NOT LISTED FOR SALE

3936 SE Franklin St Unit 3940 Portland, OR 97202

Richmond Neighborhood

Estimated Value: $789,000 - $856,000

4 Beds
4 Baths
4,254 Sq Ft
$193/Sq Ft Est. Value

Last Sold January 18, 2022

Last sale price $795,000 $187 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,227/month

Highlights

  • Wood Flooring
  • Detached Garage
  • Double Pane Windows
  • Creston Elementary School Rated 9+
  • Fireplace
  • Air Conditioning

About This Home

As of January 2022

Well cared for mid-century duplex. Perfect for owner occupied on one side. Each unit has a spacious living room and separate dining area with beautiful oak hardwood floors, remodeled bathrooms and fireplaces (2 each). Kitchen has the charm from the 1960's, original solid wood cabinets, breakfast nook & built-in buffet. Relaxing, private patio space & separate garages. Convenient laundry, bonus room and plenty of storage in the basement.

Last Agent to Sell the Property

Michellé Hutton

Keller Williams Realty Professionals License #201208117 Listed on: 09/09/2021

Keller Williams Realty Professionals

Last Buyer's Agent

Leslie Keller

Lovejoy Real Estate License #201229116

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,451

Year Built

  • Built in 1960

Lot Details

  • Gentle Sloping Lot

Home Design

  • Brick Exterior Construction
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Double Pane Windows
  • Wood Flooring
  • Range
  • Washer and Dryer

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • Detached Garage
  • Parking Storage or Cabinetry

Utilities

  • Air Conditioning
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,451

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 4254
  • Stories: 2
  • Year Built: 1960
  • Property Condition: Existing
  • Remarks Public: Well cared for mid-century duplex. Perfect for owner occupied on one side. Each unit has a spacious living room and separate dining area with beautiful oak hardwood floors, remodeled bathrooms and fireplaces (2 each). Kitchen has the charm from the 1960's, original solid wood cabinets, breakfast nook & built-in buffet. Relaxing, private patio space & separate garages. Convenient laundry, bonus room and plenty of storage in the basement.
  • Unreinforced Masonry Building: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: SECTION 12 1S 1E, TL 7300 0.15 ACRES
  • Basement: Full Basement
  • Storage: Garage(s), Basement

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: Detached, Garage

Utilities

  • Energy Efficiency Features: Added Wall Insulation, Double Pane Windows
  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public Water
  • Heating Description: Forced Air
  • Security: Sidewalk

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Unit Features: Fireplace, Hardwood Floors, Range, Refrigerator, Washer/Dryer, Air Conditioning

Schools

  • Elementary School: Creston
  • High School: Franklin

Lot Info

  • Lot Description: Gentle Sloping
  • Zoning: R5
  • Water Rights Supplement: No

Green Features

  • Green Building Verification Type: Home Energy Score, Home Energy Score
  • Green Energy Remarks Public: Added insulation between 2 units.
  • Green Energy Supplement: Yes
  • Green Verification HES Metric: 5
  • Green Verification HES Year: 2021

Rental Info

  • Rent Includes: Trash Collection

Tax Info

  • Tax Amount: 8867.12
  • Assessor Parcel Number: R328217
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 19.65

MLS Schools

  • Elementary School: Creston
  • High School: Franklin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2021
Closed on
Jan 13, 2022
Sold by
Lynn Spelbring Teri
Bought by
Morton Alexander Kirk and Morton Katherine Elizabeth
Seller's Agent
Michellé Hutton
Keller Williams Realty Professionals
Buyer's Agent
Leslie Keller
Lovejoy Real Estate
List Price
$790,000
Sold Price
$795,000
Premium/Discount to List
$5,000
0.63%
Current Estimated Value
$821,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,536
Avg. Annual Appreciation
0.89%
Original Mortgage
$636,000
Outstanding Balance
$585,692
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$235,844

Purchase Details

Closed on
Feb 22, 2012
Sold by
Schumann Shirley A
Bought by
Schumann Shirley A and Spelbring Teri Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 2002
Sold by
Walsh Gertrude M
Bought by
Schumann Shirley A and Schumann Teri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
6.52%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Morton Alexander Kirk $795,000 Ticor Title
Schumann Shirley A -- Ticor Title
Schumann Shirley A $255,000 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morton Alexander Kirk $636,000
Previous Owner Schumann Shirley A $190,000
Previous Owner Schumann Shirley A $204,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2022 01/18/22 Sold $795,000 +0.6% $187 / Sq Ft
09/25/2021 09/25/21 Pending -- -- --
09/17/2021 09/17/21 For Sale $790,000 0.0% $186 / Sq Ft
09/12/2021 09/12/21 Pending -- -- --
09/09/2021 09/09/21 For Sale $790,000 -- $186 / 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 $10,451 $390,630 -- --
2023 $10,050 $379,260 $0 $0
2022 $9,832 $368,220 $0 $0
2021 $9,666 $357,500 $0 $0
2020 $8,867 $347,090 $0 $0
2019 $8,541 $336,990 $0 $0
2018 $8,290 $327,180 $0 $0
2017 $7,946 $317,660 $0 $0
2016 $7,272 $308,410 $0 $0
2015 $7,081 $299,430 $0 $0
2014 $6,974 $290,710 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michellé Hutton

    Seller's Agent in 2022

    Michellé Hutton

    Keller Williams Realty Professionals

    (503) 939-7858

    1 in this area

    109 Total Sales

    Michellé Hutton
    Section Image
  • Leslie Keller

    Buyer's Agent in 2022

    Leslie Keller

    Lovejoy Real Estate

    (503) 754-1076

    1 in this area

    29 Total Sales

    Leslie Keller
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21615281

Regional Multiple Listing Service (RMLS)

APN: R328217

Oregon Multnomah County Portland 97202 Richmond

3936 SE Franklin St Unit 3940, Portland, OR

This home is located at 3936 SE Franklin St Unit 3940, Portland, OR 97202 since 09 September 2021 and is currently estimated at $821,536, approximately $193 per square foot. This property was built in 1960. 3936 SE Franklin St Unit 3940 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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