NOT LISTED FOR SALE

Estimated Value: $861,673 - $926,000

8 Beds
4 Baths
3,052 Sq Ft
$290/Sq Ft Est. Value

Last Sold February 05, 2021

Last sale price $750,000 $246 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,508/month

92 Days on Market

Highlights

  • Views
  • Level Lot
  • 3-minute walk to Powell Park
  • Cleveland High School Rated A-
  • Lap Siding

About This Home

As of February 2021

Don't miss this rare opportunity to own a close-in Brooklyn 4-plex, just 9 blocks from the trendy eats, treats and boutiques of SE Division St. Each unit is 2 bed, 1 bath, approx. 750sqft, and includes off-street parking. Property is professionally managed with good rental history, fully rented, and ready for new owner. Updated siding, and windows. Do not disturb tenants. Make offer contingent upon interior inspection.

Last Agent to Sell the Property

Orly Halpern

John L. Scott Portland Central License #200510231 Listed on: 09/24/2020

John L. Scott Portland Central

Last Buyer's Agent

Kasra Shakerin

Premiere Property Group, LLC License #200202177

Premiere Property Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,345

Year Built

  • Built in 1965

Lot Details

  • Level Lot

Home Design

  • Lap Siding

Interior Spaces

  • 2-Story Property
  • Range
  • Property Views

Parking

  • Paved Parking
  • Assigned Parking

Community Details

  • 4 Units
  • Property managed by Grid Property Management

Listing and Financial Details

  • Rent includes trash collection, sewer, water, ground maintenance

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,345

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3052
  • Stories: 2
  • Year Built: 1965
  • Property Condition: Unknown
  • Remarks Public: Don't miss this rare opportunity to own a close-in Brooklyn 4-plex, just 9 blocks from the trendy eats, treats and boutiques of SE Division St. Each unit is 2 bed, 1 bath, approx. 750sqft, and includes off-street parking. Property is professionally managed with good rental history, fully rented, and ready for new owner. Updated siding, and windows. Do not disturb tenants. Make offer contingent upon interior inspection.
  • Unreinforced Masonry Building: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: SMITHS SUB & ADD EP, BLOCK 11 TL 18300

Exterior Features

  • Exterior Description: Lap Siding
  • Lot Size: 3,000 to 4,999 SqFt
  • Roof Type: Composition
  • View: Park/Greenbelt
  • View: Yes
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Assigned, Paved

Utilities

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

Condo/Co-op/Association

  • Management Name: Grid Property Management
  • Common Amenities: Laundry
  • Unit Features: Range, Refrigerator

Schools

  • Elementary School: Grout
  • Middle School: Hosford
  • High School: Cleveland

Lot Info

  • Lot Description: Level
  • Zoning: IG-1

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water, Maintenance Grounds

Tax Info

  • Tax Amount: 6819.56
  • Assessor Parcel Number: R271534
  • Tax Year: 2019

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 13.11

MLS Schools

  • Elementary School: Grout
  • High School: Cleveland
  • Middle School: Hosford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2020
Closed on
Jan 4, 2021
Sold by
Sowers Warren C
Bought by
Mcdonnell Michael and Mcdonnell Hattie
Seller's Agent
Orly Halpern
John L. Scott Portland Central
Buyer's Agent
Kasra Shakerin
Premiere Property Group, LLC
List Price
$750,000
Sold Price
$750,000
Current Estimated Value
$884,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,918
Avg. Annual Appreciation
3.69%
Original Mortgage
$562,500
Outstanding Balance
$502,221
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$382,697

Purchase Details

Closed on
Sep 8, 2005
Sold by
Wong Hoi Hung
Bought by
Sowers Warren C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,750
Interest Rate
2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 27, 1995
Sold by
Dong Charlie
Bought by
Wong Hoi H and Wong Louisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,900
Interest Rate
7.97%
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
Mcdonnell Michael $750,000 First American
Sowers Warren C $315,000 Transnation Title Agency Or
Wong Hoi H $164,900 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdonnell Michael $562,500
Previous Owner Sowers Warren C $252,000
Previous Owner Sowers Warren C $204,750
Previous Owner Wong Hoi H $131,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2021 02/05/21 Sold $750,000 0.0% $246 / Sq Ft
12/25/2020 12/25/20 Pending -- -- --
09/24/2020 09/24/20 For Sale $750,000 -- $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 $8,345 $311,900 -- --
2023 $8,024 $302,820 $0 $0
2022 $7,850 $294,000 $0 $0
2021 $7,718 $285,440 $0 $0
2020 $7,080 $277,130 $0 $0
2019 $6,820 $269,060 $0 $0
2018 $6,619 $261,230 $0 $0
2017 $6,344 $253,630 $0 $0
2016 $5,806 $246,250 $0 $0
2015 $5,654 $239,080 $0 $0
2014 $5,568 $232,120 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20560307

Regional Multiple Listing Service (RMLS)

APN: R271534