NOT LISTED FOR SALE

Estimated Value: $285,000 - $443,000

3 Beds
2 Baths
1,441 Sq Ft
$269/Sq Ft Est. Value

Last Sold November 09, 2023

Last sale price $430,000 $298 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $2,534/month

23 Days on Market

Highlights

  • Corner Lot
  • 5-minute walk to Gresham Central Transit Center
  • 1 Car Garage
  • Property is near a bus stop
  • Forced Air Heating and Cooling System
  • 2-minute walk to Gresham Splash Pad Park

About This Home

As of November 2023

This mixed-use Duplex condo unit at 393 NE Kelly Ave in Gresham, OR, presents a versatile opportunity for savvy investors or those seeking a live/work arrangement. With commercial space on the lower level and residential space above, this property offers flexibility and potential. Upstairs, you'll find a well-maintained and inviting living space. It boasts updated flooring and fresh paint, creating a light and bright ambiance. The living area includes a kitchen with an eating bar, a spacious living room with a cozy gas fireplace, and bay windows that offer picturesque views of the surrounding trees. The bedroom features a balcony, providing a serene outdoor escape. A bathroom completes the upper-level living quarters, making it a comfortable and functional space. What sets this property apart is the separate entrance for the residential space, ensuring privacy and convenience. On the lower level, you'll discover two roomy office spaces, each with its own entrance. These versatile rooms could serve various purposes, such as a hair salon, nail studio, or a small exercise studio. The HOA takes care of exterior maintenance and landscaping, reducing your responsibilities as an owner. Ample street parking is available, and the property's proximity to the bus line and just blocks from the Max line make transportation a breeze. Walking distance to downtown Gresham core with restaurants, coffee shops, and local shops. Additionally, the seller is willing to offer terms for a seller carry contract, providing a unique financing option for potential buyers. Whether you're looking to invest in a property with dual income potential or create a live/work environment that suits your needs, this condo unit offers an exceptional opportunity. Don't miss out on this chance to own a versatile piece of real estate in Gresham, Oregon.

Last Listed By

Nicole Richards

eXp Realty, LLC Brokerage Email: or.broker@exprealty.net License #930200328 Listed on: 10/09/2023

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,466

Year Built

  • Built in 1998 | Remodeled

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • 1 Car Garage

Home Design

  • Composition Roof
  • Lap Siding

Schools

  • East Gresham Elementary School
  • Dexter Mccarty Middle School
  • Gresham High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • 2-Story Property
  • Property is near a bus stop

Community Details

  • Operating Expense $11,610
  • Gross Income $43,800
  • Net Operating Income $32,190

Listing and Financial Details

  • Rent includes electricity, gas, sewer, trashcollection, water
  • Assessor Parcel Number R195436

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,466

Year Built

Built in 1998 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1998
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: Garage
  • Lot Size Range: SqFt0Kto2999

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 0K to 2,999 SqFt
  • View: No
  • Lot Features: CornerLot, Level, OnBusline
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Internet Service Type: DSL
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: East Gresham
  • High School: Gresham
  • Middle Or Junior School: Dexter McCarty

Lot Info

  • Zoning: MU
  • Parcel #: R195436

Green Features

  • Green Certification: No

Rental Info

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

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 4465.6

Multi Family

  • Gross Rent Multiplier: 10.05
  • Annual Gross Income: 43800.0
  • Property Net Operating Income: 32190.0
  • Annual Operating Expense: 11610.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2023
Closed on
Nov 2, 2023
Sold by
Sunseri Ron and Sunseri Toni
Bought by
Purfeerst Brad
Seller's Agent
Nicole Richards
eXp Realty, LLC
Buyer's Agent
John McPherson
Premiere Property Group, LLC
List Price
$440,000
Sold Price
$430,000
Premium/Discount to List
-$10,000
-2.27%
Total Days on Market
23
Views
365
Current Estimated Value
$387,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$42,019
Avg. Annual Appreciation
-6.71%
Original Mortgage
$365,500
Outstanding Balance
$360,470
Interest Rate
7.31%
Mortgage Type
Seller Take Back
Estimated Equity
$27,511

Purchase Details

Closed on
Aug 23, 2023
Sold by
Csaszar Stephanie and Chappell Kenneth
Bought by
Sunseri Ron and Sunseri Toni

Purchase Details

Listed on
Feb 19, 2022
Closed on
Mar 29, 2022
Sold by
Sunseri Living Trust
Bought by
Csaszar Stephanie and Chappell Kenneth
Seller's Agent
Nicole Richards
eXp Realty, LLC
Buyer's Agent
Nicole Richards
eXp Realty, LLC
List Price
$449,000
Sold Price
$449,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.60%
Original Mortgage
$389,000
Interest Rate
4.42%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 26, 2002
Sold by
Cahill Kenneth D
Bought by
Sunseri Ron and Sunseri Toni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
5.75%

Purchase Details

Closed on
May 8, 2001
Sold by
Cruser Robert K
Bought by
Cahill Kenneth D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,250
Interest Rate
8.46%

Purchase Details

Closed on
Dec 22, 1999
Sold by
Fourth Street Llc
Bought by
Cruser Robert K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,500
Interest Rate
7.68%

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
Purfeerst Brad $430,000 First American Title
Sunseri Ron -- Accommodation/Courtesy Recordi
Csaszar Stephanie $449,000 First American Title
Sunseri Ron $175,000 Chicago Title Insurance Co
Cahill Kenneth D $20,000 Chicago Title Insurance Co
Cruser Robert K $142,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Purfeerst Brad $365,500
Previous Owner Csaszar Stephanie $389,000
Previous Owner Sunseri Ron $230,000
Previous Owner Sunseri Ron $100,000
Previous Owner Sunseri Ron $105,000
Previous Owner Cahill Kenneth D $123,250
Previous Owner Cruser Robert K $117,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2023 11/09/23 Sold $430,000 -2.3% $298 / Sq Ft
11/02/2023 11/02/23 Pending -- -- --
10/09/2023 10/09/23 For Sale $440,000 -2.0% $305 / Sq Ft
03/30/2022 03/30/22 Sold $449,000 0.0% $240 / Sq Ft
03/18/2022 03/18/22 Pending -- -- --
02/19/2022 02/19/22 For Sale $449,000 -- $240 / 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 $4,594 $244,000 $0 $244,000
2022 $4,466 $236,900 $0 $0
2021 $4,353 $230,000 $0 $0
2020 $4,096 $223,310 $0 $0
2019 $3,989 $216,810 $0 $0
2018 $3,803 $210,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23470801

Regional Multiple Listing Service (RMLS)

APN: R195436