NOT LISTED FOR SALE

429 NE 148th Ave Unit 433 Portland, OR 97230

Hazelwood Neighborhood

Estimated Value: $455,000 - $531,000

4 Beds
4 Baths
1,700 Sq Ft
$295/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $456,000 $268 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,134/month

20 Days on Market

Highlights

  • Golf Course Community
  • 4-minute walk to E 148Th
  • 2 Car Garage
  • Zoned Heating
  • Green Certified Home

About This Home

As of November 2023

Turnkey duplex located right next to Glendoveer Golf Course with many updates throughout. Features include a new roof, new laminate flooring, new interior paint and large backyards perfect for entertaining. This property has a desirable floor plan featuring side-by-side duplicate 2 bed, 2 full bath units with 1 car garages & backyards on each side. Rent out both sides as a long term investment property or move into one side and rent out the other to help cover your mortgage! Perfect opportunity for a first time home buyer or seasoned investor. Take advantage of the growing rents in the area. This opportunity presents a myriad of options! One of the units is currently tenant occupied and is subject to tenant rights, with the other unit being vacant and move-in ready. [Home Energy Score = 8. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10220993]

Last Agent to Sell the Property

Tyler Horst

Summa Real Estate Group License #201218421 Listed on: 08/26/2023

Co-Listed By

Tim Horst

Summa Real Estate Group License #911200139

Last Buyer's Agent

Wally Tesfa

Acquire Properties License #950900153

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,637

Year Built

  • Built in 1996 | Remodeled

Lot Details

  • 4,661

Parking

  • 2 Car Garage

Home Design

  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,700 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Eco-Friendly Details

  • Green Certified Home

Schools

  • Glenfair Elementary School
  • H.B. Lee Middle School
  • Reynolds High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R194829

Community Details

Overview

  • 2 Units
  • Glenfair Subdivision

Recreation

  • Golf Course Community

Building Details

  • Operating Expense $6,338
  • Gross Income $33,600
  • Net Operating Income $27,262

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,637

Year Built

Built in 1996 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1996
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: None
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: GolfCourse, LightRail
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: Glenfair
  • High School: Reynolds
  • Middle Or Junior School: H.B. Lee

Lot Info

  • Zoning: RM2
  • Parcel #: R194829

Green Features

  • Green Certification: Yes

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 5637.49

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.39
  • Annual Gross Income: 33600.0
  • Property Net Operating Income: 27262.0
  • Annual Operating Expense: 6338.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2023
Closed on
Nov 9, 2023
Sold by
Mock Ricky J and Mock Tonia
Bought by
Gebremedhin Brook
Seller's Agent
Tyler Horst
Summa Real Estate Group
Buyer's Agent
Wally Tesfa
Acquire Properties
List Price
$449,900
Sold Price
$456,000
Premium/Discount to List
$6,100
1.36%
Total Days on Market
20
Views
32
Current Estimated Value
$500,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,718
Avg. Annual Appreciation
6.26%
Original Mortgage
$364,800
Outstanding Balance
$359,951
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$140,767

Purchase Details

Listed on
Nov 17, 2013
Closed on
Dec 18, 2013
Sold by
Willing Edward
Bought by
Mock Ricky J and Mock Tonia
Seller's Agent
Troy Wilkerson
The Broker Network, LLC
Buyer's Agent
Tim Horst
Summa Real Estate Group
List Price
$249,000
Sold Price
$245,000
Premium/Discount to List
-$4,000
-1.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.47%
Original Mortgage
$250,267
Interest Rate
4.13%
Mortgage Type
VA

Purchase Details

Closed on
May 15, 2003
Sold by
Wilson Kenneth E
Bought by
Willing Ii Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,927
Interest Rate
8.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 1996
Sold by
Skoro Ivan
Bought by
Wilson Kenneth E and Wilson Diane A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
7.68%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Gebremedhin Brook $456,000 First American Title
Mock Ricky J $245,000 Ticor Title Company
Willing Ii Edward $208,245 Western Pioneer Title Co
Wilson Kenneth E $162,000 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gebremedhin Brook $364,800
Previous Owner Mock Ricky J $307,500
Previous Owner Mock Ricky J $250,267
Previous Owner Willing Ii Edward $226,560
Previous Owner Willing Ii Edward $231,000
Previous Owner Willing Ii Edward $222,700
Previous Owner Willing Ii Edward $197,927
Previous Owner Wilson Kenneth E $102,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2023 11/15/23 Sold $456,000 +1.4% $268 / Sq Ft
09/16/2023 09/16/23 Pending -- -- --
08/26/2023 08/26/23 For Sale $449,900 +83.6% $265 / Sq Ft
12/19/2013 12/19/13 Sold $245,000 -1.6% $114 / Sq Ft
11/17/2013 11/17/13 Pending -- -- --
11/17/2013 11/17/13 For Sale $249,000 -- $116 / 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 $5,724 $252,870 $0 $0
2022 $5,637 $245,510 $0 $0
2021 $5,357 $238,360 $0 $0
2020 $4,892 $231,420 $0 $0
2019 $4,766 $224,680 $0 $0
2018 $4,722 $218,140 $0 $0
2017 $4,305 $211,790 $0 $0
2016 $3,940 $205,630 $0 $0
2015 $3,572 $199,650 $0 $0
2014 $3,515 $193,840 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23605565

Regional Multiple Listing Service (RMLS)

APN: R194829