NOT LISTED FOR SALE

4235 SE 16th Ave Portland, OR 97202

Brooklyn Neighborhood

Estimated Value: $977,000 - $1,301,000

8 Beds
4 Baths
3,184 Sq Ft
$363/Sq Ft Est. Value

Last Sold January 24, 2020

Last sale price $985,000 $309 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $7,044/month

5 Days on Market

Highlights

  • Deck
  • Paneling
  • Outdoor Storage
  • Cleveland High School Rated A-
  • Storage
  • Controlled Entrance

About This Home

As of January 2020

Turn-key 4-Plex in desirable Brooklyn neighborhood. All the work is done including new roof in 2018, newer windows, recently painted. Each unit has been tastefully updated with newer cabinetry, lighting and flooring. Upper units feature private balconies w/storage and lower units include their own walk-out deck. Very well cared for investment w/Assigned Parking. Great cash flow! Projected income ~ 75k annually!

Last Agent to Sell the Property

Theresa deSousa + Brian Spear

Opt License #200312221 Listed on: 11/26/2019

Opt

Last Buyer's Agent

Melissa Dorman

Living Room Realty License #201222278

Living Room Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,845

Year Built

  • Built in 1968

Lot Details

  • 5,009

Parking

  • Assigned Parking
  • Controlled Entrance

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Paneling
  • Storage
  • Crawl Space
  • Range

Outdoor Features

  • Deck
  • Outdoor Storage

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,845

Year Built

Built in 1968

Lot Details

0

Parking

4

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3184
  • Stories: 2
  • Year Built: 1968
  • Property Condition: Existing
  • Remarks Public: Turn-key 4-Plex in desirable Brooklyn neighborhood. All the work is done including new roof in 2018, newer windows, recently painted. Each unit has been tastefully updated with newer cabinetry, lighting and flooring. Upper units feature private balconies w/storage and lower units include their own walk-out deck. Very well cared for investment w/Assigned Parking. Great cash flow! Projected income ~ 75k annually!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: BOISES ADD, BLOCK 9, LOT 29&30
  • Basement: Crawl Space
  • Storage: Deck, Individual Storage Units

Exterior Features

  • Exterior Description: Panel, Wood Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Flat

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Zoned
  • Security: Entry

Condo/Co-op/Association

  • Management Name: Owner
  • Common Amenities: Laundry
  • Unit Features: Deck, Range, Refrigerator, Storage

Schools

  • Elementary School: Grout
  • Middle School: Hosford
  • High School: Cleveland

Lot Info

  • Lot Description: Level
  • Zoning: R5

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 8946.14
  • Assessor Parcel Number: R117948
  • Tax Year: 2018

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 13.17

MLS Schools

  • Elementary School: Grout
  • High School: Cleveland
  • Middle School: Hosford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2019
Closed on
Jan 17, 2020
Sold by
Lacey Lance
Bought by
Kennedy Stephen G
Seller's Agent
Theresa deSousa + Brian Spear
Opt
Buyer's Agent
Melissa Dorman
Living Room Realty
List Price
$969,000
Sold Price
$985,000
Premium/Discount to List
$16,000
1.65%
Current Estimated Value
$1,156,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,974
Avg. Annual Appreciation
3.01%
Original Mortgage
$886,500
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 9, 2011
Closed on
Mar 22, 2012
Sold by
Olinghouse J Thomas
Bought by
Lacey Lance
Seller's Agent
Jon Olinghouse
Absolute Real Estate
Buyer's Agent
George McCleary
McCleary Realty
List Price
$469,000
Sold Price
$435,500
Premium/Discount to List
-$33,500
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.02%
Original Mortgage
$326,625
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2005
Sold by
Olinghouse James Thomas and Olinghouse Llona R
Bought by
Olinghouse J Thomas and Olinghouse Llona

Purchase Details

Closed on
Apr 16, 2004
Sold by
Olinghouse Jon Robert
Bought by
Olinghouse James Thomas and Olinghouse Llona R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.57%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Feb 2, 2000
Sold by
Ehler J Autry
Bought by
Olinghouse Jon Robert and Flannagan Iain J A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.96%
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
Kennedy Stephen G $985,000 Chicago Title Company Of Or
Lacey Lance $435,500 First American
Olinghouse J Thomas -- --
Olinghouse James Thomas -- Stewart
Olinghouse Jon Robert $195,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kennedy Stephen G $847,500
Closed Kennedy Stephen G $886,500
Previous Owner Lacey Lance $326,625
Previous Owner Olinghouse James Thomas $210,000
Previous Owner Olinghouse Jon Robert $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2020 01/24/20 Sold $985,000 +1.7% $309 / Sq Ft
12/01/2019 12/01/19 Pending -- -- --
11/26/2019 11/26/19 For Sale $969,000 +122.5% $304 / Sq Ft
04/06/2012 04/06/12 Sold $435,500 -7.1% $137 / Sq Ft
02/20/2012 02/20/12 Pending -- -- --
11/08/2011 11/08/11 For Sale $469,000 -- $147 / 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 $10,845 $409,280 $0 $0
2022 $10,610 $397,360 $0 $0
2021 $10,431 $385,790 $0 $0
2020 $9,569 $374,560 $0 $0
2019 $9,502 $363,660 $0 $0
2018 $8,946 $353,070 $0 $0
2017 $8,574 $342,790 $0 $0
2016 $7,847 $332,810 $0 $0
2015 $7,641 $323,120 $0 $0
2014 $7,335 $313,710 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Melissa Dorman

    Buyer's Agent in 2020

    Melissa Dorman

    Living Room Realty

    (562) 355-8593

    4 in this area

    211 Total Sales

    Melissa Dorman
    Section Image

  • J

    Seller's Agent in 2012

    Jon Olinghouse

    Absolute Real Estate

    (503) 895-0892

    5 Total Sales

    Jon Olinghouse
    Section Image

  • G

    Buyer's Agent in 2012

    George McCleary

    McCleary Realty

    (503) 332-1610

    22 Total Sales

    George McCleary
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19214931

Regional Multiple Listing Service (RMLS)

APN: R117948

Oregon Multnomah County Portland 97202 Brooklyn

4235 SE 16th Ave, Portland, OR

This home is located at 4235 SE 16th Ave, Portland, OR 97202 since 26 November 2019 and is currently estimated at $1,156,974, approximately $363 per square foot. This property was built in 1968. 4235 SE 16th Ave is a home located in Multnomah County with nearby schools including Grout Elementary School, Hosford Middle School, and Cleveland High School.

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