NOT LISTED FOR SALE

480 NE 18th St Unit 488 Gresham, OR 97030

North Central Neighborhood

Estimated Value: $545,000 - $612,000

3 Beds
2 Baths
2,610 Sq Ft
$222/Sq Ft Est. Value

Last Sold August 05, 2016

Last sale price $355,000 $136 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $3,627/month

89 Days on Market

Highlights

  • Attached Garage
  • Parking Storage or Cabinetry
  • Level Lot
  • Views

About This Home

As of August 2016

Great OPPORTUNITY! These units have been updated & well kept. Granite/Tile, new carpet, interior paint siding, roof, gutters and man-doors. Newer H2O heater, furnace-so many updates! Close to public trans., schools, DT Gresham, medical, shopping and ease of access to freeway gorge or PDX. The gem is a must see! Excellent rental history-or consider owner occupy.

Last Agent to Sell the Property

Robie Ranes

Realty One Group Prestige License #200409013 Listed on: 03/19/2016

Realty One Group Prestige

Last Buyer's Agent

Maria Sworske

Realty One Group Prestige License #960500071

Realty One Group Prestige

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,887

Year Built

  • Built in 1978

Lot Details

  • Level Lot

Parking

  • Attached Garage
  • Parking Storage or Cabinetry

Interior Spaces

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

Kitchen

  • Range
  • Dishwasher
  • Disposal

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,887

Year Built

Built in 1978

Lot Details

0

Parking

4

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 2610
  • Stories: 2
  • Year Built: 1978
  • Year Built Description: Remodeled
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space
  • Legal Description: WY EAST, BLOCK 3, LOT 2
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Man Made
  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Composition
  • View: Territorial
  • View: Yes

Garage/Parking

  • Garage Or Parking Spaces: 4
  • Parking Description: Attached, Garage

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air - 90%
  • Security Or Entry: Sidewalk
  • Utilities Included: Water

Condo/Co-op/Association

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

Schools

  • School High2: Sprngwatr Trail

Lot Info

  • Lot Description: Level
  • Zoning: LDR5

Tax Info

  • Tax Amount: 3808.98
  • Assessor Parcel Number: R313648

Multi Family

  • Unit Type: 1
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.89

MLS Schools

  • Elementary School: Highland
  • High School: Gresham
  • Middle School: Dexter McCarty

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2016
Closed on
Aug 3, 2016
Sold by
Wolfe Michael A
Bought by
Simon Charlie O and Simon Maggy
Seller's Agent
Robie Ranes
Realty One Group Prestige
Buyer's Agent
Maria Sworske
Realty One Group Prestige
List Price
$374,000
Sold Price
$355,000
Premium/Discount to List
-$19,000
-5.08%
Current Estimated Value
$580,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,373
Avg. Annual Appreciation
5.46%
Original Mortgage
$254,800
Outstanding Balance
$202,285
Interest Rate
3.41%
Mortgage Type
New Conventional
Estimated Equity
$378,088

Purchase Details

Closed on
Jul 2, 1999
Sold by
Bailey Charles D
Bought by
Wolfe Michael A and Wolfe Michelle R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,900
Interest Rate
7.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 1999
Sold by
S R Construction Co
Bought by
Pordoi Enterprises

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,900
Interest Rate
7.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 14, 1999
Sold by
Pordoi Enterprises
Bought by
Bailey Charles D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,900
Interest Rate
7.24%
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
Simon Charlie O $355,000 Fidelity Natl Title Of Or
Wolfe Michael A $169,900 Pacific Nw Title
Pordoi Enterprises -- Pacific Nw Title
Bailey Charles D -- Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simon Charlie O $254,800
Previous Owner Wolfe Michael A $130,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2016 08/05/16 Sold $355,000 -5.1% $136 / Sq Ft
06/16/2016 06/16/16 Pending -- -- --
03/19/2016 03/19/16 For Sale $374,000 -- $143 / 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 $6,887 $338,440 -- --
2024 $6,593 $328,590 -- --
2023 $6,006 $319,020 $0 $0
2022 $5,838 $309,730 $0 $0
2021 $5,691 $300,710 $0 $0
2020 $5,355 $291,960 $0 $0
2019 $5,215 $283,460 $0 $0
2018 $4,972 $275,210 $0 $0
2017 $4,771 $247,300 $0 $0
2016 $3,893 $240,100 $0 $0
2015 $3,809 $233,110 $0 $0
2014 $3,453 $216,190 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Robie Ranes

    Realty One Group Prestige

    (503) 558-5111

    2 in this area

    54 Total Sales

    Robie Ranes
    Section Image
  • Maria Sworske

    Buyer's Agent in 2016

    Maria Sworske

    Realty One Group Prestige

    (503) 720-6466

    48 Total Sales

    Maria Sworske
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 16137846

Regional Multiple Listing Service (RMLS)

APN: R313648

Oregon Multnomah County Gresham 97030 North Central

480 NE 18th St Unit 488, Gresham, OR

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