NOT LISTED FOR SALE

3942 NE 8th Ave Unit 3944 Portland, OR 97212

King Neighborhood

Estimated Value: $452,000 - $624,000

3 Beds
2 Baths
2,528 Sq Ft
$214/Sq Ft Est. Value

Last Sold September 25, 2018

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

Est. 20% increase in value since last sale

Current estimated payment $3,169/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
  • Basement Storage

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
Current Estimated Value
$540,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,900
Avg. Annual Appreciation
2.66%
Original Mortgage
$337,500
Outstanding Balance
$293,714
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$247,186

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

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
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 $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
2024 $3,626 $135,530 -- --
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

  • Brian Eustis

    Seller's Agent in 2018

    Brian Eustis

    MORE Realty

    (503) 490-4001

    3 in this area

    101 Total Sales

    Brian Eustis
    Section Image
  • Jennifer Lundstrom

    Buyer's Agent in 2018

    Jennifer Lundstrom

    Stellar Realty Northwest

    (503) 449-5537

    104 Total Sales

    Jennifer Lundstrom
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18386133

Regional Multiple Listing Service (RMLS)

APN: R226555

Oregon Multnomah County Portland 97212 King

3942 NE 8th Ave Unit 3944, Portland, OR

This home is located at 3942 NE 8th Ave Unit 3944, Portland, OR 97212 since 16 August 2018 and is currently estimated at $540,900, approximately $213 per square foot. This property was built in 1907. 3942 NE 8th Ave Unit 3944 is a home located in Multnomah County with nearby schools including Sabin Elementary School, Harriet Tubman Middle School, and Jefferson High School.

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