NOT LISTED FOR SALE

3726 22nd Ave Forest Grove, OR 97116

Estimated Value: $515,000 - $557,000

4 Beds
2 Baths
1,632 Sq Ft
$329/Sq Ft Est. Value

Last Sold April 10, 2024

Last sale price $535,000 $328 Per Sq Ft

Current estimated payment $3,313/month

16 Days on Market

Highlights

  • No HOA
  • 2 Car Garage
  • Level Lot
  • Baseboard Heating
  • High Speed Internet
  • Lap Siding

About This Home

As of April 2024

Excellent Investment Opportunity! Well Maintained Single Level 2bd/1bth DUPLEX w/Attached 1 Car Garages. Projected Cap at 5.4 just if both sides were at same rent and self-managed. Large yards with covered patios, Quiet street, close to Pacific University and Downtown Forest Grove with easy access to hwy 47. All vinyl windows, new roof in 2019, exterior paint in 2021. 3726 unit: new cabs & counter tops, tub/shower, lvp floors in 2019, new water heater 2017. 3724 unit: new laminate floors, kitchen tile floor in 2012, new water heater 2021. Rents are under market. No sign on property. Please do not go onto property without permission or disturb the tenants. THX!

Last Agent to Sell the Property

Tim Hardy

Keller Williams Realty Professionals License #980800192 Listed on: 02/09/2024

Keller Williams Realty Professionals

Last Buyer's Agent

Eleuterio Acosta

Rose City Realty License #200212094

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,663

Year Built

  • Built in 1970

Lot Details

  • 8,712 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Composition Roof
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,632 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

  • Joseph Gale Elementary School
  • Neil Armstrong Middle School
  • Forest Grove High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number R750896

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $9,000
  • Gross Income $31,456
  • Net Operating Income $22,425

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,663

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1970
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Joseph Gale
  • High School: Forest Grove
  • Middle Or Junior School: Neil Armstrong

Lot Info

  • Zoning: FG R5
  • Lot Size Acres: 0.2
  • Lot Size: 8,821 SqFt
  • Lot Size Sq Ft: 8712.0
  • Parcel #: R750896

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 3662.55

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 17.01
  • Annual Gross Income: 31456.0
  • Property Net Operating Income: 22425.0
  • Annual Operating Expense: 9000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2024
Closed on
Apr 8, 2024
Sold by
Rhodora Properties Llc
Bought by
Jimenez Alba Alexa Avila and Avila Cortez Favian
Seller's Agent
Tim Hardy
Keller Williams Realty Professionals
Buyer's Agent
Eleuterio Acosta
Rose City Realty
List Price
$535,000
Sold Price
$535,000
Total Days on Market
16
Views
43
Current Estimated Value
$536,389

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,389
Avg. Annual Appreciation
0.22%
Original Mortgage
$481,500
Outstanding Balance
$476,552
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$59,837

Purchase Details

Closed on
Sep 27, 2022
Sold by
Joseph Tanner
Bought by
Rhodora Properties Llc

Purchase Details

Closed on
May 5, 2022
Sold by
Rhodora Properties Llc
Bought by
Tanner Joseph and Tanner Judy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,000
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2020
Sold by
Tanner Joe E and Tanner Judy M
Bought by
Rhodora Properties Llc

Purchase Details

Closed on
Sep 28, 2020
Sold by
Tanner Joseph E and Rhodora Properties Llc
Bought by
Tanner Joe E and Tanner Judy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,300
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2018
Sold by
Tanner Joseph and Tanner Judy M
Bought by
Rhonda Properties Llc

Purchase Details

Closed on
Aug 24, 2017
Sold by
Tanner Joseph
Bought by
Tanner Joseph and Tanner Judy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,500
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2015
Sold by
Rhodora Properties Llc
Bought by
Tanner Joseph

Purchase Details

Closed on
Dec 18, 2006
Sold by
Tanner Joseph E
Bought by
Rhodora Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,400
Interest Rate
6.39%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 24, 2006
Sold by
Tanner Joseph E
Bought by
Tanner Joe E and Tanner Judy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,400
Interest Rate
6.39%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Jimenez Alba Alexa Avila $535,000 Wfg Title
Rhodora Properties Llc -- --
Tanner Joseph -- Lawyers Title
Rhodora Properties Llc -- None Available
Tanner Joe E -- First American
Rhonda Properties Llc -- None Available
Tanner Joseph -- Lawyers Title
Tanner Joseph -- None Available
Rhodora Properties Llc -- None Available
Tanner Joe E -- Ticor Title Insurance Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jimenez Alba Alexa Avila $481,500
Previous Owner Tanner Joseph $343,000
Previous Owner Tanner Joe E $265,300
Previous Owner Tanner Joseph $170,500
Previous Owner Tanner Joe E $76,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2024 04/10/24 Sold $535,000 0.0% $328 / Sq Ft
02/26/2024 02/26/24 Pending -- -- --
02/09/2024 02/09/24 For Sale $535,000 -- $328 / 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
2025 $3,796 $206,980 -- --
2024 $3,663 $200,960 -- --
2023 $3,663 $195,110 $0 $0
2022 $3,203 $195,110 $0 $0
2021 $3,161 $183,920 $0 $0
2020 $3,144 $178,570 $0 $0
2019 $2,888 $162,870 $0 $0
2018 $2,799 $158,130 $0 $0
2017 $2,713 $153,530 $0 $0
2016 $2,636 $149,060 $0 $0
2015 $2,535 $144,720 $0 $0
2014 -- $140,510 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24594163

Regional Multiple Listing Service (RMLS)

APN: R0750896