$480,000
SOLD FEB 28, 2020

3590 NE 8th St Unit 3600 Gresham, OR 97030

Powell Valley Neighborhood
-- Bed
-- Bath
2,110 Sq Ft
8,059 Sq Ft Lot

Recently Sold

$227 Per Sq Ft

8% Below List Price

54 Days on Market

Highlights

  • 4 Car Attached Garage
  • Forced Air Heating System
  • Lap Siding
  • Cooling Available
  • Level Lot
  • 1-Story Property

About This Home

As of July 2022

Updated Ranch style Duplex. Do not disturb tenants. Exterior features are LAP siding, newer windows, newer composition roof,&private backyard areas. Units are separated by garage. This home has newer carpet, interior paint, AC, new solid granite counters in 3590, & each unit has a gas insert fireplace. Seller is a licensed broker in OR. 1031 exchange at no additional cost to buyer. Buyer to verify sq footage.GRM value is $531,509.

Last Agent to Sell the Property

David Carlson

Premiere Property Group, LLC License #900500158 Listed on: 11/27/2019

Premiere Property Group, LLC

Co-Listed By

Christina Zeilenga

Premiere Property Group, LLC License #200602106

Last Buyer's Agent

Carina Liu

Berkshire Hathaway HomeServices NW Real Estate License #990200059

Berkshire Hathaway HomeServices NW Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,785

Year Built

  • Built in 1974

Lot Details

  • Level Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Composition Roof
  • Lap Siding

Interior Spaces

  • 2,110 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

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

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R262973

Community Details

Overview

  • 2 Units
  • Rowe Terrace Subdivision

Building Details

  • Operating Expense $8,945
  • Gross Income $41,100
  • Net Operating Income $32,155

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,785

Year Built

Built in 1974

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1974
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace, None
  • Storage: Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • View: No
  • Lot Features: Level
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Attached, Garage
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: HeatPump
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: LDR-7
  • Parcel #: R262973

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2018
  • Tax Annual Amount: 3784.84

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.65
  • Annual Gross Income: 41100.0
  • Property Net Operating Income: 32155.0
  • Annual Operating Expense: 8945.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2022
Closed on
Jun 20, 2022
Sold by
Yi Sui
Bought by
Hasbun Jorge and Nosthas-Hasbun Maria Elizabeth
Seller's Agent
Xin Dudley
Premiere Property Group, LLC
Buyer's Agent
Jorge Hasbun
MORE Realty
List Price
$595,000
Sold Price
$588,500
Premium/Discount to List
-$6,500
-1.09%
Current Estimated Value
$583,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,234
Avg. Annual Appreciation
-1.27%
Original Mortgage
$423,750
Outstanding Balance
$403,703
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$160,934

Purchase Details

Listed on
Nov 27, 2019
Closed on
Feb 26, 2020
Sold by
Carlson David J
Bought by
Sui Yi
Seller's Agent
David Carlson
Premiere Property Group, LLC
Buyer's Agent
Carina Liu
Berkshire Hathaway HomeServices NW Real Estate
List Price
$519,900
Sold Price
$480,000
Premium/Discount to List
-$39,900
-7.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.10%
Original Mortgage
$360,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 1997
Sold by
Niemeyer Craig A
Bought by
Carlson David J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 8, 1996
Sold by
Krebs Orville
Bought by
Niemeyer Craig A and Niemeyer Vickie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
9.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $588,500 Lawyers Title
Warranty Deed $480,000 Lawyers Title
Warranty Deed $150,000 First American Title Ins Co
Warranty Deed $145,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $423,750 New Conventional
Previous Owner $360,000 New Conventional
Previous Owner $88,700 New Conventional
Previous Owner $48,000 Credit Line Revolving
Previous Owner $120,000 Purchase Money Mortgage
Previous Owner $108,750 Purchase Money Mortgage
Closed $5,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2022 07/01/22 Sold $588,500 -1.1% $302 / Sq Ft
05/27/2022 05/27/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $595,000 +24.0% $305 / Sq Ft
02/28/2020 02/28/20 Sold $480,000 -7.7% $227 / Sq Ft
01/20/2020 01/20/20 Pending -- -- --
11/27/2019 11/27/19 For Sale $519,900 -- $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 $5,659 $282,040 -- --
2023 $5,156 $273,830 $0 $0
2022 $4,776 $253,350 $0 $0
2021 $4,656 $245,980 $0 $0
2020 $4,380 $238,823 $0 $0
2019 $3,969 $215,760 $0 $0
2018 $3,785 $209,480 $0 $0
2017 $3,631 $203,380 $0 $0
2016 $3,202 $197,460 $0 $0
2015 $3,132 $191,710 $0 $0
2014 $2,993 $186,130 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19615683

Regional Multiple Listing Service (RMLS)

APN: R262973