NOT LISTED FOR SALE

4840 NE 99th Ave Unit 4848 Portland, OR 97220

Parkrose Neighborhood

Estimated Value: $342,000 - $596,000

5 Beds
4 Baths
1,825 Sq Ft
$254/Sq Ft Est. Value

Last Sold December 31, 2018

Last sale price $400,000 $219 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,688/month

78 Days on Market

About This Home

As of December 2018

Great income with this 4 plex. One bedroom unit offers high ceilings and updated kitchen, paint and flooring. As well as a two-bedroom unit was recently updated with flooring and newer windows. Outside driveway paved, buildings painted and new porches added. Write offer subject to Interior Viewing. Please do not disturb tenants. No sign or lockbox on property.

Last Agent to Sell the Property

Connie Brockway

Elite Realty & Associates LLC License #201210511 Listed on: 09/21/2018

Last Buyer's Agent

Jason Kennedy

RE/MAX Equity Group License #200501139

RE/MAX Equity Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,170

Year Built

  • Built in 1933

Lot Details

  • 5,009

Parking

  • Paved Parking

Home Design

  • Wood Siding
  • Plywood Siding Panel T1-11

Interior Spaces

  • Storage
  • Crawl Space

Utilities

  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,170

Year Built

Built in 1933

Lot Details

0

Parking

4

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1825
  • Year Built: 1933
  • Remarks Public: Great income with this 4 plex. One bedroom unit offers high ceilings and updated kitchen, paint and flooring. As well as a two-bedroom unit was recently updated with flooring and newer windows. Outside driveway paved, buildings painted and new porches added. Write offer subject to Interior Viewing. Please do not disturb tenants. No sign or lockbox on property.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: PARKROSE & RPLT, BLOCK 83, LOT 7
  • Basement: Crawl Space
  • Storage: Locked

Exterior Features

  • Exterior Description: T-111 Siding, Wood Siding
  • Lot Size: 5K-6,999SF
  • Roof Type: Composition
  • Foundation Details: None

Garage/Parking

  • Garage Or Parking Spaces: 4
  • Parking Description: Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard

Lot Info

  • Zoning: CM2

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 1641.10
  • Assessor Parcel Number: R235741
  • Tax Year: 2017

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 10.37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2018
Closed on
Dec 26, 2018
Sold by
P & M Renovation Llc
Bought by
Halevy Adi and Arezzini Alex
Seller's Agent
Connie Brockway
Elite Realty & Associates LLC
Buyer's Agent
Jason Kennedy
RE/MAX Equity Group
List Price
$460,000
Sold Price
$400,000
Premium/Discount to List
-$60,000
-13.04%
Current Estimated Value
$457,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,852
Avg. Annual Appreciation
1.97%
Original Mortgage
$298,125
Outstanding Balance
$266,181
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$188,970

Purchase Details

Listed on
Mar 31, 2017
Closed on
Jun 27, 2017
Sold by
Grant Michael
Bought by
P & M Renovation Llc and Auspicious Elite Investments Llc
Seller's Agent
Sunny Liston
American Real Estate Concepts
Buyer's Agent
Mercedes Li
Mercedes Realty LLC
List Price
$299,950
Sold Price
$265,000
Premium/Discount to List
-$34,950
-11.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.35%

Purchase Details

Closed on
May 5, 2004
Sold by
Trip Larry E
Bought by
Grant Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
5.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 2003
Sold by
Bullock Floyd
Bought by
Trip Larry E and Trip Kathy A
Source: Public Records

Range of Values:

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Average Value
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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
Halevy Adi $400,000 First American Title
P & M Renovation Llc $265,000 First American
Grant Michael $95,000 First American
Trip Larry E $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Arezzini Alex $0
Open Halevy Adi $298,125
Previous Owner Grant Michael B $188,000
Previous Owner Grant Michael $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2018 12/31/18 Sold $400,000 -13.0% $219 / Sq Ft
12/08/2018 12/08/18 Pending -- -- --
09/21/2018 09/21/18 For Sale $460,000 +73.6% $252 / Sq Ft
06/28/2017 06/28/17 Sold $265,000 -11.7% $143 / Sq Ft
06/15/2017 06/15/17 Pending -- -- --
03/31/2017 03/31/17 For Sale $299,950 -- $162 / 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 $2,170 $93,190 $0 $0
2022 $2,040 $90,480 $0 $0
2021 $2,006 $87,850 $0 $0
2020 $1,863 $85,300 $0 $0
2019 $1,763 $82,820 $0 $0
2018 $1,703 $80,410 $0 $0
2017 $1,641 $78,070 $0 $0
2016 $1,584 $75,800 $0 $0
2015 $1,553 $73,600 $0 $0
2014 $1,521 $71,460 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Connie Brockway

    Seller's Agent in 2018

    Connie Brockway

    Elite Realty & Associates LLC

    (503) 544-1196

    1 in this area

    53 Total Sales

    Section Image
  • Jason Kennedy

    Buyer's Agent in 2018

    Jason Kennedy

    RE/MAX

    (503) 679-0554

    184 Total Sales

    Section Image

  • S

    Seller's Agent in 2017

    Sunny Liston

    American Real Estate Concepts

  • M

    Buyer's Agent in 2017

    Mercedes Li

    Mercedes Realty LLC

    (503) 789-9988

    6 Total Sales

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18369203

Regional Multiple Listing Service (RMLS)

APN: R235741

Oregon Multnomah County Portland 97220 Parkrose

4840 NE 99th Ave Unit 4848, Portland, OR

This home is located at 4840 NE 99th Ave Unit 4848, Portland, OR 97220 since 21 September 2018 and is currently estimated at $462,776, approximately $253 per square foot. This property was built in 1933. 4840 NE 99th Ave Unit 4848 is a home located in Multnomah County with nearby schools including Prescott Elementary School, Parkrose Middle School, and Parkrose High School.

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