NOT LISTED FOR SALE

380 E Gloucester St Gladstone, OR 97027

Estimated Value: $450,000 - $589,000

4 Beds
2 Baths
1,612 Sq Ft
$305/Sq Ft Est. Value

Last Sold August 21, 2020

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

Est. 33% increase in value since last sale

Current estimated payment $2,906/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
$491,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,889
Avg. Annual Appreciation
5.44%
Original Mortgage
$363,298
Outstanding Balance
$321,545
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$170,344

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
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
2015 $2,967 $149,141 $0 $0
2014 $2,887 $144,797 $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
    Section Image
See All Agents

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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Nearby Homes