$485,000
SOLD SEP 18, 2024
-- Bed
-- Bath
3,764 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$129 Per Sq Ft

14% Below List Price

104 Days on Market

Highlights

  • Gentle Sloping Lot
  • Cleveland High School Rated A-
  • Heating System Uses Gas

About This Home

As of September 2024

Opportunity knocks! Cash cow triplex in SE with solid bones and great curb appeal, ready for a makeover. Main unit features huge spaces and generously-sized bedrooms, big backyard, covered front porch area and a quiet street. Triplex is non-conforming, units must be legalized. Confirm details with city of Portland.

Last Agent to Sell the Property

George McCleary

McCleary Realty License #200409141 Listed on: 04/08/2024

Last Buyer's Agent

Cory C

Constant Commercial Real Estate Inc License #201226331

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,298

Year Built

  • Built in 1954

Lot Details

  • Gentle Sloping Lot

Home Design

  • Fixer Upper
  • Slab Foundation
  • Composition Roof
  • Cement Siding

Interior Spaces

  • 3,764 Sq Ft Home
  • 3-Story Property
  • Crawl Space
  • Security Lights

Schools

  • Grout Elementary School
  • Hosford Middle School
  • Cleveland High School

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heat Pump System

Listing and Financial Details

  • Rent includes electricity, gas, heat, sewer, trashcollection, water
  • Assessor Parcel Number R328115

Community Details

Overview

  • 3 Units
  • Sec 12 01S 01E Subdivision

Building Details

  • Gross Income $30,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,298

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1954
  • Property Condition: Fixer
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Lot Features: GentleSloping
  • Roof: Composition

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas,Other
  • Security: SecurityLights
  • Cooling Y N: No
  • Heating: HeatPump, Other
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Grout
  • High School: Cleveland
  • Middle Or Junior School: Hosford

Lot Info

  • Zoning: R2.5
  • Parcel #: R328115

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, Gas, Heat, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 9298.02

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 17.29
  • Annual Gross Income: 30600.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2024
Closed on
Sep 12, 2024
Sold by
Mccleary Tiffany
Bought by
Preciado Julie
Seller's Agent
George McCleary
McCleary Realty
Buyer's Agent
Cory C
Constant Commercial Real Estate Inc
List Price
$565,000
Sold Price
$485,000
Premium/Discount to List
-$80,000
-14.16%
Views
56
Current Estimated Value
$599,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,823
Avg. Annual Appreciation
29.62%
Original Mortgage
$460,750
Outstanding Balance
$457,769
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$146,875

Purchase Details

Closed on
Sep 21, 2017
Sold by
Mccleary George Standish
Bought by
Mccleary Tiffany

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2013
Sold by
Mre Se 32Nd Llc
Bought by
Standish Mccleary George

Purchase Details

Closed on
Aug 27, 2008
Sold by
Advantage Equities Llc 6703
Bought by
Mre Se 32Nd Llc

Purchase Details

Closed on
Jun 14, 2007
Sold by
Mccleary Standish
Bought by
Mre Se 32Nd Llc

Purchase Details

Closed on
Jun 14, 2005
Sold by
Caldwell Cassie L
Bought by
Mccleary Standish

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 23, 1999
Sold by
Snaith Gabrielle S
Bought by
Caldwell Cassie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,250
Interest Rate
7.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 1998
Sold by
Sunflower Robyn
Bought by
Snaith Gabrielle S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
10.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 2, 1994
Sold by
Clark Shirley Abbott
Bought by
Sunflower Robyn
Source: Public Records

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Range of Values:

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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 $485,000 Chicago Title
Warranty Deed $625,000 Lawyers Title
Bargain Sale Deed -- Ticor Title
Warranty Deed -- None Available
Bargain Sale Deed $375,000 None Available
Warranty Deed $375,000 Lawyers Title Ins
Warranty Deed $315,000 Fidelity National Title Co
Warranty Deed $320,000 Fidelity National Title Co
Individual Deed $45,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $460,750 New Conventional
Previous Owner $460,000 New Conventional
Previous Owner $300,000 Fannie Mae Freddie Mac
Previous Owner $299,250 Purchase Money Mortgage
Previous Owner $272,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2024 09/18/24 Sold $485,000 -8.3% $129 / Sq Ft
07/31/2024 07/31/24 Pending -- -- --
07/11/2024 07/11/24 Price Changed $529,000 -6.4% $141 / Sq Ft
06/06/2024 06/06/24 For Sale $565,000 0.0% $150 / Sq Ft
05/15/2024 05/15/24 Pending -- -- --
04/29/2024 04/29/24 Price Changed $565,000 0.0% $150 / Sq Ft
04/29/2024 04/29/24 For Sale $565,000 -3.4% $150 / Sq Ft
04/19/2024 04/19/24 Pending -- -- --
04/17/2024 04/17/24 For Sale $584,900 -- $155 / 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 $9,504 $358,650 $0 $0
2022 $9,298 $348,210 $0 $0
2021 $9,141 $338,070 $0 $0
2020 $8,385 $328,230 $0 $0
2019 $8,077 $318,670 $0 $0
2018 $7,839 $309,390 $0 $0
2017 $7,513 $300,380 $0 $0
2016 $6,876 $291,640 $0 $0
2015 $6,696 $283,150 $0 $0
2014 $6,595 $274,910 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23655547

Regional Multiple Listing Service (RMLS)

APN: R328115