regional Multiple Listing Service (RMLS)

APN: R333371

Oregon Multnomah County Portland 97266 Powellhurst-Gilbert

3411 SE 85th Ave Unit 3423, Portland, OR

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