NOT LISTED FOR SALE

4065 N Mississippi Ave Portland, OR 97227

Boise Neighborhood

Estimated Value: $789,000 - $1,172,739

4 Beds
4 Baths
3,753 Sq Ft
$279/Sq Ft Est. Value

Last Sold November 27, 2019

Last sale price $910,000 $242 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,355/month

3 Days on Market

Highlights

  • Wood Flooring
  • Property is near a bus stop
  • Wood Siding
  • Views

About This Home

As of November 2019

Solid performing, nicely remodeled four-plex in the heart of the thriving and happening Mississippi neighborhood. Fully leased generating close to $63,000 in annual rents. Updated electrical and plumbing. Continue as four-plex or take advantage of commercial mixed use zoning to redevelop. Walk score 92 - walker's paradise, bike score 88 - very bikeable. Do not disturb tenants; offers subject to interior inspection.

Last Agent to Sell the Property

Andrew Berlinberg

Keller Williams Realty Professionals License #200201085 Listed on: 10/07/2019

Keller Williams Realty Professionals

Co-Listed By

Rebecca Powers

Keller Williams Realty Professionals License #201213925

Last Buyer's Agent

Edward Petrossian

RE/MAX Equity Group License #891100084

RE/MAX Equity Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,054

Year Built

  • Built in 1899 | Remodeled

Lot Details

  • 5,009

Parking

  • Open Parking

Home Design

  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Window Treatments
  • Wood Flooring
  • Storage In Attic
  • Security Lights
  • Property Views

Kitchen

  • Range
  • Dishwasher

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Location

  • Property is near a bus stop

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 4 Units
  • Property managed by Dan Fangmeier, Fox Management

Listing and Financial Details

  • Rent includes trash collection

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,054

Year Built

Built in 1899 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3753
  • Stories: 3
  • Year Built: 1899
  • Property Condition: Updated/Remodeled
  • Remarks Public: Solid performing, nicely remodeled four-plex in the heart of the thriving and happening Mississippi neighborhood. Fully leased generating close to $63,000 in annual rents. Updated electrical and plumbing. Continue as four-plex or take advantage of commercial mixed use zoning to redevelop. Walk score 92 - walker's paradise, bike score 88 - very bikeable. Do not disturb tenants; offers subject to interior inspection.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: MULTNOMAH, BLOCK 14, LOT 3
  • Basement: Full Basement, Storage Space
  • Storage: Attic, Basement

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition
  • View: City
  • View: Yes

Garage/Parking

  • Garage Or Parking Spaces: 4
  • Parking Description: Open

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air
  • Security: Security Lights

Condo/Co-op/Association

  • Management Name: Dan Fangmeier, Fox Management
  • Management Phone: 503-421-2582
  • Common Amenities: Laundry
  • Unit Features: Dishwasher, Hardwood Floors, Range, Refrigerator, Window Coverings

Schools

  • Elementary School: Boise-Eliot
  • High School: Grant
  • School High2: Jefferson

Lot Info

  • Lot Description: On Busline
  • Zoning: CM-2

Rental Info

  • Rent Includes: Trash Collection

Tax Info

  • Tax Amount: 5145.16
  • Assessor Parcel Number: R223534
  • Tax Year: 2019

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 13.48

MLS Schools

  • Elementary School: Boise-Eliot
  • High School: Grant

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2019
Closed on
Nov 21, 2019
Sold by
Finch Michele W
Bought by
4065 N Mississippi Llc
Seller's Agent
Andrew Berlinberg
Keller Williams Realty Professionals
Buyer's Agent
Edward Petrossian
RE/MAX Equity Group
List Price
$825,000
Sold Price
$910,000
Premium/Discount to List
$85,000
10.3%
Current Estimated Value
$1,068,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,532
Avg. Annual Appreciation
2.82%

Purchase Details

Closed on
Mar 14, 2013
Sold by
Sv Duo Oregon 2 Llc
Bought by
Finch Michele W

Purchase Details

Closed on
Jul 1, 2008
Sold by
Finch Michele W
Bought by
Sv Duo Oregon 2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$489,100
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 2008
Sold by
Phillips Karen
Bought by
Finch Michele W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$489,100
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 2008
Sold by
Yeager Barbara A
Bought by
Phillips Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$489,100
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2004
Sold by
Mcdaniel Barbara A
Bought by
Yeager Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
4.02%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 30, 2003
Sold by
Seethoff Milan
Bought by
Mcdaniels Barbara A

Purchase Details

Closed on
Oct 29, 2003
Sold by
Venerable Investment Llc
Bought by
Mcdaniels Barbara A

Purchase Details

Closed on
Jul 30, 2002
Sold by
Seethoff Milan
Bought by
Venerable Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,492
Interest Rate
6.6%
Mortgage Type
FHA

Purchase Details

Closed on
May 11, 1998
Sold by
Reingold Richard B
Bought by
Parrish Maria M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,500
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 1998
Sold by
Wells Fargo Bank Na
Bought by
Cuyler Bruce E and Cuyler Jean H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,500
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 27, 1997
Sold by
Holzschuh Dale Allen
Bought by
Parrish Maria M
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
4065 N Mississippi Llc $910,000 Fidelity Natl Ttl Co Of Or
Finch Michele W -- None Available
Sv Duo Oregon 2 Llc -- None Available
Finch Michele W $670,000 Transnation Title Agency Or
Phillips Karen $670,000 Transnation Title Agency Or
Yeager Barbara A -- Transnation Title Agency Or
Mcdaniels Barbara A $13,897 Fidelity Natl Title Co Of Or
Mcdaniels Barbara A -- Fidelity Natl Title Co Of Or
Venerable Investments Llc -- --
Seethoff Milan $223,500 Pacific Nw Title
Parrish Maria M -- Fidelity National Title Co
Cuyler Bruce E -- --
Parrish Maria M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4065 N Mississippi Llc $748,000
Previous Owner Finch Michele W $489,100
Previous Owner Yeager Barbara A $100,000
Previous Owner Yeager Barbara A $418,500
Previous Owner Yeager Barbara A $308,000
Previous Owner Seethoff Milan $202,492
Previous Owner Parrish Maria M $126,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2019 11/27/19 Sold $910,000 +10.3% $242 / Sq Ft
10/10/2019 10/10/19 Pending -- -- --
10/07/2019 10/07/19 For Sale $825,000 -- $220 / 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 $6,054 $228,470 $0 $0
2022 $5,923 $221,820 $0 $0
2021 $5,823 $215,360 $0 $0
2020 $5,342 $209,090 $0 $0
2019 $5,145 $203,000 $0 $0
2018 $4,994 $197,090 $0 $0
2017 $4,786 $191,350 $0 $0
2016 $4,380 $185,780 $0 $0
2015 $4,265 $180,370 $0 $0
2014 -- $175,120 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19325069

Regional Multiple Listing Service (RMLS)

APN: R223534