NOT LISTED FOR SALE

3908 SE Franklin St Unit 3912 Portland, OR 97202

Richmond Neighborhood

Estimated Value: $850,000 - $1,028,000

5 Beds
3 Baths
4,879 Sq Ft
$194/Sq Ft Est. Value

Last Sold July 31, 2017

Last sale price $775,000 $159 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $6,111/month

50 Days on Market

Highlights

  • Territorial View
  • Corner Lot
  • Forced Air Heating System
  • Creston Elementary School Rated 9+
  • Property is near a bus stop
  • 3 Car Garage

About This Home

As of July 2017

Great triplex, easy walk to shopping / eating / entertainment / bus out front. Large rooms(see attached floorplan), hardwoods, updated windows w/lots of light, beautiful mid-century finishes. Brick exterior & easy care landscape. 2 bedroom units have full basement w/brick fireplaces. Possible convert to 2 additional units - buyer to confirm w/City. Private garage and patio for each unit. 1 bedroom has smaller basement for storage & w/d.

Last Agent to Sell the Property

Rick Christensen

Windermere Realty Trust License #201207197 Listed on: 05/02/2017

Windermere Realty Trust

Last Buyer's Agent

Ray Howard

Medak Realty License #901000058

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,087

Year Built

  • Built in 1961

Lot Details

  • 6,534

Parking

  • 3 Car Garage

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Cedar

Interior Spaces

  • 4,879 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Schools

  • Creston Elementary School
  • Franklin High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • Corner Lot
  • Property is near a bus stop

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R328057

Community Details

Overview

  • 3 Units
  • Richmond Subdivision

Building Details

  • Operating Expense $13,061
  • Gross Income $46,279
  • Net Operating Income $33,218

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,087

Year Built

Built in 1961

Lot Details

0

Parking

3

Listing Details

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

Interior Features

  • Basement: Finished, FullBasement
  • Storage: Basement
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Brick,Cedar
  • Lot Size: 5,000 to 6,999 SqFt
  • View: Yes
  • Lot Features: CornerLot, OnBusline
  • Disclosures: Disclosure
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: Garage
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Total Parking Spaces: 3.0

Utilities

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

Schools

  • Elementary School: Creston
  • High School: Franklin

Lot Info

  • Zoning: R5
  • Parcel #: R328057

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 17.26
  • Annual Gross Income: 46279.0
  • Property Net Operating Income: 33218.0
  • Annual Operating Expense: 13061.0

Tax Info

  • Tax Annual Amount: 9087.26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2017
Closed on
Jul 14, 2017
Sold by
Schumann Neil P
Bought by
Xu Hui
Seller's Agent
Rick Christensen
Windermere Realty Trust
Buyer's Agent
Ray Howard
Medak Realty
List Price
$799,000
Sold Price
$775,000
Premium/Discount to List
-$24,000
-3%
Current Estimated Value
$947,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,230
Avg. Annual Appreciation
2.48%

Purchase Details

Closed on
Mar 18, 2015
Sold by
Tiffany & O Shea Inc
Bought by
Schumann Niel P and Spelbring Teri L

Purchase Details

Closed on
Aug 20, 2014
Sold by
Tiffany & Oshea Inc
Bought by
Tiffany & Oshea Inc and Shirley A Schumann Revocable Living Trus

Purchase Details

Closed on
Aug 5, 2002
Sold by
Schumann Shirley A
Bought by
Schumann Shirley A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
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
Xu Hui $766,500 First American
Schumann Niel P $530,000 None Available
Tiffany & Oshea Inc -- None Available
Schumann Shirley A -- Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schumann Shirley A $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2017 07/31/17 Sold $775,000 -3.0% $159 / Sq Ft
06/20/2017 06/20/17 Pending -- -- --
05/01/2017 05/01/17 For Sale $799,000 -- $164 / 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 $13,062 $488,190 -- --
2023 $12,560 $473,980 $0 $0
2022 $12,288 $460,180 $0 $0
2021 $12,080 $446,780 $0 $0
2020 $11,082 $433,770 $0 $0
2019 $10,674 $421,140 $0 $0
2018 $10,360 $408,880 $0 $0
2017 $9,930 $396,980 $0 $0
2016 $9,087 $385,420 $0 $0
2015 $8,849 $374,200 $0 $0
2014 $8,715 $363,310 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rick Christensen

    Seller's Agent in 2017

    Rick Christensen

    Windermere Realty Trust

    (503) 680-1111

    62 Total Sales

    Rick Christensen
    Section Image

  • R

    Buyer's Agent in 2017

    Ray Howard

    Medak Realty

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 17504802

Regional Multiple Listing Service (RMLS)

APN: R328057

Oregon Multnomah County Portland 97202 Richmond

3908 SE Franklin St Unit 3912, Portland, OR

This home is located at 3908 SE Franklin St Unit 3912, Portland, OR 97202 since 02 May 2017 and is currently estimated at $947,230, approximately $194 per square foot. This property was built in 1961. 3908 SE Franklin St Unit 3912 is a home located in Multnomah County with nearby schools including Creston Elementary School, Hosford Middle School, and Franklin High School.

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