$565,000
SOLD MAR 18, 2019

375 NE Kane Dr Unit 395 Gresham, OR 97030

Powell Valley Neighborhood
9 Beds
3 Baths
3,000 Sq Ft
0.49 Acres

Recently Sold

$188 Per Sq Ft

1% Below List Price

4 Days on Market

Highlights

  • Fireplace
  • Level Lot
  • 5-minute walk to Kane Park
  • Storage
  • 1-Story Property

About This Home

As of March 2019

Single level Triplex with well established rental history. High quality updates throughout all three units. Please see attached amenities list for complete details. Both end units currently rented and middle unit will become vacant Feb. 1st. Ideal situation for non-owner occupant and owner occupant investor.

Last Agent to Sell the Property

Cody Ruegg

John L. Scott Sandy License #200505106 Listed on: 01/24/2019

John L. Scott Sandy

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,400

Year Built

  • Built in 1974

Home Design

  • Brick Exterior Construction
  • Plywood Siding Panel T1-11

Interior Spaces

  • 1-Story Property
  • Fireplace
  • Storage

Kitchen

  • Range
  • Dishwasher

Parking

  • Paved Parking
  • Open Parking

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,400

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3000
  • Stories: 1
  • Year Built: 1974
  • Property Condition: Approximately
  • Remarks Public: Single level Triplex with well established rental history. High quality updates throughout all three units. Please see attached amenities list for complete details. Both end units currently rented and middle unit will become vacant Feb. 1st. Ideal situation for non-owner occupant and owner occupant investor.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: SECTION 11 1S 3E, TL 400 0.49 ACRES
  • Basement: None
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Brick, T-111 Siding
  • Lot Size: 20,000 SqFt to .99 Acres
  • Roof Type: Composition

Garage/Parking

  • Parking Description: Open, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Zoned

Condo/Co-op/Association

  • Unit Features: Dishwasher, Fireplace, Range, Refrigerator, Storage

Lot Info

  • Lot Description: Level, Sloped
  • Zoning: LDR-5

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 5083.18
  • Assessor Parcel Number: R339514
  • Tax Year: 2017

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 11.80

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2019
Closed on
Mar 6, 2019
Sold by
University Development Llc
Bought by
Adler Washington Cokmmercial Prop Llc
Seller's Agent
Cody Ruegg
John L. Scott Sandy
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$569,900
Sold Price
$565,000
Premium/Discount to List
-$4,900
-0.86%
Current Estimated Value
$681,284

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,284
Avg. Annual Appreciation
2.98%

Purchase Details

Closed on
Jan 5, 2016
Sold by
University Development Llc
Bought by
Anderson Chris

Purchase Details

Listed on
Jul 29, 2015
Closed on
Aug 20, 2015
Sold by
U S Bank Trust Na
Bought by
University Development Llc
Seller's Agent
Scott Anthony
Windermere Northwest Living
Buyer's Agent
Cody Ruegg
John L. Scott Sandy
List Price
$259,900
Sold Price
$275,000
Premium/Discount to List
$15,100
5.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.60%

Purchase Details

Listed on
Jul 29, 2015
Closed on
Aug 7, 2015
Sold by
Hay William Edward
Bought by
Jpmc Specialty Mortgage Llc
Seller's Agent
Scott Anthony
Windermere Northwest Living
Buyer's Agent
Cody Ruegg
John L. Scott Sandy
List Price
$259,900
Sold Price
$275,000
Premium/Discount to List
$15,100
5.81%

Purchase Details

Closed on
Apr 7, 2015
Sold by
Jpmc Specialty Mortgage Llc
Bought by
Us Bank Trust Na and Lsf9 Master Participation Trust

Purchase Details

Closed on
Mar 12, 2004
Sold by
Hay William Edward
Bought by
Hay William Edward and Hay Lisa Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,029
Interest Rate
5.85%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 18, 2004
Sold by
Mahns Karl E
Bought by
Hay William Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,029
Interest Rate
5.85%
Mortgage Type
FHA
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 Type Sale Price Title Company
Warranty Deed $565,000 Chicago Title
Bargain Sale Deed $275,000 None Available
Bargain Sale Deed $275,000 Accommodation
Special Warranty Deed $275,000 First American
Sheriffs Deed $224,984 None Available
Special Warranty Deed -- None Available
Interfamily Deed Transfer -- Ticor Title Insurance Compan
Warranty Deed $257,000 Ticor Title Insurance Compan
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $331,100 New Conventional
Previous Owner $332,000 Fannie Mae Freddie Mac
Previous Owner $253,029 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2019 03/18/19 Sold $565,000 -0.9% $188 / Sq Ft
01/28/2019 01/28/19 Pending -- -- --
01/24/2019 01/24/19 For Sale $569,900 +107.2% $190 / Sq Ft
09/08/2015 09/08/15 Sold $275,000 +5.8% $92 / Sq Ft
08/10/2015 08/10/15 Pending -- -- --
07/29/2015 07/29/15 For Sale $259,900 -- $87 / 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 $6,400 $339,930 $0 $0
2022 $6,221 $330,030 $0 $0
2021 $6,064 $320,420 $0 $0
2020 $5,706 $311,090 $0 $0
2019 $5,557 $302,030 $0 $0
2018 $5,298 $293,240 $0 $0
2017 $5,083 $284,700 $0 $0
2016 $4,482 $276,410 $0 $0
2015 $4,385 $268,360 $0 $0
2014 $4,278 $260,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cody Ruegg

    Seller's Agent in 2019

    Cody Ruegg

    John L. Scott Sandy

    (503) 319-4948

    146 Total Sales

    Cody Ruegg
    Section Image
  • Scott Anthony

    Seller's Agent in 2015

    Scott Anthony

    Windermere Northwest Living

    (360) 907-8499

    1 in this area

    36 Total Sales

    Scott Anthony
    Section Image

  • K

    Seller Co-Listing Agent in 2015

    Kim Smith

    Windermere Northwest Living

    (503) 433-8888

    1 in this area

    36 Total Sales

    Kim Smith
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19238143

Regional Multiple Listing Service (RMLS)

APN: R339514

Oregon Multnomah County Gresham 97030 Powell Valley

375 NE Kane Dr Unit 395, Gresham, OR

This home is located at 375 NE Kane Dr Unit 395, Gresham, OR 97030 and is currently priced at $565,000, approximately $188 per square foot. This property was built in 1974. 375 NE Kane Dr Unit 395 is a home located in Multnomah County with nearby schools including Powell Valley Elementary School, Gordon Russell Middle School, and Sam Barlow High School.

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