NOT LISTED FOR SALE

3631 SE 165th Ave Unit 3649 Portland, OR 97236

Centennial Neighborhood

Estimated Value: $623,000 - $717,000

6 Beds
3 Baths
7,980 Sq Ft
$83/Sq Ft Est. Value

Last Sold April 21, 2023

Last sale price $1,480,000 $185 Per Sq Ft

Current estimated payment $4,192/month

83 Days on Market

About This Home

As of April 2023

Great opportunity to own 3 tri-plexes! This property sold in conjunction w/R279585, 3701-3705 SE 165th, & R279586, 3704-3708 SE 164th. Visual view of property upon accepted offer. 2bedroom/1 bath units are approximately 930SF per sketch. All units w/gas furnaces, washer & dryer hookup, refrigerators & storage units. 6 units come with a garage. Utilities included vary each unit. Some refreshed units, fully leased. Please don't disturb the tenants. Listing agent related to trustee [Home Energy Score = 5. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10206648]

Last Agent to Sell the Property

Robin Cook

RE/MAX Equity Group License #200006133 Listed on: 11/10/2022

RE/MAX Equity Group

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,997

Year Built

  • Built in 1971

Lot Details

  • 9,496

Home Design

  • 7,980 Sq Ft Home

Eco-Friendly Details

  • Green Certified Home

Schools

  • Powell Butte Elementary School
  • Centennial Middle School
  • Centennial High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Rent includes trashcollection
  • Assessor Parcel Number R279584

Community Details

Overview

  • 9 Units
  • Property managed by RPM PDX

Building Details

  • Operating Expense $71,266
  • Gross Income $121,536
  • Net Operating Income $44,193

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,997

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1971
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Lot Size: 20,000 SqFt to .99 Acres
  • View: No

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: RPM PDX
  • Management Phone: 503-245-4415

Schools

  • Elementary School: Powell Butte
  • High School: Centennial
  • Middle Or Junior School: Centennial

Lot Info

  • Zoning: R7
  • Parcel #: R279584
  • Assessor Parcel Number 2: R279585
  • Assessor Parcel Number 3: R279586

Green Features

  • Green Certification: Yes

Rental Info

  • Rent Includes: TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 18996.57

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8, UnitTypeType9
  • Number Of Units Total: 9
  • Gross Rent Multiplier: 13.16
  • Annual Gross Income: 121536.0
  • Property Net Operating Income: 44193.0
  • Annual Operating Expense: 71266.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2022
Closed on
Apr 19, 2023
Sold by
Thelma Johnson Warden Trust
Bought by
165 Powell Llc
Seller's Agent
Robin Cook
RE/MAX Equity Group
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$1,600,000
Sold Price
$1,480,000
Premium/Discount to List
-$120,000
-7.5%
Views
202
Current Estimated Value
$663,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$816,333
Avg. Annual Appreciation
-28.71%
Original Mortgage
$800,000
Outstanding Balance
$777,265
Interest Rate
6.27%
Estimated Equity
-$113,598

Purchase Details

Closed on
Apr 18, 2018
Sold by
Cook Steven J
Bought by
Worden Thelma J and Thelma Worden Trust

Purchase Details

Closed on
May 1, 2014
Sold by
Cook Steven J
Bought by
Cook Steven J and Bypass Trust

Purchase Details

Closed on
May 22, 1996
Sold by
Neff Paul E
Bought by
Cook Eugene and Cook Irene M
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 Buyer Sale Price Title Company
165 Powell Llc $1,480,000 Fidelity National Title Compan
Worden Thelma J $720,000 First American Title
Cook Steven J -- None Available
Cook Eugene $69,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 165 Powell Llc $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2023 04/21/23 Sold $1,480,000 -7.5% $185 / Sq Ft
02/02/2023 02/02/23 Pending -- -- --
11/10/2022 11/10/22 For Sale $1,600,000 -- $201 / 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 $6,990 $305,920 -- --
2023 $6,692 $297,010 $0 $0
2022 $6,528 $288,360 $0 $0
2021 $6,439 $279,970 $0 $0
2020 $5,843 $271,820 $0 $0
2019 $5,825 $263,910 $0 $0
2018 $5,358 $256,230 $0 $0
2017 $4,829 $248,770 $0 $0
2016 $4,550 $241,530 $0 $0
2015 $4,161 $234,500 $0 $0
2014 $4,000 $227,670 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Robin Cook

    Seller's Agent in 2023

    Robin Cook

    RE/MAX

    (503) 312-1006

    1 in this area

    68 Total Sales

    Robin Cook
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22423600

Regional Multiple Listing Service (RMLS)

APN: R279584

Oregon Multnomah County Portland 97236 Centennial

3631 SE 165th Ave Unit 3649, Portland, OR

This home is located at 3631 SE 165th Ave Unit 3649, Portland, OR 97236 since 10 November 2022 and is currently estimated at $663,667, approximately $83 per square foot. This property was built in 1971. 3631 SE 165th Ave Unit 3649 is a home located in Multnomah County with nearby schools including Powell Butte Elementary School, Centennial Middle School, and Centennial High School.

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