NOT LISTED FOR SALE

3942 NE 8th Ave Unit 3944 Portland, OR 97212

King Neighborhood

Estimated Value: $484,000 - $592,000

3 Beds
2 Baths
2,528 Sq Ft
$207/Sq Ft Est. Value

Last Sold September 25, 2018

Last sale price $450,000 $178 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,209/month

6 Days on Market

Highlights

  • Landscaped with Trees
  • Forced Air Heating System
  • 2-minute walk to Two Plum Park
  • Sabin Elementary School Rated A-
  • Wood Siding

About This Home

As of September 2018

Charming duplex in Sabin neighborhood close to several parks, shopping, restaurants. Shared driveway for off street parking, unfinished basement for storage and backyard with above ground garden beds. Upper unit has an interior & exterior access with a back deck. Each unit has gas & electric meters and washer/dryer. Tenant occupied the only time to view will be during two Open Houses - Sat 8/18 & Sun 8/19 from 11am to 1pm.

Last Agent to Sell the Property

Brian Eustis

MORE Realty License #200412129 Listed on: 08/16/2018

MORE Realty

Last Buyer's Agent

Jennifer Lundstrom

Stellar Realty Northwest License #200301121

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,757

Year Built

  • Built in 1907

Lot Details

  • Landscaped with Trees

Parking

  • 2 Car Garage

Home Design

  • Composition Roof
  • Wood Siding
  • Lap Siding

Interior Spaces

  • 2,528 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Schools

  • Sabin Elementary And Middle School
  • Jefferson High School

Utilities

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

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R226555

Community Details

Overview

  • 2 Units
  • Sabin Subdivision

Building Details

  • Operating Expense $6,000
  • Gross Income $25,944
  • Net Operating Income $20,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,757

Year Built

Built in 1907

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1907
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Exterior Description: LapSiding,WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: Trees
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Paved
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

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

Schools

  • Elementary School: Sabin
  • High School: Jefferson
  • Middle Or Junior School: Sabin

Lot Info

  • Zoning: R2.5
  • Parcel #: R226555

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2017
  • Tax Annual Amount: 2757.21

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 17.35
  • Annual Gross Income: 25944.0
  • Property Net Operating Income: 20000.0
  • Annual Operating Expense: 6000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2018
Closed on
Sep 20, 2018
Sold by
Goodwin Grayzel Abraham and Goodwin Grayzel Lindsey
Bought by
Kapnek Jennifer and Eldsmoe Terrance M
Seller's Agent
Brian Eustis
MORE Realty
Buyer's Agent
Jennifer Lundstrom
Stellar Realty Northwest
List Price
$450,000
Sold Price
$450,000
Total Days on Market
6
Current Estimated Value
$522,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,240
Avg. Annual Appreciation
2.65%
Original Mortgage
$337,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2014
Sold by
Goodwin Grayzel Abraham
Bought by
Goodwin Grayzel Abraham and Goodwin Grayzel Lindsey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,200
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 1996
Sold by
Pacific Paradigm Llc
Bought by
Grayzel Laura S and Grayzel Abraham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,450
Interest Rate
8.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 1996
Sold by
Collins Julia Mae
Bought by
Pacific Paradigm Llc and N & N General Contracting Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.98%
Mortgage Type
Seller Take Back
Source: Public Records

Similar Homes in Portland, OR

  • 3512 NE Grand Ave, Portland, OR 97212

    $599,000

    • 4 Beds
    • 2 Baths
    • 1,988 Sq Ft
    • 3512 NE Grand Ave
    • Portland, OR

    Amazing, quiet location but mere steps to hot spots in lower NE Portland! DUPLEX is in Excellent condition with perfect tenants! All plumbing was replaced with PEX supply lines in 2022. 35-year Roof was installed in 2023. Cadet wall heaters were replaced in 2024 with new units that include digital thermostats. New washer & dryer in Unit A (2023) and Unit B (2024). Separate sub-water meter

    Theresa deSousa + Brian Spear Opt

    Section Image
  • 624 N Emerson St Unit 626, Portland, OR 97217

    $619,950

    • 4 Beds
    • 2 Baths
    • 1,800 Sq Ft
    • 624 N Emerson St
    • Unit 626
    • Portland, OR

    Well-maintained duplex located in an established neighborhood with easy access to nearby dining and amenities. Each unit offers 2 bedrooms, 1 bathroom, a large living room, and a full kitchen. Off-street parking is available for each unit. The roof was replaced within the last year. One unit will be vacant by the end of June, presenting an opportunity for an owner-occupant or new lease.

    Jeff Whiting John L. Scott

    Section Image
  • 5505 N Minnesota Ave, Portland, OR 97217

    $650,000

    • 4 Beds
    • 2 Baths
    • 2,680 Sq Ft
    • 5505 N Minnesota Ave
    • Portland, OR

    2 homes on 1 lot! Both are occupied by tenants and will be sold with tenants in place. Contact agent for financials. 5500 sq ft lot. Zoning is CM2 Commercial Mixed Use per City ofPortland, buyer to verify uses. 5505 N Minnesota is 2160 sq ft, 3 bedrooms, one bathroom. 1223 N Killingsworth is 520sq ft, one bedroom, one bathroom.

