NOT LISTED FOR SALE

3614 N Missouri Ave Portland, OR 97227

Boise Neighborhood

Estimated Value: $572,000 - $640,000

3 Beds
2 Baths
1,440 Sq Ft
$419/Sq Ft Est. Value

Last Sold June 18, 2024

Last sale price $590,000 $410 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,521/month

24 Days on Market

Highlights

  • City View
  • Ductless Heating Or Cooling System
  • Heating System Uses Gas
  • No HOA
  • Level Lot

About This Home

As of June 2024

Top notch location in Mississippi Arts District, one of the most walkable areas in all of Portland. RM1 zoned duplex, with stunning grounds, and highly remodeled upper unit too. Alley access from the back, makes for multiple options to add units if desired. The units are spacious, and share the back yard. Common area basement, accessed from the rear of the duplex, includes laundry and separate storage for both units, and workshop space as well. Please do not disturb the tenants.

Last Agent to Sell the Property

Conor Finlay

CORE, Realtors License #201217057 Listed on: 04/12/2024

Co-Listed By

Chris Johnson

CORE, Realtors License #930700182

Last Buyer's Agent

Hos Amir

A2K Realty Inc License #930300170

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,496

Year Built

  • Built in 1906

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • City Views

Schools

  • Boise-Eliot Elementary School
  • Harriet Tubman Middle School
  • Grant High School

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Uses Gas
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R223793

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Mississippi Subdivision

Building Details

  • Operating Expense $4,700
  • Gross Income $40,680
  • Net Operating Income $35,980

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,496

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1906
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Roof: Composition
  • View: City

Garage/Parking

  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Boise-Eliot
  • High School: Grant
  • Middle Or Junior School: Harriet Tubman

Lot Info

  • Zoning: RM1
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R223793

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 2495.66
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.63
  • Annual Gross Income: 40680.0
  • Property Net Operating Income: 35980.0
  • Annual Operating Expense: 4700.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2024
Closed on
Jun 17, 2024
Sold by
Potter Family Trust and Potter Rana
Bought by
Mouhamadine Ibrahim A
Seller's Agent
Conor Finlay
CORE, Realtors
Buyer's Agent
Hos Amir
A2K Realty Inc
List Price
$595,000
Sold Price
$590,000
Premium/Discount to List
-$5,000
-0.84%
Views
36
Current Estimated Value
$604,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,968
Avg. Annual Appreciation
2.20%
Original Mortgage
$554,537
Outstanding Balance
$549,581
Interest Rate
6.12%
Mortgage Type
FHA
Estimated Equity
$55,387

Purchase Details

Closed on
Feb 23, 2015
Sold by
Potter Robert K
Bought by
Potter Family Trust

Purchase Details

Listed on
Jul 3, 2012
Closed on
Sep 26, 2012
Sold by
Appleton Reynold G
Bought by
Potter Robert K and Potter Rana
Seller's Agent
Patty Black
Windermere Realty Trust
Buyer's Agent
Chris Johnson
CORE, Realtors
List Price
$289,000
Sold Price
$278,000
Premium/Discount to List
-$11,000
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.23%
Original Mortgage
$208,500
Interest Rate
3.59%
Mortgage Type
New Conventional
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
Mouhamadine Ibrahim A $590,000 Wfg Title
Potter Family Trust -- None Available
Potter Robert K $278,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mouhamadine Ibrahim A $554,537
Previous Owner Potter Robert K $208,500
Previous Owner Appleton Reynold G $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2024 06/18/24 Sold $590,000 -0.8% $410 / Sq Ft
05/07/2024 05/07/24 Pending -- -- --
05/07/2024 05/07/24 For Sale $595,000 0.0% $413 / Sq Ft
05/01/2024 05/01/24 Pending -- -- --
04/27/2024 04/27/24 Price Changed $595,000 -14.4% $413 / Sq Ft
04/12/2024 04/12/24 For Sale $695,000 +150.0% $483 / Sq Ft
10/05/2012 10/05/12 Sold $278,000 -3.8% $129 / Sq Ft
08/14/2012 08/14/12 Pending -- -- --
07/03/2012 07/03/12 For Sale $289,000 -- $134 / 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 $2,496 $94,180 $0 $0
2022 $2,442 $91,440 $0 $0
2021 $2,400 $88,780 $0 $0
2020 $2,202 $86,200 $0 $0
2019 $2,121 $83,690 $0 $0
2018 $2,059 $81,260 $0 $0
2017 $1,974 $78,900 $0 $0
2016 $1,806 $76,610 $0 $0
2015 $1,759 $74,380 $0 $0
2014 $1,733 $72,220 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24299123

Regional Multiple Listing Service (RMLS)

APN: R223793