NOT LISTED FOR SALE

Estimated Value: $590,719 - $678,000

5 Beds
2 Baths
1,630 Sq Ft
$396/Sq Ft Est. Value

Last Sold August 01, 2022

Last sale price $677,500 $416 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,022/month

1 Day on Market

Highlights

  • Deck
  • Washer and Dryer
  • Wood Siding
  • Storage
  • Level Lot
  • 1-Story Property

About This Home

As of August 2022

Updated inner SE Portland duplex with great rental history. One side is vacant to allow the possibility of an immediate owner's occupancy. Recent updates include roof, paint, cabinets, counters, flooring, lighting, and stainless appliances. Includes all Washers/ Dryers and Refrigerators. In the heart of the Richmond neighborhood with easy access to restaurants and shopping.

Last Agent to Sell the Property

Troy Doty

Northwest Realty Source License #200104205 Listed on: 06/30/2022

Last Buyer's Agent

Darcie Alexander

Think Real Estate License #200508046

Think Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,504

Year Built

  • Built in 1968 | Remodeled

Lot Details

  • 5,009

Parking

  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Storage
  • Washer and Dryer
  • Crawl Space
  • Dishwasher

Additional Features

  • Deck
  • Level Lot
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,504

Year Built

Built in 1968 | Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1630
  • Stories: 1
  • Year Built: 1968
  • Property Condition: Updated/Remodeled
  • Remarks Public: Updated inner SE Portland duplex with great rental history. One side is vacant to allow the possibility of an immediate owner's occupancy. Recent updates include roof, paint, cabinets, counters, flooring, lighting, and stainless appliances. Includes all Washers/ Dryers and Refrigerators. In the heart of the Richmond neighborhood with easy access to restaurants and shopping.
  • Unreinforced Masonry Building: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: RICHMOND ADD, BLOCK 5, LOT 4
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Brick, Wood Siding
  • Lot Size: 5K-6,999SF
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Assigned

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public Water
  • Cooling Description: Window Unit(s)
  • Heating Description: Wall Furnace

Condo/Co-op/Association

  • Unit Features: Deck, Dishwasher, Refrigerator, Storage, Washer/Dryer

Schools

  • Elementary School: Creston
  • Middle School: Kellogg
  • High School: Franklin

Lot Info

  • Lot Description: Level
  • Zoning: R2.5

Rental Info

  • Rent Includes: Trash Collection

Tax Info

  • Tax Amount: 5293.66
  • Assessor Parcel Number: R254946
  • Tax Year: 2021

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 16.86

MLS Schools

  • Elementary School: Creston
  • High School: Franklin
  • Middle School: Kellogg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2022
Closed on
Aug 1, 2022
Sold by
Cavanagh Timothy P
Bought by
Butrus G Basmaji Family Trust
Seller's Agent
Troy Doty
Northwest Realty Source
Buyer's Agent
Darcie Alexander
Think Real Estate
List Price
$625,000
Sold Price
$677,500
Premium/Discount to List
$52,500
8.4%
Current Estimated Value
$650,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,828
Avg. Annual Appreciation
-0.70%

Purchase Details

Listed on
Jun 30, 2022
Closed on
Jun 23, 2022
Sold by
Fitts Charles A
Bought by
Cavanagh Timothy P
Seller's Agent
Troy Doty
Northwest Realty Source
Buyer's Agent
Darcie Alexander
Think Real Estate
List Price
$625,000
Sold Price
$677,500
Premium/Discount to List
$52,500
8.4%

Purchase Details

Closed on
May 28, 2002
Sold by
Stevens Joanna W
Bought by
Fitts Charles A and Cavanagh Timothy P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Interest Rate
6.89%
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
Butrus G Basmaji Family Trust $677,500 Fidelity National Title
Cavanagh Timothy P -- Fidelity National Title
Fitts Charles A $162,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cavanaugh Timothy P $208,000
Previous Owner Cavanagh Timothy P $182,400
Previous Owner Fitts Charles A $129,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2022 08/01/22 Sold $677,500 +8.4% $416 / Sq Ft
07/01/2022 07/01/22 Pending -- -- --
06/30/2022 06/30/22 For Sale $625,000 -- $383 / 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 $5,504 $207,700 $0 $0
2022 $5,385 $201,660 $0 $0
2021 $5,294 $195,790 $0 $0
2020 $4,856 $190,090 $0 $0
2019 $4,678 $184,560 $0 $0
2018 $4,540 $179,190 $0 $0
2017 $4,352 $173,980 $0 $0
2016 $3,983 $168,920 $0 $0
2015 $3,878 $164,000 $0 $0
2014 $3,820 $159,230 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22468115

Regional Multiple Listing Service (RMLS)

APN: R254946