$532,500
SOLD OCT 25, 2024

4350-4352 SE 25th Ave Portland, OR 97202

Brooklyn Neighborhood
-- Bed
-- Bath
1,704 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$312 Per Sq Ft

3% Below List Price

29 Days on Market

Highlights

  • Property is near a bus stop
  • Baseboard Heating
  • Level Lot
  • Cleveland High School Rated A-

About This Home

As of October 2024

Address is 4350-4352 SE 25th. Appointment only, please do not walk on property. Snatch up this close-in SE up/down duplex. Identical and spacious 2 bedroom/1 bath units each offer fenced dedicated outdoor areas and off-street parking. Newer windows and roof. Fresh paint. Convenient location with close proximity to shopping, restaurants, transit, parks, coffee and Reed College. Upper unit is vacant which makes this PERFECT for an owner-occupied investor.

Last Agent to Sell the Property

Michelle Koury

Windermere Realty Trust Brokerage Phone: 503-970-5092 License #980400025 Listed on: 08/14/2024

Windermere Realty Trust

Co-Listed By

Mel George

Windermere Realty Trust Brokerage Phone: 503-970-5092 License #200506144

Last Buyer's Agent

Tim Pitts

Proud Realty LLC License #200907074

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,931

Year Built

  • Built in 1969

Lot Details

  • 3,920 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Plywood Siding Panel T1-11
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,704 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Parking

  • 2 Parking Spaces
  • Driveway
  • Open Parking

Location

  • Property is near a bus stop

Schools

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

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R274087

Community Details

Overview

  • 2 Units
  • Brooklyn Subdivision

Building Details

  • Operating Expense $5,931
  • Gross Income $17,940
  • Net Operating Income $17,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,931

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1969
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Exterior Description: Brick,CementSiding,T111Siding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, OnBusline
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, Open
  • Attached Garage: No
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: None
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: R2.5
  • Lot Size Acres: 0.09
  • Lot Size: 4000 Sq Ft
  • Lot Size Sq Ft: 3920.0
  • Parcel #: R274087

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 5930.67
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 30.66
  • Annual Gross Income: 17940.0
  • Property Net Operating Income: 17940.0
  • Annual Operating Expense: 5931.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2024
Closed on
Oct 25, 2024
Sold by
Reynolds Deborah K and Reynolds Bruce F
Bought by
Pruett Burton and Tamblyn Micah
Seller's Agent
Michelle Koury
Windermere Realty Trust
Buyer's Agent
Tim Pitts
Proud Realty LLC
List Price
$550,000
Sold Price
$532,500
Premium/Discount to List
-$17,500
-3.18%
Views
25
Current Estimated Value
$552,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,044
Avg. Annual Appreciation
5.13%
Original Mortgage
$505,875
Outstanding Balance
$503,427
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$50,807

Purchase Details

Closed on
Dec 22, 2003
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Reynolds Bruce F and Reynolds Deborah K

Purchase Details

Closed on
Feb 21, 2003
Sold by
Marcos Angela O
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Aug 10, 2001
Sold by
Marcos Angela O
Bought by
Marcos Angela O and Celino Lina P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,250
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 12, 2001
Sold by
Celino Lina P
Bought by
Marcos Angela O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,250
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 2001
Sold by
Celino Anacieto N
Bought by
Celino Lina P

Purchase Details

Closed on
Jun 5, 1996
Sold by
Celino Anacleto N
Bought by
Celino Anacleto N and Celino Lina P

Purchase Details

Closed on
Apr 17, 1995
Sold by
Celino Lina P
Bought by
Celino Anacleto N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
8.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 1995
Sold by
Ross George L
Bought by
Celino Lina P and Celino Pauline P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
8.77%
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 Type Sale Price Title Company
Warranty Deed $532,500 Ticor Title
Special Warranty Deed $158,500 First American
Trustee Deed $165,000 Fatco
Interfamily Deed Transfer -- --
Warranty Deed $175,000 Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Stewart Title
Warranty Deed $70,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $505,875 New Conventional
Previous Owner $166,250 Purchase Money Mortgage
Previous Owner $84,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2024 10/25/24 Sold $532,500 -3.2% $313 / Sq Ft
09/12/2024 09/12/24 Pending -- -- --
08/14/2024 08/14/24 For Sale $550,000 -- $323 / 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 $6,168 $223,810 $0 $0
2022 $5,802 $217,300 $0 $0
2021 $5,704 $210,980 $0 $0
2020 $5,233 $204,840 $0 $0
2019 $5,041 $198,880 $0 $0
2018 $4,893 $193,090 $0 $0
2017 $4,689 $187,470 $0 $0
2016 $4,291 $182,010 $0 $0
2015 $4,179 $176,710 $0 $0
2014 $4,116 $171,570 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24689309

Regional Multiple Listing Service (RMLS)

APN: R274087