NOT LISTED FOR SALE

4620 NE Portland Hwy Portland, OR 97218

Cully Neighborhood

Estimated Value: $481,000 - $862,000

10 Beds
5 Baths
4,020 Sq Ft
$188/Sq Ft Est. Value

Last Sold May 15, 2020

Last sale price $750,000 $187 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,628/month

14 Days on Market

Highlights

  • Storage
  • Beaumont Middle School Rated 10
  • Washer and Dryer

About This Home

As of May 2020

Maddy's Depot is a garden-style 5-plex comprised of two buildings: one 3-plex (flats) & one duplex (townhomes). All units include W/D hookups, patios & 10x20 sq ft fenced yards. 3 units were substantially renovated in 2018 with new roofs on 2 units. Located in desirable Cully neighborhood, close-in NE Portland with access to public transportation, retail, and parks. Seller / LLC member is a Licensed Principal Broker.

Last Agent to Sell the Property

Cameron Irtifa

Rent Portland Homes Professionals License #200412234 Listed on: 02/18/2020

Last Buyer's Agent

Nancy Shropshire

Mal & Seitz License #910900194

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,045

Year Built

  • Built in 1974

Lot Details

  • 0.29

Parking

  • Paved Parking

Home Design

  • Concrete Perimeter Foundation
  • Wood Composite

Interior Spaces

  • 2-Story Property
  • Window Treatments
  • Storage
  • Washer and Dryer
  • Crawl Space
  • Dishwasher

Utilities

  • Electric Water Heater

Community Details

  • 5 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,045

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 4020
  • Stories: 2
  • Year Built: 1974
  • Property Condition: Existing
  • Unreinforced Masonry Building: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: TERESI TR, E 1/2 OF LOT 10
  • Basement: Crawl Space
  • Storage: Locked

Exterior Features

  • Exterior Description: Wood Composite
  • Lot Size: 10,000 to 14,999 SqFt
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air - 90%
  • Security: None

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Unit Features: Dishwasher, Refrigerator, Washer/Dryer Hookup, Washer/Dryer, Window Coverings

Lot Info

  • Zoning: R2
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 6149.00
  • Assessor Parcel Number: R284224
  • Tax Year: 2019

Multi Family

  • Unit Type: 1, 2, 3, 4, 5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 12.24

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2020
Closed on
May 11, 2020
Sold by
K B 5 Llc
Bought by
Lupus 4620 5 Llc
Seller's Agent
Cameron Irtifa
Rent Portland Homes Professionals
Buyer's Agent
Nancy Shropshire
Mal & Seitz
List Price
$750,000
Sold Price
$750,000
Current Estimated Value
$756,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,062
Avg. Annual Appreciation
0.15%
Original Mortgage
$562,500
Outstanding Balance
$497,360
Interest Rate
3.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$258,702

Purchase Details

Closed on
May 11, 2006
Sold by
Mcmurtry Alan D
Bought by
Kb 5 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,500
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 2005
Sold by
Westridge I Llc
Bought by
Mcmurtry Alan D

Purchase Details

Closed on
Jan 28, 2004
Sold by
Frank William B
Bought by
Westridge I Llc

Purchase Details

Closed on
Nov 18, 1996
Sold by
Pollock Donald E
Bought by
Frank William B and Frank Mary C
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
Lupus 4620 5 Llc $570,000 Fidelity National Ttl Of Or
Kb 5 Llc $365,000 First American
Mcmurtry Alan D $370,000 First American
Westridge I Llc -- Fidelity Natl Title Co Of Or
Frank William B $695,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lupus 4620 5 Llc $562,500
Previous Owner Kb 5 Llc $255,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2020 05/15/20 Sold $750,000 0.0% $187 / Sq Ft
03/03/2020 03/03/20 Pending -- -- --
02/18/2020 02/18/20 For Sale $750,000 -- $187 / 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 $8,045 $298,590 -- --
2024 $7,756 $289,900 -- --
2023 $7,458 $281,460 $0 $0
2022 $7,297 $273,270 $0 $0
2021 $7,174 $265,320 $0 $0
2020 $6,581 $257,600 $0 $0
2019 $6,339 $250,100 $0 $0
2018 $6,153 $242,820 $0 $0
2017 $5,897 $235,750 $0 $0
2016 $5,397 $228,890 $0 $0
2015 $5,255 $222,230 $0 $0
2014 $5,176 $215,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Cameron Irtifa

    Rent Portland Homes Professionals

    (503) 646-9664

    5 Total Sales

    Cameron Irtifa
    Section Image

  • N

    Buyer's Agent in 2020

    Nancy Shropshire

    Mal & Seitz

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20473553

Regional Multiple Listing Service (RMLS)

APN: R284224

Oregon Multnomah County Portland 97218 Cully

4620 NE Portland Hwy, Portland, OR

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