NOT LISTED FOR SALE

4323 SE 16th Ave Unit 4327 Portland, OR 97202

Brooklyn Neighborhood

Estimated Value: $788,000 - $978,748

6 Beds
3 Baths
2,592 Sq Ft
$344/Sq Ft Est. Value

Last Sold August 15, 2017

Last sale price $775,000 $299 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,558/month

11 Days on Market

Highlights

  • Washer and Dryer
  • Level Lot
  • Lap Siding
  • Cleveland High School Rated A-

About This Home

As of August 2017

Hardly a better city location! Heart of Brooklyn, one block from the MAX Orange line stop, and near the local amenities. Great commute downtown, Reed College, and all other directions. Hop down to the Springwater Trail on the Willamette. Great income producing with stable residents & leases; quiet area. Three townhouse-style homes in this great triplex with off-street parking. Offer review Monday. Please DO NOT disturb residents!!

Last Agent to Sell the Property

Angela Nicolson

RE/MAX Equity Group License #200205319 Listed on: 06/17/2017

RE/MAX Equity Group

Last Buyer's Agent

Jesse Knight

NextHome Willamette License #200303081

NextHome Willamette

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,964

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • 5,009

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Lap Siding

Interior Spaces

  • 2-Story Property
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Range
  • Dishwasher

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 3 Units
  • Property managed by RMS/ Rental Management Service

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,964

Year Built

Built in 1974 | Remodeled

Lot Details

0

Parking

6

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2592
  • Stories: 2
  • Year Built: 1974
  • Property Condition: Updated/Remodeled
  • Remarks Public: Hardly a better city location! Heart of Brooklyn, one block from the MAX Orange line stop, and near the local amenities. Great commute downtown, Reed College, and all other directions. Hop down to the Springwater Trail on the Willamette. Great income producing with stable residents & leases; quiet area. Three townhouse-style homes in this great triplex with off-street parking. Offer review Monday. Please DO NOT disturb residents!!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: BOISES ADD, BLOCK 9, LOT 21&22
  • Basement: Crawl Space
  • Storage: Individual Storage Units

Exterior Features

  • Exterior Description: Brick, Lap Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 6
  • Parking Description: Paved

Utilities

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

Condo/Co-op/Association

  • Management Name: RMS/ Rental Management Service
  • Management Phone: 503-280-8786
  • Common Amenities: Commons
  • Unit Features: Dishwasher, Range, Refrigerator, Washer/Dryer

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: 4901.29
  • Assessor Parcel Number: R117944

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 14.72

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2017
Closed on
Aug 10, 2017
Sold by
Gruel Kyle
Bought by
Johnson April B and Johnson Hardy H
Seller's Agent
Angela Nicolson
RE/MAX Equity Group
Buyer's Agent
Jesse Knight
NextHome Willamette
List Price
$749,900
Sold Price
$775,000
Premium/Discount to List
$25,100
3.35%
Current Estimated Value
$893,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,876
Avg. Annual Appreciation
1.76%
Original Mortgage
$581,250
Outstanding Balance
$489,752
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$401,331

Purchase Details

Listed on
May 11, 2015
Closed on
Jul 15, 2015
Sold by
Tweed Rentals Llc
Bought by
Gruel Kyle and Cobourn Krista
Seller's Agent
Kama Dersham
Keller Williams PDX Central
Buyer's Agent
Angela Nicolson
RE/MAX Equity Group
List Price
$540,000
Sold Price
$540,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.97%
Original Mortgage
$530,219
Interest Rate
3.85%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 25, 2011
Sold by
Ahmad Karim
Bought by
Tweed Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,750
Interest Rate
4.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2006
Sold by
Ahmad Karim
Bought by
Tweed Rentals Llc

Purchase Details

Closed on
Apr 17, 2006
Sold by
Noakes Scott A
Bought by
Ahmad Karim and Ahmad Sherri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,400
Interest Rate
6.35%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 12, 2005
Sold by
Noakes Scott A
Bought by
Noakes Scott A and Noakes Debbra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,750
Interest Rate
6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 21, 2005
Sold by
Noakes Janet A
Bought by
Noakes Scott A and Noakes Debra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,750
Interest Rate
6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 7, 1995
Sold by
Waverly Properties
Bought by
Noakes Janet A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
8.36%
Mortgage Type
Purchase Money Mortgage
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
Johnson April B $775,000 Fidelity National Title Or
Gruel Kyle $540,000 Chicago Title Company Of Or
Tweed Rentals Llc -- Accommodation
Tweed Rentals Llc -- None Available
Ahmad Karim $437,900 Fidelity Natl Title Co Of Or
Noakes Scott A -- Fidelity Natl Title Co Of Or
Noakes Scott A -- --
Noakes Janet A $154,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson April B $581,250
Previous Owner Gruel Kyle $530,219
Previous Owner Ahmad Karim $288,750
Previous Owner Ahmad Karim $328,400
Previous Owner Noakes Scott A $204,750
Previous Owner Noakes Scott A $80,000
Previous Owner Noakes Janet A $93,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2017 08/15/17 Sold $775,000 +3.3% $299 / Sq Ft
06/28/2017 06/28/17 Pending -- -- --
06/17/2017 06/17/17 For Sale $749,900 +38.9% $289 / Sq Ft
07/17/2015 07/17/15 Sold $540,000 0.0% $208 / Sq Ft
05/24/2015 05/24/15 Pending -- -- --
05/11/2015 05/11/15 For Sale $540,000 -- $208 / 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 $7,964 $288,990 $0 $0
2022 $7,492 $280,580 $0 $0
2021 $7,365 $272,410 $0 $0
2020 $6,757 $264,480 $0 $0
2019 $6,508 $256,780 $0 $0
2018 $6,317 $249,303 $0 $0
2017 $5,356 $214,110 $0 $0
2016 $4,901 $207,880 $0 $0
2015 $4,773 $201,830 $0 $0
2014 $4,701 $195,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Angela Nicolson

    Seller's Agent in 2017

    Angela Nicolson

    RE/MAX

    (503) 622-8138

    42 Total Sales

    Section Image
  • Jesse Knight

    Buyer's Agent in 2017

    Jesse Knight

    NextHome Willamette

    (971) 219-4939

    76 Total Sales

    Section Image
  • Kama Dersham

    Seller's Agent in 2015

    Kama Dersham

    Keller Williams PDX Central

    (503) 336-6868

    100 Total Sales

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 17271277

Regional Multiple Listing Service (RMLS)

APN: R117944

Oregon Multnomah County Portland 97202 Brooklyn

4323 SE 16th Ave Unit 4327, Portland, OR

This home is located at 4323 SE 16th Ave Unit 4327, Portland, OR 97202 since 17 June 2017 and is currently estimated at $892,687, approximately $344 per square foot. This property was built in 1974. 4323 SE 16th Ave Unit 4327 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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