    David Axness Axness & Kofman Real Estate

    Section Image
  • 410 NE Holland St Unit 416, Portland, OR 97211

    $599,900

    • 2 Beds
    • 1 Bath
    • 2,592 Sq Ft
    • 410 NE Holland St
    • Unit 416
    • Portland, OR

    These originally designed units are 2 bed, 1 bath, with 1,296 SF including separate unfinished basements with the potential for another bed and bath for each unit. These townhome-style units have wood floors and cozy fireplaces on the main level, that add to their timeless vintage charm. The kitchens have electric ranges, fridges, and eating nooks that also make them unique. Upstairs you will

    Jeffrey Capen Windermere Realty Trust

    Section Image
  • 2747 NE Bryant St, Portland, OR 97211

    $639,000

    • 5 Beds
    • 2 Baths
    • 2747 NE Bryant St
    • Portland, OR

    Turnkey flexible investment opportunity in NE Portland with ASSUMABLE LOAN option with a 3.375% Interest rate!!! Fully upgraded in 2020, this home features two separate living spaces. Basement unit has its own entrance, kitchen, backyard, and laundry room. Perfect for anyone looking to add an income-generating property to your portfolio in this high demand rental market with long-term tenants

    Ana Campos Opt

    Section Image
  • 136 N Russet St Unit 138, Portland, OR 97217

    $449,950

    • 2 Beds
    • 1 Bath
    • 3,516 Sq Ft
    • 136 N Russet St
    • Unit 138
    • Portland, OR

    DRIVE BY ONLY. DO NOT DISTURB. Get your hands dirty, unleash your creativity, and build your portfolio! Fixer duplex with some remodeling already completed to one unit. Huge finished basements underneath both units. Big two car garage, driveway and on street parking.

    John Sieling Branch Real Estate

    Section Image
  • 2407 N Rosa Parks Way, Portland, OR 97217

    $630,000

    • 4 Beds
    • 2 Baths
    • 1,940 Sq Ft
    • 2407 N Rosa Parks Way
    • Portland, OR

    Arbor Lodge recently updated Duplex with modern finishes, in-unit laundry, and mini splits. 2407 Rosa Parks is a 550 SQFT 2 Bed, 1 bath with luxury vinyl floors, mini split efficient heating and cooling, and in-unit laundry stack. 6507 N Boston is 650 SQFT + a 740 SQFT basement for storage or extra living space. 1 Bedroom + Den/Office or second bedroom. This duplex is fresh and ready for an owner

    Jarrin Benson eXp Realty, LLC

    Section Image
  • 2115 NE 48th Ave, Portland, OR 97213

    $599,995

    • 4 Beds
    • 2 Baths
    • 2,634 Sq Ft
    • 2115 NE 48th Ave
    • Portland, OR

    Income property located near the heart of Hollywood. This duplex has many upgrades, including blown-in insulation, updated panels, heat pumps, triple-pane windows for most of the property, fresh paint upstairs, new range and fridge upper unit. Laundry room in basement has washer/dryer, w/d hook-up in upper-unit bathroom. Appliances are included. Hardwood floors in both units. Convenient to mass

    Christopher Lancefield Lancefield Realty

    Section Image
  • 7516 N Brandon Ave, Portland, OR 97217

    $620,000

    • 4 Beds
    • 2 Baths
    • 2,612 Sq Ft
    • 7516 N Brandon Ave
    • Portland, OR

    Looking for an investment property that starts paying off from day one? Here it is. With two units generating $2,400/month for the upper unit and $1,900/month for the lower unit, this home has a proven track record of solid cash flow. Located just minutes from downtown Kenton, this property checks all the boxes: convenience, functionality, and charm. The lower unit, remodeled in 2019, is a

    Jordyn Jones Cascade Hasson Sotheby's International Realty

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Kapnek Jennifer $450,000 Lawyers Title
Goodwin Grayzel Abraham -- First American Els
Grayzel Laura S $127,218 Ticor Title Insurance
Pacific Paradigm Llc $45,000 Ticor Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kapnek Jennifer $423,500
Closed Kapnek Jennifer $337,500
Previous Owner Goodwin Grayzel Abraham $86,200
Previous Owner Grayzel Laura S $114,450
Previous Owner Pacific Paradigm Llc $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2018 09/25/18 Sold $450,000 0.0% $178 / Sq Ft
08/21/2018 08/21/18 Pending -- -- --
08/15/2018 08/15/18 For Sale $450,000 -- $178 / 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 $3,487 $131,590 $0 $0
2022 $3,411 $127,760 $0 $0
2021 $3,354 $124,040 $0 $0
2020 $3,077 $120,430 $0 $0
2019 $2,964 $116,930 $0 $0
2018 $2,877 $113,530 $0 $0
2017 $2,757 $110,230 $0 $0
2016 $2,523 $107,020 $0 $0
2015 $2,457 $103,910 $0 $0
2014 -- $100,890 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18386133

Regional Multiple Listing Service (RMLS)

APN: R226555