NOT LISTED FOR SALE

430 NE Failing St Unit 434 Portland, OR 97212

King Neighborhood

Estimated Value: $557,000 - $804,000

6 Beds
3 Baths
2,584 Sq Ft
$276/Sq Ft Est. Value

Last Sold October 13, 2017

Last sale price $625,000 $242 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,364/month

83 Days on Market

Highlights

  • Corner Lot
  • Storage
  • 4-minute walk to Two Plum Park
  • Sabin Elementary School Rated A-

About This Home

As of October 2017

Investors here is your diamond in the rough. This cosmetic fixer in the heart of NE that sits only a half of a block off Martin Luther King JR Blvd and has a walking score of 93 so you will always have it rented. Don't let the looks from the outside deceive you as the insides are very nice and has had lots of updates but still has that vintage look everyone wants inside. Drive by but please do not walk on property or disturb the renters

Last Agent to Sell the Property

John McClung

Harcourts Real Estate Network Group License #940300096 Listed on: 05/05/2017

Harcourts Real Estate Network Group

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

  • $4,934

Year Built

  • Built in 1904

Lot Details

  • Corner Lot

Home Design

  • Metal Siding

Interior Spaces

  • 3-Story Property
  • Storage
  • Unfinished Basement
  • Basement Storage
  • Range

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,934

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2584
  • Stories: 3
  • Year Built: 1904
  • Remarks Public: Investors here is your diamond in the rough. This cosmetic fixer in the heart of NE that sits only a half of a block off Martin Luther King JR Blvd and has a walking score of 93 so you will always have it rented. Don't let the looks from the outside deceive you as the insides are very nice and has had lots of updates but still has that vintage look everyone wants inside. Drive by but please do not walk on property or disturb the renters
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: NORTH IRVINGTON, BLOCK A, E 1/2 OF LOT 2
  • Basement: Unfinished, Storage Space
  • Storage: Basement

Exterior Features

  • Exterior Description: Metal Siding
  • Roof Type: Composition

Utilities

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

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Common Amenities: Laundry
  • Unit Features: Range, Refrigerator, Storage, Washer/Dryer Hookup

Lot Info

  • Lot Description: Corner Lot
  • Zoning: EXD
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 3107.52
  • Assessor Parcel Number: R226451

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 15.94

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2017
Closed on
Oct 13, 2017
Sold by
Cabrera John A
Bought by
Petrossian Gregory
Seller's Agent
John McClung
Harcourts Real Estate Network Group
Buyer's Agent
Edward Petrossian
RE/MAX Equity Group
List Price
$799,000
Sold Price
$625,000
Premium/Discount to List
-$174,000
-21.78%
Current Estimated Value
$721,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,843
Avg. Annual Appreciation
1.84%
Original Mortgage
$613,679
Outstanding Balance
$518,710
Interest Rate
3.82%
Mortgage Type
FHA
Estimated Equity
$202,418

Purchase Details

Closed on
Feb 14, 2006
Sold by
Tesfa Woldeab
Bought by
Cabrera John A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,050
Interest Rate
6.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 10, 2002
Sold by
Gebrerufael Kashay Russom
Bought by
Tesfa Waldeab

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage
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
Petrossian Gregory $625,000 Wfg Title
Cabrera John A -- Wfg Title
Cabrera John A $288,700 Lawyers Title Ins
Tesfa Waldeab $235,000 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Petrossian Gregory $613,679
Previous Owner Cabrera John A $283,350
Previous Owner Cabrera John A $202,050
Previous Owner Cabrera John A $72,150
Previous Owner Tesfa Waldeab $176,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2017 10/13/17 Sold $625,000 -21.8% $242 / Sq Ft
07/27/2017 07/27/17 Pending -- -- --
05/05/2017 05/05/17 For Sale $799,000 -- $309 / 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 $4,934 $179,050 $0 $0
2022 $4,642 $173,840 $0 $0
2021 $4,563 $168,780 $0 $0
2020 $4,186 $163,870 $0 $0
2019 $4,032 $159,100 $0 $0
2018 $3,914 $154,471 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John McClung

    Seller's Agent in 2017

    John McClung

    Harcourts Real Estate Network Group

    (503) 807-5711

    169 Total Sales

    Section Image

  • E

    Buyer's Agent in 2017

    Edward Petrossian

    RE/MAX

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 17631721

Regional Multiple Listing Service (RMLS)

APN: R226451

Oregon Multnomah County Portland 97212 King

430 NE Failing St Unit 434, Portland, OR

This home is located at 430 NE Failing St Unit 434, Portland, OR 97212 since 05 May 2017 and is currently estimated at $713,441, approximately $276 per square foot. This property was built in 1904. 430 NE Failing St Unit 434 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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