NOT LISTED FOR SALE

4606 NE Portland Hwy Portland, OR 97218

Cully Neighborhood

Estimated Value: $967,000 - $1,269,000

3 Beds
1 Bath
5,760 Sq Ft
$189/Sq Ft Est. Value

Last Sold June 16, 2015

Last sale price $740,000 $128 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $6,981/month

107 Days on Market

Highlights

  • Storage
  • Beaumont Middle School Rated 10
  • Level Lot

About This Home

As of June 2015

Fantastic multifamily property. Six units on one lot. All 3 bed 1 bath. Built by the owner for themselves in 1999. Parking and storage on site. Fully occupied - a perfect turn key investment.

Last Agent to Sell the Property

Nick Krautter

City and State Real Estate License #200601292 Listed on: 12/12/2014

Last Buyer's Agent

Amy Morrison

Premiere Property Group, LLC License #201105121

Premiere Property Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,547

Year Built

  • Built in 1999

Lot Details

  • 0.3

Parking

  • Paved Parking

Home Design

  • Plywood Siding Panel T1-11

Interior Spaces

  • 2-Story Property
  • Storage
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Dishwasher

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 6 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,547

Year Built

Built in 1999

Lot Details

0

Parking

9

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 5760
  • Stories: 2
  • Year Built: 1999
  • Year Built Description: Remodeled
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space
  • Legal Description: TERESI TR, W 1/2 OF LOT 10
  • Storage: Attached

Exterior Features

  • Exterior Description: T-111 Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 9
  • Parking Description: Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Zoned
  • Security Or Entry: Security Lights
  • Utilities Included: Trash Collection, Water

Condo/Co-op/Association

  • Unit Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup

Lot Info

  • Lot Description: Level
  • Zoning: R2

Tax Info

  • Tax Amount: 7888.00
  • Assessor Parcel Number: R284223

Multi Family

  • Unit Type: 1
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 10.26

MLS Schools

  • Elementary School: Rigler
  • High School: Madison
  • Middle School: Beaumont

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2023
Sold by
Sassalos Anna Maria
Bought by
Lombard Street Properties Llc
Current Estimated Value
$1,086,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$952,040
Interest Rate
7.19%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 12, 2014
Closed on
Jun 9, 2015
Sold by
Jackson Jennice
Bought by
Sassalos Anna Maria
Seller's Agent
Nick Krautter
City and State Real Estate
Buyer's Agent
Amy Morrison
Premiere Property Group, LLC
List Price
$750,000
Sold Price
$740,000
Premium/Discount to List
-$10,000
-1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.77%
Original Mortgage
$480,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 7, 1997
Sold by
Morse Jack E
Bought by
Jackson Jennice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
7.66%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 13, 1996
Sold by
Thostenson Eric L and Thostenson Lewis D
Bought by
Morse Jack E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,000
Interest Rate
7.67%
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
Lombard Street Properties Llc $875,000 Lawyers Title
Sassalos Anna Maria $740,000 Wfg Title
Jackson Jennice $69,000 Stewart Title
Morse Jack E $30,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lombard Street Properties Llc $952,040
Previous Owner Sassalos Anna Maria $480,000
Previous Owner Jackson Jennice $54,000
Previous Owner Morse Jack E $31,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2015 06/16/15 Sold $740,000 -1.3% $128 / Sq Ft
03/29/2015 03/29/15 Pending -- -- --
12/12/2014 12/12/14 For Sale $750,000 -- $130 / 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
2025 $15,547 $576,980 -- --
2024 $14,988 $560,180 -- --
2023 $14,988 $543,870 $0 $0
2022 $14,100 $528,030 $0 $0
2021 $13,861 $512,660 $0 $0
2020 $12,716 $497,730 $0 $0
2019 $12,248 $483,240 $0 $0
2018 $11,888 $469,170 $0 $0
2017 $11,394 $455,510 $0 $0
2016 $10,427 $442,250 $0 $0
2015 $8,892 $429,370 $0 $0
2014 -- $416,870 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2015

    Nick Krautter

    City and State Real Estate

    Section Image

  • A

    Buyer's Agent in 2015

    Amy Morrison

    Premiere Property Group, LLC

    (503) 939-7840

    10 Total Sales

    Amy Morrison
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 14058599

Regional Multiple Listing Service (RMLS)

APN: R284223

Oregon Multnomah County Portland 97218 Cully

4606 NE Portland Hwy, Portland, OR

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