NOT LISTED FOR SALE

Estimated Value: $576,000 - $622,000

6 Beds
6 Baths
2,978 Sq Ft
$203/Sq Ft Est. Value

Last Sold January 15, 2013

Last sale price $245,000 $82 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $3,817/month

6 Days on Market

Highlights

  • Attached Garage
  • Level Lot
  • 3-minute walk to Wilkes Park
  • Washer and Dryer

About This Home

As of January 2013

Turn-key investment opportunity in Northeast Portland. Newer construction surrounded by a diverse housing stock. No deferred maintenance and consistent tenancy. Rents are below market, indicating significant upside in income. No sign on the property, please do not disturb tenants or walk the property.

Last Agent to Sell the Property

Tyler King

Windermere Realty Trust License #201106119 Listed on: 11/09/2012

Windermere Realty Trust

Last Buyer's Agent

Laura Mauer

Laura J. Mauer License #920500077

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,391

Year Built

  • Built in 2000

Lot Details

  • Level Lot

Parking

  • Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Washer and Dryer

Kitchen

  • Range
  • Dishwasher
  • Disposal

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,391

Year Built

Built in 2000

Lot Details

0

Parking

2

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 2978
  • Stories: 2
  • Year Built: 2000
  • Year Built Description: Existing
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: No Basement
  • Legal Description: RIVER VIEW VILLAGE, LOT 58, INC UND INT TRACTS A&B&C
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Vinyl Siding
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 2
  • Parking Description: Attached, Garage

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air
  • Utilities Included: Trash Collection

Condo/Co-op/Association

  • Unit Features: Dishwasher, Disposal, Range, Washer/Dryer

Schools

  • Elementary School: Margaret Scott
  • Middle School: H.B. Lee
  • High School: Reynolds

Lot Info

  • Lot Description: Level
  • Zoning: R3

Tax Info

  • Tax Amount: 4115.79
  • Assessor Parcel Number: R255942

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 10.23

MLS Schools

  • Elementary School: Margaret Scott
  • High School: Reynolds
  • Middle School: H.B. Lee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2012
Closed on
Jan 10, 2013
Sold by
Ross Daniel H
Bought by
Tang Minh K and Nguyen Snow T
Seller's Agent
Tyler King
Windermere Realty Trust
Buyer's Agent
Laura Mauer
Laura J. Mauer
List Price
$249,000
Sold Price
$245,000
Premium/Discount to List
-$4,000
-1.61%
Total Days on Market
6
Current Estimated Value
$603,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$358,156
Avg. Annual Appreciation
7.47%
Original Mortgage
$183,750
Outstanding Balance
$45,447
Interest Rate
3.27%
Mortgage Type
New Conventional
Estimated Equity
$552,131

Purchase Details

Listed on
Nov 9, 2012
Closed on
Dec 19, 2012
Sold by
S3 Real Estate Llc
Bought by
Ross Daniel H
Seller's Agent
Tyler King
Windermere Realty Trust
Buyer's Agent
Laura Mauer
Laura J. Mauer
List Price
$249,000
Sold Price
$245,000
Premium/Discount to List
-$4,000
-1.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Outstanding Balance
$45,447
Interest Rate
3.27%
Mortgage Type
New Conventional
Estimated Equity
$552,131

Purchase Details

Closed on
Jan 25, 2010
Sold by
Ross Daniel H
Bought by
S3 Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,800
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2009
Sold by
S3 Real Estate Llc
Bought by
Ross Daniel H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,800
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2000
Sold by
Laughery Steven R
Bought by
Ross Daniel H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,500
Interest Rate
8.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 6, 2000
Sold by
Ross Dan
Bought by
Ross Daniel H and Laughery Steven R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,500
Interest Rate
8.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 1998
Sold by
Cypress Venture Inc
Bought by
Steve Laughery Contracting Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,500
Interest Rate
7.4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Tang Minh K $245,000 Chicago Title
Ross Daniel H -- Chicago Title
S3 Real Estate Llc -- Accommodation
Ross Daniel H -- Ticor Title Insurance Co
Ross Daniel H $14,900 Pacific Nw Title
Ross Daniel H -- Pacific Nw Title
Steve Laughery Contracting Inc $58,000 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tang Minh K $183,750
Previous Owner Ross Daniel H $169,800
Previous Owner Ross Daniel H $201,500
Previous Owner Steve Laughery Contracting Inc $205,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2013 01/15/13 Sold $245,000 -1.6% $82 / Sq Ft
11/15/2012 11/15/12 Pending -- -- --
11/09/2012 11/09/12 For Sale $249,000 -- $84 / 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 $7,391 $326,540 $0 $0
2022 $7,280 $317,030 $0 $0
2021 $7,185 $307,800 $0 $0
2020 $6,485 $298,840 $0 $0
2019 $6,155 $290,140 $0 $0
2018 $6,098 $281,690 $0 $0
2017 $5,715 $273,490 $0 $0
2016 $5,332 $265,530 $0 $0
2015 $4,708 $257,800 $0 $0
2014 $4,626 $250,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 12481170

Regional Multiple Listing Service (RMLS)

APN: R255942