NOT LISTED FOR SALE

Estimated Value: $549,976 - $566,000

2 Beds
1 Bath
1,632 Sq Ft
$343/Sq Ft Est. Value

Last Sold February 06, 2018

Last sale price $355,000 $218 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $3,458/month

243 Days on Market

Highlights

  • Air Conditioning
  • Level Lot
  • 1-Story Property
  • Parking Storage or Cabinetry
  • Wood Siding

About This Home

As of February 2018

PRICE CUT! Sold AS IS. Seller to do no more repairs: minor fixer. Major repairs and maintenance just finished, stable, long term tenants, two bedrooms, one bath apartments, rents are very low. When a vacancy occurs, buyer may improve and upgrade more if desired. This is a solid property with excellent potential. Inspection after accepted offer. Investor Package available.

Last Agent to Sell the Property

Tom Abalan

Kelly Right Real Estate of Portland, LLC License #200606374 Listed on: 04/01/2017

Kelly Right Real Estate of Portland, LLC

Last Buyer's Agent

Tom Abalan

Kelly Right Real Estate of Portland, LLC License #200606374 Listed on: 04/01/2017

Kelly Right Real Estate of Portland, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,742

Year Built

  • Built in 1973

Lot Details

  • Level Lot

Parking

  • Garage
  • Parking Storage or Cabinetry
  • Assigned Parking

Home Design

  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Crawl Space

Kitchen

  • Range
  • Disposal

Utilities

  • Air Conditioning
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,742

Year Built

Built in 1973

Lot Details

0

Parking

4

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1632
  • Stories: 1
  • Year Built: 1973
  • Remarks Public: PRICE CUT! Sold AS IS. Seller to do no more repairs: minor fixer. Major repairs and maintenance just finished, stable, long term tenants, two bedrooms, one bath apartments, rents are very low. When a vacancy occurs, buyer may improve and upgrade more if desired. This is a solid property with excellent potential. Inspection after accepted offer. Investor Package available.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: 59 MINTHORN ADD LTS 32&33 PT LT 34 BLK 70
  • Basement: Crawl Space
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 4
  • Parking Description: Assigned

Utilities

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

Condo/Co-op/Association

  • Unit Features: Disposal, Range, Refrigerator, Air Conditioning

Schools

  • Elementary School: Ardenwald
  • Middle School: Rowe
  • High School: Milwaukie

Lot Info

  • Lot Description: Level
  • Zoning: R5

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 3244.76
  • Assessor Parcel Number: 00021862

Multi Family

  • Unit Type: 1
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.79

MLS Schools

  • Elementary School: Ardenwald
  • High School: Milwaukie
  • Middle School: Rowe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2017
Closed on
Feb 5, 2018
Sold by
Leeming Barbara Lea
Bought by
Passemard Oliver and Passemard Lisa
Seller's Agent
Tom Abalan
Kelly Right Real Estate of Portland, LLC
Buyer's Agent
Tom Abalan
Kelly Right Real Estate of Portland, LLC
List Price
$359,500
Sold Price
$355,000
Premium/Discount to List
-$4,500
-1.25%
Current Estimated Value
$558,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,994
Avg. Annual Appreciation
6.45%
Original Mortgage
$266,250
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2013
Sold by
Leeming Barbara Lee
Bought by
Leeming Barbara Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 3, 2010
Sold by
Leeming Barbara Lea
Bought by
Leeming Barbara Lea and Barbara Lea Leeming Revocable Living Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 2010
Sold by
Leeming Barbara Lea
Bought by
Leeming Barbara Lea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 25, 2008
Sold by
Meek Mark W and Meek Cynthia L
Bought by
Leeming Barbara Lea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 12, 2001
Sold by
Reed Roland Henry and Reed Roland H
Bought by
Meek Mark W and Meek Cynthia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,900
Interest Rate
6.88%
Mortgage Type
Commercial
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
Passemard Oliver $355,000 Ticor Title Co
Leeming Barbara Lee -- Wfg Title
Leeming Barbara Lea -- Accommodation
Leeming Barbara Lea -- Lawyers Title Insurance Corp
Leeming Barbara Lea $250,000 First American Title Insuran
Meek Mark W $131,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Passemard Oliver $177,748
Closed Passemard Oliver $62,000
Closed Passemard Oliver $266,250
Previous Owner Leeming Barbara Lea $185,500
Previous Owner Leeming Barbara Lea $14,000
Previous Owner Leeming Barbara Lee $150,000
Previous Owner Leeming Barbara Lea $128,000
Previous Owner Leeming Barbara Lea $80,000
Previous Owner Meek Mark W $50,000
Previous Owner Meek Mark W $117,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2018 02/06/18 Sold $355,000 -1.3% $218 / Sq Ft
11/30/2017 11/30/17 Pending -- -- --
04/01/2017 04/01/17 For Sale $359,500 -- $220 / 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 $5,742 $262,323 -- --
2023 $5,742 $254,683 $0 $0
2022 $5,302 $247,266 $0 $0
2021 $4,664 $218,828 $0 $0
2020 $3,946 $185,490 $0 $0
2019 $3,887 $180,088 $0 $0
2018 $3,456 $174,843 $0 $0
2017 $3,357 $169,750 $0 $0
2016 $3,245 $164,806 $0 $0
2015 $3,090 $160,006 $0 $0
2014 $2,930 $155,346 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 17239188

Regional Multiple Listing Service (RMLS)

APN: 00021862