NOT LISTED FOR SALE

345 W Arlington St Gladstone, OR 97027

Estimated Value: $816,000 - $855,000

8 Beds
4 Baths
3,200 Sq Ft
$263/Sq Ft Est. Value

Last Sold April 10, 2024

Last sale price $825,000 $258 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,002/month

142 Days on Market

Highlights

  • Baseboard Heating
  • Wood Siding
  • 5-minute walk to Charles Ames Memorial City Park

About This Home

As of April 2024

Nice 4 plex in a quiet neighborhood with quick freeway access. 2 blocks from a riverside park. Shopping, restaurants and bus stop in close proximity. All units are currently occupied w/ fenced common lawn and garden area. Decks/patios. 2 of the units have been recently updated. Possible 5th unit/ADA potential. Buyer due diligence. Laundry is onsite.

Last Agent to Sell the Property

Gary Maass

MORE Realty Brokerage Phone: 503-888-4015 License #201214215 Listed on: 08/11/2023

MORE Realty

Last Buyer's Agent

Julie Friedrich

MORE Realty License #201009052

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,218

Year Built

  • Built in 1964

Lot Details

  • 6,229

Parking

  • Assigned Parking

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Crawl Space

Schools

  • John Wetten Elementary School
  • Kraxberger Middle School
  • Gladstone High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 00541907

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $17,304
  • Gross Income $61,620
  • Net Operating Income $44,315

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,218

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1964
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attached,Locked
  • Lot Size Range: SqFt5000to6999

Exterior Features

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

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No

Utilities

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

Schools

  • Elementary School: John Wetten
  • High School: Gladstone
  • Middle Or Junior School: Kraxberger

Lot Info

  • Zoning: Multi
  • Parcel #: 00541907

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 6217.99

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 13.79
  • Annual Gross Income: 61620.0
  • Property Net Operating Income: 44315.0
  • Annual Operating Expense: 17304.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2023
Closed on
Apr 8, 2024
Sold by
Swan Skyler M
Bought by
Lenzini Rachael M
Seller's Agent
Gary Maass
MORE Realty
Buyer's Agent
Julie Friedrich
MORE Realty
List Price
$850,000
Sold Price
$825,000
Premium/Discount to List
-$25,000
-2.94%
Views
82
Current Estimated Value
$841,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,596
Avg. Annual Appreciation
1.49%
Original Mortgage
$783,750
Outstanding Balance
$772,885
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$69,991

Purchase Details

Listed on
Aug 12, 2020
Closed on
Oct 28, 2020
Sold by
Kiof Three Llc
Bought by
Swan Skyler M
Seller's Agent
Marc Hansen
eXp Realty, LLC
Buyer's Agent
Chelsea Hemingway
Redfin
List Price
$675,000
Sold Price
$675,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.01%
Original Mortgage
$662,774
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 5, 2013
Sold by
Klof Gregory and Klof Douglas
Bought by
Klof Three Llc

Purchase Details

Closed on
Mar 27, 2013
Sold by
Klof Three Llc
Bought by
Klof Douglas and Klof Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Interest Rate
3.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 3, 2012
Sold by
Klof Gregory and Klof Douglas
Bought by
Klof Three Llc

Purchase Details

Closed on
Dec 11, 2009
Sold by
Talbert Larry K and Talbert Joanne L
Bought by
Klof Gregory and Klof Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,274
Interest Rate
4.91%
Mortgage Type
FHA
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
Lenzini Rachael M $825,000 Wfg National Title
Swan Skyler M $675,000 Old Republic Title Company
Klof Three Llc -- None Available
Klof Douglas -- First American
Klof Three Llc -- None Available
Klof Gregory $288,500 Pacific Nw Title Of Or Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lenzini Rachael M $783,750
Previous Owner Swan Skyler M $662,774
Previous Owner Klof Douglas $277,500
Previous Owner Klof Gregory $283,274
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2024 04/10/24 Sold $825,000 -2.9% $258 / Sq Ft
01/01/2024 01/01/24 Pending -- -- --
12/30/2023 12/30/23 For Sale $850,000 0.0% $266 / Sq Ft
12/06/2023 12/06/23 Pending -- -- --
12/05/2023 12/05/23 For Sale $850,000 0.0% $266 / Sq Ft
12/01/2023 12/01/23 Pending -- -- --
09/18/2023 09/18/23 Price Changed $850,000 -2.9% $266 / Sq Ft
09/07/2023 09/07/23 For Sale $875,000 0.0% $273 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
08/11/2023 08/11/23 For Sale $875,000 +29.6% $273 / Sq Ft
11/03/2020 11/03/20 Sold $675,000 0.0% $211 / Sq Ft
08/29/2020 08/29/20 Pending -- -- --
08/22/2020 08/22/20 For Sale $675,000 0.0% $211 / Sq Ft
08/14/2020 08/14/20 Pending -- -- --
08/12/2020 08/12/20 For Sale $675,000 -- $211 / 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 $6,686 $331,357 -- --
2023 $6,686 $321,706 $0 $0
2022 $6,218 $312,336 $0 $0
2021 $5,989 $303,239 $0 $0
2020 $5,847 $294,407 $0 $0
2019 $5,779 $285,833 $0 $0
2018 $5,569 $277,508 $0 $0
2017 $5,402 $269,425 $0 $0
2016 $5,224 $261,578 $0 $0
2015 $5,052 $253,959 $0 $0
2014 $4,916 $246,562 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Gary Maass

    Seller's Agent in 2024

    Gary Maass

    MORE Realty

    (503) 888-4015

    1 in this area

    27 Total Sales

    Gary Maass
    Section Image
  • Julie Friedrich

    Buyer's Agent in 2024

    Julie Friedrich

    MORE Realty

    (503) 329-0233

    1 in this area

    66 Total Sales

    Julie Friedrich
    Section Image
  • Marc Hansen

    Seller's Agent in 2020

    Marc Hansen

    eXp Realty, LLC

    (503) 901-3337

    1 in this area

    96 Total Sales

    Marc Hansen
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23029284

Regional Multiple Listing Service (RMLS)

APN: 00541907

Oregon Clackamas County Gladstone 97027

345 W Arlington St, Gladstone, OR

This home is located at 345 W Arlington St, Gladstone, OR 97027 since 11 August 2023 and is currently estimated at $841,596, approximately $262 per square foot. This property was built in 1964. 345 W Arlington St is a home located in Clackamas County with nearby schools including John Wetten Elementary School, Walter L Kraxberger Middle School, and Gladstone High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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