NOT LISTED FOR SALE

480 NE 18th St Unit 488 Gresham, OR 97030

North Central Neighborhood

Estimated Value: $535,000 - $589,000

3 Beds
2 Baths
2,610 Sq Ft
$218/Sq Ft Est. Value

Last Sold August 05, 2016

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

Est. 60% increase in value since last sale

Current estimated payment $3,653/month

89 Days on Market

Highlights

  • Attached Garage
  • Views
  • Level Lot

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 Listed By

Robie Ranes

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

Realty One Group Prestige

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,006

Year Built

  • Built in 1978

Lot Details

  • 8,102

Parking

  • Attached Garage

Kitchen

  • Range
  • Dishwasher
  • Disposal

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • 2-Story Property
  • Level Lot
  • Property Views

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,006

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

  • Elementary School: Highland
  • Middle School: Dexter McCarty
  • High School: Gresham
  • 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%
Total Days on Market
89
Current Estimated Value
$568,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,599
Avg. Annual Appreciation
5.42%
Original Mortgage
$254,800
Interest Rate
3.41%
Mortgage Type
New Conventional

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

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 A $346,500
Closed Simon Charlie O $254,800
Previous Owner Wolfe Michael A $50,000
Previous Owner Wolfe Michael A $171,500
Previous Owner Wolfe Michael A $38,400
Previous Owner Wolfe Michael A $130,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

    58 Total Sales

    Robie Ranes
    Section Image
  • Maria Sworske

    Buyer's Agent in 2016

    Maria Sworske

    Realty ONE Group Prestige

    (503) 720-6466

    50 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

Homes for Sale in Gresham, OR

This home is located at 480 NE 18th St Unit 488, Gresham, OR 97030 since 19 March 2016 and is currently estimated at $568,599, approximately $217 per square foot. This property was built in 1978. 480 NE 18th St Unit 488 is a home located in Multnomah County with nearby schools including Highland Elementary School, Clear Creek Middle School, and Gresham High School.

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