NOT LISTED FOR SALE

414 SE 31st Ave Unit 420 Portland, OR 97214

Kerns Neighborhood

Estimated Value: $941,000 - $1,224,000

7 Beds
4 Baths
3,288 Sq Ft
$339/Sq Ft Est. Value

Last Sold June 09, 2020

Last sale price $775,000 $236 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $6,521/month

12 Days on Market

Highlights

  • Deck
  • Fireplace
  • Storage
  • Sunnyside Environmental School Rated 9+
  • Views
  • Parking Storage or Cabinetry

About This Home

As of June 2020

This is the deal you've been waiting for, close in SE PDX 4 plex 6.25 cap rate with seller financing! Large units with mid century charm, private off street courtyard and balconies, storage/garage area for each unit, parking for each unit, shared coin op laundry for added income, surrounded by well maintained classic NW Craftsman homes, quintessential PDX urban gardens and everything else you might expect from one of the hottest neighborhoods in town! Seller finance only

Last Agent to Sell the Property

Benjamin Droukas

Windermere Realty Trust License #200401007 Listed on: 04/30/2020

Windermere Realty Trust

Co-Listed By

Bennet Van der Genugten

Keller Williams PDX Central License #201217502

Last Buyer's Agent

Leia Carlton

Portland's Alternative Inc., Realtors License #200404127

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 5,009

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Window Treatments
  • Storage
  • Property Views

Parking

  • Garage
  • Parking Storage or Cabinetry
  • Assigned Parking

Additional Features

  • Deck
  • Level Lot
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes trash collection

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Stories: 2
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: SCHMEERS ADD, BLOCK 5, LOT 3
  • Basement: None
  • Storage: Attached, Garage(s)

Exterior Features

  • Exterior Description: Aluminum
  • Lot Size: 5,000 to 6,999 SqFt
  • View: City
  • Foundation Details: Slab
  • View: Yes
  • Road Surface: Concrete, Paved

Garage/Parking

  • Parking Description: Assigned, Garage

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Common Amenities: Laundry
  • Unit Features: Deck, Fireplace, Storage, Window Coverings

Lot Info

  • Lot Description: Level
  • Zoning: R5
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Rental Info

  • Rent Includes: Trash Collection

Tax Info

  • Tax Amount: 8829.57
  • Assessor Parcel Number: R266205
  • Tax Year: 2018

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 11.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2005
Sold by
Stephenson Timothy
Bought by
Williams Dean J and Williams Marybeth K
Current Estimated Value
$1,057,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,900
Outstanding Balance
$189,575
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac
Estimated Equity
$924,122

Purchase Details

Closed on
Aug 31, 2001
Sold by
Garduno Rosemarie
Bought by
Stephenson Timothy and Stephenson Katrhyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 12, 1998
Sold by
Stoinoff Harry P
Bought by
Garduno Rosemarie and Martinez Floyd H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Williams Dean J $544,500 Chicago Title Co
Stephenson Timothy $340,000 Chicago Title Insurance Co
Garduno Rosemarie $300,000 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Dean J $353,900
Previous Owner Stephenson Timothy $230,000
Previous Owner Garduno Rosemarie $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2020 06/09/20 Sold $775,000 0.0% $236 / Sq Ft
05/12/2020 05/12/20 Pending -- -- --
05/08/2020 05/08/20 For Sale $775,000 0.0% $236 / Sq Ft
05/02/2020 05/02/20 Pending -- -- --
05/01/2020 05/01/20 For Sale $775,000 0.0% $236 / Sq Ft
05/01/2020 05/01/20 Pending -- -- --
04/30/2020 04/30/20 For Sale $775,000 -- $236 / 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
2025 $11,547 $428,540 -- --
2024 $11,132 $416,060 -- --
2023 $11,132 $403,950 $0 $0
2022 $10,472 $392,190 $0 $0
2021 $10,295 $380,770 $0 $0
2020 $9,444 $369,680 $0 $0
2019 $9,097 $358,920 $0 $0
2018 $8,830 $348,470 $0 $0
2017 $8,463 $338,330 $0 $0
2016 $7,745 $328,480 $0 $0
2015 $7,542 $318,920 $0 $0
2014 $7,428 $309,640 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Benjamin Droukas

    Seller's Agent in 2020

    Benjamin Droukas

    Windermere Realty Trust

    (503) 522-4645

    107 Total Sales

    Benjamin Droukas
    Section Image

  • B

    Seller Co-Listing Agent in 2020

    Bennet Van der Genugten

    Keller Williams PDX Central

  • Leia Carlton

    Buyer's Agent in 2020

    Leia Carlton

    Portland's Alternative Inc., Realtors

    (503) 810-7850

    68 Total Sales

    Leia Carlton
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20079244

Regional Multiple Listing Service (RMLS)

APN: R266205

Oregon Multnomah County Portland 97214 Kerns

414 SE 31st Ave Unit 420, Portland, OR

Not Listed for Sale

MultiFamily

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