NOT LISTED FOR SALE

380 E Gloucester St Gladstone, OR 97027

Estimated Value: $444,004 - $623,000

4 Beds
2 Baths
1,612 Sq Ft
$307/Sq Ft Est. Value

Last Sold August 21, 2020

Last sale price $370,000 $230 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,923/month

1 Day on Market

Highlights

  • Level Lot
  • Radiant Heating System
  • 5-minute walk to Max Patterson Park
  • Wood Siding
  • 1-Story Property

About This Home

As of August 2020

Excellent rental history for this single level duplex. Photos from 2017 updates include flooring, carpet and paint. Quiet neighborhood,just a block to park and Elementary school. Both units have existing month-to-month tenants (3 yrs) who would like to stay. No pre-offer showings - DO NOT DISTURB tenants - write offers subject to interior inspection.

Last Agent to Sell the Property

Linda Petrucci

Bridgetown Equity Prop LLC License #201210859 Listed on: 07/20/2020

Last Buyer's Agent

Bill Horton

eXp Realty, LLC License #201225605

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,394

Year Built

  • Built in 1961 | Remodeled

Lot Details

  • Level Lot

Parking

  • Paved Parking

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,612 Sq Ft Home
  • 1-Story Property

Schools

  • John Wetten Elementary School
  • Kraxberger Middle School
  • Gladstone High School

Utilities

  • No Cooling
  • Radiant Heating System
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 00536995

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $5,700
  • Gross Income $22,800
  • Net Operating Income $17,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,394

Year Built

Built in 1961 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1961
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Current Price For Status: 370000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Paved
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Radiant
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: John Wetten
  • High School: Gladstone
  • Middle Or Junior School: Kraxberger

Lot Info

  • Zoning: Multi
  • Parcel #: 00536995

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2019
  • Tax Annual Amount: 3393.62

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.35
  • Annual Gross Income: 22800.0
  • Property Net Operating Income: 17100.0
  • Annual Operating Expense: 5700.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2020
Closed on
Aug 20, 2020
Sold by
Shore Matthew J
Bought by
Fryett Kelsey
Seller's Agent
Linda Petrucci
Bridgetown Equity Prop LLC
Buyer's Agent
Bill Horton
eXp Realty, LLC
List Price
$350,000
Sold Price
$370,000
Premium/Discount to List
$20,000
5.71%
Current Estimated Value
$494,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,501
Avg. Annual Appreciation
5.53%
Original Mortgage
$363,298
Outstanding Balance
$321,545
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$172,956

Purchase Details

Closed on
Apr 5, 2006
Sold by
Meltebeke Greg and Frohnert Peter
Bought by
Shore Matthew J and Shore Sheila M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,600
Interest Rate
6.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 21, 2006
Sold by
Burkey Charles S and Burkey Jimmie D
Bought by
Frohnert Peter and Meltebeke Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,600
Interest Rate
6.2%
Mortgage Type
Commercial
Source: Public Records
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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
Fryett Kelsey $370,000 Wfg Title
Shore Matthew J $230,000 Lawyers Title Ins
Frohnert Peter $145,000 Lawyers Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fryett Kelsey $363,298
Previous Owner Shore Matthew J $146,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2020 08/21/20 Sold $370,000 +5.7% $230 / Sq Ft
07/21/2020 07/21/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $350,000 -- $217 / 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 $4,038 $200,428 -- --
2024 $3,926 $194,591 -- --
2023 $3,926 $188,924 $0 $0
2022 $3,652 $183,422 $0 $0
2021 $3,517 $178,080 $0 $0
2020 $3,433 $172,894 $0 $0
2019 $3,394 $167,859 $0 $0
2018 $3,270 $162,970 $0 $0
2017 $3,172 $158,223 $0 $0
2016 $3,068 $153,615 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Linda Petrucci

    Bridgetown Equity Prop LLC

  • Bill Horton

    Buyer's Agent in 2020

    Bill Horton

    eXp Realty, LLC

    (503) 998-0539

    46 Total Sales

    Bill Horton
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20255574

Regional Multiple Listing Service (RMLS)

APN: 00536995

Oregon Clackamas County Gladstone 97027

380 E Gloucester St, Gladstone, OR

Not Listed for Sale

MultiFamily

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